Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to €3.80, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 15x in the Hospitality industry in France. Total returns to shareholders of 1.6% over the past three years. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €3.16, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 14x in the Hospitality industry in France. Total loss to shareholders of 9.7% over the past three years. New Risk • Apr 07
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 11% 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 Latest financial reports are more than 1 year old (reported December 2024 fiscal period end). Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (€6.10m market cap, or US$7.07m). Minor Risks High level of debt (111% net debt to equity). Large one-off items impacting financial results. New Risk • Mar 11
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2024. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2024 fiscal period end). Market cap is less than US$10m (€6.13m market cap, or US$7.10m). Minor Risks High level of debt (111% net debt to equity). Share price has been volatile over the past 3 months (9.1% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €4.14, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 16x in the Hospitality industry in France. Total returns to shareholders of 3.5% over the past three years. New Risk • Dec 29
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 9.9% 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 (9.9% average weekly change). Market cap is less than US$10m (€6.13m market cap, or US$7.21m). Minor Risks High level of debt (111% net debt to equity). Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Large one-off items impacting financial results. New Risk • Sep 26
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: Major Risk Market cap is less than US$10m (€5.63m market cap, or US$6.59m). Minor Risks High level of debt (111% net debt to equity). Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Announcement • Aug 21
Bernard Loiseau S.A., Annual General Meeting, Sep 29, 2025 Bernard Loiseau S.A., Annual General Meeting, Sep 29, 2025. Location: 2 avenue bernard loiseau, saulieu France Announcement • Apr 10
Bernard Loiseau S.A., Annual General Meeting, Apr 17, 2025 Bernard Loiseau S.A., Annual General Meeting, Apr 17, 2025. Location: 2 avenue bernard loiseau, saulieu France Board Change • Mar 21
Insufficient new directors 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. 5 highly experienced directors. Independent Director Herve Fleury was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 18
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Market cap is less than US$10m (€5.59m market cap, or US$6.12m). Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €3.60, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 14x in the Hospitality industry in France. Total returns to shareholders of 3.4% over the past three years. Reported Earnings • Sep 26
First half 2024 earnings released: EPS: €0.76 (vs €0.34 loss in 1H 2023) First half 2024 results: EPS: €0.76 (up from €0.34 loss in 1H 2023). Revenue: €3.59m (down 4.0% from 1H 2023). Net income: €1.38m (up €2.00m from 1H 2023). Profit margin: 39% (up from net loss in 1H 2023). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €3.48, the stock trades at a trailing P/E ratio of 46.9x. Average trailing P/E is 15x in the Hospitality industry in France. Total returns to shareholders of 8.1% over the past three years. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €3.02, the stock trades at a trailing P/E ratio of 40.7x. Average trailing P/E is 14x in the Hospitality industry in France. Total loss to shareholders of 5.6% over the past three years. Valuation Update With 7 Day Price Move • May 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €3.20, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 18x in the Hospitality industry in France. Total loss to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €3.78, the stock trades at a trailing P/E ratio of 50.9x. Average trailing P/E is 17x in the Hospitality industry in France. Total returns to shareholders of 5.6% over the past three years. Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: €0.074 (vs €0.45 loss in FY 2022) Full year 2023 results: EPS: €0.074 (up from €0.45 loss in FY 2022). Revenue: €8.85m (up 9.6% from FY 2022). Net income: €134.0k (up €957.0k from FY 2022). Profit margin: 1.5% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 26
Full year 2022 earnings released: €0.45 loss per share (vs €0.18 profit in FY 2021) Full year 2022 results: €0.45 loss per share (down from €0.18 profit in FY 2021). Revenue: €8.23m (up 32% from FY 2021). Net loss: €823.0k (down 353% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €3.70, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 13x in the Hospitality industry in France. Total returns to shareholders of 23% over the past three years. Announcement • Feb 08
Bernard Loiseau S.A. (ENXTPA:ALDBL) acquired Hostellerie de la Tour d'Auxois. Bernard Loiseau S.A. (ENXTPA:ALDBL) acquired Hostellerie de la Tour d'Auxois on February 7, 2023.Bernard Loiseau S.A. (ENXTPA:ALDBL) completed the acquisition of Hostellerie de la Tour d'Auxois on February 7, 2023. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €3.30, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 14x in the Hospitality industry in France. Total loss to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €3.52, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 14x in the Hospitality industry in France. Total loss to shareholders of 1.1% over the past three years. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improved over the past week After last week's 31% share price gain to €4.50, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 15x in the Hospitality industry in France. Total returns to shareholders of 29% over the past three years. Reported Earnings • Jul 26
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up €988.0k from 1H 2021). Profit margin: (up from net loss in 1H 2021). Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment deteriorated over the past week After last week's 22% share price decline to €3.12, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 22x in the Hospitality industry in France. Total loss to shareholders of 5.5% over the past three years. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 25% share price gain to €4.00, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 24x in the Hospitality industry in France. Total returns to shareholders of 25% over the past three years. Board Change • Jul 28
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Independent Director Blanche Loiseau was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Is New 90 Day High Low • Mar 10
New 90-day high: €3.00 The company is up 17% from its price of €2.56 on 10 December 2020. The French market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 12% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: €2.54 The company is down 7.0% from its price of €2.74 on 31 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 Hospitality industry, which is down 2.0% over the same period. Is New 90 Day High Low • Oct 02
New 90-day low: €2.66 The company is down 3.0% from its price of €2.74 on 03 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 Hospitality industry, which is down 1.0% over the same period.