Duyuru • Jul 03
Netgem Sa Approves Dividend, Payable on July 10, 2026 Netgem SA announced at the AGM held on June 29, 2026, decided the payment of a dividend of EUR 0.05 per share, detached on 8 July 2026 and payable on 10 July 2026. Upcoming Dividend • Jul 01
Upcoming dividend of €0.05 per share Eligible shareholders must have bought the stock before 08 July 2026. Payment date: 10 July 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.8%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.9%). Duyuru • May 21
Netgem SA, Annual General Meeting, Jun 29, 2026 Netgem SA, Annual General Meeting, Jun 29, 2026. Location: 103 rue de grenelle, paris France Board Change • May 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. 4 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Representative Director Laura Wilner was the last director to join the board, commencing their role in 2023. 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 • Dec 30
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. 5 non-independent directors. Representative Director Laura Wilner was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Mar 29
Netgem SA, Annual General Meeting, May 22, 2025 Netgem SA, Annual General Meeting, May 22, 2025. Buy Or Sell Opportunity • Sep 04
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to €0.73. The fair value is estimated to be €0.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 7.6% in 2 years. Earnings are forecast to grow by 186% in the next 2 years. New Risk • Aug 09
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 6.8% 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 309% Cash payout ratio: 156% Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (€26.5m market cap, or US$28.9m). Buy Or Sell Opportunity • Aug 06
Now 29% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to €0.67. The fair value is estimated to be €0.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 7.7% in 2 years. Earnings are forecast to grow by 203% in the next 2 years. Reported Earnings • Aug 05
First half 2024 earnings released First half 2024 results: Revenue: €16.7m (down 7.5% from 1H 2023). Net income: €800.0k (up €939.0k from 1H 2023). Profit margin: 4.8% (up from net loss in 1H 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany. Upcoming Dividend • Jun 05
Upcoming dividend of €0.05 per share Eligible shareholders must have bought the stock before 12 June 2024. Payment date: 14 June 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.3%). Reported Earnings • May 04
Full year 2023 earnings released: EPS: €0.016 (vs €0.004 in FY 2022) Full year 2023 results: EPS: €0.016 (up from €0.004 in FY 2022). Revenue: €35.6m (down 2.0% from FY 2022). Net income: €541.0k (up 401% from FY 2022). Profit margin: 1.5% (up from 0.3% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Software industry in Germany. 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 9% per year, which means it has not declined as severely as earnings. Declared Dividend • Apr 29
Dividend of €0.05 announced Shareholders will receive a dividend of €0.05. Ex-date: 12th June 2024 Payment date: 14th June 2024 Dividend yield will be 5.3%, which is higher than the industry average of 1.5%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 248% to bring the payout ratio under control. EPS is expected to grow by 333% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. New Risk • Feb 18
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). Dividend is not well covered by earnings (313% payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (€32.5m market cap, or US$35.1m). New Risk • Aug 03
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 43% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (313% payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (€35.1m market cap, or US$38.4m). Reported Earnings • Aug 03
First half 2023 earnings released First half 2023 results: Revenue: €18.1m (up 11% from 1H 2022). Net loss: €100.0k (loss narrowed 81% from 1H 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Software industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. New Risk • Jul 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% 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 Dividend is not well covered by earnings and cash flows. Dividend per share is over 13x earnings per share. Cash payout ratio: 292% Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (€33.9m market cap, or US$37.3m). Duyuru • Jun 24
Netgem SA (ENXTPA:ALNTG) acquired Eclair Préservation and Eclair Digital Services for an enterprise value of 4 million. Netgem SA (ENXTPA:ALNTG) acquired Eclair Préservation and Eclair Digital Services for an enterprise value of 4 million on June 23, 2023. In parallel with these acquisitions, Netgem has announced that it is buying out the minority stakes held by Caisse des Dépôts and Oceinde in Vitis.Netgem SA (ENXTPA:ALNTG) completed the acquisition of Eclair Préservation and Eclair Digital Services for an enterprise value of 4 million on June 23, 2023. Upcoming Dividend • May 31
Upcoming dividend of €0.05 per share at 4.7% yield Eligible shareholders must have bought the stock before 07 June 2023. Payment date: 09 June 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 4.7%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.6%). Duyuru • Feb 02
J.2.H. SARL acquired additional unknown minority stake in Netgem SA (ENXTPA:ALNTG). J.2.H. SARL acquired additional unknown minority stake in Netgem SA (ENXTPA:ALNTG) on January 20, 2023. Following this transaction, J.2.H. SARL’s shareholding has reached to 8,992,435 NETGEM shares, representing 29.27% of its capital.J.2.H. SARL completed the acquisition of additional unknown minority stake in Netgem SA (ENXTPA:ALNTG) on January 20, 2023. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. 1 independent director (6 non-independent directors). Representative Director Catherine Haddad was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Jul 31
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up €976.0k 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 35%, compared to a 7.8% growth forecast for the industry in Germany. Upcoming Dividend • May 31
Upcoming dividend of €0.03 per share Eligible shareholders must have bought the stock before 07 June 2022. Payment date: 09 June 2022. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.3%). Higher than average of industry peers (2.0%). Reported Earnings • May 01
Full year 2021 earnings released: €0.045 loss per share (vs €0.25 profit in FY 2020) Full year 2021 results: €0.045 loss per share (down from €0.25 profit in FY 2020). Revenue: €28.3m (down 6.5% from FY 2020). Net loss: €1.31m (down 118% from profit in FY 2020). Over the next year, revenue is forecast to grow 17%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. 1 independent director (6 non-independent directors). Representative Director Catherine Haddad was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 03
First half 2021 earnings released The company reported a poor first half result with weaker earnings, revenues and control over costs. First half 2021 results: Revenue: €14.7m (down 4.3% from 1H 2020). Net loss: €1.00m (down 112% from profit in 1H 2020). Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €1.36, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 35x in the Software industry in Germany. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.89 per share. Is New 90 Day High Low • Mar 08
New 90-day high: €1.53 The company is up 52% from its price of €1.01 on 08 December 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software 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 €8.75 per share. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improved over the past week After last week's 16% share price gain to €1.36, the stock is trading at a trailing P/E ratio of 10.6x, up from the previous P/E ratio of 9.1x. This compares to an average P/E of 31x in the Software industry in Germany. Total return to shareholders over the past three years is a loss of 39%. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improved over the past week After last week's 16% share price gain to €1.26, the stock is trading at a trailing P/E ratio of 9.2x, up from the previous P/E ratio of 7.9x. This compares to an average P/E of 27x in the Software industry in Germany. Total return to shareholders over the past three years is a loss of 47%. Is New 90 Day High Low • Jan 23
New 90-day high: €1.42 The company is up 29% from its price of €1.10 on 23 October 2020. The German 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 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.98 per share. Is New 90 Day High Low • Nov 27
New 90-day low: €0.96 The company is down 16% from its price of €1.14 on 28 August 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is down 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.51 per share. Is New 90 Day High Low • Oct 30
New 90-day low: €0.97 The company is down 7.0% from its price of €1.05 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is down 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.25 per share.