Buy Or Sell Opportunity • Mar 20
Now 28% overvalued Over the last 90 days, the stock has fallen 25% to €2.48. The fair value is estimated to be €1.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.4% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to decline by 0.4% in a year. Earnings are forecast to grow by 80% in the next year. New Risk • Mar 16
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 French stocks, typically moving 8.0% 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: Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (€25.4m market cap, or US$29.3m). Major Estimate Revision • Mar 13
Consensus EPS estimates upgraded to €0.54 loss, revenue downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from €529.1m to €512.4m. 2026 losses expected to reduce from -€0.612 to -€0.54 per share. Luxury industry in France expected to see average net income growth of 24% next year. Consensus price target down from €4.50 to €2.70. Share price fell 20% to €2.00 over the past week. Buy Or Sell Opportunity • Nov 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.7% to €3.94. The fair value is estimated to be €4.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 24%. Revenue is forecast to grow by 2.0% in 2 years. Earnings are forecast to grow by 90% in the next 2 years. Reported Earnings • Nov 04
Full year 2025 earnings released: €1.57 loss per share (vs €2.96 loss in FY 2024) Full year 2025 results: €1.57 loss per share (improved from €2.96 loss in FY 2024). Revenue: €521.2m (down 1.5% from FY 2024). Net loss: €15.1m (loss narrowed 55% from FY 2024). Revenue is forecast to grow 1.0% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 29% per year. Announcement • Oct 16
Damartex, Annual General Meeting, Nov 20, 2025 Damartex, Annual General Meeting, Nov 20, 2025. Location: 160 boulevard de fourmies, roubaix France New Risk • Sep 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 December 2024 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (€2.9m net loss in 2 years). Market cap is less than US$100m (€40.7m market cap, or US$47.6m). Price Target Changed • Sep 22
Price target decreased by 10.0% to €4.50 Down from €5.00, the current price target is provided by 1 analyst. New target price is 22% above last closing price of €3.70. Stock is down 22% over the past year. The company is forecast to post a net loss per share of €1.39 next year compared to a net loss per share of €2.96 last year. New Risk • Sep 22
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: €25m Forecast net loss in 2 years: €2.9m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€2.9m net loss in 2 years). Market cap is less than US$100m (€41.6m market cap, or US$49.0m). Reported Earnings • Mar 13
First half 2025 earnings released: €0.36 loss per share (vs €1.11 loss in 1H 2024) First half 2025 results: €0.36 loss per share (improved from €1.11 loss in 1H 2024). Revenue: €284.6m (down 2.9% from 1H 2024). Net loss: €2.54m (loss narrowed 80% from 1H 2024). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 33 percentage points per year, which is a significant difference in performance. New Risk • Sep 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 French stocks, typically moving 6.8% 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 Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (€53.7m market cap, or US$59.7m). Announcement • Sep 11
Damartex, Annual General Meeting, Nov 21, 2024 Damartex, Annual General Meeting, Nov 21, 2024. New Risk • Aug 18
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: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (€35.4m market cap, or US$39.0m). New Risk • Apr 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 French stocks, typically moving 6.8% 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 Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (€34.7m market cap, or US$37.6m). New Risk • Mar 08
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: €47m Forecast net loss in 1 year: €2.2m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (€2.2m net loss next year). Market cap is less than US$100m (€40.0m market cap, or US$43.8m). New Risk • Oct 23
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 French stocks, typically moving 9.2% 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 (9.2% average weekly change). Minor Risk Market cap is less than US$100m (€53.1m market cap, or US$56.6m). Major Estimate Revision • Oct 21
Consensus EPS estimates fall by 206% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €600.0m to €560.0m. Losses expected to increase from €0.17 per share to €0.52. Luxury industry in France expected to see average net income growth of 6.3% next year. Consensus price target down from €7.00 to €6.50. Share price fell 9.4% to €5.40 over the past week. Reported Earnings • Sep 08
Full year 2023 earnings released Full year 2023 results: Revenue: €650.4m (down 9.5% from FY 2022). Net loss: €32.6m (loss widened 463% from FY 2022). Revenue is expected to decline by 1.6% p.a. on average during the next 2 years, while revenues in the Luxury industry in Europe are expected to grow by 7.8%. Price Target Changed • Apr 28
Price target decreased by 18% to €12.00 Down from €14.70, the current price target is provided by 1 analyst. New target price is 28% above last closing price of €9.36. Stock is down 34% over the past year. The company is forecast to post a net loss per share of €0.79 next year compared to a net loss per share of €0.52 last year. Major Estimate Revision • Jan 22
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from €729.8m to €693.8m. Now expected to report a loss of €0.79 per share instead of €0.14 per share profit previously forecast. Luxury industry in France expected to see average net income growth of 5.7% next year. Consensus price target down from €14.70 to €14.00. Share price was steady at €13.00 over the past week. Upcoming Dividend • Nov 25
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 02 December 2022. Payment date: 06 December 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of French dividend payers (5.8%). Lower than average of industry peers (1.5%). Price Target Changed • Nov 16
Price target increased to €14.70 Up from €13.00, the current price target is provided by 1 analyst. New target price is 11% above last closing price of €13.30. Stock is down 39% over the past year. The company is forecast to post earnings per share of €0.14 next year compared to a net loss per share of €0.52 last year. Reported Earnings • Sep 09
Full year 2022 earnings released Full year 2022 results: Revenue: €719.0m (down 5.9% from FY 2021). Net loss: €5.80m (down 136% from profit in FY 2021). Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Luxury industry in France. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €10.20, the stock trades at a forward P/E ratio of 87x. Average forward P/E is 28x in the Luxury industry in France. Total loss to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €10.25, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 29x in the Luxury industry in France. Total loss to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €10.60, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 28x in the Luxury industry in France. Total loss to shareholders of 32% over the past three years. Price Target Changed • Apr 27
Price target decreased to €18.00 Down from €21.50, the current price target is provided by 1 analyst. New target price is 31% above last closing price of €13.75. Stock is down 36% over the past year. The company is forecast to post earnings per share of €1.07 for next year compared to €1.74 last year. Major Estimate Revision • Mar 16
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €764.2m to €773.2m. EPS estimate fell from €1.28 to €1.07 per share. Net income forecast to shrink 6.1% next year vs 11% growth forecast for Luxury industry in France . Consensus price target down from €21.50 to €18.00. Share price rose 4.4% to €16.50 over the past week. Reported Earnings • Mar 11
First half 2022 earnings: Revenues in line with analyst expectations First half 2022 results: Revenue: €401.7m (flat on 1H 2021). Net income: €9.30m (down 16% from 1H 2021). Profit margin: 2.3% (down from 2.7% in 1H 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 3.0%, compared to a 14% growth forecast for the industry in France. Price Target Changed • Mar 10
Price target decreased to €18.00 Down from €23.00, the current price target is provided by 1 analyst. New target price is 15% above last closing price of €15.60. Stock is down 15% over the past year. The company is forecast to post earnings per share of €1.28 for next year compared to €1.74 last year. Major Estimate Revision • Jan 22
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €1.45 to €1.28. Revenue forecast unchanged from €764.2m at last update. Net income forecast to shrink 12% next year vs 10% growth forecast for Luxury industry in France . Consensus price target down from €23.00 to €21.50. Share price fell 6.3% to €19.50 over the past week. Price Target Changed • Jan 21
Price target decreased to €21.50 Down from €24.00, the current price target is provided by 1 analyst. New target price is 10% above last closing price of €19.50. Stock is up 39% over the past year. The company is forecast to post earnings per share of €1.45 for next year compared to €1.74 last year. Upcoming Dividend • Nov 19
Upcoming dividend of €0.40 per share Eligible shareholders must have bought the stock before 26 November 2021. Payment date: 30 November 2021. Trailing yield: 1.9%. Lower than top quartile of French dividend payers (3.9%). Higher than average of industry peers (0.8%). Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improved over the past week After last week's 16% share price gain to €22.40, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 26x in the Luxury industry in France. Negligible returns to shareholders over past three years. Reported Earnings • Sep 10
Full year 2021 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: €764.2m (up 11% from FY 2020). Net income: €16.3m (up €75.7m from FY 2020). Profit margin: 2.1% (up from net loss in FY 2020). Is New 90 Day High Low • Mar 09
New 90-day high: €18.40 The company is up 67% from its price of €11.00 on 09 December 2020. The French market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 7.0% over the same period. Is New 90 Day High Low • Feb 10
New 90-day high: €16.90 The company is up 91% from its price of €8.85 on 11 November 2020. The French market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 7.0% over the same period. Is New 90 Day High Low • Jan 22
New 90-day high: €14.00 The company is up 61% from its price of €8.70 on 23 October 2020. The French market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 12% over the same period. Price Target Changed • Jan 22
Price target raised to €15.40 Up from €11.50, the current price target is provided by 1 analyst. The new target price is 10% above the current share price of €14.00. As of last close, the stock is down 6.7% over the past year. Is New 90 Day High Low • Dec 28
New 90-day high: €11.70 The company is up 16% from its price of €10.10 on 29 September 2020. The French market is up 14% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Luxury industry, which is also up 16% over the same period. Is New 90 Day High Low • Nov 04
New 90-day low: €8.05 The company is down 28% from its price of €11.20 on 05 August 2020. The French market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 8.0% over the same period. Is New 90 Day High Low • Oct 16
New 90-day low: €9.90 The company is down 14% from its price of €11.50 on 17 July 2020. The French market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 1.0% over the same period. Reported Earnings • Sep 27
Full year earnings released Over the last 12 months the company has reported total losses of €59.4m, with losses widening by 78% from the prior year. Total revenue was €686.2m over the last 12 months, down 4.7% from the prior year. Announcement • Sep 06
Damartex to Report Fiscal Year 2020 Results on Sep 17, 2020 Damartex announced that they will report fiscal year 2020 results on Sep 17, 2020