New Risk • May 23
New major risk - Revenue and earnings growth Earnings have declined by 22% 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 22% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Board Change • May 08
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 Martine Paccoud was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 16
Samse SA, Annual General Meeting, May 21, 2026 Samse SA, Annual General Meeting, May 21, 2026. Location: 2 rue raymond pitet, grenoble France Declared Dividend • Apr 13
Dividend reduced to €5.00 Dividend of €5.00 is 38% lower than last year. Ex-date: 30th June 2026 Payment date: 2nd July 2026 Dividend yield will be 4.2%, which is higher than the industry average of 3.7%. Sustainability & Growth The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 61% to bring the payout ratio under control. EPS is expected to grow by 136% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Board Change • Apr 13
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 Martine Paccoud was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Mar 30
Dividend reduced to €5.00 Dividend of €5.00 is 38% lower than last year. Ex-date: 30th June 2026 Payment date: 2nd July 2026 Dividend yield will be 4.1%, which is higher than the industry average of 3.7%. Sustainability & Growth The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 61% to bring the payout ratio under control. EPS is expected to grow by 136% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Board Change • Mar 25
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 Martine Paccoud was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 24
Samse SA announces Annual dividend, payable on July 02, 2026 Samse SA announced Annual dividend of EUR 5.0000 per share payable on July 02, 2026, ex-date on June 30, 2026 and record date on July 01, 2026. Board Change • Jan 06
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 Martine Paccoud was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 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. 4 non-independent directors. Independent Director Martine Paccoud was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 10
First half 2025 earnings released First half 2025 results: Revenue: €1.01b (up 4.6% from 1H 2024). Net income: €694.0k (down 92% from 1H 2024). Profit margin: 0.1% (down from 0.9% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Specialty Retail industry in the United Kingdom. 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. 4 non-independent directors. Independent Director Martine Paccoud was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 23
Upcoming dividend of €8.00 per share Eligible shareholders must have bought the stock before 30 June 2025. Payment date: 02 July 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.0%. Lower than top quartile of British dividend payers (5.6%). Higher than average of industry peers (3.9%). Board Change • May 20
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 Martine Paccoud was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 17
Samse SA, Annual General Meeting, May 22, 2025 Samse SA, Annual General Meeting, May 22, 2025. Location: 2 rue raymond pitet, grenoble France Board Change • Mar 31
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 Martine Paccoud was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 25
Samse SA announces Annual dividend, payable on July 02, 2025 Samse SA announced Annual dividend of EUR 8.0000 per share payable on July 02, 2025, ex-date on June 30, 2025 and record date on July 01, 2025. Board Change • Mar 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 Martine Paccoud was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 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. 4 non-independent directors. Independent Director Martine Paccoud was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Sep 06
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 29% 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 29% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • Jul 01
Now 12% overvalued Over the last 90 days, the stock has fallen 9.9% to €169. The fair value is estimated to be €150, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 4.0% per annum over the same time period. Buy Or Sell Opportunity • Jun 19
Now 21% overvalued Over the last 90 days, the stock has fallen 5.5% to €182. The fair value is estimated to be €150, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 4.0% per annum over the same time period. Upcoming Dividend • Jun 13
Upcoming dividend of €10.00 per share Eligible shareholders must have bought the stock before 20 June 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 8.7%. Within top quartile of British dividend payers (5.6%). Higher than average of industry peers (3.4%). Buy Or Sell Opportunity • May 11
Now 20% overvalued Over the last 90 days, the stock has fallen 10% to €181. The fair value is estimated to be €151, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 4.0% per annum over the same time period. Buy Or Sell Opportunity • Mar 28
Now 21% overvalued Over the last 90 days, the stock has fallen 8.4% to €185. The fair value is estimated to be €152, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 4.0% per annum over the same time period. Reported Earnings • Mar 25
Full year 2023 earnings released Full year 2023 results: Revenue: €1.89b (down 1.2% from FY 2022). Net income: €76.4m (down 19% from FY 2022). Profit margin: 4.0% (down from 5.0% in FY 2022). Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 2.3% growth forecast for the Specialty Retail industry in the United Kingdom. Buy Or Sell Opportunity • Jan 22
Now 21% undervalued Over the last 90 days, the stock has risen 24% to €196. The fair value is estimated to be €247, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to decline by 5.3% in 2 years. Earnings are forecast to decline by 16% in the next 2 years. New Risk • Sep 12
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 41% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risk High level of debt (41% net debt to equity). Upcoming Dividend • Jun 14
Upcoming dividend of €16.00 per share at 7.5% yield Eligible shareholders must have bought the stock before 21 June 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 7.5%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (3.1%). Reported Earnings • Mar 19
Full year 2022 earnings released Full year 2022 results: Revenue: €1.91b (up 8.0% from FY 2021). Net income: €94.9m (up 1.5% from FY 2021). Profit margin: 5.0% (down from 5.3% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 2.8% p.a. on average during the next 2 years, while revenues in the Specialty Retail industry in the United Kingdom are expected to grow by 6.2%. Board Change • Nov 16
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 Martine Paccoud was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 28
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 Martine Paccoud was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.