New Risk • Jun 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 33% 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. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€57.3m market cap, or US$65.6m). Announcement • May 28
Montebalito, S.A., Annual General Meeting, Jun 29, 2026 Montebalito, S.A., Annual General Meeting, Jun 29, 2026. Location: calle profesor agustin millares carlo 10, piso 4 izquierda, las palmas de gran canaria., Spain New Risk • Feb 21
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 2025 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (€57.9m market cap, or US$68.3m). New Risk • Feb 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 Spanish stocks, typically moving 4.4% 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: Minor Risks Share price has been volatile over the past 3 months (4.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€58.2m market cap, or US$68.7m). New Risk • Sep 03
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 Spanish stocks, typically moving 4.1% 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: Minor Risks Share price has been volatile over the past 3 months (4.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€56.3m market cap, or US$65.6m). Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €1.88, the stock trades at a trailing P/E ratio of 34.9x. Average trailing P/E is 16x in the Real Estate industry in Spain. Total returns to shareholders of 41% over the past three years. Reported Earnings • Aug 11
First half 2025 earnings released: EPS: €0.03 (vs €0.02 in 1H 2024) First half 2025 results: EPS: €0.03 (up from €0.02 in 1H 2024). Revenue: €5.51m (up 248% from 1H 2024). Net income: €960.0k (up 56% from 1H 2024). Profit margin: 17% (down from 39% in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. New Risk • Jul 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 Spanish stocks, typically moving 4.7% 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (4.7% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€47.0m market cap, or US$55.4m). Announcement • May 23
Montebalito, S.A., Annual General Meeting, Jun 24, 2025 Montebalito, S.A., Annual General Meeting, Jun 24, 2025. Location: calle profesor agustin millares carlo 10, piso 4 izquierda, las palmas de gran canaria, gran canaria., Spain New Risk • Feb 21
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 Spanish stocks, typically moving 4.6% 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (4.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€43.5m market cap, or US$45.6m). New Risk • Feb 18
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). Large one-off items impacting financial results. Market cap is less than US$100m (€44.8m market cap, or US$46.9m). Buy Or Sell Opportunity • Jul 01
Now 96% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.4% to €1.40. The fair value is estimated to be €31.95, 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 has become profitable. Buy Or Sell Opportunity • Jun 19
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at €1.41. The fair value is estimated to be €1.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Announcement • May 20
Montebalito, S.A., Annual General Meeting, Jun 19, 2024 Montebalito, S.A., Annual General Meeting, Jun 19, 2024. Location: calle profesor agustin millares carlo 10, piso 4 izquierda, las palmas de gran canaria, gran canaria, Spain Buy Or Sell Opportunity • May 10
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.4% to €1.43. The fair value is estimated to be €1.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Mar 04
Now 21% overvalued Over the last 90 days, the stock has fallen 1.4% to €1.42. The fair value is estimated to be €1.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. New Risk • Feb 19
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). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (10% net profit margin). Market cap is less than US$100m (€43.5m market cap, or US$46.9m). New Risk • Oct 19
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 Spanish stocks, typically moving 5.6% 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 (5.6% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (10% net profit margin). Market cap is less than US$100m (€44.5m market cap, or US$47.0m). New Risk • Aug 24
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 Spanish stocks, typically moving 5.6% 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 (5.6% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (10% net profit margin). Market cap is less than US$100m (€41.0m market cap, or US$44.3m). Reported Earnings • Aug 07
First half 2023 earnings released: €0.01 loss per share (vs €0.10 profit in 1H 2022) First half 2023 results: €0.01 loss per share (down from €0.10 profit in 1H 2022). Revenue: €4.01m (down 64% from 1H 2022). Net loss: €261.0k (down 108% from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Aug 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% 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. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (10% net profit margin). Market cap is less than US$100m (€44.8m market cap, or US$49.3m). New Risk • Jun 18
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 Spanish stocks, typically moving 4.8% 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: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Share price has been volatile over the past 3 months (4.8% average weekly change). Shareholders have been diluted in the past year (3.7% increase in shares outstanding). Market cap is less than US$100m (€41.9m market cap, or US$45.9m). Announcement • Feb 09
An unknown buyer acquired Gran Hotel Europa from Montebalito, S.A. (BME:MTB). An unknown buyer acquired Gran Hotel Europa from Montebalito, S.A. (BME:MTB) on December 31, 2023.An unknown buyer completed the acquisition of Gran Hotel Europa from Montebalito, S.A. (BME:MTB) on December 31, 2023. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.62, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 10x in the Real Estate industry in Spain. Total returns to shareholders of 7.1% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Francisco Guijarro Zubizarreta was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 05
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €1.93m from profit in 1H 2021). Profit margin: (down from 25% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Director Francisco Guijarro Zubizarreta was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 05
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €0.16 (up from €0.19 loss in FY 2020). Revenue: €22.9m (up 119% from FY 2020). Net income: €5.02m (up €11.1m from FY 2020). Profit margin: 22% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Dec 29
Montebalito, S.A. (BME:MTB) agreed to acquire Inmobiliaria Meridional Gallega Sl from Metambiente, S.A. for €11.8 million. Montebalito, S.A. (BME:MTB) agreed to acquire Inmobiliaria Meridional Gallega Sl from Metambiente, S.A. for €11.8 million on December 27, 2021. The transaction has been approved by board of Montebalito, S.A. Reported Earnings • Mar 02
Full year 2020 earnings released: €0.18 loss per share (vs €0.43 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: €12.7m (up 16% from FY 2019). Net loss: €5.80m (loss narrowed 58% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 88% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 26
New 90-day low: €1.35 The company is down 4.0% from its price of €1.40 on 27 November 2020. The Spanish market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 2.0% over the same period. Is New 90 Day High Low • Jan 21
New 90-day low: €1.38 The company is down 9.0% from its price of €1.52 on 23 October 2020. The Spanish market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 10.0% over the same period. Upcoming Dividend • Jan 11
Upcoming Dividend of €0.04 Per Share Will be paid on the 2nd of February to those who are registered shareholders by the 18th of January. The company last paid an ordinary dividend in April 2017. The average dividend yield among industry peers is 3.0%. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total losses of €17.8m, with losses widening by €17.0m from the prior year. Total revenue was €11.1m over the last 12 months, up 36% from the prior year.