Board Change • Oct 19
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. 6 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 • Oct 08
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Shareholders have been diluted in the past year (7.8% increase in shares outstanding). Market cap is less than US$100m (€30.1m market cap, or US$31.9m). Reported Earnings • Oct 06
First half 2023 earnings released First half 2023 results: Revenue: €48.3m (up 45% from 1H 2022). Net loss: €9.34m (down €11.3m from profit in 1H 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Media industry in Germany. Reported Earnings • Apr 17
Full year 2022 earnings released Full year 2022 results: Revenue: €79.3m (up 28% from FY 2021). Net income: €1.05m (down 73% from FY 2021). Profit margin: 1.3% (down from 6.3% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Media industry in Germany. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €1.08, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Media industry in Europe. Total loss to shareholders of 56% over the past year. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 27% share price gain to €2.10, the stock trades at a trailing P/E ratio of 25.8x. Average forward P/E is 13x in the Media industry in Germany. Total loss to shareholders of 38% over the past year. 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. 6 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 • Oct 04
First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021) First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €33.8m (up 22% from 1H 2021). Net income: €1.92m (up 30% from 1H 2021). Profit margin: 5.7% (up from 5.3% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Media industry in Germany. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improved over the past week After last week's 15% share price gain to €2.03, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Media industry in Germany. Total loss to shareholders of 9.4% over the past year. Duyuru • Jun 23
MeglioQuesto S.p.A. (BIT:1CALL) agreed to acquire Smart Contact S.R.L. from unknown sellers for €8.7 million. MeglioQuesto S.p.A. (BIT:1CALL) agreed to acquire Smart Contact S.R.L. from unknown sellers for € 8.7 million on June 21, 2022. The Transaction will be carried out for a maximum consideration of € 6.3 million for the purchase of 51% of Smart Contact’s capital and will be subject to a number of contractually agreed price adjustments based on the actual NFP and the change in NWC at the closing. The Consideration will therefore be settled in cash in two instalments, a First Instalment of € 2.5 million on the date of the closing, and a Second Instalment for the remainder, to be paid no later than 15 December 2022. With regard to the remaining shares (49%) of Smart Contacta reserved capital increase will be resolved no later than 15 October 2022. The Rights Issue will raise up to € 6 million by issuing a maximum of 1.2 million ordinary shares in a single tranche at an issue price of € 4.8 per share. As part of the agreement entered into for the purpose of the Transaction, the Sellers will be bound by a specific lock-up commitment in relation to MeglioQuesto's shares received, for a term of 24 months effective from the date of the closing. In addition, under the agreement MeglioQuesto is to pay an earn-out, consisting of additional amounts paid by transferring MeglioQuesto shares to the Sellers, as part of the overall consideration for the shares—provided specific profitability targets for the years 2023, 2024 and 2025 are met. In addition to the foregoing, at the closing, MeglioQuesto and the Sellers will enter into management agreements governing the terms and conditions of dealings between them in their capacity as directors of Smart Contact. Smart Contact generates the revenue of €12.4 million, EBITDA of €1.9 million and Net Profit of €0.6 million in 2021. The arrangements underlying the Transaction include terms and conditions deemed as customary for deals of this nature, including Sellers’ indemnification obligations and warranties related thereto. Subject to a number of conditions precedent usually applicable to agreements of this kind, the Transaction is expected to close by 30 June 2022. Maurizio Piras and Nicola Littarru of Legit acted as legal advisor and Federico Lonoce of Alvarium acted as financial advisor to MeglioQuesto. Board Change • Apr 29
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. 6 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 • Apr 20
Full year 2021 earnings released Full year 2021 results: EPS: €0.074. Revenue: €61.9m (up 28% from FY 2020). Net income: €3.89m (up 125% from FY 2020). Profit margin: 6.3% (up from 3.6% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 51%, compared to a 8.3% growth forecast for the industry in Germany. Duyuru • Mar 31
MeglioQuesto S.p.A. (BIT:1CALL) entered into an agreement to acquire 55% stake in Eureweb Srl from Psg Holding Srl for €18.8 million. MeglioQuesto S.p.A. (BIT:1CALL) entered into an agreement to acquire 55% stake in Eureweb Srl from Psg Holding Srl for €18.8 million on March 29, 2022. The payment will be done in tranches and to pay first tranche 714,000 treasury shares valorized at €4.8.The transaction is expected to close on June 14, 2022. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improved over the past week After last week's 19% share price gain to €2.90, the stock trades at a trailing P/E ratio of 64.1x. Average forward P/E is 15x in the Media industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €5.04 per share. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 22% share price decline to €2.32, the stock trades at a trailing P/E ratio of 50.2x. Average forward P/E is 14x in the Media industry in Germany. 