Buy Or Sell Opportunity • Jun 29
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to RON1.70. The fair value is estimated to be RON2.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 85% over the last 3 years. Meanwhile, the company became loss making. New Risk • Jun 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Romanian stocks, typically moving 12% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Revenue is less than US$1m (RON1.8m revenue, or US$391k). Minor Risk Market cap is less than US$100m (RON58.2m market cap, or US$12.9m). Buy Or Sell Opportunity • Jun 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to RON1.81. The fair value is estimated to be RON2.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 85% over the last 3 years. Meanwhile, the company became loss making. Announcement • Jun 01
SIF Hoteluri S.A. to Report Q3, 2026 Results on Nov 20, 2026 SIF Hoteluri S.A. announced that they will report Q3, 2026 results on Nov 20, 2026 Reported Earnings • May 25
First quarter 2026 earnings released First quarter 2026 results: Revenue: RON269.3k (down 25% from 1Q 2025). Net loss: RON150.6k (loss narrowed 60% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • May 22
SIF Hoteluri S.A. to Report Q1, 2026 Results on May 22, 2026 SIF Hoteluri S.A. announced that they will report Q1, 2026 results on May 22, 2026 Announcement • Mar 20
SIF Hoteluri S.A., Annual General Meeting, Apr 28, 2026 SIF Hoteluri S.A., Annual General Meeting, Apr 28, 2026, at 13:00 E. Europe Standard Time. New Risk • Dec 29
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 Romanian stocks, typically moving 6.9% 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Revenue is less than US$1m (RON1.9m revenue, or US$450k). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (RON73.3m market cap, or US$16.9m). Reported Earnings • Aug 31
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: RON464.6k (down 5.4% from 2Q 2024). Net loss: RON272.9k (loss widened RON242.9k from 2Q 2024). Upcoming Dividend • May 08
Upcoming dividend of RON0.22 per share Eligible shareholders must have bought the stock before 15 May 2025. Payment date: 04 June 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 9.4%. Within top quartile of Romanian dividend payers (6.9%). Higher than average of industry peers (3.4%). Announcement • Mar 27
SIF Hoteluri S.A. announces Annual dividend, payable on June 04, 2025 SIF Hoteluri S.A. announced Annual dividend of RON 0.2170 per share payable on June 04, 2025, ex-date on May 15, 2025 and record date on May 16, 2025. Announcement • Mar 26
SIF Hoteluri S.A., Annual General Meeting, Apr 28, 2025 SIF Hoteluri S.A., Annual General Meeting, Apr 28, 2025, at 12:00 E. Europe Standard Time. Location: at the company headquarters in oradea, piata emanuil gojdu no. 53, bl. a 10., Romania New Risk • Mar 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 13% Last year net profit margin: 247% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 364% Paying a dividend despite having no free cash flows. Revenue is less than US$1m (RON3.1m revenue, or US$675k). Minor Risks Profit margins are more than 30% lower than last year (13% net profit margin). Market cap is less than US$100m (RON56.6m market cap, or US$12.3m). Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to RON1.77, the stock trades at a trailing P/E ratio of 34.5x. Average trailing P/E is 33x in the Hospitality industry in Romania. Total returns to shareholders of 4.7% over the past year. New Risk • Feb 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RON47.2m (US$9.88m) This is considered a major 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. Dividend is not well covered by earnings and cash flows. Payout ratio: 364% Paying a dividend despite having no free cash flows. High level of non-cash earnings (43% accrual ratio). Revenue is less than US$1m (RON2.1m revenue, or US$434k). Market cap is less than US$10m (RON47.2m market cap, or US$9.88m). Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to RON1.99, the stock trades at a trailing P/E ratio of 38.8x. Average trailing P/E is 36x in the Hospitality industry in Romania. Total returns to shareholders of 7.7% over the past year. Board Change • Jan 08
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. No highly experienced 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: Insufficient board refreshment. New Risk • Nov 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 43% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 364% Paying a dividend despite having no free cash flows. High level of non-cash earnings (43% accrual ratio). Revenue is less than US$1m (RON2.1m revenue, or US$441k). Minor Risk Market cap is less than US$100m (RON60.7m market cap, or US$12.9m). Board Change • Nov 19
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. No highly experienced 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: Insufficient board refreshment. New Risk • Sep 22
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 44% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (44% accrual ratio). Revenue is less than US$1m (RON2.5m revenue, or US$564k). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (RON60.7m market cap, or US$13.6m). Buy Or Sell Opportunity • Jul 02
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 4.9% to RON2.16. The fair value is estimated to be RON1.66, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jun 27
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to RON2.18. The fair value is estimated to be RON1.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jun 11
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to RON2.22. The fair value is estimated to be RON1.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to RON2.04, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 16x in the Hospitality industry in Romania. Total returns to shareholders of 590% over the past three years. Upcoming Dividend • May 23
Upcoming dividend of RON0.19 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 20 June 2024. The average dividend yield among industry peers is 2.9%. Reported Earnings • May 20
First quarter 2024 earnings released First quarter 2024 results: Net income: RON349.0k (down 49% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 02
Full year 2023 earnings released: EPS: RON0.27 (vs RON0.054 in FY 2022) Full year 2023 results: EPS: RON0.27 (up from RON0.054 in FY 2022). Revenue: RON16.4m (down 20% from FY 2022). Net income: RON8.61m (up 393% from FY 2022). Profit margin: 53% (up from 8.6% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to RON2.60, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 12x in the Hospitality industry in Romania. Total returns to shareholders of 646% over the past three years. Board Change • Jan 08
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. No highly experienced 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: Insufficient board refreshment. Board Change • Dec 04
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. No highly experienced 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: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to RON3.36, the stock trades at a trailing P/E ratio of 38.3x. Average trailing P/E is 26x in the Hospitality industry in Romania. Total returns to shareholders of 880% over the past three years. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to RON2.94, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 26x in the Hospitality industry in Romania. Total returns to shareholders of 856% over the past three years. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to RON2.24, the stock trades at a trailing P/E ratio of 25.6x. Average trailing P/E is 26x in the Hospitality industry in Romania. Total returns to shareholders of 628% over the past three years. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to RON2.46, the stock trades at a trailing P/E ratio of 28.1x. Average trailing P/E is 26x in the Hospitality industry in Romania. Total returns to shareholders of 714% over the past three years. New Risk • Sep 18
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 44% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (44% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (22% net profit margin). Revenue is less than US$5m (RON13m revenue, or US$2.8m). Market cap is less than US$100m (RON88.1m market cap, or US$18.9m). Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to RON2.86, the stock trades at a trailing P/E ratio of 28.8x. Average trailing P/E is 22x in the Hospitality industry in Europe. Total returns to shareholders of 776% over the past three years. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to RON2.30, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 22x in the Hospitality industry in Europe. Total returns to shareholders of 604% over the past three years. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to RON2.32, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 21x in the Hospitality industry in Europe. Total returns to shareholders of 115% over the past three years. Board Change • May 23
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. No highly experienced 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: Insufficient board refreshment. Board Change • May 03
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. No highly experienced 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: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to RON3.32, the stock trades at a trailing P/E ratio of 61.5x. Average trailing P/E is 20x in the Hospitality industry in Europe. Total returns to shareholders of 108% over the past year. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to RON3.02, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 20x in the Hospitality industry in Europe. Total returns to shareholders of 75% over the past year. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to RON3.30, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 19x in the Hospitality industry in Europe. Total returns to shareholders of 128% over the past year. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 57% After last week's 57% share price gain to RON3.86, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 19x in the Hospitality industry in Europe. Total returns to shareholders of 197% over the past three years. Board Change • Feb 03
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. No highly experienced 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: Insufficient board refreshment. Board Change • Dec 30
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. 3 experienced directors. No highly experienced directors. No independent directors (3 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 18
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: RON6.97m (up 20% from 3Q 2021). Net income: RON1.08m (down 48% from 3Q 2021). Profit margin: 16% (down from 36% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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. 3 experienced directors. No highly experienced directors. No independent directors (3 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: Lack of independent directors. Insufficient board refreshment. Board Change • Aug 25
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. 3 experienced directors. No highly experienced directors. No independent directors (3 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: Lack of independent directors. Insufficient board refreshment. Board Change • Jul 26
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. 3 experienced directors. No highly experienced directors. No independent directors (3 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: Lack of independent directors. Insufficient board refreshment. Board Change • Jul 06
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. 3 experienced directors. No highly experienced directors. No independent directors (3 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: Lack of independent directors. Insufficient board refreshment. Announcement • Jun 09
An unknown buyer agreed to acquire DoubleTree by Hilton in Oradea from SIF Hoteluri S.A. (BVB:CAOR) for €11 million. An unknown buyer agreed to acquire DoubleTree by Hilton in Oradea from SIF Hoteluri S.A. (BVB:CAOR) for €11 million on June 3, 2022. In 2021, DoubleTree by Hilton has a net profit of €0.73359 million and turnover of €2.66785 million. Board Change • Jun 07
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. 3 experienced directors. No highly experienced directors. No independent directors (3 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: Lack of independent directors. Insufficient board refreshment. Board Change • May 23
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. 3 experienced directors. No highly experienced directors. No independent directors (3 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: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 11
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. 3 experienced directors. No highly experienced directors. No independent directors (3 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: Lack of independent directors. Insufficient board refreshment. Board Change • Feb 16
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. 3 experienced directors. No highly experienced directors. No independent directors (3 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: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 02
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. 3 experienced directors. No highly experienced directors. No independent directors (3 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: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 08
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. 3 experienced directors. No highly experienced directors. No independent directors (3 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • May 17
First quarter 2021 earnings released First quarter 2021 results: Net loss: RON1.09m (loss narrowed 62% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.