New Risk • 2h
New major risk - Revenue and earnings growth Earnings have declined by 70% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. Earnings have declined by 70% per year over the past 5 years. Market cap is less than US$10m (€8.02m market cap, or US$9.31m). New Risk • Feb 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.32m (US$9.86m) 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. Market cap is less than US$10m (€8.32m market cap, or US$9.86m). Reported Earnings • Dec 14
First half 2026 earnings released First half 2026 results: Revenue: €47.9m (up 5.1% from 1H 2025). Net loss: €1.51m (loss narrowed 50% from 1H 2025). Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Electronic industry in the United Kingdom. Duyuru • Aug 12
Innelec Multimédia SA, Annual General Meeting, Sep 18, 2025 Innelec Multimédia SA, Annual General Meeting, Sep 18, 2025. Location: centre d activites de l ourcq, 45 rue delizy, pantin France Reported Earnings • Jun 14
Full year 2025 earnings released Full year 2025 results: Revenue: €119.4m (down 37% from FY 2024). Net loss: €4.31m (down €5.27m from profit in FY 2024). Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Electronic industry in the United Kingdom. New Risk • Feb 13
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 114% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks High level of debt (114% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€10.6m market cap, or US$11.1m). Buy Or Sell Opportunity • Dec 17
Now 34% overvalued Over the last 90 days, the stock has fallen 11% to €3.56. The fair value is estimated to be €2.66, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to decline by 2.5% in a year. Earnings are forecast to grow by 80% in the next year. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €3.00, the stock trades at a trailing P/E ratio of 9.8x. Average forward P/E is 17x in the Electronic industry in the United Kingdom. Total loss to shareholders of 55% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.53 per share. Buy Or Sell Opportunity • Nov 15
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at €3.04. The fair value is estimated to be €2.53, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 69%. For the next 3 years, revenue is forecast to decline by 1.9% per annum. Earnings are forecast to grow by 36% per annum over the same time period. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment deteriorates as stock falls 0% After last week's 0% share price decline to €3.53, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Electronic industry in the United Kingdom. Total loss to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.00 per share. New Risk • Oct 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.79m (US$9.57m) 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 Shares are highly illiquid. Market cap is less than US$10m (€8.79m market cap, or US$9.57m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.5% net profit margin). Buy Or Sell Opportunity • Sep 28
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at €3.70. The fair value is estimated to be €4.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 69%. For the next 3 years, revenue is forecast to decline by 1.4% per annum. Earnings are forecast to grow by 40% per annum over the same time period. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €3.95, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Electronic industry in the United Kingdom. Total loss to shareholders of 41% over the past three years. Duyuru • Aug 15
Innelec Multimédia SA, Annual General Meeting, Sep 18, 2024 Innelec Multimédia SA, Annual General Meeting, Sep 18, 2024. Location: centre d activites de lourcq, 45 rue delizy, pantin cedex France Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €5.78, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 16x in the Electronic industry in the United Kingdom. New Risk • Jun 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.5% Last year net profit margin: 0.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Shares are highly illiquid. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (€15.7m market cap, or US$16.8m). Reported Earnings • Jun 14
Full year 2024 earnings released Full year 2024 results: Revenue: €187.0m (up 14% from FY 2023). Net income: €960.0k (down 28% from FY 2023). Profit margin: 0.5% (down from 0.8% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.9% growth forecast for the Electronic industry in the United Kingdom. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €6.06, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 20x in the Electronic industry in the United Kingdom. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €6.53, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 20x in the Electronic industry in the United Kingdom. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €7.98, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 19x in the Electronic industry in the United Kingdom. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €7.31, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 19x in the Electronic industry in the United Kingdom. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to €8.24, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 19x in the Electronic industry in the United Kingdom. Reported Earnings • Aug 06
Full year 2023 earnings released: EPS: €0.46 (vs €0.41 in FY 2022) Full year 2023 results: EPS: €0.46 (up from €0.41 in FY 2022). Revenue: €163.7m (up 21% from FY 2022). Net income: €1.34m (up 14% from FY 2022). Profit margin: 0.8% (down from 0.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Electronic industry in the United Kingdom. Board Change • Dec 01
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Martine Depas was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Sep 29
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Martine Depas was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Aug 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Martine Depas was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.