Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to RON3.82, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 17x in the Real Estate industry in Romania. Total returns to shareholders of 65% over the past year. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to RON3.04, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 16x in the Real Estate industry in Romania. Total returns to shareholders of 15% over the past year. Upcoming Dividend • May 12
Upcoming dividend of RON0.22 per share Eligible shareholders must have bought the stock before 18 May 2026. Payment date: 04 June 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.3%. Lower than top quartile of Romanian dividend payers (6.6%). Higher than average of industry peers (3.5%). Board Change • Apr 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Danielopol Niky was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Apr 14
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 103% Cash payout ratio: 449% Dividend yield: 8.1% 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 Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 103% Cash payout ratio: 449% Market cap is less than US$10m (RON34.1m market cap, or US$7.90m). Minor Risk Revenue is less than US$5m (RON5.6m revenue, or US$1.3m). Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to RON1.80, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 15x in the Real Estate industry in Romania. Total loss to shareholders of 13% over the past year. Declared Dividend • Mar 29
Dividend increased to RON0.22 Dividend of RON0.22 is 39% higher than last year. Ex-date: 18th May 2026 Payment date: 4th June 2026 Dividend yield will be 9.2%, which is higher than the industry average of 3.9%. Sustainability & Growth The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control, which is less than the 14% EPS growth achieved over the last 5 years. Board Change • Mar 25
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Danielopol Niky was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Danielopol Niky was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 22
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Danielopol Niky was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to RON2.26, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 14x in the Retail Distributors industry in Europe. Total returns to shareholders of 13% over the past year. Buy Or Sell Opportunity • Oct 07
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at RON2.80. The fair value is estimated to be RON2.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Board Change • Sep 04
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 20
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 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 • Jun 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 • Jun 03
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. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to RON2.80, the stock trades at a trailing P/E ratio of 50x. Average trailing P/E is 13x in the Retail Distributors industry in Europe. Total loss to shareholders of 1.1% over the past year. Declared Dividend • May 05
Dividend increased to RON0.16 Dividend of RON0.16 is 22% higher than last year. Ex-date: 15th May 2025 Payment date: 2nd June 2025 Dividend yield will be 6.9%, which is lower than the industry average of 7.4%. Sustainability & Growth The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 158% to bring the payout ratio under control. However, EPS has declined by 10% over the last 5 years so the company would need to reverse this trend. Board Change • May 05
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. Buy Or Sell Opportunity • Apr 15
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 24% to RON2.30. The fair value is estimated to be RON1.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has declined by 18%. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to RON1.80, the stock trades at a trailing P/E ratio of 32.2x. Average trailing P/E is 12x in the Retail Distributors industry in Europe. Total loss to shareholders of 36% over the past year. Declared Dividend • Mar 30
Dividend increased to RON0.16 Dividend of RON0.16 is 22% higher than last year. Ex-date: 15th May 2025 Payment date: 2nd June 2025 Dividend yield will be 7.2%, which is about the same as the industry average. Sustainability & Growth The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 158% to bring the payout ratio under control. However, EPS has declined by 10% over the last 5 years so the company would need to reverse this trend. Announcement • Mar 29
S.C. Mobest S.A., Annual General Meeting, Apr 28, 2025 S.C. Mobest S.A., Annual General Meeting, Apr 28, 2025. Board Change • Mar 27
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. Buy Or Sell Opportunity • Jan 16
Now 32% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to RON2.34. The fair value is estimated to be RON1.77, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has declined by 18%. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to RON2.36, the stock trades at a trailing P/E ratio of 42.2x. Average trailing P/E is 12x in the Retail Distributors industry in Europe. Total loss to shareholders of 1.3% over the past year. Board Change • Dec 27
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. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to RON2.60, the stock trades at a trailing P/E ratio of 46.5x. Average trailing P/E is 13x in the Retail Distributors industry in Europe. Total returns to shareholders of 8.8% over the past year. Buy Or Sell Opportunity • Nov 27
Now 43% overvalued The stock has been flat over the last 90 days, currently trading at RON2.60. The fair value is estimated to be RON1.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has declined by 18%. Board Change • Nov 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. Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment deteriorates as stock falls 41% After last week's 41% share price decline to RON1.78, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 13x in the Retail Distributors industry in Europe. Total loss to shareholders of 25% over the past year. New Risk • Oct 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RON53.0m (US$11.7m) 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. Market cap is less than US$10m (RON53.0m market cap, or US$11.7m). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Profit margins are more than 30% lower than last year (20% net profit margin). Revenue is less than US$5m (RON4.9m revenue, or US$1.1m). Board Change • Oct 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 • Sep 05
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. New Risk • Aug 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RON48.4m (US$10.6m) 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: 215% Paying a dividend despite having no free cash flows. Market cap is less than US$10m (RON48.4m market cap, or US$10.6m). Minor Risks Profit margins are more than 30% lower than last year (22% net profit margin). Revenue is less than US$5m (RON4.8m revenue, or US$1.0m). Board Change • Aug 09
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 01
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. Valuation Update With 7 Day Price Move • May 22
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to RON2.44, the stock trades at a trailing P/E ratio of 40.4x. Average trailing P/E is 12x in the Retail Distributors industry in Europe. New Risk • May 12
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: 22% Last year net profit margin: 64% 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: 215% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (22% net profit margin). Revenue is less than US$5m (RON4.8m revenue, or US$1.0m). Market cap is less than US$100m (RON51.6m market cap, or US$11.2m). Upcoming Dividend • May 09
Upcoming dividend of RON0.13 per share Eligible shareholders must have bought the stock before 16 May 2024. Payment date: 03 June 2024. Trailing yield: 3.7%. Lower than top quartile of Romanian dividend payers (6.5%). Higher than average of industry peers (2.5%). Board Change • May 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. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to RON2.44, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 10x in the Retail Distributors industry in Europe. Board Change • Apr 12
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.