New Risk • Jun 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 45% 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 Less than 1 year of cash runway based on free cash flow trend (-€8.7m free cash flow). Shareholders have been substantially diluted in the past year (45% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (€51.7m market cap, or US$59.6m). Tillkännagivande • May 28
Grupo Ezentis, S.A., Annual General Meeting, Jun 28, 2026 Grupo Ezentis, S.A., Annual General Meeting, Jun 28, 2026. Reported Earnings • Feb 21
Full year 2025 earnings released Full year 2025 results: Revenue: €34.4m (up 148% from FY 2024). Net loss: €3.20m (loss widened 4.5% from FY 2024). New Risk • Jan 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% 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 Risk Share price has been highly volatile over the past 3 months (6.9% average weekly change). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (€50.0m market cap, or US$58.6m). New Risk • Jan 02
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 Spanish stocks, typically moving 6.6% 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 Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (€52.1m market cap, or US$61.2m). Reported Earnings • Sep 16
First half 2025 earnings released First half 2025 results: Revenue: €14.1m (up 97% from 1H 2024). Net loss: €1.29m (loss widened 129% from 1H 2024). New Risk • Jul 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% 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 Risk Negative equity (-€3.6m). Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (€64.7m market cap, or US$76.1m). Tillkännagivande • Apr 14
Grupo Ezentis, S.A., Annual General Meeting, May 13, 2025 Grupo Ezentis, S.A., Annual General Meeting, May 13, 2025. Location: hotel elba madrid alcala, calle alcala 476., madrid Spain Reported Earnings • Sep 25
First half 2024 earnings released: €0.001 loss per share (vs €0.19 profit in 1H 2023) First half 2024 results: €0.001 loss per share (down from €0.19 profit in 1H 2023). Revenue: €7.18m (down 35% from 1H 2023). Net loss: €565.0k (down 101% from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. New Risk • Sep 20
New major risk - Negative shareholders equity The company has negative equity. Total equity: -€4.0m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (5.8% average weekly change). Negative equity (-€4.0m). Minor Risk Market cap is less than US$100m (€59.8m market cap, or US$66.8m). New Risk • Sep 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (5.7% average weekly change). Minor Risks Negative equity (-€5.1m). Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (€65.8m market cap, or US$72.9m). Tillkännagivande • Aug 06
Grupo Ezentis, S.A. announced that it expects to receive €13.2 million in funding Grupo Ezentis, S.A. announced a private agreement for the issuance of 2,640 convertible bonds nominal value of €5,000 at issue price of up to €5,000with new investor, Global Tech Opportunities 30, managed by Alpha Blue Ocean for gross proceeds €13,200,000 on August 5, 2024. The issuance will be made in 7 tranches. Interest rate of bonds is 0% and mature on 12 months from subscription. Tillkännagivande • May 25
Grupo Ezentis, S.A., Annual General Meeting, Jun 25, 2024 Grupo Ezentis, S.A., Annual General Meeting, Jun 25, 2024. Location: hotel elba madrid alcala, calle alcala 476., madrid Spain New Risk • Feb 09
New major risk - Negative shareholders equity The company has negative equity. Total equity: -€206m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Negative equity (-€206m). Revenue has declined by 25% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (€74.8m market cap, or US$80.7m). Board Change • Jan 29
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Pedro Azcárate Palacios was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Oct 01
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Negative equity (-€71m). Market cap is less than US$100m (€41.4m market cap, or US$43.8m). New Risk • Sep 19
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 Negative equity (-€206m). Earnings have declined by 64% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (€41.4m market cap, or US$44.3m). New Risk • Sep 03
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 Negative equity (-€206m). Earnings have declined by 64% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (€41.4m market cap, or US$44.6m). Reported Earnings • Mar 04
Full year 2022 earnings released: €0.27 loss per share (vs €0.34 loss in FY 2021) Full year 2022 results: €0.27 loss per share (improved from €0.34 loss in FY 2021). Revenue: €165.1m (down 55% from FY 2021). Net loss: €64.3m (loss narrowed 55% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance. Tillkännagivande • Feb 01
Grupo Ezentis, S.A. announced that it has received €16 million in funding Grupo Ezentis, S.A. announced a private placement for gross proceeds of €16 million on January 31, 2023. The transaction included participation from main shareholder, José Elías and supplier of Telefónica, S.A. Price Target Changed • Nov 16
Price target decreased to €0.40 Down from €0.52, the current price target is provided by 1 analyst. New target price is 542% above last closing price of €0.062. Stock is down 74% over the past year. The company is forecast to post earnings per share of €0.01 next year compared to a net loss per share of €0.34 last year. 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. 3 non-independent directors. Independent Director Pedro María Azcárate Palacios was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Oct 03
Price target decreased to €0.40 Down from €0.52, the current price target is provided by 1 analyst. New target price is 655% above last closing price of €0.053. Stock is down 84% over the past year. The company is forecast to post earnings per share of €0.01 next year compared to a net loss per share of €0.34 last year. Reported Earnings • Oct 03
First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021) First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €152.7m (up 62% from 1H 2021). Net loss: €81.0m (down €81.2m from profit in 1H 2021). Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Communications industry in Europe. Board Change • Oct 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. 3 non-independent directors. Independent Director Pedro María Azcárate Palacios was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 11
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 Pedro María Azcárate Palacios was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Apr 27
Price target decreased to €0.40 Down from €0.52, the current price target is provided by 1 analyst. New target price is 161% above last closing price of €0.15. Stock is down 62% over the past year. The company is forecast to post earnings per share of €0.01 next year compared to a net loss per share of €0.34 last year. Reported Earnings • Apr 15
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: €0.34 loss per share (down from €0.13 loss in FY 2020). Revenue: €363.8m (down 1.5% from FY 2020). Net loss: €144.1m (loss widened 235% from FY 2020). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 100%. Over the next year, revenue is forecast to grow 7.2%, compared to a 7.1% growth forecast for the industry in Spain. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Price Target Changed • Feb 19
Price target decreased to €0.42 Down from €0.52, the current price target is provided by 1 analyst. New target price is 136% above last closing price of €0.18. Stock is down 57% over the past year. The company is forecast to post a net loss per share of €0.044 next year compared to a net loss per share of €0.11 last year. Price Target Changed • Nov 10
Price target decreased to €0.50 Down from €0.55, the current price target is an average from 3 analysts. New target price is 99% above last closing price of €0.25. Stock is up 1.8% over the past year. The company is forecast to post a net loss per share of €0.024 next year compared to a net loss per share of €0.11 last year. Price Target Changed • Sep 29
Price target increased to €0.55 Up from €0.50, the current price target is an average from 3 analysts. New target price is 67% above last closing price of €0.33. Stock is up 37% over the past year. Reported Earnings • Mar 18
Full year 2020 earnings released: €0.11 loss per share (vs €0.012 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €375.9m (down 20% from FY 2019). Net loss: €35.3m (down €39.3m from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 01
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) exceeded analyst estimates by 67%. Over the next year, revenue is forecast to grow 22%, compared to a 1.8% growth forecast for the Communications industry in Spain. Reported Earnings • Feb 28
Full year 2020 earnings released: €0.10 loss per share (vs €0.022 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €372.6m (down 18% from FY 2019). Net loss: €35.3m (down €42.7m from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Feb 11
Analysts update estimates The company's losses in 2020 are expected to worsen with analysts lowering their consensus EPS forecasts from -€0.045 to -€0.06. No change was made to the revenue estimate which at the last update was €388.3m. The Communications industry in Spain is expected to see an average net income growth of 21% next year. The consensus price target increased from €0.50 to €0.50. Share price is up 5.8% to €0.42 over the past week. Major Estimate Revision • Jan 30
Analysts update estimates The company's losses in 2020 are expected to improve with analysts raising their consensus EPS forecasts from -€0.10 to -€0.045. No change was made to the revenue estimate which at the last update was €388.3m. The Communications industry in Spain is expected to see an average net income growth of 13% next year. The consensus price target was lowered from €0.52 to €0.50. Share price is up 3.0% to €0.41 over the past week. Is New 90 Day High Low • Dec 30
New 90-day high: €0.37 The company is up 66% from its price of €0.23 on 01 October 2020. The Spanish market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.41 per share. Is New 90 Day High Low • Dec 08
New 90-day high: €0.31 The company is up 7.0% from its price of €0.29 on 09 September 2020. The Spanish market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.31 per share. Analyst Estimate Surprise Post Earnings • Nov 16
Revenue and earnings miss expectations Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 50%. Over the next year, revenue is forecast to grow 19%, compared to a 2.8% growth forecast for the Communications industry in Spain. Is New 90 Day High Low • Oct 29
New 90-day low: €0.22 The company is down 26% from its price of €0.30 on 30 July 2020. The Spanish market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.27 per share. Is New 90 Day High Low • Oct 01
New 90-day low: €0.23 The company is down 34% from its price of €0.34 on 03 July 2020. The Spanish market is down 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.29 per share.