New Risk • May 21
New major risk - Revenue and earnings growth Earnings have declined by 39% 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 39% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. New Risk • May 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. New Risk • Feb 23
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 6.9% 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 Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Board Change • Feb 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. Deputy CEO & Non-Independent Director Yoann Bourrelier was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Oct 08
Now 28% overvalued Over the last 90 days, the stock has fallen 5.4% to €45.60. The fair value is estimated to be €35.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. New Risk • Sep 19
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 7.5% 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 Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Buy Or Sell Opportunity • Sep 05
Now 30% overvalued Over the last 90 days, the stock has fallen 5.6% to €47.20. The fair value is estimated to be €36.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. 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. No experienced directors. 5 highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Jean Criton was the last independent director to join the board, commencing their role in 2014. 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 • May 26
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. No experienced directors. 5 highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Jean Criton was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • May 20
Bourrelier Group SA, Annual General Meeting, Jun 26, 2025 Bourrelier Group SA, Annual General Meeting, Jun 26, 2025. Location: 5 rue jean monnet, nogent sur marne France Board Change • Dec 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. No experienced directors. 5 highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Jean Criton was the last independent director to join the board, commencing their role in 2014. 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 • Oct 29
First half 2024 earnings released: EPS: €0.14 (vs €0.65 in 1H 2023) First half 2024 results: EPS: €0.14 (down from €0.65 in 1H 2023). Revenue: €152.3m (flat on 1H 2023). Net income: €1.01m (down 73% from 1H 2023). Profit margin: 0.7% (down from 2.4% in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €43.80, the stock trades at a trailing P/E ratio of 76.9x. Average trailing P/E is 11x in the Specialty Retail industry in France. Total loss to shareholders of 2.7% over the past three years. Reported Earnings • Jun 04
Full year 2023 earnings released Full year 2023 results: Revenue: €296.2m (flat on FY 2022). Net income: €3.53m (down 65% from FY 2022). Profit margin: 1.2% (down from 3.4% in FY 2022). Valuation Update With 7 Day Price Move • May 24
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to €39.60, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 15x in the Specialty Retail industry in France. Total loss to shareholders of 25% over the past year. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €55.00, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 14x in the Specialty Retail industry in France. Total loss to shareholders of 4.3% over the past year. New Risk • Jan 29
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 9.9% 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 Risk Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.4% net profit margin). New Risk • Jan 09
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: 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 (9.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.4% net profit margin). Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €51.50, the stock trades at a trailing P/E ratio of 31.9x. Average trailing P/E is 8x in the Specialty Retail industry in France. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €43.00, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 8x in the Specialty Retail industry in France. Total returns to shareholders of 13% over the past year. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €40.40, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 11x in the Specialty Retail industry in France. Total loss to shareholders of 6.0% over the past year. New Risk • Jul 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 365% 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 Risk Share price has been highly volatile over the past 3 months (22% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.4% net profit margin). Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €43.00, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 11x in the Specialty Retail industry in France. Total loss to shareholders of 13% over the past year. Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €46.20, the stock trades at a trailing P/E ratio of 28.8x. Average trailing P/E is 11x in the Specialty Retail industry in France. Total returns to shareholders of 13% over the past year. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to €57.50, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 11x in the Specialty Retail industry in France. Total returns to shareholders of 19% over the past year. Board Change • Mar 30
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. 1 independent director (4 non-independent directors). Independent Director Jean Criton was the last independent director to join the board, commencing their role in 2014. 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 • Jan 23
Investor sentiment improved over the past week After last week's 15% share price gain to €47.80, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 8x in the Specialty Retail industry in France. Total returns to shareholders of 2.1% over the past three years. Board Change • Jan 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. 1 experienced director. 4 highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Jean Criton was the last independent director to join the board, commencing their role in 2014. 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 • Dec 12
Investor sentiment improved over the past week After last week's 20% share price gain to €47.00, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 8x in the Specialty Retail industry in France. Total loss to shareholders of 2.1% over the past three years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 18% share price gain to €45.00, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 8x in the Specialty Retail industry in France. Negligible returns to shareholders over past three years. Board Change • Nov 21
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. 1 independent director (4 non-independent directors). Independent Director Jean Criton was the last independent director to join the board, commencing their role in 2014. 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 • Oct 24
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. 1 independent director (4 non-independent directors). Independent Director Jean Criton was the last independent director to join the board, commencing their role in 2014. 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 • Sep 07
Full year 2021 earnings released: EPS: €3.57 (vs €2.21 in FY 2020) Full year 2021 results: EPS: €3.57 (up from €2.21 in FY 2020). Revenue: €295.8m (up 4.3% from FY 2020). Net income: €22.2m (up 62% from FY 2020). Profit margin: 7.5% (up from 4.8% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Board Change • Sep 07
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. 1 independent director (4 non-independent directors). Independent Director Jean Criton was the last independent director to join the board, commencing their role in 2014. 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 • Jul 12
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. 1 independent director (4 non-independent directors). Independent Director Jean Criton was the last independent director to join the board, commencing their role in 2014. 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 • Jun 17
Investor sentiment improved over the past week After last week's 16% share price gain to €43.00, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 8x in the Specialty Retail industry in France. Total returns to shareholders of 3.5% over the past three years. Reported Earnings • Jun 10
Full year 2021 earnings released Full year 2021 results: Revenue: €297.2m (up 4.7% from FY 2020). Net income: €22.2m (up 62% from FY 2020). Profit margin: 7.5% (up from 4.8% in FY 2020). The increase in margin was driven by higher revenue. Board Change • Jun 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. 4 experienced directors. 1 highly experienced director. 1 independent director (4 non-independent directors). Independent Director Jean Criton was the last independent director to join the board, commencing their role in 2014. 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 • May 11
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €41.00, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 10x in the Specialty Retail industry in France. Total loss to shareholders of 15% over the past three years. Board Change • Apr 28
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. 4 experienced directors. 1 highly experienced director. 1 independent director (4 non-independent directors). Independent Director Jean Criton was the last independent director to join the board, commencing their role in 2014. 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 • Apr 04
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. 4 experienced directors. 1 highly experienced director. 1 independent director (4 non-independent directors). Independent Director Jean Criton was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Mar 08
Now 32% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be €65.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% per annum over the last 3 years. The company has become profitable over the last year. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improved over the past week After last week's 40% share price gain to €56.50, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 9x in the Specialty Retail industry in France. Total returns to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improved over the past week After last week's 19% share price gain to €48.00, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 8x in the Specialty Retail industry in France. Total returns to shareholders of 10% over the past three years. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €40.20, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 8x in the Specialty Retail industry in France. Total loss to shareholders of 7.6% over the past three years. Board Change • Jan 26
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. 4 experienced directors. 1 highly experienced director. 1 independent director (4 non-independent directors). Independent Director Jean Criton was the last independent director to join the board, commencing their role in 2014. 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 • Jan 06
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €39.80, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 9x in the Specialty Retail industry in France. Total loss to shareholders of 2.3% over the past three years. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improved over the past week After last week's 24% share price gain to €48.00, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 8x in the Specialty Retail industry in France. Total returns to shareholders of 1.1% over the past three years. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €38.60, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 8x in the Specialty Retail industry in France. Total loss to shareholders of 23% over the past three years. Board Change • Nov 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. 5 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Jean Criton was the last independent director to join the board, commencing their role in 2014. 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 • Oct 21
First half 2021 earnings released: EPS €2.22 (vs €1.58 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €151.3m (up 14% from 1H 2020). Net income: €13.9m (up 41% from 1H 2020). Profit margin: 9.2% (up from 7.4% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improved over the past week After last week's 19% share price gain to €53.50, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 14x in the Specialty Retail industry in France. Total loss to shareholders of 18% over the past three years. Recent Insider Transactions • Jul 15
Chairman & CEO recently bought €37m worth of stock On the 7th of July, Jean-Claude Bourrelier bought around 704k shares on-market at roughly €52.50 per share. This was the largest purchase by an insider in the last 3 months. Jean-Claude has been a buyer over the last 12 months, purchasing a net total of €38m worth in shares. Recent Insider Transactions • Jul 01
Chairman & CEO recently bought €752k worth of stock On the 25th of June, Jean-Claude Bourrelier bought around 14k shares on-market at roughly €52.50 per share. This was the largest purchase by an insider in the last 3 months. This was Jean-Claude's only on-market trade for the last 12 months.