Duyuru • Sep 30
Digital Bros S.p.A., Annual General Meeting, Oct 28, 2024 Digital Bros S.p.A., Annual General Meeting, Oct 28, 2024, at 09:00 W. Europe Standard Time. Location: via tortona 37, milano Italy Board Change • Oct 09
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. 8 experienced directors. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Sylvia Bartyan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to €13.99, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 22x in the Entertainment industry in the United Kingdom. Total loss to shareholders of 33% over the past three years. Board Change • Jul 13
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Sylvia Bartyan was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 08
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Sylvia Bartyan was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 18
Third quarter 2023 earnings released: EPS: €0.26 (vs €0.34 in 3Q 2022) Third quarter 2023 results: EPS: €0.26 (down from €0.34 in 3Q 2022). Revenue: €29.4m (up 6.4% from 3Q 2022). Net income: €3.62m (down 26% from 3Q 2022). Profit margin: 12% (down from 18% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Entertainment industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • May 18
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Sylvia Bartyan was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 06
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Sylvia Bartyan was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 06
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Sylvia Bartyan was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 04
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Sylvia Bartyan was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 08
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Sylvia Bartyan was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 15
Third quarter 2022 earnings released: EPS: €0.34 (vs €0.31 in 3Q 2021) Third quarter 2022 results: EPS: €0.34 (up from €0.31 in 3Q 2021). Revenue: €27.6m (down 16% from 3Q 2021). Net income: €4.92m (up 11% from 3Q 2021). Profit margin: 18% (up from 13% in 3Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 30%, compared to a 32% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Board Change • May 06
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Sylvia Bartyan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Mar 29
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Sylvia Bartyan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Mar 10
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: €0.46 (down from €0.56 in 2Q 2021). Revenue: €30.4m (down 28% from 2Q 2021). Net income: €6.53m (down 18% from 2Q 2021). Profit margin: 22% (up from 19% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 22%, compared to a 39% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 66% per year, which means it is significantly lagging earnings growth. Board Change • Feb 24
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Sylvia Bartyan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Dec 13
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Sylvia Bartyan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 17
First quarter 2022 earnings released: EPS €0.29 (vs €0.55 in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: €24.9m (down 36% from 1Q 2021). Net income: €4.09m (down 48% from 1Q 2021). Profit margin: 16% (down from 20% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 84% per year, which means it is significantly lagging earnings growth. Board Change • Nov 06
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Sylvia Bartyan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • May 16
Third quarter 2021 earnings released: EPS €0.32 (vs €0.31 in 3Q 2020) The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: €33.0m (up 7.7% from 3Q 2020). Net income: €4.43m (flat on 3Q 2020). Profit margin: 13% (down from 14% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improved over the past week After last week's 17% share price gain to €25.98, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 25x in the Entertainment industry in Europe. Total returns to shareholders of 182% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.44 per share. Is New 90 Day High Low • Jan 05
New 90-day high: €22.15 The company is up 7.0% from its price of €20.75 on 07 October 2020. The British market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.35 per share. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 16% share price gain to €19.98, the stock is trading at a trailing P/E ratio of 14.3x, up from the previous P/E ratio of 12.3x. This compares to an average P/E of 50x in the Entertainment industry in the United Kingdom. Total returns to shareholders over the past three years are 87%. Upcoming Dividend • Dec 07
Upcoming Dividend of €0.15 Per Share Will be paid on the 16th of December to those who are registered shareholders by the 14th of December. The trailing yield of 0.9% is below the top quartile of British dividend payers (4.8%), and is lower than industry peers (2.1%). Duyuru • Jul 17
Digital Bros S.p.A. to Report Fiscal Year 2020 Results on Sep 22, 2020 Digital Bros S.p.A. announced that they will report fiscal year 2020 results on Sep 22, 2020