New Risk • Jun 25
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.1x 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 (0.1x net interest cover). Earnings have declined by 0.7% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€85.4m market cap, or US$97.0m). New Risk • Jun 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €85.4m (US$98.2m) 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.7% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€85.4m market cap, or US$98.2m). Buy Or Sell Opportunity • May 28
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 4.7% to €9.00. The fair value is estimated to be €7.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 96%. Announcement • May 27
Foncière Volta, Annual General Meeting, Jun 30, 2026 Foncière Volta, Annual General Meeting, Jun 30, 2026. Location: 152 avenue de malakoff, paris France Board Change • Apr 08
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. 2 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Charlotte Zweibaum was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Mar 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €84.9m (US$98.5m) 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 30% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€84.9m market cap, or US$98.5m). Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €9.40, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 15x in the Real Estate industry in France. Total returns to shareholders of 13% over the past three years. New Risk • Jan 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €84.4m (US$98.6m) 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Earnings have declined by 30% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€84.4m market cap, or US$98.6m). New Risk • Dec 04
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.1x 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 (2.1x net interest cover). Earnings have declined by 30% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. New Risk • Nov 16
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 Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings have declined by 60% per year over the past 5 years. Minor Risks 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 (7.9% average weekly change). Large one-off items impacting financial results. Board Change • Sep 11
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. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Charlotte Zweibaum was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Aug 01
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. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Charlotte Zweibaum was the last independent director to join the board, commencing their role in 2018. 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 • Jul 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €9.30, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 17x in the Real Estate industry in France. Total returns to shareholders of 33% over the past three years. New Risk • Jul 04
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 7.8% 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: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings have declined by 60% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Large one-off items impacting financial results. New Risk • Jul 03
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €81.2m (US$95.4m) 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings have declined by 60% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€81.2m market cap, or US$95.4m). Board Change • Jul 01
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. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Charlotte Zweibaum was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jun 05
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. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Charlotte Zweibaum was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • May 21
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings have declined by 60% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Board Change • May 19
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. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Charlotte Zweibaum was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buy Or Sell Opportunity • Feb 25
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to €9.50. The fair value is estimated to be €7.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 34% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Nov 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 Debt is not well covered by operating cash flow (1.7% operating cash flow to total debt). Earnings have declined by 56% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (7.2% average weekly change). Revenue is less than US$5m (€4.2m revenue, or US$4.4m). Market cap is less than US$100m (€77.0m market cap, or US$81.0m). Buy Or Sell Opportunity • Oct 22
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at €6.65. The fair value is estimated to be €8.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 38% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Oct 03
Now 20% undervalued Over the last 90 days, the stock has risen 1.5% to €6.65. The fair value is estimated to be €8.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 38% over the last 3 years. Meanwhile, the company became loss making. New Risk • Jun 12
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 6.5% 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 56% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.5% average weekly change). Revenue is less than US$5m (€4.2m revenue, or US$4.5m). Market cap is less than US$100m (€73.3m market cap, or US$78.8m). Announcement • May 15
Foncière Volta, Annual General Meeting, Jun 20, 2024 Foncière Volta, Annual General Meeting, Jun 20, 2024. Location: 152 avenue de malakoff, paris France Reported Earnings • May 01
Full year 2023 earnings released Full year 2023 results: Net loss: €6.25m (down 374% from profit in FY 2022). New Risk • Apr 02
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 9.4% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.4% average weekly change). Earnings have declined by 36% per year over the past 5 years. Minor Risks Revenue is less than US$5m (€3.2m revenue, or US$3.4m). Market cap is less than US$100m (€73.8m market cap, or US$79.3m). New Risk • Jan 31
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 8.8% 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 36% per year over the past 5 years. Earnings have declined by 36% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Revenue is less than US$5m (€3.2m revenue, or US$3.4m). Revenue is less than US$5m (€3.2m revenue, or US$3.4m). Market cap is less than US$100m (€82.8m market cap, or US$89.7m). Market cap is less than US$100m (€82.8m market cap, or US$89.7m). New Risk • Nov 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 12% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (9.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€72.8m market cap, or US$78.8m). Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €6.80, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 15x in the Real Estate industry in France. Total returns to shareholders of 7.4% over the past three years. Board Change • Jan 19
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Independent Director Charlotte Zweibaum was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 19
First half 2022 earnings released: EPS: €0.68 (vs €0.40 in 1H 2021) First half 2022 results: EPS: €0.68 (up from €0.40 in 1H 2021). Revenue: €3.61m (down 38% from 1H 2021). Net income: €7.61m (up 72% from 1H 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. 2 independent directors (9 non-independent directors). Independent Director Charlotte Zweibaum was the last independent director to join the board, commencing their role in 2018. 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 • Oct 14
Investor sentiment improved over the past week After last week's 16% share price gain to €8.40, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 13x in the Real Estate industry in France. Total returns to shareholders of 33% over the past three years. Upcoming Dividend • Sep 15
Inaugural dividend of €0.54 per share Eligible shareholders must have bought the stock before 22 September 2022. Payment date: 26 September 2022. This is the first dividend for Foncière Volta since going public. The average dividend yield among industry peers is 6.5%. Board Change • Jul 21
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. 10 experienced directors. No highly experienced directors. No independent directors (10 non-independent directors). Chairman of the Board Jean-Daniel Cohen was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • May 02
Full year 2021 earnings released: EPS: €0.40 (vs €1.02 in FY 2020) Full year 2021 results: EPS: €0.40 (down from €1.02 in FY 2020). Revenue: €8.23m (down 50% from FY 2020). Net income: €4.19m (down 63% from FY 2020). Profit margin: 51% (down from 68% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. 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. 10 experienced directors. No highly experienced directors. No independent directors (10 non-independent directors). Chairman of the Board Jean-Daniel Cohen was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Feb 16
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. No independent directors (10 non-independent directors). Chairman of the Board Jean-Daniel Cohen was the last director to join the board, commencing their role in 2019. 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 • Jan 19
Investor sentiment improved over the past week After last week's 19% share price gain to €7.40, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 12x in the Real Estate industry in France. Total returns to shareholders of 86% over the past three years. Board Change • Nov 09
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. No independent directors (10 non-independent directors). Chairman of the Board Jean-Daniel Cohen was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • May 06
Full year 2020 earnings released Full year 2020 results: Net income: €11.2m (down 74% from FY 2019). Is New 90 Day High Low • Feb 05
New 90-day high: €7.40 The company is up 17% from its price of €6.35 on 03 November 2020. The French market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Real Estate industry, which is up 21% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: €6.80 The company is up 5.0% from its price of €6.50 on 07 October 2020. The French market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 11% over the same period.