Buy Or Sell Opportunity • Jul 01
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to €2.80. 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 29% over the last year. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jun 25
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to €2.80. 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 22% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to €2.84, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 42x in the Software industry in France. Total loss to shareholders of 17% over the past three years. Buy Or Sell Opportunity • Jun 17
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to €2.84. 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 22% over the last 3 years. Meanwhile, the company has become profitable. Duyuru • May 27
Travel Technology Interactive, Annual General Meeting, Jun 28, 2024 Travel Technology Interactive, Annual General Meeting, Jun 28, 2024. Location: 14 rue delambre, paris France Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €2.70, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 39x in the Software industry in France. Total loss to shareholders of 46% over the past three years. Buy Or Sell Opportunity • May 07
Now 21% overvalued Over the last 90 days, the stock has fallen 16% to €2.70. 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 22% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Apr 29
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: Major Risk Share price has been highly volatile over the past 3 months (30% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Short dividend paying track record (1 year of continuous dividend payments). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (€21.2m market cap, or US$22.8m). Buy Or Sell Opportunity • Apr 19
Now 42% overvalued Over the last 90 days, the stock has fallen 36% to €3.18. The fair value is estimated to be €2.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 37% After last week's 37% share price gain to €3.20, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 55x in the Software industry in France. Total loss to shareholders of 32% over the past three years. Buy Or Sell Opportunity • Apr 03
Now 45% overvalued Over the last 90 days, the stock has fallen 47% to €3.20. The fair value is estimated to be €2.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to €2.26, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 57x in the Software industry in France. Total loss to shareholders of 60% over the past three years. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to €3.98, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 58x in the Software industry in France. Total returns to shareholders of 9.9% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 53% After last week's 53% share price gain to €4.00, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 60x in the Software industry in France. Total returns to shareholders of 6.6% over the past three years. Buy Or Sell Opportunity • Feb 15
Now 83% overvalued Over the last 90 days, the stock has fallen 55% to €4.00. 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 22% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €4.00, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 61x in the Software industry in France. Total loss to shareholders of 5.2% over the past three years. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €5.00, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 59x in the Software industry in France. Total returns to shareholders of 6.6% over the past three years. New Risk • Jan 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% 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: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (€56.4m market cap, or US$61.7m). Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €6.55, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 62x in the Software industry in France. Total returns to shareholders of 110% over the past three years. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €7.90, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 56x in the Software industry in France. Total returns to shareholders of 114% over the past three years. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €7.20, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 46x in the Software industry in France. Total returns to shareholders of 87% over the past three years. Reported Earnings • Oct 18
First half 2023 earnings released: EPS: €0.14 (vs €0.072 in 1H 2022) First half 2023 results: EPS: €0.14 (up from €0.072 in 1H 2022). Revenue: €3.49m (up 18% from 1H 2022). Net income: €1.08m (up 91% from 1H 2022). Profit margin: 31% (up from 19% in 1H 2022). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. New Risk • Oct 08
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: Major Risk Share price has been highly volatile over the past 3 months (25% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (€51.4m market cap, or US$54.4m). Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to €7.00, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 44x in the Software industry in France. Total returns to shareholders of 96% over the past three years. Buying Opportunity • Sep 21
Now 22% undervalued Over the last 90 days, the stock is up 104%. The fair value is estimated to be €10.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 104%. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improves as stock rises 51% After last week's 51% share price gain to €6.80, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 42x in the Software industry in France. Total returns to shareholders of 142% over the past three years. Buying Opportunity • Aug 25
Now 40% undervalued Over the last 90 days, the stock is up 75%. The fair value is estimated to be €10.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 104%. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €16.20, the stock trades at a trailing P/E ratio of 72.5x. Average trailing P/E is 49x in the Software industry in France. Total returns to shareholders of 699% over the past three years. New Risk • Jul 25
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 10.0% 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 (10.0% average weekly change). Minor Risk Market cap is less than US$100m (€63.5m market cap, or US$70.2m). Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €5.85, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 38x in the Software industry in France. Total returns to shareholders of 109% over the past three years. Upcoming Dividend • May 08
Upcoming dividend of €0.12 per share at 3.1% yield Eligible shareholders must have bought the stock before 15 May 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of French dividend payers (5.4%). Higher than average of industry peers (0.6%). Reported Earnings • Mar 22
Full year 2022 earnings released: EPS: €0.22 (vs €0.065 in FY 2021) Full year 2022 results: EPS: €0.22 (up from €0.065 in FY 2021). Revenue: €6.43m (up 46% from FY 2021). Net income: €1.75m (up 244% from FY 2021). Profit margin: 27% (up from 12% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €3.00, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 43x in the Software industry in France. Total loss to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment deteriorated over the past week After last week's 27% share price decline to €1.80, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 35x in the Software industry in France. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment deteriorated over the past week After last week's 33% share price decline to €1.75, the stock trades at a trailing P/E ratio of 27x. Average trailing P/E is 32x in the Software industry in France. Total returns to shareholders of 1.7% over the past three years. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment deteriorated over the past week After last week's 27% share price decline to €1.75, the stock trades at a trailing P/E ratio of 27x. Average trailing P/E is 31x in the Software industry in France. Total loss to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment deteriorated over the past week After last week's 30% share price decline to €1.75, the stock trades at a trailing P/E ratio of 27x. Average trailing P/E is 32x in the Software industry in France. Total loss to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €1.92, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 36x in the Software industry in France. Total loss to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improved over the past week After last week's 17% share price gain to €2.68, the stock trades at a trailing P/E ratio of 41.3x. Average trailing P/E is 38x in the Software industry in France. Total loss to shareholders of 50% over the past year. Reported Earnings • May 01
Full year 2021 earnings released: EPS: €0.06 (vs €0.087 loss in FY 2020) Full year 2021 results: EPS: €0.06 (up from €0.087 loss in FY 2020). Revenue: €4.41m (up 25% from FY 2020). Net income: €509.0k (up €1.19m from FY 2020). Profit margin: 12% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Reported Earnings • May 04
Full year 2020 earnings released: €0.09 loss per share (vs €0.021 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: €3.52m (down 32% from FY 2019). Net loss: €680.0k (down €829.0k from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 102% per year, which means it is well ahead of earnings.