New Risk • Jun 22
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 9.5% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 9.5% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (€32.7m market cap, or US$37.4m). Announcement • May 14
MINT Société anonyme, Annual General Meeting, Jun 18, 2026 MINT Société anonyme, Annual General Meeting, Jun 18, 2026. Location: 52 rue d odin, montpellier France New Risk • May 11
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). Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (€29.8m market cap, or US$35.1m). Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €5.64, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Electric Utilities industry in Europe. Total returns to shareholders of 114% over the past three years. Reported Earnings • Oct 24
First half 2025 earnings released: EPS: €0.56 (vs €0.32 in 1H 2024) First half 2025 results: EPS: €0.56 (up from €0.32 in 1H 2024). Revenue: €47.2m (up 33% from 1H 2024). Net income: €3.36m (up 77% from 1H 2024). Profit margin: 7.1% (up from 5.3% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Price Target Changed • Oct 23
Price target increased by 8.6% to €10.32 Up from €9.50, the current price target is provided by 1 analyst. New target price is 72% above last closing price of €6.00. Stock is up 61% over the past year. The company is forecast to post earnings per share of €0.82 for next year compared to €0.071 last year. New Risk • Oct 22
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 25% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 25% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (€36.4m market cap, or US$42.2m). Major Estimate Revision • Jul 13
Consensus EPS estimates increase by 76% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €0.55 to €0.97. Revenue forecast unchanged at €81.5m. Net income forecast to grow 1,254% next year vs 3.8% growth forecast for Electric Utilities industry in France. Consensus price target up from €9.50 to €9.80. Share price was steady at €5.38 over the past week. Price Target Changed • Jul 11
Price target increased by 10% to €9.80 Up from €8.88, the current price target is provided by 1 analyst. New target price is 82% above last closing price of €5.38. Stock is up 76% over the past year. The company is forecast to post earnings per share of €0.97 for next year compared to €0.071 last year. New Risk • Jun 05
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 7.2% 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 (7.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (€29.2m market cap, or US$33.4m). Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to €5.44, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Electric Utilities industry in Europe. Total returns to shareholders of 51% over the past three years. Announcement • May 08
MINT Société anonyme, Annual General Meeting, Jun 16, 2025 MINT Société anonyme, Annual General Meeting, Jun 16, 2025. Location: 52 rue d odin, montpellier France Reported Earnings • Apr 24
Full year 2024 earnings: Revenues exceed analyst expectations Full year 2024 results: Revenue: €76.7m (down 13% from FY 2023). Net income: €426.0k (down 97% from FY 2023). Profit margin: 0.6% (down from 19% in FY 2023). Revenue exceeded analyst estimates by 5.1%. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 2.2% growth forecast for the Electric Utilities industry in Europe. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €4.61, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Electric Utilities industry in Europe. Total returns to shareholders of 23% over the past three years. New Risk • Mar 03
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 6.7% 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 Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (4.7% net profit margin). Market cap is less than US$100m (€29.5m market cap, or US$31.0m). Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €4.55, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Electric Utilities industry in Europe. Total loss to shareholders of 3.0% over the past three years. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €4.20, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Electric Utilities industry in Europe. Total loss to shareholders of 7.7% over the past three years. Reported Earnings • Oct 27
First half 2024 earnings released: EPS: €0.32 (vs €2.57 in 1H 2023) First half 2024 results: EPS: €0.32 (down from €2.57 in 1H 2023). Revenue: €35.6m (down 35% from 1H 2023). Net income: €1.90m (down 88% from 1H 2023). Profit margin: 5.3% (down from 28% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Price Target Changed • Oct 25
Price target increased by 116% to €8.88 Up from €4.12, the current price target is provided by 1 analyst. New target price is 138% above last closing price of €3.73. Stock is up 8.1% over the past year. The company is forecast to post earnings per share of €0.46 for next year compared to €2.80 last year. Major Estimate Revision • Oct 25
Consensus revenue estimates increase by 37% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from €50.3m to €68.7m. Now expected to report a profit of €0.46 instead of losses of -€0.16 per share. Electric Utilities industry in France expected to see average net income growth of 1.8% next year. Consensus price target up from €4.12 to €8.88. Share price rose 11% to €3.73 over the past week. Announcement • May 17
MINT Société anonyme, Annual General Meeting, Jun 21, 2024 MINT Société anonyme, Annual General Meeting, Jun 21, 2024. Location: 52 rue d odin, montpellier cedex 2 France New Risk • May 05
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 are forecast to decline by an average of 99% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€21.7m market cap, or US$23.4m). New Risk • Nov 12
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 52% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 52% per year for the foreseeable future. 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 (7.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€19.4m market cap, or US$20.7m). New Risk • Oct 18
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 7.2% 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 Latest financial reports are more than 6 months old (reported June 2022 fiscal period end). Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (€20.5m market cap, or US$21.6m). Price Target Changed • Nov 16
Price target decreased to €6.04 Down from €9.28, the current price target is provided by 1 analyst. New target price is 86% above last closing price of €3.25. Stock is down 43% over the past year. The company is forecast to post a net loss per share of €0.75 compared to earnings per share of €0.35 last year. Price Target Changed • Apr 27
Price target decreased to €8.49 Down from €9.28, the current price target is provided by 1 analyst. New target price is 127% above last closing price of €3.74. Stock is down 61% over the past year. The company is forecast to post a net loss per share of €0.75 compared to earnings per share of €0.35 last year. 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. 2 experienced directors. 1 highly experienced director. No independent directors (3 non-independent directors). Co-Founder, Chairman & CEO Kaled Zourray was the last director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Price Target Changed • Oct 11
Price target decreased to €9.28 Down from €10.80, the current price target is provided by 1 analyst. New target price is 66% above last closing price of €5.59. Reported Earnings • Oct 09
First half 2021 earnings released The company reported a mediocre first half result with weaker earnings and weaker control over costs, although revenues improved. First half 2021 results: Revenue: €50.2m (up 97% from 1H 2020). Net loss: €2.48m (down 205% from profit in 1H 2020). Is New 90 Day High Low • Feb 01
New 90-day high: €10.00 The company is up 6.0% from its price of €9.45 on 03 November 2020. The French market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Telecom industry, which is down 2.0% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: €9.99 The company is up 3.0% from its price of €9.70 on 16 October 2020. The French market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Telecom industry, which is up 2.0% over the same period. Recent Insider Transactions • Jan 09
Insider recently bought €79k worth of stock On the 7th of January, Jean-Luc Barma bought around 8k shares on-market at roughly €9.85 per share. In the last 3 months, they made an even bigger purchase worth €213k. Insiders have collectively bought €620k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 24
Insider recently bought €88k worth of stock On the 21st of December, Jean-Luc Barma bought around 9k shares on-market at roughly €9.80 per share. In the last 3 months, they made an even bigger purchase worth €213k. Insiders have collectively bought €540k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 12
Insider recently bought €69k worth of stock On the 7th of December, Jean-Luc Barma bought around 7k shares on-market at roughly €9.80 per share. In the last 3 months, they made an even bigger purchase worth €213k. Insiders have collectively bought €452k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 27
Insider recently bought €213k worth of stock On the 24th of November, Jean-Luc Barma bought around 22k shares on-market at roughly €9.78 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €263k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 18
Insider recently sold €860k worth of stock On the 16th of November, Jean-Luc Barma sold around 86k shares on-market at roughly €10.00 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €96k more than they bought in the last 12 months. Is New 90 Day High Low • Nov 16
New 90-day high: €9.91 The company is up 25% from its price of €7.95 on 18 August 2020. The French market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is flat over the same period. Recent Insider Transactions • Oct 15
Insider recently bought €148k worth of stock On the 12th of October, Jean-Luc Barma bought around 15k shares on-market at roughly €9.66 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €152k more in shares than they have sold in the last 12 months. Is New 90 Day High Low • Sep 30
New 90-day high: €9.76 The company is up 46% from its price of €6.68 on 02 July 2020. The French market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is down 15% over the same period.