Announcement • May 22
Multitude AG Confirms Earnings Guidance for the Year 2027 and 2028 Multitude AG confirmed earnings guidance for the year 2027 and 2028. The Company confirmed its long-term target of 20% annual net profit growth in 2027 and 2028. Reported Earnings • May 22
First quarter 2026 earnings released: EPS: €0.20 (vs €0.28 in 1Q 2025) First quarter 2026 results: EPS: €0.20 (down from €0.28 in 1Q 2025). Revenue: €33.1m (down 5.0% from 1Q 2025). Net income: €4.40m (down 27% from 1Q 2025). Profit margin: 13% (down from 17% in 1Q 2025). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Finance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Apr 25
Multitude AG Approves Ordinary Dividend for the Financial Year 2025, Payable on May 4, 2026 Multitude AG at its Annual General Meeting held on April 24, 2026 approved an ordinary dividend of EUR 0.55 per share for the financial year 2025, with total available earnings of EUR 71,289,106. The dividend will be paid on May 4, 2026, to shareholders net of applicable withholding tax. The dividend record date is April 28, 2026. Announcement • Apr 23
Multitude Group Announces Executive Changes in Wholesale Banking Multitude AG announced that Wholesale Banking Tribe CEO Alain Nydegger had decided by mutual agreement to step down from his role effective April 30, 2026. Following the successful ramp-up of the business unit, Mr. Nydegger left at his own request to pursue entrepreneurial ventures outside of the Multitude Group. Multitude CEO Antti Kumpulainen, who was actively involved in the establishment of the Wholesale Banking business unit, assumed the responsibilities of Business unit CEO during the interim period and ensured continuity and a seamless transition until a successor was appointed. Upcoming Dividend • Apr 20
Upcoming dividend of €0.55 per share Eligible shareholders must have bought the stock before 27 April 2026. Payment date: 04 May 2026. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 8.3%. Within top quartile of British dividend payers (5.7%). Higher than average of industry peers (5.4%). Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €6.18, the stock trades at a trailing P/E ratio of 5x. Average forward P/E is 7x in the Consumer Finance industry in the United Kingdom. Total returns to shareholders of 82% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.73 per share. Announcement • Mar 27
Multitude AG, Annual General Meeting, Apr 24, 2026 Multitude AG, Annual General Meeting, Apr 24, 2026, at 10:00 W. Europe Standard Time. Location: brandschenkestrasse 24, 8027, zurich, Switzerland Announcement • Mar 26
Multitude AG Proposes Ordinary Dividend for Financial Year 2025, Payable on May 4, 2026 Multitude AG proposed an ordinary dividend distribution of EUR 0.55 per share (i.e. a total of EUR 11,776,677) for financial year 2025 at the AGM to be held on April 24, 2026. If the proposal is approved, the dividend will be paid on May 4, 2026 net of applicable withholding tax. Reported Earnings • Mar 15
Full year 2025 earnings released Full year 2025 results: Revenue: €137.2m (up 8.6% from FY 2024). Net income: €26.6m (up 87% from FY 2024). Profit margin: 19% (up from 11% in FY 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Finance industry in the United Kingdom. Announcement • Mar 13
Multitude AG Provides Earnings Guidance for the Year 2026, 2027 and 2028 Multitude AG provided earnings guidance for the year 2026, 2027 and 2028. The Group’s capital markets guidance is based on consolidated net profit, targeting EUR 30 million in 2026 and 20% annual growth in 2027 and 2028. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €6.76, the stock trades at a trailing P/E ratio of 6.2x. Average forward P/E is 11x in the Consumer Finance industry in the United Kingdom. Total returns to shareholders of 141% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.93 per share. Reported Earnings • Nov 19
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: €35.1m (up 9.4% from 3Q 2024). Net income: €8.26m (up 113% from 3Q 2024). Profit margin: 24% (up from 12% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Finance industry in the United Kingdom. Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: €0.28 (vs €0.13 in 2Q 2024) Second quarter 2025 results: EPS: €0.28 (up from €0.13 in 2Q 2024). Revenue: €35.8m (up 17% from 2Q 2024). Net income: €6.92m (up 147% from 2Q 2024). Profit margin: 19% (up from 9.1% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Finance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. New Risk • Aug 13
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 British stocks, typically moving 7.8% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.8% average weekly change). Reported Earnings • May 23
First quarter 2025 earnings released: EPS: €0.28 (vs €0.072 in 1Q 2024) First quarter 2025 results: EPS: €0.28 (up from €0.072 in 1Q 2024). Revenue: €34.8m (up 28% from 1Q 2024). Net income: €7.23m (up 366% from 1Q 2024). Profit margin: 21% (up from 5.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Announcement • May 15
Multitude AG Approves Board and Committee Appointments Multitude AG announced that at its AGM held on 13 May 2025, the shareholders approved election of Mika Stahlberg as a new member of the Board of Directors, each one for a term until the closing of the next Annual General Meeting. Also, elected Lea Liigus as members of the People and Culture Committee. Upcoming Dividend • May 07
Upcoming dividend of €0.44 per share Eligible shareholders must have bought the stock before 14 May 2025. Payment date: 16 May 2025. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (6.0%). Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €6.14, the stock trades at a trailing P/E ratio of 9.3x. Average forward P/E is 7x in the Consumer Finance industry in the United Kingdom. Total returns to shareholders of 99% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.67 per share. Reported Earnings • Apr 05
Full year 2024 earnings released Full year 2024 results: Revenue: €126.1m (up 5.9% from FY 2023). Net income: €20.2m (up 83% from FY 2023). Profit margin: 16% (up from 9.3% in FY 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in the United Kingdom. Announcement • Apr 04
Multitude AG announces Annual dividend, payable on May 16, 2025 Multitude AG announced Annual dividend of EUR 0.2400 per share payable on May 16, 2025, ex-date on May 14, 2025 and record date on May 15, 2025. Board Change • Mar 17
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 Kristiina Leppanen 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. Board Change • Feb 05
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 Kristiina Leppanen 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. Announcement • Jan 29
Multitude AG Announces Management Changes Multitude AG announced that Mr. Clemens Krause, Chief Risk Officer, will retire as of 31 March 2025, after serving the company since 2012. The Group thanks him for his exceptional contributions and wishes him a fulfilling retirement. Mr. Adam Jezierski will join the Leadership Team as Chief Credit Risk Officer on 3 February 2025 and succeed Mr. Krause. With extensive expertise in credit risk management, Mr. Jezierski is expected to strengthen the Group’s risk oversight capabilities. Leadership Departures – Mr. Lasse Mäkelä, Chief Strategy and IR Officer, is stepping down from the Leadership Team. Current Leadership Team of Multitude Group: The Leadership Team of Multitude Group now comprises: Mr. Antti Kumpulainen – CEO, Mr. Bernd Egger – Chief Financial Officer, Mr. Kristjan Kajakas – Tribe CEO, Ferratum, Mr. Mantvydas Stareika – Tribe CEO, CapitalBox, Mr. Alain Nydegger – Tribe CEO, Wholesale Banking, Mr. Adam Jezierski – Chief Credit Risk Officer, Mr. Kornel Kabele – Chief Technology Officer, Ms. Lea Liigus – Chief Legal & Compliance Officer, Mr. Adam Tönning – Chief Financial Planning Officer, and Mr. Shaun Vella – Chief HR Officer. Board of Directors Updates: Mr. Goutam Challagalla will step down on 1 February 2025. Mrs. Kristiina Leppänen will step down at the end of the 2025 Annual General Meeting (AGM). Both individuals will be proposed for election to the Board of Directors of Multitude Bank p.l.c., pending regulatory approval. Updated Composition of the Board of Directors of Multitude AG (as of 1 February 2025): Mr. Ari Tiukkanen – Chairman (Independent), Mrs. Marion Khüny – Independent Member, Mrs. Kristiina Leppänen – Independent Member, Mr. Jorma Jokela – Non-Independent Member, and Mrs. Lea Liigus – Executive Director, Non-Independent. Announcement • Jan 28
Multitude AG Announces CEO Changes Multitude AG effective 1 January 2025, Mr. Antti Kumpulainen has assumed the role of CEO of Multitude Group, in addition to his existing position as CEO of Multitude Bank p.l.c. As previously announced, Mr. Jorma Jokela stepped down as CEO and Leadership Team member at the end of 2024. Moving forward, he will focus on strategic initiatives, partnerships, acquisitions, and talent development in a full-time capacity. Mr. Jokela will also continue to serve on the Board of Directors of both Multitude AG and Multitude Bank p.l.c. Board Change • Jan 27
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. 4 non-independent directors. Independent Director Kristiina Leppanen 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. Board Change • Jan 07
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. 4 non-independent directors. Independent Director Kristiina Leppanen 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. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €5.41, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Consumer Finance industry in the United Kingdom. Total returns to shareholders of 41% over the past three years. Board Change • Dec 03
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. 4 non-independent directors. Independent Director Kristiina Leppanen 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. New Risk • Nov 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €92.2m (US$97.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (56% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€92.2m market cap, or US$97.9m). Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: €0.11 (vs €0.18 in 2Q 2023) Second quarter 2024 results: EPS: €0.11. Revenue: €30.8m (up 1.8% from 2Q 2023). Net income: €5.75m (up 45% from 2Q 2023). Profit margin: 19% (up from 13% in 2Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Finance industry in the United Kingdom. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €5.37, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Consumer Finance industry in the United Kingdom. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.12 per share. Announcement • Jun 26
Multitude SE (XTRA:FRU) commences an Equity Buyback for 2,172,396 shares, representing 10% of its issued share capital, under the authorization approved on April 25, 2024. Multitude SE (XTRA:FRU) commences share repurchases on June 25, 2024, under the program mandated by the shareholders in the Annual General Meeting held on April 25, 2024. As per the mandate, the company is authorized to repurchase up to 2,172,396 shares, representing 10% of its issued share capital. The shares may be repurchased at the prevailing market price on the date of repurchase. The program will be funded using the company’s unrestricted equity. The shares to be repurchased may be used to meet obligations arising from the company’s incentive schemes or as a means of payment in acquisitions and other similar arrangements relating to the company’s business. The authorization will be valid until the earliest of the transfer of the registered office of the company from Finland to Malta pursuant to the transfer proposal approved by the Company’s Board of Directors on January 17, 2024; or the end of the next Annual General Meeting to be held in the year 2025; or June 30, 2025. As of March 28, 2024, the company had 21,723,960 issued and outstanding shares and had 80,786 own shares.
On 16 May 2024, the company announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, for a total of €0.7 million. The repurchases will commence on May 17, 2024, and the program will end by June 30, 2024. Reported Earnings • May 23
First quarter 2024 earnings released: EPS: €0.07 (vs €0.046 in 1Q 2023) First quarter 2024 results: EPS: €0.07 (up from €0.046 in 1Q 2023). Revenue: €27.3m (down 9.9% from 1Q 2023). Net income: €2.58m (up 162% from 1Q 2023). Profit margin: 9.4% (up from 3.2% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • May 18
Multitude SE Confirms Earnings Guidance for the Year 2024 Multitude SE confirmed earnings guidance for the year 2024. For the year, the company expected to achieve its EBIT guidance of EUR 67.5 million for 2024, which corresponds to an increase in EBIT of around 50% compared to 2023. Board Change • May 01
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Kristiina Leppanen 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 20
Upcoming dividend of €0.19 per share Eligible shareholders must have bought the stock before 26 April 2024. Payment date: 07 May 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (7.6%). Board Change • Apr 05
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Kristiina Leppanen 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 • Mar 20
Dividend increased to €0.19 Dividend of €0.19 is 58% higher than last year. Ex-date: 26th April 2024 Payment date: 30th April 2024 Dividend yield will be 4.0%, which is lower than the industry average of 8.2%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 58% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Board Change • Mar 14
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Kristiina Leppanen 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. Announcement • Nov 17
Multitude SE Provides Consolidated Earnings Guidance for the Year 2023 Multitude SE provided consolidated earnings guidance for the year 2023. For the year, the company expects consolidated EBIT of EUR 45 million. Board Change • Nov 14
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. 5 non-independent directors. Independent Director Michael A. Cusumano was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 29
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. 5 non-independent directors. Independent Director Michael A. Cusumano was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 05
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. 5 non-independent directors. Independent Director Michael A. Cusumano was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 24
Multitude SE Provides Financial Guidance for 2023 Multitude SE provided financial guidance for 2023. Multitude is on track to reach EBIT guidance of EUR 45 million for Fiscal Year 2023. Board Change • Aug 17
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. 5 non-independent directors. Independent Director Michael A. Cusumano was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 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. 5 non-independent directors. Independent Director Michael A. Cusumano was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 14
First quarter 2023 earnings released: EPS: €0.10 (vs €0.093 in 1Q 2022) First quarter 2023 results: EPS: €0.10 (up from €0.093 in 1Q 2022). Revenue: €27.2m (down 13% from 1Q 2022). Net income: €2.22m (up 11% from 1Q 2022). Profit margin: 8.2% (up from 6.4% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Finance industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Board Change • May 03
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Michael A. Cusumano was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Michael A. Cusumano was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 29
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Michael A. Cusumano was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Michael A. Cusumano was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €2.55, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Consumer Finance industry in the United Kingdom. Total loss to shareholders of 50% over the past year. Board Change • Jun 28
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Michael A. Cusumano was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 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. 3 experienced directors. 3 highly experienced directors. Independent Director Michael A. Cusumano was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 04
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Michael A. Cusumano was the last independent director to join the board, commencing their role in 2019. 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 • Feb 02
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Michael A. Cusumano was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 16% share price gain to €4.51, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Consumer Finance industry in the United Kingdom. Total loss to shareholders of 49% over the past three years. Board Change • Jan 04
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Michael A. Cusumano was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €3.90, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Consumer Finance industry in the United Kingdom. Total loss to shareholders of 59% over the past three years. Board Change • Nov 03
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Chairman of the Board of Directors Frederik Strange was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Chairman of the Board of Directors Frederik Strange was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improved over the past week After last week's 23% share price gain to €5.62, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Consumer Finance industry in the United Kingdom. Total loss to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.03 per share. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improved over the past week After last week's 28% share price gain to €7.68, the stock is trading at a trailing P/E ratio of 16.8x, up from the previous P/E ratio of 13.1x. This compares to an average P/E of 14x in the Consumer Finance industry in the United Kingdom. Total return to shareholders over the past three years is a loss of 69%. Is New 90 Day High Low • Feb 15
New 90-day high: €7.68 The company is up 67% from its price of €4.60 on 17 November 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 46% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €14.28 per share. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 27% share price gain to €6.40, the stock is trading at a trailing P/E ratio of 15x, up from the previous P/E ratio of 11.8x. This compares to an average P/E of 15x in the Consumer Finance industry in the United Kingdom. Total return to shareholders over the past three years is a loss of 79%. Is New 90 Day High Low • Jan 05
New 90-day high: €5.34 The company is up 23% from its price of €4.33 on 07 October 2020. The British market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Finance industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.39 per share. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 23% share price gain to €5.12, the stock is trading at a trailing P/E ratio of 9.9x, up from the previous P/E ratio of 8x. This compares to an average P/E of 6x in the Consumer Finance industry in the United Kingdom. Total return to shareholders over the past three years is a loss of 79%. 
