New Risk • Sep 30
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended June 2023. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2023 fiscal period end). Revenue has declined by 29% over the past year. Shareholders have been substantially diluted in the past year (106% increase in shares outstanding). Market cap is less than US$10m (€470.3k market cap, or US$525.1k). New Risk • Apr 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 81% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 61x increase in shares outstanding). Market cap is less than US$10m (€470.3k market cap, or US$500.4k). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). New Risk • Dec 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (48% average weekly change). Revenue has declined by 30% over the past year. Shareholders have been substantially diluted in the past year (over 45x increase in shares outstanding). Market cap is less than US$10m (€795.6k market cap, or US$878.4k). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). New Risk • Jul 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 372% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (42% average weekly change). Earnings have declined by 73% per year over the past 5 years. Shareholders have been substantially diluted in the past year (372% increase in shares outstanding). Market cap is less than US$10m (€222.9k market cap, or US$247.1k). New Risk • Jun 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 73% per year over the past 5 years. Market cap is less than US$10m (€100.2k market cap, or US$109.1k). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). Buying Opportunity • Jan 31
Now 23% undervalued Over the last 90 days, the stock is up 7.1%. The fair value is estimated to be €2.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buying Opportunity • Dec 27
Now 20% undervalued Over the last 90 days, the stock is up 21%. The fair value is estimated to be €2.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 1 independent director. 6 non-independent directors. Chairman of the Board of Statutory Auditors Francesco Molinari was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 04
First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021) First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €13.6m (up 2.4% from 1H 2021). Net loss: €463.0k (down 177% from profit in 1H 2021). Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Entertainment industry in Italy. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €2.46, the stock trades at a trailing P/E ratio of 17.6x. Average forward P/E is 13x in the Entertainment industry in Italy. Total loss to shareholders of 59% over the past year. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €2.74, the stock trades at a trailing P/E ratio of 19.6x. Average forward P/E is 15x in the Entertainment industry in Italy. Total loss to shareholders of 55% over the past year. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment deteriorated over the past week After last week's 27% share price decline to €3.30, the stock trades at a trailing P/E ratio of 23.6x. Average forward P/E is 16x in the Entertainment industry in Italy. Total loss to shareholders of 42% over the past year. Price Target Changed • Jun 21
Price target decreased to €9.38 Down from €10.95, the current price target is provided by 1 analyst. New target price is 98% above last closing price of €4.74. Stock is down 41% over the past year. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €4.96, the stock trades at a trailing P/E ratio of 7.2x. Average forward P/E is 16x in the Entertainment industry in Italy. Total loss to shareholders of 38% over the past year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Is New 90 Day High Low • Feb 12
New 90-day low: €5.75 The company is down 1.0% from its price of €5.80 on 13 November 2020. The Italian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 10.0% over the same period. Is New 90 Day High Low • Dec 29
New 90-day high: €6.00 The company is up 20% from its price of €5.00 on 30 September 2020. The Italian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is down 1.0% over the same period. Announcement • Aug 18
Fenix Entertainment S.p.A. has completed an IPO in the amount of €1.5 million. Fenix Entertainment S.p.A. has completed an IPO in the amount of €1.5 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 375,000
Price\Range: €4