New Risk • Aug 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.66m (US$9.98m) This is considered a major 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: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Market cap is less than US$10m (€8.66m market cap, or US$9.98m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Major Estimate Revision • Jul 30
Consensus revenue estimates fall by 29% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €28.3m to €20.0m. EPS estimate fell from €0.15 to €0.08 per share. Net income forecast to grow 8.9% next year vs 4.7% decline forecast for Real Estate industry in France. Consensus price target down from €2.71 to €2.33. Share price was steady at €2.32 over the past week. New Risk • Jul 05
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.4x 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 Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (€9.69m market cap, or US$11.1m). Reported Earnings • Jun 10
Full year 2025 earnings released: EPS: €0.15 (vs €0.22 in FY 2024) Full year 2025 results: EPS: €0.15 (down from €0.22 in FY 2024). Revenue: €20.9m (down 14% from FY 2024). Net income: €303.0k (down 66% from FY 2024). Profit margin: 1.5% (down from 3.7% in FY 2024). Revenue is forecast to grow 24% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Europe are expected to remain flat. Duyuru • May 25
Les Constructeurs du Bois S.A., Annual General Meeting, Jun 30, 2026 Les Constructeurs du Bois S.A., Annual General Meeting, Jun 30, 2026. Location: 9 allee des chenes, epinal France New Risk • Apr 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 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). High level of non-cash earnings (24% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (9.3% average weekly change). Profit margins are more than 30% lower than last year (2.8% net profit margin). Market cap is less than US$100m (€11.4m market cap, or US$13.4m). Buy Or Sell Opportunity • Apr 01
Now 21% overvalued Over the last 90 days, the stock has fallen 8.3% to €2.66. The fair value is estimated to be €2.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 66% over the last year. Earnings per share has declined by 7.3%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 55% in the next 2 years. Buy Or Sell Opportunity • Mar 12
Now 22% overvalued Over the last 90 days, the stock has fallen 6.9% to €2.68. The fair value is estimated to be €2.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 66% over the last year. Earnings per share has declined by 7.3%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 55% in the next 2 years. Buy Or Sell Opportunity • Feb 24
Now 28% overvalued Over the last 90 days, the stock has fallen 1.4% to €2.86. The fair value is estimated to be €2.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 66% over the last year. Earnings per share has declined by 7.3%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 55% in the next 2 years. New Risk • Dec 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of French stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Share price has been highly volatile over the past 3 months (9.8% average weekly change). High level of non-cash earnings (24% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.8% net profit margin). Market cap is less than US$100m (€12.3m market cap, or US$14.4m). Major Estimate Revision • Oct 03
Consensus EPS estimates fall by 57% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.23 to €0.10 per share. Revenue forecast steady at €24.3m. Net income forecast to shrink 52% next year vs 19% growth forecast for Real Estate industry in France . Consensus price target down from €4.62 to €3.82. Share price rose 3.6% to €3.44 over the past week. Price Target Changed • Oct 02
Price target decreased by 13% to €3.82 Down from €4.40, the current price target is provided by 1 analyst. New target price is 14% above last closing price of €3.34. Stock is down 4.0% over the past year. The company is forecast to post earnings per share of €0.10 for next year compared to €0.22 last year. New Risk • Jun 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of French stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (46% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (3.7% net profit margin). Market cap is less than US$100m (€14.5m market cap, or US$16.7m). Duyuru • May 24
Les Constructeurs du Bois S.A., Annual General Meeting, Jun 30, 2025 Les Constructeurs du Bois S.A., Annual General Meeting, Jun 30, 2025. Location: 9 allee des chenes, epinal France New Risk • Apr 22
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2022. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (€13.5m market cap, or US$15.5m). Major Estimate Revision • Sep 25
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.38 to €0.33. Revenue forecast unchanged from €24.0m at last update. Net income forecast to grow 20% next year vs 22% growth forecast for Real Estate industry in France. Consensus price target of €4.92 unchanged from last update. Share price rose 6.7% to €3.50 over the past week. Duyuru • May 26
Les Constructeurs du Bois S.A., Annual General Meeting, Jun 28, 2024 Les Constructeurs du Bois S.A., Annual General Meeting, Jun 28, 2024. Location: 9 allee des chenes, epinal France Major Estimate Revision • Apr 01
Consensus EPS estimates increase by 37%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from €27.3m to €27.0m. EPS estimate rose from €0.35 to €0.48. Net income forecast to grow 20% next year vs 5.0% growth forecast for Real Estate industry in France. Consensus price target up from €4.40 to €4.92. Share price rose 4.8% to €3.94 over the past week. New Risk • Mar 29
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2022. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Profit margins are more than 30% lower than last year (4.6% net profit margin). Shareholders have been diluted in the past year (7.1% increase in shares outstanding). Market cap is less than US$100m (€16.9m market cap, or US$18.2m). Price Target Changed • Mar 28
Price target increased by 13% to €4.92 Up from €4.36, the current price target is provided by 1 analyst. New target price is 31% above last closing price of €3.76. Stock is down 15% over the past year. New Risk • Jan 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.1% 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Profit margins are more than 30% lower than last year (4.6% net profit margin). Profit margins are more than 30% lower than last year (4.6% net profit margin). Shareholders have been diluted in the past year (7.1% increase in shares outstanding). Market cap is less than US$100m (€16.4m market cap, or US$17.8m). Market cap is less than US$100m (€16.4m market cap, or US$17.8m). New Risk • Nov 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of French stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Profit margins are more than 30% lower than last year (4.6% net profit margin). Market cap is less than US$100m (€14.0m market cap, or US$15.2m). New Risk • Oct 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 December 2022 fiscal period end). Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (4.6% net profit margin). Market cap is less than US$100m (€17.4m market cap, or US$18.3m). Reported Earnings • Apr 02
Full year 2022 earnings released Full year 2022 results: Revenue: €10.8m (up 33% from FY 2021). Net income: €500.0k (down 17% from FY 2021). Profit margin: 4.6% (down from 7.4% in FY 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improved over the past week After last week's 18% share price gain to €4.12, the stock trades at a trailing P/E ratio of 39.7x. Average trailing P/E is 12x in the Real Estate industry in France. Reported Earnings • Mar 27
Full year 2020 earnings released The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: €5.10m (up 30% from FY 2019). Net income: €500.0k (up 20% from FY 2019). Profit margin: 9.8% (in line with FY 2019). Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improved over the past week After last week's 16% share price gain to €1.97, the stock is trading at a trailing P/E ratio of 19x, up from the previous P/E ratio of 16.4x. This compares to an average P/E of 11x in the Real Estate industry in France. Is New 90 Day High Low • Feb 02
New 90-day high: €1.77 The company is up 12% from its price of €1.58 on 03 November 2020. The French market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 22% over the same period.