Major Estimate Revision • Jul 19
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from €103.2m to €106.4m. EPS estimate increased from €0.67 to €0.75 per share. Net income forecast to grow 814% next year vs 58% growth forecast for Communications industry in France. Consensus price target up from €15.00 to €16.00. Share price rose 3.3% to €12.70 over the past week. Board Change • Jul 01
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. 8 experienced directors. 4 highly experienced directors. Member of Strategic Advisory Board Yuval Fisher was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Apr 21
ATEME SA, Annual General Meeting, May 22, 2026 ATEME SA, Annual General Meeting, May 22, 2026. Location: 6 rue dewoitine, velizy villacoublay France New Risk • Mar 27
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.8x 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 (2.8x net interest cover). Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change). New Risk • Mar 23
New major risk - Revenue and earnings growth Earnings have declined by 47% 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 47% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Announcement • Jan 23
ATEME SA to Report First Half, 2026 Results on Sep 10, 2026 ATEME SA announced that they will report first half, 2026 results on Sep 10, 2026 Breakeven Date Change • Dec 31
Forecast breakeven date pushed back to 2026 The analyst covering ATEME previously expected the company to break even in 2025. New forecast suggests the company will make a profit of €5.70m in 2026. Average annual earnings growth of 93% is required to achieve expected profit on schedule. Announcement • Nov 25
ATEME SA to Report Fiscal Year 2025 Results on Mar 19, 2026 ATEME SA announced that they will report fiscal year 2025 results on Mar 19, 2026 New Risk • Jun 30
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 7.4% 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 (7.4% average weekly change). Market cap is less than US$100m (€53.5m market cap, or US$63.1m). Announcement • Apr 02
Ateme, Enensys and Sinclair to Demonstrate an ATSC 3.0 Station in the Cloud At NAB 2025 Achieving the critical industry goal of transitioning to ATSC 3.0 and sunsetting ATSC 1.0 will require creative and innovative solutions. The cloud era of broadcast television will make the transition of the top 55 markets by February 2028 or earlier, as well as the transition of the entire industry by February 2030 or earlier, an easily achievable goal. At NAB 2025, leading ATSC 3.0 (also known as NextGen TV) technology providers will showcase a cloud-native NextGen TV demonstration on a special broadcast channel in Las Vegas that Sinclair set up specifically to showcase what a full-spectrum NextGen TV broadcast can achieve. Ordinarily, stations transitioning to ATSC 3.,0 must replicate much of their current equipment and operations - including encoders, packagers, schedulers, and more - which must then be configured. With cloud-based broadcast, stations can acquire preconfigured broadcast air chains that will save capital investment and time - helping to speed a successful transition to ATSC 3. 0 and unlock the future of television for viewers and broadcasters. Sinclair is already running automation and playout from the cloud. Completing the broadcast chain, this demonstration will showcase a cloud-based broadcast system which includes an Ateme Titan Live encoder feeding the ENENSYS MediaCast ATSC 3.0 packager, which in turn feeds ENENSYS SmartGate ATSC 3.0 broadcastschedulers/gateways. All components are implemented in software and their instances are deployed natively within the same AWS Virtual Private Cloud (VPC) leveraging multicast capabilities and utilized natively. This demonstration highlights the significant efficiencies gained by deploying encoders in the cloud, enabling broadcasters to dynamically scale resources based on demand while reducing on-premises hardware requirements. The configuration uses a single ROUTE signaling server to feed multiple broadcast gateways, creating a streamlined workflow that optimizes infrastructure costs while maintaining broadcast-grade quality and reliability. The cloud-based system will broadcast an over-the-air lineup of channels, including 4K Advanced HDR content, Sinclair's KSNV Las Vegas station programming, popular Sinclair national diginets (Comet, CHARGE! TBD/ROAR and The Nest), and AWS' live content originating from the show floor at the Las Vegas Convention Center (LVCC). These signals will be broadcast over the air, with reception demonstrations available at the LVCC, allowing NAB Show attendees to experience firsthand the quality and capabilities of cloud-generated NextGen TV broadcasts. Reported Earnings • Mar 23
Full year 2024 earnings released Full year 2024 results: Revenue: €93.5m (down 6.5% from FY 2023). Net loss: €5.38m (loss widened 35% from FY 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Communications industry in France. Announcement • Jan 30
ATEME SA, Annual General Meeting, Jun 11, 2025 ATEME SA, Annual General Meeting, Jun 11, 2025. Major Estimate Revision • Oct 03
Consensus EPS estimates fall by 49% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€0.185 to -€0.275 per share. Revenue forecast of €101.5m unchanged since last update. Communications industry in France expected to see average net income growth of 67% next year. Consensus price target of €5.65 unchanged from last update. Share price fell 15% to €2.96 over the past week. Reported Earnings • Oct 01
First half 2024 earnings released First half 2024 results: Revenue: €40.8m (down 17% from 1H 2023). Net loss: €8.30m (loss widened 150% from 1H 2023). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Communications industry in France. Reported Earnings • May 03
Full year 2023 earnings released: €0.35 loss per share (vs €0.004 loss in FY 2022) Full year 2023 results: €0.35 loss per share (further deteriorated from €0.004 loss in FY 2022). Revenue: €100.0m (up 11% from FY 2022). Net loss: €4.00m (loss widened €3.95m from FY 2022). Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Communications industry in France. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. New Risk • Apr 30
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 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 (9.6% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€68.6m market cap, or US$73.6m). New Risk • Apr 26
New major risk - Revenue and earnings growth Earnings have declined by 42% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 42% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (€77.7m market cap, or US$83.4m). Reported Earnings • Mar 22
Full year 2023 earnings released Full year 2023 results: Revenue: €100.0m (up 10% from FY 2022). Net loss: €4.00m (loss widened €3.95m from FY 2022). Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Communications industry in France. New Risk • Feb 09
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: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (€49.3m market cap, or US$53.1m). Major Estimate Revision • Jan 28
Consensus EPS estimates fall by 342% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -€0.12 to -€0.53 per share. Revenue forecast unchanged at €100.0m. Communications industry in France expected to see average net income decline 13% next year. Consensus price target of €12.00 unchanged from last update. Share price fell 2.9% to €6.70 over the past week. Price Target Changed • Dec 21
Price target decreased by 8.4% to €12.00 Down from €13.10, the current price target is provided by 1 analyst. New target price is 74% above last closing price of €6.90. Stock is down 30% over the past year. The company is forecast to post a net loss per share of €0.12 next year compared to a net loss per share of €0.0041 last year. Reported Earnings • Oct 01
First half 2023 earnings released First half 2023 results: Revenue: €49.1m (up 15% from 1H 2022). Net loss: €3.30m (loss widened €3.17m from 1H 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Communications industry in France. Buying Opportunity • Sep 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be €10.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making. Announcement • May 19
ATEME SA, Annual General Meeting, Jun 28, 2023 ATEME SA, Annual General Meeting, Jun 28, 2023. Price Target Changed • May 09
Price target decreased by 7.7% to €13.25 Down from €14.35, the current price target is an average from 2 analysts. New target price is 48% above last closing price of €8.98. Stock is down 36% over the past year. The company is forecast to post earnings per share of €0.29 next year compared to a net loss per share of €0.0041 last year. Price Target Changed • Apr 17
Price target decreased by 7.7% to €13.25 Down from €14.35, the current price target is an average from 2 analysts. New target price is 50% above last closing price of €8.82. Stock is down 32% over the past year. Reported Earnings • Apr 08
Full year 2022 earnings released Full year 2022 results: Revenue: €90.6m (up 15% from FY 2021). Net loss: €100.0k (down 106% from profit in FY 2021). Revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Communications industry in France. Price Target Changed • Jan 27
Price target decreased by 9.1% to €15.90 Down from €17.50, the current price target is an average from 2 analysts. New target price is 64% above last closing price of €9.70. Stock is down 20% over the past year. The company is forecast to post earnings per share of €0.44 for next year compared to €0.16 last year. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. 3 highly experienced directors. Co-Founder, Chairman, CEO & President Michel Artieres is the most experienced director on the board, commencing their role in 1997. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Sep 30
First half 2022 earnings released: EPS: €0 (vs €0.39 loss in 1H 2021) First half 2022 results: EPS: €0 (improved from €0.39 loss in 1H 2021). Revenue: €42.9m (up 32% from 1H 2021). Net loss: €100.0k (loss narrowed 98% from 1H 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Communications industry in France. Major Estimate Revision • Aug 05
Consensus EPS estimates increase by 20% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €89.2m to €91.3m. EPS estimate increased from €0.28 to €0.34 per share. Net income forecast to grow 110% next year vs 4.4% growth forecast for Communications industry in France. Consensus price target up from €16.50 to €17.50. Share price was steady at €13.22 over the past week. Major Estimate Revision • Jul 14
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €87.7m to €89.2m. EPS estimate fell from €0.20 to €0.15 per share. Net income forecast to shrink 4.8% next year vs 9.0% growth forecast for Communications industry in France . Consensus price target down from €17.15 to €16.50. Share price rose 4.2% to €12.82 over the past week. Price Target Changed • Apr 27
Price target increased to €16.95 Up from €15.80, the current price target is an average from 2 analysts. New target price is 48% above last closing price of €11.48. Stock is down 28% over the past year. Board Change • Apr 27
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. 2 experienced directors. 3 highly experienced directors. Independent Director Joanna Darlington was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Major Estimate Revision • Apr 02
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €0.02 to €0.20. Revenue forecast steady at €87.7m. Net income forecast to grow 105% next year vs 11% growth forecast for Communications industry in France. Consensus price target up from €15.80 to €16.95. Share price rose 9.1% to €12.74 over the past week. Price Target Changed • Apr 01
Price target increased to €16.95 Up from €15.80, the current price target is an average from 2 analysts. New target price is 33% above last closing price of €12.74. Stock is down 16% over the past year. Major Estimate Revision • Mar 31
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €0.01 to €0.25. Revenue forecast unchanged at €89.4m. Net income forecast to grow 155% next year vs 11% growth forecast for Communications industry in France. Consensus price target broadly unchanged at €15.95. Share price rose 20% to €13.00 over the past week. Buying Opportunity • Feb 04
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be €13.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% per annum over the last 3 years. The company became loss making over the last year. Price Target Changed • Jan 28
Price target decreased to €15.80 Down from €18.10, the current price target is an average from 2 analysts. New target price is 30% above last closing price of €12.18. Stock is down 28% over the past year. The company is forecast to post earnings per share of €0.087 next year compared to a net loss per share of €0.026 last year. Reported Earnings • Oct 01
First half 2021 earnings released The company reported a soft first half result with increased losses and weaker control over costs, although revenues improved. First half 2021 results: Revenue: €32.4m (up 12% from 1H 2020). Net loss: €4.40m (loss widened 70% from 1H 2020). Price Target Changed • Jul 19
Price target decreased to €18.70 Down from €21.70, the current price target is an average from 2 analysts. New target price is 44% above last closing price of €13.02. Stock is down 14% over the past year. Reported Earnings • Mar 27
Full year 2020 earnings released: €0.025 loss per share (vs €0.44 profit in FY 2019) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: €70.7m (up 6.7% from FY 2019). Net loss: €275.0k (down 106% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year. Is New 90 Day High Low • Feb 17
New 90-day high: €18.44 The company is up 16% from its price of €15.90 on 19 November 2020. The French market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Communications industry, which is up 23% over the same period. Is New 90 Day High Low • Jan 27
New 90-day high: €17.28 The company is up 11% from its price of €15.62 on 29 October 2020. The French market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 29% over the same period. Reported Earnings • Sep 28
First half earnings released Over the last 12 months the company has reported total profits of €3.20m, down 14% from the prior year. Total revenue was €65.3m over the last 12 months, up 3.1% from the prior year. Price Target Changed • Sep 27
Price target raised to €18.50 Up from €16.50, the current price target is provided by 1 analyst. The new target price is 7.2% above the current share price of €17.26. As of last close, the stock is up 44% over the past year.