New Risk • Dec 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 Risks Earnings have declined by 6.8% per year over the past 5 years. Market cap is less than US$10m (€2.50m market cap, or US$2.75m). Minor Risks High level of debt (49% net debt to equity). Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Profit margins are more than 30% lower than last year (3.1% net profit margin). Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €1.20, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 13x in the Professional Services industry in France. Total returns to shareholders of 38% over the past three years. New Risk • Jun 10
New major risk - Revenue and earnings growth Earnings have declined by 6.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 6.8% per year over the past 5 years. Market cap is less than US$10m (€8.20m market cap, or US$8.81m). Minor Risks High level of debt (62% net debt to equity). Profit margins are more than 30% lower than last year (3.1% net profit margin). Reported Earnings • Jun 09
Full year 2022 earnings released Full year 2022 results: Revenue: €15.9m (up 12% from FY 2021). Net income: €488.6k (down 57% from FY 2021). Profit margin: 3.1% (down from 8.0% in FY 2021). The decrease in margin was driven by higher expenses. New Risk • Jun 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.20m (US$8.77m) This is considered a major risk. Companies with a small market capitalization 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (€8.20m market cap, or US$8.77m). Minor Risks Latest financial reports are more than 6 months old (reported December 2021 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.0% net profit margin). Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €2.02, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 14x in the Professional Services industry in France. Total returns to shareholders of 102% over the past three years. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improved over the past week After last week's 25% share price gain to €2.18, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 16x in the Professional Services industry in France. Total returns to shareholders of 86% over the past three years. Reported Earnings • Jun 20
Full year 2020 earnings released: EPS: €0.26 (vs €0.28 in FY 2019) Full year 2020 results: EPS: €0.26 (down from €0.28 in FY 2019). Revenue: €11.1m (down 17% from FY 2019). Net income: €1.28m (down 10% from FY 2019). Profit margin: 12% (in line with FY 2019). Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improved over the past week After last week's 18% share price gain to €1.98, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 15x in the Professional Services industry in France. Total returns to shareholders of 4.2% over the past three years. Valuation Update With 7 Day Price Move • May 25
Investor sentiment deteriorated over the past week After last week's 23% share price decline to €1.43, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 17x in the Professional Services industry in France. Total loss to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €1.86, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 17x in the Professional Services industry in France. Total loss to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improved over the past week After last week's 47% share price gain to €2.50, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 27x in the Professional Services industry in France. Total loss to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €1.85, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 31x in the Professional Services industry in France. Total loss to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €1.86, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 24x in the Professional Services industry in France. Total loss to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improved over the past week After last week's 18% share price gain to €2.00, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 25x in the Professional Services industry in France. Total loss to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €1.86, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 34x in the Professional Services industry in France. Total loss to shareholders of 58% over the past three years. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €2.20, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 37x in the Professional Services industry in France. Total loss to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improved over the past week After last week's 45% share price gain to €2.50, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 36x in the Professional Services industry in France. Total loss to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €2.04, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 39x in the Professional Services industry in France. Total returns to shareholders of 119% over the past year. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improved over the past week After last week's 18% share price gain to €2.48, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 42x in the Professional Services industry in France. Total returns to shareholders of 167% over the past year. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improved over the past week After last week's 21% share price gain to €3.00, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 26x in the Professional Services industry in France. Total loss to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improved over the past week After last week's 25% share price gain to €1.69, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 26x in the Professional Services industry in France. Total loss to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €1.60, the stock is trading at a trailing P/E ratio of 5.6x, down from the previous P/E ratio of 7x. This compares to an average P/E of 31x in the Professional Services industry in France. Total return to shareholders over the past three years is a loss of 61%. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improved over the past week After last week's 132% share price gain to €2.20, the stock is trading at a trailing P/E ratio of 7.7x, up from the previous P/E ratio of 3.3x. This compares to an average P/E of 30x in the Professional Services industry in France. Total return to shareholders over the past three years is a loss of 31%. Is New 90 Day High Low • Jan 21
New 90-day high: €0.95 The company is up 30% from its price of €0.73 on 16 October 2020. The French market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 22
New 90-day high: €0.81 The company is up 15% from its price of €0.70 on 22 September 2020. The French market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 10.0% over the same period. Is New 90 Day High Low • Sep 19
New 90-day low: €0.73 The company is down 22% from its price of €0.93 on 17 June 2020. The French market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 11% over the same period.