New Risk • Jun 21
New major risk - Revenue and earnings growth Earnings have declined by 15% 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 15% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.01% net profit margin). Market cap is less than US$100m (€15.1m market cap, or US$17.3m). Announcement • May 15
Artmarket.com, Annual General Meeting, Jun 29, 2026 Artmarket.com, Annual General Meeting, Jun 29, 2026. Location: domaine de la source, st romain au mont d or France New Risk • May 03
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 Risk Latest financial reports are more than 1 year old (reported December 2024 fiscal period end). Minor Risk Market cap is less than US$100m (€19.8m market cap, or US$23.2m). New Risk • Nov 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 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 Earnings have declined by 6.9% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (€26.4m market cap, or US$30.6m). Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €4.79, the stock trades at a trailing P/E ratio of 50.2x. Average trailing P/E is 30x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to €5.38, the stock trades at a trailing P/E ratio of 56.4x. Average trailing P/E is 33x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 25% over the past three years. Announcement • May 20
Artmarket.com, Annual General Meeting, Jun 27, 2025 Artmarket.com, Annual General Meeting, Jun 27, 2025. Location: domaine de la source, saint romain au mont d or France New Risk • May 13
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 4.6% 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 (4.6% average weekly change). Earnings have declined by 6.9% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€20.9m market cap, or US$23.2m). Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to €4.46, the stock trades at a trailing P/E ratio of 46.7x. Average trailing P/E is 28x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 46% over the past three years. Reported Earnings • May 05
Full year 2024 earnings released: EPS: €0.095 (vs €0.13 in FY 2023) Full year 2024 results: EPS: €0.095 (down from €0.13 in FY 2023). Revenue: €8.36m (up 1.8% from FY 2023). Net income: €635.0k (down 25% from FY 2023). Profit margin: 7.6% (down from 10% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. 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: Major Risk Earnings have declined by 5.2% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (€21.8m market cap, or US$24.7m). Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €4.12, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 15x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 69% over the past three years. Reported Earnings • Oct 03
First half 2024 earnings released: EPS: €0.051 (vs €0.05 in 1H 2023) First half 2024 results: EPS: €0.051 (up from €0.05 in 1H 2023). Revenue: €4.17m (up 2.6% from 1H 2023). Net income: €340.0k (up 3.0% from 1H 2023). Profit margin: 8.2% (up from 8.1% in 1H 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 9% per year. New Risk • Sep 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (€29.9m market cap, or US$33.2m). Announcement • May 12
Artmarket.com, Annual General Meeting, Jun 21, 2024 Artmarket.com, Annual General Meeting, Jun 21, 2024. Location: domaine de la source, saint romain au mont d or France Reported Earnings • May 05
Full year 2023 earnings released: EPS: €0.13 (vs €0.13 in FY 2022) Full year 2023 results: EPS: €0.13 (up from €0.13 in FY 2022). Revenue: €8.21m (up 4.9% from FY 2022). Net income: €844.0k (flat on FY 2022). Profit margin: 10% (in line with FY 2022). 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 07
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 Risk Earnings have declined by 2.2% 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 (8.5% average weekly change). Profit margins are more than 30% lower than last year (7.7% net profit margin). Market cap is less than US$100m (€29.7m market cap, or US$32.2m). Reported Earnings • Sep 24
First half 2023 earnings released: EPS: €0.05 (vs €0.083 in 1H 2022) First half 2023 results: EPS: €0.05 (down from €0.083 in 1H 2022). Revenue: €4.06m (up 6.0% from 1H 2022). Net income: €330.0k (down 40% from 1H 2022). Profit margin: 8.1% (down from 14% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year and the company’s share price has also fallen by 8% per year. New Risk • Sep 19
New major risk - Revenue and earnings growth Earnings have declined by 2.2% 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 2.2% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (7.7% net profit margin). Market cap is less than US$100m (€42.9m market cap, or US$45.8m). Reported Earnings • Apr 27
Full year 2022 earnings released: EPS: €0.13 (vs €0.14 in FY 2021) Full year 2022 results: EPS: €0.13 (down from €0.14 in FY 2021). Revenue: €7.82m (up 1.0% from FY 2021). Net income: €841.0k (down 9.3% from FY 2021). Profit margin: 11% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improved over the past week After last week's 20% share price gain to €8.40, the stock trades at a trailing P/E ratio of 58.3x. Average trailing P/E is 30x in the Interactive Media and Services industry in France. Total loss to shareholders of 4.4% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Valérie Dufour was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 18% share price gain to €7.15, the stock trades at a trailing P/E ratio of 49.6x. Average trailing P/E is 24x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 22% over the past three years. Reported Earnings • Sep 30
First half 2022 earnings released: EPS: €0.083 (vs €0.079 in 1H 2021) First half 2022 results: EPS: €0.083 (up from €0.079 in 1H 2021). Revenue: €3.83m (flat on 1H 2021). Net income: €554.0k (up 5.9% from 1H 2021). Profit margin: 14% (in line with 1H 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • May 01
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: €0.14 (up from €0.12 in FY 2020). Revenue: €7.74m (flat on FY 2020). Net income: €927.0k (up 16% from FY 2020). Profit margin: 12% (up from 10% in FY 2020). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Valérie Dufour was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €6.70, the stock trades at a trailing P/E ratio of 43.3x. Average trailing P/E is 35x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 52% over the past three years. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improved over the past week After last week's 17% share price gain to €10.28, the stock trades at a trailing P/E ratio of 66.5x. Average trailing P/E is 41x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €9.55, the stock trades at a trailing P/E ratio of 61.7x. Average trailing P/E is 47x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improved over the past week After last week's 21% share price gain to €6.55, the stock trades at a trailing P/E ratio of 42.3x. Average trailing P/E is 42x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 47% over the past three years. Reported Earnings • Sep 29
First half 2021 earnings released: EPS €0.079 (vs €0.044 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €3.82m (up 9.6% from 1H 2020). Net income: €523.0k (up 79% from 1H 2020). Profit margin: 14% (up from 8.4% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 23% share price gain to €6.86, the stock trades at a trailing P/E ratio of 57.1x. Average trailing P/E is 38x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 52% over the past three years. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment improved over the past week After last week's 20% share price gain to €5.98, the stock trades at a trailing P/E ratio of 49.8x. Average trailing P/E is 38x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 60% over the past three years. Reported Earnings • May 04
Full year 2020 earnings released: EPS €0.12 (vs €0.14 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: €7.80m (down 6.7% from FY 2019). Net income: €799.0k (down 13% from FY 2019). Profit margin: 10% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 10
New 90-day low: €6.30 The company is down 6.0% from its price of €6.68 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 Interactive Media and Services industry, which is up 18% over the same period. Is New 90 Day High Low • Jan 26
New 90-day low: €6.46 The company is down 11% from its price of €7.22 on 27 October 2020. The French market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is up 12% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: €6.56 The company is down 20% from its price of €8.22 on 25 September 2020. The French market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is up 9.0% over the same period. Is New 90 Day High Low • Nov 11
New 90-day low: €6.66 The company is down 14% from its price of €7.76 on 13 August 2020. The French market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is down 5.0% over the same period. Is New 90 Day High Low • Oct 26
New 90-day low: €7.00 The company is down 12% from its price of €7.98 on 28 July 2020. The French market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is up 2.0% over the same period. Reported Earnings • Oct 03
First half earnings released Over the last 12 months the company has reported total profits of €1.02m, up 16% from the prior year. Total revenue was €8.14m over the last 12 months, up 2.0% from the prior year. Is New 90 Day High Low • Sep 29
New 90-day low: €7.20 The company is down 6.0% from its price of €7.70 on 01 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 Interactive Media and Services industry, which is up 1.0% over the same period.