Upcoming Dividend • Jul 01
Upcoming dividend of €0.04 per share Eligible shareholders must have bought the stock before 07 July 2026. Payment date: 09 July 2026. Payout ratio and cash payout ratio are on the higher end at 81% and 89% respectively. Trailing yield: 6.5%. Within top quartile of British dividend payers (5.7%). In line with average of industry peers (6.1%). Declared Dividend • Jun 17
Fourth quarter dividend of €0.04 announced Dividend of €0.04 is the same as last year. Ex-date: 7th July 2026 Payment date: 9th July 2026 Dividend yield will be 6.3%, which is higher than the industry average of 6.0%. Sustainability & Growth Dividend is covered by both earnings (81% earnings payout ratio) and cash flows (89% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 01
ABC arbitrage SA, Annual General Meeting, Jun 05, 2026 ABC arbitrage SA, Annual General Meeting, Jun 05, 2026. Location: 18 rue du quatre septembre, paris France Reported Earnings • Apr 25
Full year 2025 earnings released: EPS: €0.42 (vs €0.45 in FY 2024) Full year 2025 results: EPS: €0.42 (down from €0.45 in FY 2024). Revenue: €59.9m (up 16% from FY 2024). Net income: €25.1m (down 6.5% from FY 2024). Profit margin: 42% (down from 52% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Diversified Financial industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 30
Fourth quarter dividend of €0.10 announced Dividend of €0.10 is the same as last year. Ex-date: 14th April 2026 Payment date: 16th April 2026 Dividend yield will be 6.8%, which is higher than the industry average of 6.0%. Sustainability & Growth Dividend is covered by both earnings (81% earnings payout ratio) and cash flows (89% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 11% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 25
Full year 2025 earnings released: EPS: €0.42 (vs €0.45 in FY 2024) Full year 2025 results: EPS: €0.42 (down from €0.45 in FY 2024). Revenue: €59.9m (up 16% from FY 2024). Net income: €25.1m (down 6.5% from FY 2024). Profit margin: 42% (down from 52% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Diversified Financial industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Mar 25
Abc Arbitrage Sa Announces Interim Dividend, Payable on April 16, 2026; Proposes Final Dividend ABC Arbitrage SA announced an interim cash dividend of €0.10 per share on April 14, 2026, with payment on April 16, 2026. The board also plans to propose a final dividend of €0.04 per share at the Annual General Meeting. Additionally, the company stated its intention to revert to a semi-annual dividend distribution policy, with an expected interim dividend of €0.20 per share in December 2026. Buy Or Sell Opportunity • Mar 24
Now 20% undervalued Over the last 90 days, the stock has risen 1.3% to €5.37. The fair value is estimated to be €6.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last year. Earnings per share has grown by 116%. Upcoming Dividend • Nov 25
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 02 December 2025. Payment date: 04 December 2025. Payout ratio is a comfortable 57% and the cash payout ratio is 81%. Trailing yield: 6.2%. Within top quartile of British dividend payers (5.7%). In line with average of industry peers (6.8%). Declared Dividend • Oct 10
Dividend of €0.10 announced Shareholders will receive a dividend of €0.10. Ex-date: 2nd December 2025 Payment date: 4th December 2025 Dividend yield will be 6.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 46% over the next 3 years. Since a fall of 37% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Declared Dividend • Sep 29
Dividend of €0.10 announced Dividend of €0.10 is the same as last year. Ex-date: 7th October 2025 Payment date: 9th October 2025 Dividend yield will be 5.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 46% over the next 3 years. Since a fall of 37% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Buy Or Sell Opportunity • Sep 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.8% to €5.86. The fair value is estimated to be €7.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to decline by 19% in the next 2 years. Buy Or Sell Opportunity • Sep 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.4% to €5.79. The fair value is estimated to be €7.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to decline by 19% in the next 2 years. Announcement • Jun 02
ABC arbitrage SA to Report First Half, 2025 Results on Sep 23, 2025 ABC arbitrage SA announced that they will report first half, 2025 results on Sep 23, 2025 Buy Or Sell Opportunity • May 05
Now 20% undervalued Over the last 90 days, the stock has risen 17% to €5.98. The fair value is estimated to be €7.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 9.7% in 2 years. Earnings are forecast to decline by 17% in the next 2 years. Announcement • Apr 29
ABC arbitrage SA, Annual General Meeting, Jun 06, 2025 ABC arbitrage SA, Annual General Meeting, Jun 06, 2025. Location: 18 rue du quatre septembre, paris France Upcoming Dividend • Apr 15
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 22 April 2025. Payment date: 24 April 2025. The company is paying out more than 100% of its profits and is paying out 84% of its cash flow. Trailing yield: 5.0%. Lower than top quartile of British dividend payers (6.3%). Lower than average of industry peers (7.0%). Declared Dividend • Mar 31
Dividend of €0.10 announced Dividend of €0.10 is the same as last year. Ex-date: 22nd April 2025 Payment date: 24th April 2025 Dividend yield will be 5.3%, which is lower than the industry average of 6.0%. Sustainability & Growth Dividend is not covered by earnings (180% earnings payout ratio). However, it is covered by cash flows (84% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 100% to bring the payout ratio under control. However, EPS is expected to decline by 17% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. New Risk • Mar 26
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 180% Cash payout ratio: 124% Dividend yield: 8.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 180% Cash payout ratio: 124% Earnings are forecast to decline by an average of 9.4% per year for the foreseeable future. Announcement • Mar 26
ABC arbitrage SA Announces Interim Dividend, Payable on April 24, 2025; Proposes Final Dividend ABC arbitrage SA announced Interim dividend on 2024 results of €0.10 per share on 22 April 2025, with payment on 24 April 2025; The Board plans to propose a final dividend of €0.04 per share at the Annual General Meeting;
The Board confirms its intention to distribute €0.10 per share in October and again in December 2025. Reported Earnings • Mar 25
Full year 2024 earnings released: EPS: €0.45 (vs €0.28 in FY 2023) Full year 2024 results: EPS: €0.45 (up from €0.28 in FY 2023). Revenue: €51.5m (up 29% from FY 2023). Net income: €26.8m (up 63% from FY 2023). Profit margin: 52% (up from 41% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Diversified Financial industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Jan 21
ABC arbitrage SA to Report Fiscal Year 2024 Results on Mar 25, 2025 ABC arbitrage SA announced that they will report fiscal year 2024 results on Mar 25, 2025 Declared Dividend • Nov 28
Dividend of €0.10 announced Shareholders will receive a dividend of €0.10. Ex-date: 3rd December 2024 Payment date: 5th December 2024 Dividend yield will be 6.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (72% earnings payout ratio) but not covered by cash flows (178% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Oct 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Isabelle Maury was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Oct 07
Dividend of €0.10 announced Shareholders will receive a dividend of €0.10. Ex-date: 9th October 2024 Payment date: 11th October 2024 Dividend yield will be 6.7%, which is higher than the industry average of 6.0%. Sustainability & Growth Dividend is covered by earnings (72% earnings payout ratio) but not covered by cash flows (178% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Sep 30
First half 2024 earnings released: EPS: €0.15 (vs €0.15 in 1H 2023) First half 2024 results: EPS: €0.15 (in line with 1H 2023). Revenue: €22.9m (up 13% from 1H 2023). Net income: €8.86m (flat on 1H 2023). Profit margin: 39% (down from 43% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 17% decline forecast for the Diversified Financial industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Sep 07
ABC arbitrage SA to Report First Half, 2024 Results on Sep 24, 2024 ABC arbitrage SA announced that they will report first half, 2024 results on Sep 24, 2024 Board Change • May 01
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Isabelle Maury was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 19
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 23 April 2024. Payment date: 25 April 2024. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 11%. Within top quartile of British dividend payers (5.9%). Higher than average of industry peers (6.5%). Declared Dividend • Apr 05
Fourth quarter dividend of €0.10 announced Shareholders will receive a dividend of €0.10. Ex-date: 23rd April 2024 Payment date: 25th April 2024 Dividend yield will be 10%, which is higher than the industry average of 6.0%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but not covered by cash flows (131% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 30% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 26
Third quarter 2023 earnings released: EPS: €0.066 (vs €0.11 in 3Q 2022) Third quarter 2023 results: EPS: €0.066 (down from €0.11 in 3Q 2022). Revenue: €9.47m (down 37% from 3Q 2022). Net income: €3.84m (down 41% from 3Q 2022). Profit margin: 41% (down from 43% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 4 years, compared to a 11% decline forecast for the Diversified Financial industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 19% per year. Upcoming Dividend • Nov 28
Upcoming dividend of €0.10 per share at 8.8% yield Eligible shareholders must have bought the stock before 05 December 2023. Payment date: 07 December 2023. Payout ratio is a comfortable 57% and the cash payout ratio is 96%. Trailing yield: 8.8%. Within top quartile of British dividend payers (6.2%). Higher than average of industry peers (6.6%). Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €4.73, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Diversified Financial industry in the United Kingdom. Total loss to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.07 per share. Upcoming Dividend • Oct 03
Upcoming dividend of €0.10 per share at 7.5% yield Eligible shareholders must have bought the stock before 10 October 2023. Payment date: 12 October 2023. Payout ratio is a comfortable 57% and the cash payout ratio is 96%. Trailing yield: 7.5%. Within top quartile of British dividend payers (6.3%). In line with average of industry peers (6.9%). Reported Earnings • Sep 21
First half 2023 earnings released: EPS: €0.15 (vs €0.27 in 1H 2022) First half 2023 results: EPS: €0.15 (down from €0.27 in 1H 2022). Revenue: €20.4m (down 36% from 1H 2022). Net income: €8.82m (down 46% from 1H 2022). Profit margin: 43% (down from 51% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Diversified Financial industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Jul 04
ABC arbitrage SA, Annual General Meeting, Jun 07, 2024 ABC arbitrage SA, Annual General Meeting, Jun 07, 2024, at 10:30 Central European Standard Time. Location: Le Centorial Auditorium, 18 rue du 4 Septembre, 75002 Paris Paris France Board Change • Jun 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Isabelle Maury was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 27
Upcoming dividend of €0.11 per share at 7.5% yield Eligible shareholders must have bought the stock before 04 July 2023. Payment date: 06 July 2023. Payout ratio and cash payout ratio are on the higher end at 83% and 97% respectively. Trailing yield: 7.5%. Within top quartile of British dividend payers (6.0%). In line with average of industry peers (6.9%). Upcoming Dividend • Apr 11
Upcoming dividend of €0.10 per share at 7.2% yield Eligible shareholders must have bought the stock before 18 April 2023. Payment date: 20 April 2023. Trailing yield: 7.2%. Within top quartile of British dividend payers (5.9%). In line with average of industry peers (6.6%). Reported Earnings • Mar 24
Full year 2022 earnings released Full year 2022 results: Revenue: €61.2m (down 4.9% from FY 2021). Net income: €29.2m (up 4.1% from FY 2021). Profit margin: 48% (up from 44% in FY 2021). The increase in margin was driven by lower expenses. Upcoming Dividend • Nov 29
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 06 December 2022. Payment date: 08 December 2022. Payout ratio is on the higher end at 87%, and the cash payout ratio is above 100%. Trailing yield: 6.1%. Within top quartile of British dividend payers (5.7%). Lower than average of industry peers (6.8%). Buying Opportunity • Nov 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 8.3%. The fair value is estimated to be €8.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 7.9%. Upcoming Dividend • Oct 04
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 11 October 2022. Payment date: 13 October 2022. Payout ratio is on the higher end at 87%, and the cash payout ratio is above 100%. Trailing yield: 6.3%. Within top quartile of British dividend payers (6.0%). Higher than average of industry peers (3.3%). Reported Earnings • Sep 22
First half 2022 earnings released: EPS: €0.27 (vs €0.29 in 1H 2021) First half 2022 results: EPS: €0.27 (down from €0.29 in 1H 2021). Revenue: €31.6m (down 10% from 1H 2021). Net income: €16.2m (down 3.7% from 1H 2021). Profit margin: 51% (up from 48% in 1H 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Jun 28
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 05 July 2022. Payment date: 07 July 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 5.7%. Within top quartile of British dividend payers (5.2%). Lower than average of industry peers (6.8%). Upcoming Dividend • Apr 13
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 20 April 2022. Payment date: 22 April 2022. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 5.2%. Within top quartile of British dividend payers (4.5%). Lower than average of industry peers (6.7%). Upcoming Dividend • Nov 30
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 07 December 2021. Payment date: 09 December 2021. Trailing yield: 6.6%. Within top quartile of British dividend payers (4.2%). Lower than average of industry peers (7.6%). Upcoming Dividend • Oct 05
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 12 October 2021. Payment date: 14 October 2021. Trailing yield: 6.8%. Within top quartile of British dividend payers (4.1%). In line with average of industry peers (7.1%). Reported Earnings • Sep 24
First half 2021 earnings released: EPS €0.29 (vs €0.44 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: €35.2m (down 22% from 1H 2020). Net income: €16.8m (down 34% from 1H 2020). Profit margin: 48% (down from 57% in 1H 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Jul 31
High number of new directors Independent Director Sophie Guieysse was the last director to join the board, commencing their role in 2021. Upcoming Dividend • Jul 06
Upcoming dividend of €0.18 per share Eligible shareholders must have bought the stock before 13 July 2021. Payment date: 03 August 2021. Trailing yield: 6.6%. Within top quartile of British dividend payers (4.0%). In line with average of industry peers (6.6%). Upcoming Dividend • Apr 07
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 13 April 2021. Payment date: 15 April 2021. Trailing yield: 2.8%. Lower than top quartile of British dividend payers (4.3%). Lower than average of industry peers (6.9%). Reported Earnings • Mar 25
Full year 2020 earnings released: EPS €0.60 (vs €0.31 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €69.1m (up 86% from FY 2019). Net income: €35.1m (up 91% from FY 2019). Profit margin: 51% (up from 49% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 02
New 90-day high: €7.65 The company is up 3.0% from its price of €7.44 on 02 December 2020. The British market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Diversified Financial industry, which is down 6.0% over the same period. Is New 90 Day High Low • Feb 02
New 90-day high: €7.50 The company is up 1.0% from its price of €7.42 on 04 November 2020. The British market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Diversified Financial industry, which is up 9.0% over the same period. Upcoming Dividend • Dec 01
Upcoming Dividend of €0.10 Per Share Will be paid on the 10th of December to those who are registered shareholders by the 8th of December. The trailing yield of 5.5% is in the top quartile of British dividend payers (5.0%), and it is higher than industry peers (2.5%). Is New 90 Day High Low • Sep 23
New 90-day high: €7.52 The company is up 10.0% from its price of €6.84 on 18 June 2020. The British market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is up 1.0% over the same period. Reported Earnings • Sep 23
First half earnings released Over the last 12 months the company has reported total profits of €35.5m, up 81% from the prior year. Total revenue was €64.3m over the last 12 months, up 62% from the prior year. 
