New Risk • 11h
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.8x 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 Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Profit margins are more than 30% lower than last year (3.3% net profit margin). Market cap is less than US$100m (€66.4m market cap, or US$77.9m). Reported Earnings • Oct 17
First half 2025 earnings released: EPS: €0.47 (vs €0.34 in 1H 2024) First half 2025 results: EPS: €0.47 (up from €0.34 in 1H 2024). Revenue: €43.5m (up 42% from 1H 2024). Net income: €2.17m (up 39% from 1H 2024). Profit margin: 5.0% (in line with 1H 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, while revenues in the Media industry in France are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Oct 14
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 123% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. New Risk • Sep 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €85.7m (US$99.8m) This is considered a minor 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €22.30, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 9x in the Media industry in France. Total loss to shareholders of 18% over the past three years. Announcement • May 06
Bilendi SA, Annual General Meeting, Jun 16, 2025 Bilendi SA, Annual General Meeting, Jun 16, 2025. Location: 4 rue de ventadour, paris France Reported Earnings • Apr 28
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: €0.98 (up from €0.61 in FY 2023). Revenue: €64.5m (up 2.9% from FY 2023). Net income: €4.46m (up 59% from FY 2023). Profit margin: 6.9% (up from 4.5% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Media industry in France. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 11% per year. New Risk • Apr 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 June 2024 fiscal period end). Market cap is less than US$100m (€85.6m market cap, or US$97.1m). Price Target Changed • Dec 23
Price target increased by 18% to €25.33 Up from €21.50, the current price target is an average from 3 analysts. New target price is 49% above last closing price of €17.00. Stock is up 13% over the past year. The company is forecast to post earnings per share of €1.32 for next year compared to €0.61 last year. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €16.55, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 9x in the Media industry in France. Total loss to shareholders of 27% over the past three years. New Risk • Dec 17
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 6.6% 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 (6.6% average weekly change). Market cap is less than US$100m (€68.9m market cap, or US$72.3m). New Risk • May 12
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: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.2% net profit margin). Market cap is less than US$100m (€75.9m market cap, or US$81.8m). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €17.60, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 11x in the Media industry in France. Total returns to shareholders of 33% over the past three years. Major Estimate Revision • Nov 10
Consensus EPS estimates fall by 33% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.715 to €0.48 per share. Revenue forecast steady at €62.7m. Net income forecast to grow 58% next year vs 18% growth forecast for Media industry in France. Consensus price target down from €24.65 to €21.55. Share price rose 6.7% to €11.76 over the past week. Reported Earnings • Oct 30
First half 2023 earnings released: €0.016 loss per share (vs €0.41 profit in 1H 2022) First half 2023 results: €0.016 loss per share (down from €0.41 profit in 1H 2022). Revenue: €29.6m (flat on 1H 2022). Net loss: €71.5k (down 104% from profit in 1H 2022). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Media industry in France. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Oct 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 6.0% 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 (6.0% average weekly change). Profit margins are more than 30% lower than last year (6.4% net profit margin). Market cap is less than US$100m (€50.1m market cap, or US$52.8m). Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €11.98, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 9x in the Media industry in France. Total returns to shareholders of 16% over the past three years. Price Target Changed • Oct 06
Price target decreased by 11% to €24.65 Down from €27.65, the current price target is an average from 2 analysts. New target price is 74% above last closing price of €14.16. Stock is down 30% over the past year. The company is forecast to post earnings per share of €0.71 for next year compared to €0.87 last year. Major Estimate Revision • Jul 27
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €65.4m to €63.8m. EPS estimate also fell from €1.21 per share to €1.04 per share. Net income forecast to grow 20% next year vs 20% growth forecast for Media industry in France. Consensus price target down from €29.25 to €26.00. Share price was steady at €17.00 over the past week. Price Target Changed • Jul 26
Price target decreased by 7.1% to €26.00 Down from €28.00, the current price target is an average from 2 analysts. New target price is 46% above last closing price of €17.80. Stock is down 34% over the past year. The company is forecast to post earnings per share of €1.21 for next year compared to €0.87 last year. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: €0.87 (vs €1.11 in FY 2021) Full year 2022 results: EPS: €0.87 (down from €1.11 in FY 2021). Revenue: €61.9m (up 41% from FY 2021). Net income: €3.91m (down 19% from FY 2021). Profit margin: 6.3% (down from 11% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Media industry in France. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 37% per year. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €17.35, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Media industry in France. Total returns to shareholders of 154% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €24.95 per share. Price Target Changed • Mar 07
Price target decreased by 13% to €28.00 Down from €32.10, the current price target is an average from 2 analysts. New target price is 59% above last closing price of €17.60. Stock is down 19% over the past year. The company is forecast to post earnings per share of €1.09 for next year compared to €1.11 last year. Buying Opportunity • Feb 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.2%. The fair value is estimated to be €25.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 31% in 2 years. Earnings is forecast to grow by 30% in the next 2 years. Buying Opportunity • Jan 25
Now 21% undervalued Over the last 90 days, the stock is up 2.3%. The fair value is estimated to be €28.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 33% in 2 years. Earnings is forecast to grow by 35% in the next 2 years. Buying Opportunity • Jan 05
Now 20% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be €29.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 33% in 2 years. Earnings is forecast to grow by 35% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 20% share price gain to €23.90, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 11x in the Media industry in France. Total returns to shareholders of 125% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €31.70 per share. Price Target Changed • Nov 16
Price target decreased to €32.10 Down from €36.50, the current price target is an average from 2 analysts. New target price is 57% above last closing price of €20.40. Stock is up 19% over the past year. The company is forecast to post earnings per share of €1.21 for next year compared to €1.11 last year. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €19.20, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 10x in the Media industry in France. Total returns to shareholders of 102% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €34.14 per share. Reported Earnings • Oct 26
First half 2022 earnings released: EPS: €0.41 (vs €0.33 in 1H 2021) First half 2022 results: EPS: €0.41 (up from €0.33 in 1H 2021). Revenue: €29.7m (up 55% from 1H 2021). Net income: €1.84m (up 30% from 1H 2021). Profit margin: 6.2% (down from 7.4% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Media industry in France. Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 34% per year. Price Target Changed • Oct 06
Price target decreased to €32.10 Down from €36.50, the current price target is an average from 2 analysts. New target price is 69% above last closing price of €19.00. Stock is up 27% over the past year. The company is forecast to post earnings per share of €1.22 for next year compared to €1.11 last year. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €20.60, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 10x in the Media industry in France. Total returns to shareholders of 110% over the past three years. Buying Opportunity • Jun 10
Now 21% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be €33.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings is also forecast to grow by 19% per annum over the same time period. Buying Opportunity • May 24
Now 20% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be €33.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings is also forecast to grow by 19% per annum over the same time period. Announcement • May 06
Bilendi SA to Report Fiscal Year 2022 Results on Mar 04, 2023 Bilendi SA announced that they will report fiscal year 2022 results on Mar 04, 2023 Buying Opportunity • May 04
Now 21% undervalued Over the last 90 days, the stock is up 19%. The fair value is estimated to be €35.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 76% in 2 years. Earnings is forecast to grow by 78% in the next 2 years. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Dec 01
Bilendi SA (ENXTPA:ALBLD) completed the acquisition of Respondi Ag. Bilendi SA (ENXTPA:ALBLD) entered into an agreement to acquire Respondi Ag for €20.5 million on November 22, 2021. As per the transaction, Bilendi SA will pay minimum price of €15.9 million, potentially increasing to €20.5 million with the addition of earn-outs, which are payable until 2024. The acquisition will be financed by a €12 million bank loan and existing cash reserves. Matthias Nordmann, Heiko Wunderlich, Alexander Möller, Matthias Orthwein, Nicole Wolf-Thomann, Angela Poschenrieder and Stefan Peintinger of SKW Schwarz Rechtsanwälte acted as legal advisors to Bilendi SA.
Bilendi SA (ENXTPA:ALBLD) completed the acquisition of Respondi Ag on November 30, 2021. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improved over the past week After last week's 15% share price gain to €20.30, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Media industry in France. Total returns to shareholders of 124% over the past three years. Announcement • Nov 24
Bilendi SA (ENXTPA:ALBLD) entered into an agreement to acquire Respondi Ag for €20.5 million. Bilendi SA (ENXTPA:ALBLD) entered into an agreement to acquire Respondi Ag for €20.5 million on November 22, 2021. As per the transaction, Bilendi SA will pay minimum price of €15.9 million, potentially increasing to €20.5 million with the addition of earn-outs, which are payable until 2024. The acquisition will be financed by a €12 million bank loan and existing cash reserves. Price Target Changed • Nov 23
Price target increased to €26.50 Up from €19.00, the current price target is an average from 2 analysts. New target price is 43% above last closing price of €18.55. Stock is up 87% over the past year. The company is forecast to post earnings per share of €0.91 for next year compared to €0.49 last year. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 15% share price gain to €17.95, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Media industry in France. Total returns to shareholders of 96% over the past three years. Price Target Changed • Nov 10
Price target increased to €20.00 Up from €18.50, the current price target is an average from 2 analysts. New target price is 21% above last closing price of €16.50. Stock is up 61% over the past year. The company is forecast to post earnings per share of €0.86 for next year compared to €0.49 last year. Major Estimate Revision • Jul 31
Consensus EPS estimates increase to €0.87 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from €38.0m to €40.9m. EPS estimate increased from €0.79 to €0.87 per share. Net income forecast to grow 83% next year vs 16% growth forecast for Media industry in France. Consensus price target up from €15.75 to €18.50. Share price rose 4.5% to €15.00 over the past week. Price Target Changed • Jul 29
Price target increased to €17.25 Up from €15.25, the current price target is an average from 2 analysts. New target price is 15% above last closing price of €15.00. Stock is up 34% over the past year. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improved over the past week After last week's 16% share price gain to €14.80, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Media industry in France. Total returns to shareholders of 16% over the past three years. Price Target Changed • Mar 30
Price target increased to €15.25 Up from €14.00, the current price target is an average from 2 analysts. New target price is 15% above last closing price of €13.30. Stock is up 90% over the past year. Price Target Changed • Mar 02
Price target raised to €14.10 Up from €13.15, the current price target is an average from 2 analysts. The new target price is 25% above the current share price of €11.30. As of last close, the stock is up 11% over the past year. Price Target Changed • Feb 23
Price target raised to €14.00 Up from €12.70, the current price target is an average from 2 analysts. The new target price is 33% above the current share price of €10.55. As of last close, the stock is up 4.5% over the past year. Major Estimate Revision • Feb 23
Analysts increase EPS estimates to €0.46 The 2020 consensus revenue estimate increased from €33.5m to €34.1m. The earnings per share estimate also received an upgrade from €0.40 to €0.46 for the same period. Net income is expected to grow by 91% next year compared to 10% decline forecast for the Media industry in France. The consensus price target increased from €12.70 to €14.00. Share price stayed mostly flat at €10.55 over the past week. Is New 90 Day High Low • Feb 11
New 90-day low: €9.60 The company is down 6.0% from its price of €10.20 on 12 November 2020. The French market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.42 per share. Is New 90 Day High Low • Oct 27
New 90-day low: €9.90 The company is down 12% from its price of €11.30 on 29 July 2020. The French market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.16 per share. Reported Earnings • Oct 24
First half earnings released Over the last 12 months the company has reported total profits of €1.22m, down 42% from the prior year. Total revenue was €32.1m over the last 12 months, up 4.6% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 24
Semi-annual earnings released: Revenue misses expectations Semi-annual revenue missed analyst estimates by 0.07% at €15.1m. Revenue is forecast to grow 6.6% over the next year, compared to a 7.6% decline forecast for the Media industry in France. Is New 90 Day High Low • Oct 12
New 90-day low: €9.98 The company is down 9.0% from its price of €10.95 on 14 July 2020. The French market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.76 per share. Major Estimate Revision • Oct 06
Analysts update estimates The 2020 consensus revenue estimate increased from €32.5m to €33.1m. Earnings per share (EPS) estimate was lowered from €0.49 to €0.37 for the same period. Net income is expected to shrink by 27% next year compared to 27% decline forecast for the Media industry in France. The consensus price target increased from €12.60 to €12.90. Share price is down by 2.3% to €10.45 over the past week. Price Target Changed • Oct 05
Price target raised to €12.90 Up from €11.90, the current price target is an average from 2 analysts. The new target price is 24% above the current share price of €10.40. As of last close, the stock is up 6.8% over the past year.