New Risk • Dec 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 French stocks, typically moving 10% 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 (10% average weekly change). Negative equity (-€974k). Earnings have declined by 56% per year over the past 5 years. Market cap is less than US$10m (€7.61m market cap, or US$8.90m). Reported Earnings • Dec 17
Full year 2024 earnings released Full year 2024 results: Revenue: €13.1m (down 38% from FY 2023). Net loss: €3.52m (loss widened 358% from FY 2023). New Risk • Oct 02
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended June 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 June 2024 fiscal period end). Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Revenue has declined by 30% over the past year. Market cap is less than US$10m (€8.46m market cap, or US$9.94m). New Risk • Aug 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.53m (US$9.98m) 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 Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). Revenue has declined by 30% over the past year. Market cap is less than US$10m (€8.53m market cap, or US$9.98m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • May 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.88m (US$9.97m) 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 Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Earnings have declined by 47% per year over the past 5 years. Market cap is less than US$10m (€8.88m market cap, or US$9.97m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • Mar 21
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.24m (US$10.00m) 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 Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Earnings have declined by 47% per year over the past 5 years. Market cap is less than US$10m (€9.24m market cap, or US$10.00m). Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). New Risk • Feb 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.81m (US$9.10m) 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 Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Earnings have declined by 47% per year over the past 5 years. Market cap is less than US$10m (€8.81m market cap, or US$9.10m). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Reported Earnings • Oct 03
First half 2024 earnings released First half 2024 results: Revenue: €6.56m (down 44% from 1H 2023). Net loss: €1.94m (down €2.03m from profit in 1H 2023). New Risk • Aug 28
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 Interest payments are not well covered by earnings (0.2x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 31% per year over the past 5 years. Market cap is less than US$10m (€6.94m market cap, or US$7.76m). Reported Earnings • Jun 10
Full year 2023 earnings released Full year 2023 results: Revenue: €22.7m (up 7.7% from FY 2022). Net loss: €769.7k (down 224% from profit in FY 2022). Announcement • May 26
Augros Cosmetic Packaging SA, Annual General Meeting, Jun 26, 2024 Augros Cosmetic Packaging SA, Annual General Meeting, Jun 26, 2024. Location: 26 rue cambaceres, paris France New Risk • May 06
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: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Earnings have declined by 25% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (€9.55m market cap, or US$10.3m). New Risk • Feb 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.20m (US$9.99m) 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 Interest payments are not well covered by earnings (2.8x net interest cover). Earnings have declined by 25% per year over the past 5 years. Market cap is less than US$10m (€9.20m market cap, or US$9.99m). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €7.75, the stock trades at a trailing P/E ratio of 67.5x. Average trailing P/E is 17x in the Packaging industry in France. Total returns to shareholders of 85% over the past three years. New Risk • Oct 21
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.8x 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 (2.8x net interest cover). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 25% per year over the past 5 years. Market cap is less than US$10m (€9.41m market cap, or US$9.97m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). New Risk • Oct 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.41m (US$9.92m) 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 (13% average weekly change). Earnings have declined by 23% per year over the past 5 years. Market cap is less than US$10m (€9.41m market cap, or US$9.92m). Minor Risk High level of debt (54% net debt to equity). Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €7.90, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 16x in the Packaging industry in France. Total returns to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €7.80, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 17x in the Packaging industry in France. Total returns to shareholders of 73% over the past three years. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €6.65, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 15x in the Packaging industry in France. Total returns to shareholders of 41% over the past three years. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €8.00, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 13x in the Packaging industry in France. Total returns to shareholders of 63% over the past three years. Reported Earnings • Apr 11
Full year 2021 earnings released Full year 2021 results: Revenue: €14.9m (up 2.5% from FY 2020). Net income: €37.0k (up €707.4k from FY 2020). Profit margin: 0.2% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €3.22, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 10x in the Packaging industry in France. Total loss to shareholders of 60% over the past three years. Reported Earnings • Oct 09
First half 2021 earnings released: EPS €0.14 (vs €0.70 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €7.76m (up 8.2% from 1H 2020). Net income: €196.9k (up €1.19m from 1H 2020). Profit margin: 2.5% (up from net loss in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 26
Full year 2020 earnings released: €0.47 loss per share (vs €0.47 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: €14.6m (down 19% from FY 2019). Net loss: €670.4k (down 199% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 04
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €14.4m (down 20% from FY 2019). Net loss: €670.0k (down 199% from profit in FY 2019). Reported Earnings • Sep 26
First half earnings released Over the last 12 months the company has reported total losses of €762.3k, with earnings decreasing by €1.91m from the prior year. Total revenue was €16.2m over the last 12 months, down 8.5% from the prior year.