New Risk • May 04
New major risk - Revenue and earnings growth Earnings have declined by 29% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 16
Full year 2025 earnings released: EPS: €0.13 (vs €0.082 loss in FY 2024) Full year 2025 results: EPS: €0.13 (up from €0.082 loss in FY 2024). Revenue: €54.4m (up 5.6% from FY 2024). Net income: €4.24m (up €6.95m from FY 2024). Profit margin: 7.8% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Price Target Changed • Mar 06
Price target increased by 10% to €5.50 Up from €5.00, the current price target is provided by 1 analyst. New target price is 49% above last closing price of €3.70. Stock is down 2.1% over the past year. The company is forecast to post earnings per share of €0.20 next year compared to a net loss per share of €0.082 last year. New Risk • Feb 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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. This is currently the only risk that has been identified for the company. Duyuru • Dec 18
Hybrid Software Group PLC to Report Fiscal Year 2025 Results on Mar 12, 2026 Hybrid Software Group PLC announced that they will report fiscal year 2025 results on Mar 12, 2026 Reported Earnings • Jul 24
First half 2025 earnings released First half 2025 results: Revenue: €26.6m (down 1.2% from 1H 2024). Net income: €1.64m (down 24% from 1H 2024). Profit margin: 6.2% (down from 8.0% in 1H 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Europe. New Risk • May 02
New major risk - Revenue and earnings growth Earnings have declined by 4.8% 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 4.8% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Duyuru • Apr 04
Hybrid Software Group PLC, Annual General Meeting, May 15, 2025 Hybrid Software Group PLC, Annual General Meeting, May 15, 2025. Reported Earnings • Mar 20
Full year 2024 earnings released: €0.09 loss per share (vs €0.04 profit in FY 2023) Full year 2024 results: €0.09 loss per share (down from €0.04 profit in FY 2023). Revenue: €51.5m (up 7.2% from FY 2023). Net loss: €2.71m (down 305% from profit in FY 2023). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. New Risk • Feb 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (6.1% average weekly change). Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €4.36, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 20x in the Software industry in Europe. Total loss to shareholders of 14% over the past three years. Duyuru • Dec 11
Hybrid Software Group PLC (ENXTBR:HYSG) announces an Equity Buyback for €1 million worth of its shares. Hybrid Software Group PLC (ENXTBR:HYSG) announces a share repurchase program. Under the program, the company will repurchase up to €1 million worth of its common shares. The program will be funded using existing cash balances on hand. The program is expected to be executed over the next 12 to 24 months. Reported Earnings • Jul 26
First half 2024 earnings released First half 2024 results: Revenue: €26.9m (up 8.1% from 1H 2023). Net income: €2.15m (up €2.49m from 1H 2023). Profit margin: 8.0% (up from net loss in 1H 2023). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Software industry in Europe. Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: €0.04 (vs €0.04 in FY 2022) Full year 2023 results: EPS: €0.04 (in line with FY 2022). Revenue: €48.0m (up 2.9% from FY 2022). Net income: €1.32m (up 1.5% from FY 2022). Profit margin: 2.7% (down from 2.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. New Risk • Feb 12
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: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). New Risk • Oct 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €92.6m (US$98.8m) This is considered a minor 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: Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (€92.6m market cap, or US$98.8m). New Risk • Aug 08
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 Belgian stocks, typically moving 4.6% 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 (4.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Reported Earnings • Jul 30
First half 2023 earnings released First half 2023 results: Revenue: €24.9m (up 6.3% from 1H 2022). Net loss: €334.0k (down 191% from profit in 1H 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Reported Earnings • Apr 13
Full year 2022 earnings released: EPS: €0.04 (vs €0.15 in FY 2021) Full year 2022 results: EPS: €0.04 (down from €0.15 in FY 2021). Revenue: €46.7m (down 3.8% from FY 2021). Net income: €1.30m (down 74% from FY 2021). Profit margin: 2.8% (down from 10% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. 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 Non-Executive Director Luc Vos was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improved over the past week After last week's 17% share price gain to €4.44, the stock trades at a trailing P/E ratio of 51.7x. Average trailing P/E is 27x in the Software industry in Europe. Total returns to shareholders of 27% over the past three years. Reported Earnings • Jul 30
First half 2022 earnings released First half 2022 results: Revenue: €23.4m (down 1.4% from 1H 2021). Net income: €366.0k (down 85% from 1H 2021). Profit margin: 1.6% (down from 10% in 1H 2021). Board Change • Jun 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. 3 non-independent directors. Independent Non-Executive Director Luc Vos was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Apr 29
Now 22% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be €7.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 2.6%. Reported Earnings • Apr 27
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: €0.15 (up from €0.15 in FY 2020). Revenue: €48.6m (up 116% from FY 2020). Net income: €4.91m (up 181% from FY 2020). Profit margin: 10% (up from 7.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 02
First half 2021 earnings released: EPS €0.078 (vs €0.18 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: €23.8m (up 100% from 1H 2020). Net income: €2.46m (up 18% from 1H 2020). Profit margin: 10% (down from 18% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improved over the past week After last week's 19% share price gain to €4.72, the stock trades at a trailing P/E ratio of 31.6x. Average trailing P/E is 49x in the Software industry in Europe. Total returns to shareholders of 51% over the past three years. Is New 90 Day High Low • Mar 04
New 90-day low: €3.30 The company is down 14% from its price of €3.84 on 04 December 2020. The Belgian market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 8.0% over the same period. Duyuru • Feb 11
Luc De Vos Joins Global Graphics PLC's Board of Directors, Effective 15 February 2021 Global Graphics PLC announced that Luc De Vos has been appointed as an independent, non-executive director with effect from 15 February 2021. Is New 90 Day High Low • Dec 08
New 90-day high: €4.20 The company is up 17% from its price of €3.60 on 09 September 2020. The Belgian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 13% over the same period. Duyuru • Jul 25
Global Graphics PLC to Report First Half, 2020 Results on Aug 04, 2020 Global Graphics PLC announced that they will report first half, 2020 results on Aug 04, 2020