Reported Earnings • Aug 19
First half 2023 earnings released: €0.24 loss per share (vs €0.04 profit in 1H 2022) First half 2023 results: €0.24 loss per share (down from €0.04 profit in 1H 2022). Revenue: €12.5m (up 12% from 1H 2022). Net loss: €555.0k (down €658.2k from profit in 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. New Risk • Aug 17
New major risk - Revenue and earnings growth Earnings have declined by 19% 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 Risks Earnings have declined by 19% per year over the past 5 years. Market cap is less than US$10m (€6.74m market cap, or US$7.33m). Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €3.70, the stock trades at a trailing P/E ratio of 35x. Average forward P/E is 22x in the Tech industry in Europe. Total returns to shareholders of 5.4% over the past three years. Price Target Changed • Aug 04
Price target decreased to €9.70 Down from €10.80, the current price target is provided by 1 analyst. New target price is 64% above last closing price of €5.90. Stock is down 20% over the past year. The company posted earnings per share of €0.13 last year. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 16% share price gain to €6.05, the stock trades at a trailing P/E ratio of 45.9x. Average forward P/E is 24x in the Tech industry in Europe. Total returns to shareholders of 63% over the past three years. Reported Earnings • Apr 29
Full year 2021 earnings released Full year 2021 results: Revenue: €23.9m (up 14% from FY 2020). Net income: €306.0k (down 43% from FY 2020). Profit margin: 1.3% (down from 2.5% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 6.4%, compared to a 3.5% growth forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improved over the past week After last week's 16% share price gain to €9.20, the stock trades at a trailing P/E ratio of 34.9x. Average trailing P/E is 24x in the Tech industry in Europe. Total returns to shareholders of 124% over the past three years. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €6.55, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 25x in the Tech industry in Europe. Total returns to shareholders of 49% over the past three years. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improved over the past week After last week's 15% share price gain to €7.25, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 24x in the Tech industry in Europe. Total returns to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improved over the past week After last week's 25% share price gain to €7.10, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 25x in the Tech industry in Europe. Total returns to shareholders of 78% over the past three years. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 19% share price gain to €5.50, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 23x in the Tech industry in Europe. Total returns to shareholders of 57% over the past three years. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improved over the past week After last week's 24% share price gain to €4.98, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 26x in the Tech industry in Europe. Total returns to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 16% share price gain to €4.40, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 27x in the Tech industry in Europe. Total returns to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After last week's 18% share price gain to €4.50, the stock is trading at a trailing P/E ratio of 28x, up from the previous P/E ratio of 23.7x. This compares to an average P/E of 27x in the Tech industry in Europe. Total returns to shareholders over the past three years are 15%. Is New 90 Day High Low • Feb 10
New 90-day high: €4.18 The company is up 20% from its price of €3.48 on 11 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Tech industry, which is up 34% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: €4.12 The company is up 5.0% from its price of €3.92 on 10 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Tech industry, which is up 23% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: €3.50 The company is down 3.0% from its price of €3.60 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Tech industry, which is up 18% over the same period. Duyuru • Oct 13
InterCard AG Informationssysteme announced that it expects to receive €0.6422 million in funding InterCard AG Informationssysteme (DB:II8) announced that it will issue 169,000 new no-par value bearer shares for gross proceeds of €642,200 on October 12, 2020. Post capital increase, the share capital of the company will be increased from €1,690,000 by €169,000 to €1,859,000.