Price Target Changed • Mar 09
Price target decreased by 38% to €3.35 Down from €5.37, the current price target is an average from 2 analysts. New target price is 40% above last closing price of €2.40. Stock is down 57% over the past year. The company posted a net loss per share of €0.45 last year. New Risk • Mar 08
New major risk - Revenue and earnings growth Earnings have declined by 67% 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 Risk Earnings have declined by 67% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (€13.9m market cap, or US$16.1m). Price Target Changed • Mar 06
Price target decreased by 7.9% to €5.03 Down from €5.47, the current price target is an average from 3 analysts. New target price is 110% above last closing price of €2.40. Stock is down 57% over the past year. The company posted a net loss per share of €0.45 last year. Announcement • Feb 24
Obiz S.A., Annual General Meeting, Mar 31, 2026 Obiz S.A., Annual General Meeting, Mar 31, 2026. Location: 41 quai fulchiron, lyon France New Risk • Feb 09
New major risk - Revenue and earnings growth Earnings have declined by 67% 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 Risk Earnings have declined by 67% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (€13.7m market cap, or US$16.3m). Reported Earnings • Oct 12
First half 2025 earnings released First half 2025 results: Revenue: €57.9m (down 2.0% from 1H 2024). Net loss: €1.64m (loss widened 223% from 1H 2024). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Media industry in France. New Risk • Oct 08
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 10% 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 (10% average weekly change). Market cap is less than US$100m (€14.6m market cap, or US$16.9m). Price Target Changed • Oct 08
Price target decreased by 20% to €5.47 Down from €6.80, the current price target is an average from 3 analysts. New target price is 117% above last closing price of €2.52. Stock is down 55% over the past year. The company is forecast to post earnings per share of €0.09 next year compared to a net loss per share of €0.45 last year. Price Target Changed • Sep 03
Price target decreased by 9.3% to €6.47 Down from €7.13, the current price target is an average from 3 analysts. New target price is 76% above last closing price of €3.67. Stock is down 38% over the past year. The company is forecast to post earnings per share of €0.054 next year compared to a net loss per share of €0.45 last year. Announcement • May 20
Obiz S.A., Annual General Meeting, Jun 23, 2025 Obiz S.A., Annual General Meeting, Jun 23, 2025. Location: 41 quai fulchiron, lyon France Price Target Changed • May 19
Price target decreased by 8.9% to €6.80 Down from €7.47, the current price target is an average from 3 analysts. New target price is 67% above last closing price of €4.08. Stock is down 33% over the past year. The company is forecast to post earnings per share of €0.07 next year compared to a net loss per share of €0.45 last year. Price Target Changed • Jan 30
Price target decreased by 8.9% to €9.90 Down from €10.87, the current price target is an average from 3 analysts. New target price is 90% above last closing price of €5.20. Stock is down 20% over the past year. The company is forecast to post earnings per share of €0.15 for next year compared to €0.022 last year. Major Estimate Revision • Oct 17
Consensus EPS estimates fall by 11%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from €126.1m to €127.8m. EPS estimate fell from €0.259 to €0.231 per share. Net income forecast to grow 1,150% next year vs 22% growth forecast for Media industry in France. Consensus price target reaffirmed at €10.87. Share price fell 3.2% to €5.46 over the past week. Buy Or Sell Opportunity • Jul 30
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to €6.70. The fair value is estimated to be €5.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Earnings per share has grown by 55%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings are also forecast to grow by 58% per annum over the same time period. Announcement • May 12
Obiz S.A., Annual General Meeting, Jun 13, 2024 Obiz S.A., Annual General Meeting, Jun 13, 2024. Location: 41 quai fulchiron, lyon France Reported Earnings • May 03
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: €0.02 (up from €0.015 in FY 2022). Revenue: €84.7m (up 108% from FY 2022). Net income: €126.1k (up 103% from FY 2022). Profit margin: 0.1% (down from 0.2% in FY 2022). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 89%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Media industry in France. Major Estimate Revision • Apr 19
Consensus EPS estimates fall by 42% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.44 to €0.255 per share. Revenue forecast steady at €121.6m. Net income forecast to grow 897% next year vs 16% growth forecast for Media industry in France. Consensus price target down from €11.50 to €10.67. Share price fell 9.9% to €5.62 over the past week. Announcement • Apr 19
Obiz S.A. (ENXTPA:ALBIZ) enters into a memorandum of understanding to acquire Ha Plus PME SAS from founding directors. Obiz S.A. (ENXTPA:ALBIZ) enters into a memorandum of understanding to acquire Ha Plus PME SAS from founding directors on April 18, 2024. For the 2023 financial year, HA PLUS PME posted a turnover of €3.4 million as well as an EBITDA of €0.8 million, representing an EBITDA margin rate greater than 20%. This acquisition would be entirely financed in cash, through non-dilutive resources. As a reminder, at the end of 2023, Obiz benefited from solid available cash flow of €9.2 million. The directors of HA PLUS PME, Anthony Streicher and Laurent Longin, would remain fully involved in the development of HA PLUS PME within the Obiz group. The signing of the final agreement could take place during the 2nd quarter of 2024. Price Target Changed • Apr 19
Price target decreased by 7.6% to €10.67 Down from €11.55, the current price target is an average from 3 analysts. New target price is 74% above last closing price of €6.12. Stock is up 4.8% over the past year. The company is forecast to post earnings per share of €0.17 for next year compared to €0.015 last year. Announcement • Mar 12
Obiz S.A. (ENXTPA:ALBIZ) acquired additional 38.7% stake in Mile Positioning Solutions, SAS. Obiz S.A. (ENXTPA:ALBIZ) acquired additional 38.7% stake in Mile Positioning Solutions, SAS on March 11, 2024. Obiz has increased its stake from 12.3% to 51% in Mile. Obiz S.A. (ENXTPA:ALBIZ) completed the acquisition of additional 38.7% stake in Mile Positioning Solutions, SAS on March 11, 2024. Major Estimate Revision • Nov 16
Consensus EPS estimates fall by 26%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €75.7m to €81.0m. EPS estimate fell from €0.215 to €0.16 per share. Net income forecast to grow 1,159% next year vs 18% growth forecast for Media industry in France. Consensus price target of €11.50 unchanged from last update. Share price fell 3.2% to €5.50 over the past week. Reported Earnings • Oct 13
First half 2023 earnings released: EPS: €0.002 (vs €0.01 loss in 1H 2022) First half 2023 results: EPS: €0.002 (up from €0.01 loss in 1H 2022). Revenue: €19.6m (up 19% from 1H 2022). Net income: €13.0k (up €58.0k from 1H 2022). Profit margin: 0.1% (up from net loss in 1H 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Media industry in France. New Risk • Jul 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 38% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (38% increase in shares outstanding). Market cap is less than US$100m (€36.1m market cap, or US$39.7m). Price Target Changed • Jul 25
Price target increased by 11% to €11.55 Up from €10.40, the current price target is provided by 1 analyst. New target price is 86% above last closing price of €6.22. Stock is down 8.0% over the past year. The company is forecast to post earnings per share of €0.24 for next year compared to €0.015 last year. Announcement • Jul 01
Obiz S.A. (ENXTPA:ALBIZ) acquired Ski Loisirs Diffusion. Obiz S.A. (ENXTPA:ALBIZ) agreed to acquire Ski Loisirs Diffusion on March 27, 2023. The signing of the final definitive agreement could take place during the second quarter of 2023.As on June 23, 2023, This capital increase with shareholders for maintenance of the PSR and also part of the financing of the acquisition of the Ski Loisirs.Obiz S.A. (ENXTPA:ALBIZ) completed the acquisition of Ski Loisirs Diffusion on June 29, 2023. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Isabelle Grosmaitre is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
First half 2022 earnings released: €0.01 loss per share (vs €0.04 loss in 1H 2021) First half 2022 results: €0.01 loss per share (improved from €0.04 loss in 1H 2021). Revenue: €16.3m (up 24% from 1H 2021). Net loss: €44.0k (loss narrowed 74% from 1H 2021). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Media industry in France. Major Estimate Revision • Jun 09
Consensus revenue estimates increase by 10% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from €41.2m to €45.3m. Forecast losses expected to reduce from -€0.08 to -€0.04 per share. Media industry in France expected to see average net income growth of 2.7% next year. Consensus price target up from €10.40 to €11.00. Share price rose 3.4% to €7.40 over the past week. Board Change • Apr 27
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Isabelle Grosmaitre is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 14
Obiz Enters into Exclusive Negotiations to Acquire Adelya Obiz Concept SAS (ENXTPA:ALBIZ) entered into exclusive negotiations with a view to acquisition of Adelya to reinforce the Obiz© offer and provide its future Merciz© franchisee network with a web platform dedicated to local commerce. Board Change • Dec 31
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Isabelle Grosmaitre is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. 
