New Risk • Jul 08
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.7% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.7% operating cash flow to total debt). Earnings have declined by 67% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€28.3m market cap, or US$32.3m). Announcement • Feb 14
Hunyvers SA, Annual General Meeting, Feb 27, 2026 Hunyvers SA, Annual General Meeting, Feb 27, 2026. Location: 19 rue jules noriac, limoges France Reported Earnings • Dec 26
Full year 2025 earnings released: €0.19 loss per share (vs €0.48 profit in FY 2024) Full year 2025 results: €0.19 loss per share (down from €0.48 profit in FY 2024). Revenue: €123.8m (down 5.1% from FY 2024). Net loss: €751.6k (down 141% from profit in FY 2024). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Specialty Retail industry in France. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. New Risk • Jul 16
New major risk - Revenue and earnings growth Earnings have declined by 1.8% 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 Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings have declined by 1.8% 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 (0.3% net profit margin). Market cap is less than US$100m (€33.9m market cap, or US$39.4m). New Risk • Jul 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Latest financial reports are more than 6 months old (reported August 2024 fiscal period end). Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (€33.9m market cap, or US$39.7m). Price Target Changed • Feb 17
Price target decreased by 19% to €15.00 Down from €18.50, the current price target is provided by 1 analyst. New target price is 55% above last closing price of €9.70. Stock is down 28% over the past year. The company posted earnings per share of €0.48 last year. Announcement • Jan 09
Hunyvers SA, Annual General Meeting, Feb 14, 2025 Hunyvers SA, Annual General Meeting, Feb 14, 2025. Location: 19 rue jules noriac, limoges France Reported Earnings • Dec 27
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: €0.48 (down from €1.02 in FY 2023). Revenue: €131.5m (up 17% from FY 2023). Net income: €1.84m (down 54% from FY 2023). Profit margin: 1.4% (down from 3.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 41%. New Risk • Dec 26
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended August 2023. 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 Risks Latest financial reports are more than 1 year old (reported August 2023 fiscal period end). Debt is not well covered by operating cash flow (2.6% operating cash flow to total debt). Minor Risk Market cap is less than US$100m (€36.5m market cap, or US$38.0m). New Risk • Jul 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 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 Debt is not well covered by operating cash flow (2.6% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported August 2023 fiscal period end). Market cap is less than US$100m (€43.3m market cap, or US$47.2m). Reported Earnings • Dec 27
Full year 2023 earnings released Full year 2023 results: Revenue: €113.5m (up 16% from FY 2022). Net income: €3.96m (down 11% from FY 2022). Profit margin: 3.5% (down from 4.5% in FY 2022). The decrease in margin was driven by higher expenses. New Risk • Dec 24
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended August 2022. 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 Risks Latest financial reports are more than 1 year old (reported August 2022 fiscal period end). High level of non-cash earnings (23% accrual ratio). Minor Risk Market cap is less than US$100m (€54.1m market cap, or US$59.6m). New Risk • Jun 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 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 Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported August 2022 fiscal period end). Shareholders have been diluted in the past year (3.9% increase in shares outstanding). Market cap is less than US$100m (€60.3m market cap, or US$65.7m). Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €15.25, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Specialty Retail industry in France. Total returns to shareholders of 27% over the past year. Announcement • May 26
Hunyvers SA (ENXTPA:ALHUN) acquired Sas Groupe Nautic. Hunyvers SA (ENXTPA:ALHUN) acquired Sas Groupe Nautic in September 2020.Hunyvers SA (ENXTPA:ALHUN) completed the acqusition of Sas Groupe Nautic in September 2020. Reported Earnings • Dec 27
Full year 2022 earnings: Revenues in line with analyst expectations Full year 2022 results: Revenue: €97.6m (up 51% from FY 2021). Net income: €4.43m (up 92% from FY 2021). Profit margin: 4.5% (up from 3.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Director Olivier Nachba is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.