Board Change • 4h
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 Cyril Ranque was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 30
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 Cyril Ranque was the last independent director to join the board, commencing their role in 2022. 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 • Aug 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €20.60, the stock trades at a forward P/E ratio of 22x. Average trailing P/E is 18x in the Hospitality industry in Germany. Total loss to shareholders of 37% over the past three years. Reported Earnings • Aug 13
First half 2024 earnings released: EPS: €0.94 (vs €0.69 in 1H 2023) First half 2024 results: EPS: €0.94 (up from €0.69 in 1H 2023). Revenue: €162.8m (down 7.3% from 1H 2023). Net income: €9.99m (up 36% from 1H 2023). Profit margin: 6.1% (up from 4.2% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 05
Full year 2023 earnings released: EPS: €0.65 (vs €1.37 loss in FY 2022) Full year 2023 results: EPS: €0.65 (up from €1.37 loss in FY 2022). Revenue: €327.9m (up 11% from FY 2022). Net income: €6.96m (up €21.1m from FY 2022). Profit margin: 2.1% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. New Risk • Feb 19
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. This is currently the only risk that has been identified for the company. New Risk • Aug 10
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 German 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 06
First half 2023 earnings released: EPS: €0.69 (vs €1.37 in 1H 2022) First half 2023 results: EPS: €0.69 (down from €1.37 in 1H 2022). Revenue: €175.7m (up 13% from 1H 2022). Net income: €7.38m (down 50% from 1H 2022). Profit margin: 4.2% (down from 9.6% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 14
Full year 2022 earnings released: €1.37 loss per share (vs €0.87 loss in FY 2021) Full year 2022 results: €1.37 loss per share (further deteriorated from €0.87 loss in FY 2021). Revenue: €294.4m (up 106% from FY 2021). Net loss: €15.2m (loss widened 58% from FY 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €24.00, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 63x in the Hospitality industry in Germany. Total returns to shareholders of 24% over the past three years. Duyuru • Jan 24
lastminute.com N.V. to Report Fiscal Year 2022 Results on Feb 07, 2023 lastminute.com N.V. announced that they will report fiscal year 2022 results on Feb 07, 2023 Board Change • Dec 29
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Independent Non-Executive Director Massimo Pedrazzini is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Duyuru • Dec 23
lastminute.com N.V. to Report First Half, 2023 Results on Aug 03, 2023 lastminute.com N.V. announced that they will report first half, 2023 results on Aug 03, 2023 Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €19.60, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 27x in the Hospitality industry in Germany. Total loss to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €17.00, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 28x in the Hospitality industry in Germany. Total loss to shareholders of 49% over the past three years. Reported Earnings • Aug 06
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up €17.6m from 1H 2021). Profit margin: (up from net loss in 1H 2021). The move to profitability was driven by lower expenses. Over the next year, revenue is forecast to grow 23%, compared to a 725% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Buying Opportunity • Jan 26
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be €43.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 30% per annum over the last 3 years. Earnings per share has declined by 96% per annum over the last 3 years. Reported Earnings • Aug 09
First half 2021 earnings released: €1.60 loss per share (vs €2.64 loss in 1H 2020) The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: €52.8m (down 22% from 1H 2020). Net loss: €17.6m (loss narrowed 40% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 137 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 28
Full year 2020 earnings released: €5.56 loss per share (vs €2.27 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: €105.1m (down 70% from FY 2019). Net loss: €61.2m (down 345% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 04
New 90-day high: €27.60 The company is up 17% from its price of €23.60 on 04 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 12% over the same period. Executive Departure • Feb 20
Non-Executive Chairman Ottonel Popesco has left the company On the 15th of February, Ottonel Popesco's tenure in the role of Non-Executive Chairman ended. We don't have any record of a personal shareholding under Ottonel's name. Ottonel is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Jan 06
New 90-day high: €25.60 The company is up 53% from its price of €16.70 on 08 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 28% over the same period. Is New 90 Day High Low • Nov 12
New 90-day high: €19.80 The company is up 5.0% from its price of €18.80 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Online Retail industry, which is up 7.0% over the same period. Is New 90 Day High Low • Oct 17
New 90-day low: €15.70 The company is down 24% from its price of €20.60 on 17 July 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 20% over the same period. Is New 90 Day High Low • Sep 23
New 90-day low: €17.30 The company is down 21% from its price of €21.80 on 25 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 8.0% over the same period.