Major Estimate Revision • May 07
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €539.9m to €534.4m. EPS estimate also fell from €0.449 per share to €0.366 per share. Net income forecast to grow 5.2% next year vs 17% growth forecast for Hospitality industry in Portugal. Consensus price target up from €13.42 to €14.08. Share price was steady at €12.00 over the past week. Reported Earnings • Apr 26
Full year 2025 earnings released: EPS: €0.37 (vs €0.27 in FY 2024) Full year 2025 results: EPS: €0.37 (up from €0.27 in FY 2024). Revenue: €529.5m (up 12% from FY 2024). Net income: €15.2m (up 38% from FY 2024). Profit margin: 2.9% (up from 2.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Major Estimate Revision • Apr 23
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €0.404 to €0.449. Revenue forecast steady at €539.9m. Net income forecast to grow 23% next year vs 17% growth forecast for Hospitality industry in Portugal. Consensus price target broadly unchanged at €13.50. Share price was steady at €11.80 over the past week. Major Estimate Revision • Apr 14
Consensus EPS estimates increase by 26% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from €531.5m to €538.4m. EPS estimate increased from €0.322 to €0.404 per share. Net income forecast to grow 3.3% next year vs 11% growth forecast for Hospitality industry in Portugal. Consensus price target of €13.33 unchanged from last update. Share price rose 3.7% to €11.30 over the past week. Major Estimate Revision • Nov 21
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.365 to €0.322 per share. Revenue forecast steady at €531.5m. Net income forecast to grow 27% next year vs 10% growth forecast for Hospitality industry in Portugal. Consensus price target broadly unchanged at €13.33. Share price was steady at €10.40 over the past week. Reported Earnings • Sep 14
Second quarter 2025 earnings released: EPS: €0.12 (vs €0.064 in 2Q 2024) Second quarter 2025 results: EPS: €0.12 (up from €0.064 in 2Q 2024). Revenue: €131.0m (up 18% from 2Q 2024). Net income: €5.12m (up 93% from 2Q 2024). Profit margin: 3.9% (up from 2.4% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Declared Dividend • Jun 06
Dividend increased to €0.70 Dividend of €0.70 is 40% higher than last year. Ex-date: 17th June 2025 Payment date: 19th June 2025 Dividend yield will be 7.1%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not covered by earnings (146% earnings payout ratio). However, it is well covered by cash flows (39% cash payout ratio). The dividend has increased by an average of 31% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 62% to bring the payout ratio under control. EPS is expected to grow by 118% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Duyuru • Jun 05
Ibersol, S.G.P.S., S.A. announces Annual dividend, payable on June 19, 2025 Ibersol, S.G.P.S., S.A. announced Annual dividend of EUR 0.7000 per share payable on June 19, 2025, ex-date on June 17, 2025 and record date on June 18, 2025. Major Estimate Revision • May 30
Consensus EPS estimates increase by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from €518.5m to €532.2m. EPS estimate increased from €0.362 to €0.398 per share. Net income forecast to grow 63% next year vs 21% growth forecast for Hospitality industry in Portugal. Consensus price target broadly unchanged at €13.10. Share price rose 5.1% to €9.98 over the past week. Duyuru • May 09
Ibersol, S.G.P.S., S.A., Annual General Meeting, May 29, 2025 Ibersol, S.G.P.S., S.A., Annual General Meeting, May 29, 2025. Location: edificio peninsula praca do bom sucesso, 105 159 9th floor, porto Portugal Reported Earnings • May 05
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: €0.26 (down from €0.35 in FY 2023). Revenue: €474.3m (up 13% from FY 2023). Net income: €11.0m (down 25% from FY 2023). Profit margin: 2.3% (down from 3.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 33%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Major Estimate Revision • Jan 22
Consensus EPS estimates fall by 23%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from €455.5m to €461.0m. EPS estimate fell from €0.38 to €0.292 per share. Net income forecast to grow 3.9% next year vs 25% growth forecast for Hospitality industry in Portugal. Consensus price target broadly unchanged at €12.63. Share price rose 14% to €8.74 over the past week. Reported Earnings • Dec 01
Third quarter 2024 earnings released: EPS: €0.18 (vs €0.15 in 3Q 2023) Third quarter 2024 results: EPS: €0.18 (up from €0.15 in 3Q 2023). Revenue: €137.0m (up 17% from 3Q 2023). Net income: €7.28m (up 15% from 3Q 2023). Profit margin: 5.3% (down from 5.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Nov 19
Consensus EPS estimates increase by 22% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €0.256 to €0.313. Revenue forecast steady at €453.3m. Net income forecast to grow 11% next year vs 25% growth forecast for Hospitality industry in Portugal. Consensus price target of €12.57 unchanged from last update. Share price was steady at €7.38 over the past week. Reported Earnings • Oct 01
Second quarter 2024 earnings released: EPS: €0.056 (vs €0.065 in 2Q 2023) Second quarter 2024 results: EPS: €0.056 (down from €0.065 in 2Q 2023). Revenue: €111.1m (up 7.8% from 2Q 2023). Net income: €2.65m (down 11% from 2Q 2023). Profit margin: 2.4% (down from 2.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Sep 26
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €0.242 to €0.269. Revenue forecast steady at €447.5m. Net income forecast to shrink 9.4% next year vs 31% growth forecast for Hospitality industry in Portugal . Consensus price target broadly unchanged at €12.43. Share price was steady at €7.24 over the past week. Major Estimate Revision • Jul 11
Consensus EPS estimates increase by 38%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from €464.3m to €446.5m. EPS estimate rose from €0.223 to €0.309. Net income forecast to shrink 16% next year vs 36% growth forecast for Hospitality industry in Portugal . Consensus price target up from €11.67 to €12.37. Share price was steady at €6.98 over the past week. Upcoming Dividend • Jun 10
Upcoming dividend of €0.50 per share Eligible shareholders must have bought the stock before 17 June 2024. Payment date: 19 June 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Portuguese dividend payers (5.4%). Lower than average of industry peers (2.9%). Reported Earnings • Jun 05
First quarter 2024 earnings released: €0.02 loss per share (vs €0.005 profit in 1Q 2023) First quarter 2024 results: €0.02 loss per share (down from €0.005 profit in 1Q 2023). Revenue: €98.2m (up 9.7% from 1Q 2023). Net loss: €870.3k (down €1.08m from profit in 1Q 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • May 30
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.371 to €0.298 per share. Revenue forecast steady at €450.1m. Net income forecast to shrink 32% next year vs 34% growth forecast for Hospitality industry in Portugal . Consensus price target broadly unchanged at €11.67. Share price was steady at €7.36 over the past week. Reported Earnings • May 03
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: €0.35 (down from €0.43 in FY 2022). Revenue: €418.2m (up 18% from FY 2022). Net income: €14.7m (down 12% from FY 2022). Profit margin: 3.5% (down from 4.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 34%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Nov 28
Consensus EPS estimates increase by 10% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €0.263 to €0.289. Revenue forecast steady at €420.1m. Net income forecast to shrink 17% next year vs 18% growth forecast for Hospitality industry in Portugal . Consensus price target broadly unchanged at €11.57. Share price was steady at €6.64 over the past week. New Risk • Sep 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.5% 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 Dividend is not well covered by earnings (156% payout ratio). Profit margins are more than 30% lower than last year (4.8% net profit margin). Shareholders have been diluted in the past year (8.5% increase in shares outstanding). Reported Earnings • Sep 23
Second quarter 2023 earnings released: EPS: €0.073 (vs €0.14 in 2Q 2022) Second quarter 2023 results: EPS: €0.073 (down from €0.14 in 2Q 2022). Revenue: €103.1m (down 24% from 2Q 2022). Net income: €2.97m (down 45% from 2Q 2022). Profit margin: 2.9% (down from 4.0% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Duyuru • Aug 05
Fergie - Servicos E Gestao, S.A. acquired 10.74% stake in Ibersol, S.G.P.S., S.A. (ENXTLS:IBS) from Atps SGPS , S.A. Fergie - Servicos E Gestao, S.A. acquired 10.74% stake in Ibersol, S.G.P.S., S.A. (ENXTLS:IBS) from Atps SGPS , S.A. on July 28, 2023.Fergie - Servicos E Gestao, S.A. completed the acquisition of 10.74% stake in Ibersol, S.G.P.S., S.A. (ENXTLS:IBS) from Atps SGPS , S.A. on July 28, 2023. Major Estimate Revision • Jun 09
Consensus revenue estimates fall by 15% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €484.5m to €411.1m. EPS estimate fell from €0.679 to €0.306 per share. Net income forecast to shrink 12% next year vs 9.6% growth forecast for Hospitality industry in Portugal . Consensus price target up from €10.27 to €11.30. Share price rose 3.7% to €7.24 over the past week. Upcoming Dividend • Jun 09
Upcoming dividend of €0.70 per share at 9.7% yield Eligible shareholders must have bought the stock before 16 June 2023. Payment date: 20 June 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 9.7%. Within top quartile of Portuguese dividend payers (8.5%). Higher than average of industry peers (2.2%). Price Target Changed • Jun 07
Price target increased by 9.9% to €11.13 Up from €10.13, the current price target is an average from 3 analysts. New target price is 56% above last closing price of €7.12. Stock is up 11% over the past year. The company is forecast to post earnings per share of €0.47 for next year compared to €0.39 last year. Reported Earnings • Jun 02
First quarter 2023 earnings released: EPS: €0.01 (vs €0.04 loss in 1Q 2022) First quarter 2023 results: EPS: €0.01 (up from €0.04 loss in 1Q 2022). Revenue: €89.6m (down 16% from 1Q 2022). Net income: €212.6k (up €1.91m from 1Q 2022). Profit margin: 0.2% (up from net loss in 1Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Duyuru • May 09
Ibersol, S.G.P.S., S.A., Annual General Meeting, May 26, 2023 Ibersol, S.G.P.S., S.A., Annual General Meeting, May 26, 2023, at 15:00 Coordinated Universal Time. Location: Edifício Península, Praça do Bom Sucesso, 105/159, 9th floor Porto Portugal Agenda: To consider deliberate on the Management Report and Accounts, individual and consolidated, for the financial year 2022 and other accountability documentation for the same financial year; to consider deliberate on the proposal for application of results of 2022 financial year; to consider deliberate on the general appraisal of the Company's management and supervision; to consider deliberate on the internal policy for selecting and evaluating the adequacy of the members of the Company's management and supervisory bodies; to consider deliberate on the granting of authorization for the acquisition and disposal of own shares by the Company and dependent companies; and to transact other business. Major Estimate Revision • Jan 25
Consensus EPS estimates fall by 12%, revenue upgraded The consensus outlook for fiscal year 2022 has been updated. 2022 revenue forecast increased from €508.5m to €516.4m. EPS estimate fell from €0.418 to €0.368 per share. Net income forecast to shrink 77% next year vs 12% growth forecast for Hospitality industry in Portugal . Consensus price target broadly unchanged at €10.27. Share price rose 2.1% to €5.94 over the past week. Reported Earnings • Dec 02
Third quarter 2022 earnings released Third quarter 2022 results: Net income: (down €2.77m from profit in 3Q 2021). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Duyuru • Nov 21
Ibersol, S.G.P.S., S.A. to Report Q3, 2022 Results on Nov 30, 2022 Ibersol, S.G.P.S., S.A. announced that they will report Q3, 2022 results at 5:40 PM, Central European Standard Time on Nov 30, 2022 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Non-Executive Director Juan Carlos Vázquez-Dodero de Bonifaz was the last independent director to join the board, commencing their role in 1999. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Oct 15
Consensus EPS estimates increase by 20% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €504.0m to €533.0m. EPS estimate increased from €0.30 to €0.36 per share. Net income forecast to shrink 72% next year vs 11% growth forecast for Hospitality industry in Portugal . Consensus price target broadly unchanged at €10.13. Share price was steady at €5.30 over the past week. Reported Earnings • Sep 15
Second quarter 2022 earnings released: EPS: €0.13 (vs €0.22 loss in 2Q 2021) Second quarter 2022 results: EPS: €0.13 (up from €0.22 loss in 2Q 2021). Revenue: €135.6m (up 71% from 2Q 2021). Net income: €5.41m (up €12.6m from 2Q 2021). Profit margin: 4.0% (up from net loss in 2Q 2021). Revenue is expected to decline by 5.0% p.a. on average during the next 3 years, while revenues in the Hospitality industry in Europe are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Price Target Changed • Sep 12
Price target increased to €10.00 Up from €9.30, the current price target is an average from 2 analysts. New target price is 67% above last closing price of €6.00. Stock is up 2.4% over the past year. The company is forecast to post earnings per share of €0.39 for next year compared to €0.93 last year. Major Estimate Revision • Sep 06
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €0.30 to €0.39. Revenue forecast steady at €481.0m. Net income forecast to shrink 68% next year vs 18% growth forecast for Hospitality industry in Portugal . Consensus price target of €9.30 unchanged from last update. Share price was steady at €6.00 over the past week. Duyuru • Aug 04
BK Portugal SA and Burger King Spain, Sociedad limitada Unipersonal agreed to acquire Iberking and Lurca from Ibersol, S.G.P.S., S.A. (ENXTLS:IBS) for an enterprise value of €260 million. BK Portugal SA and Burger King Spain, Sociedad limitada Unipersonal agreed to acquire Iberking and Lurca from Ibersol, S.G.P.S., S.A. (ENXTLS:IBS) for an enterprise value of €260 million on August 2, 2022. Upcoming Dividend • Jun 10
Upcoming dividend of €0.14 per share Eligible shareholders must have bought the stock before 17 June 2022. Payment date: 21 June 2022. Trailing yield: 2.1%. Lower than top quartile of Portuguese dividend payers (5.6%). Higher than average of industry peers (1.8%). Major Estimate Revision • Jun 01
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €452.9m to €478.0m. EPS estimate fell from €0.64 to €0.30 per share. Net income forecast to shrink 55% next year vs 38% growth forecast for Hospitality industry in Portugal . Consensus price target broadly unchanged at €9.30. Share price rose 6.7% to €6.40 over the past week. Reported Earnings • May 06
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: €0.93 (up from €1.70 loss in FY 2020). Revenue: €357.3m (up 24% from FY 2020). Net income: €31.4m (up €86.6m from FY 2020). Profit margin: 8.8% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Over the next year, revenue is forecast to grow 27%, compared to a 42% growth forecast for the restaurants industry in Portugal. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
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. 3 experienced directors. 3 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Juan Carlos Vázquez-Dodero de Bonifaz was the last independent director to join the board, commencing their role in 1999. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Price Target Changed • Nov 24
Price target increased to €9.35 Up from €8.65, the current price target is an average from 2 analysts. New target price is 75% above last closing price of €5.34. Stock is up 20% over the past year. The company is forecast to post a net loss per share of €0.30 next year compared to a net loss per share of €1.70 last year. Reported Earnings • Nov 22
Third quarter 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2021 results: EPS: €0.09 (up from €0.11 loss in 3Q 2020). Revenue: €106.8m (up 33% from 3Q 2020). Net income: €2.77m (up €6.28m from 3Q 2020). Profit margin: 2.6% (up from net loss in 3Q 2020). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates. Earnings per share (EPS) surpassed analyst estimates. Over the next year, revenue is forecast to grow 37%, compared to a 47% growth forecast for the industry in Portugal. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Price Target Changed • Oct 27
Price target decreased to €8.55 Down from €9.35, the current price target is an average from 2 analysts. New target price is 71% above last closing price of €5.00. Stock is up 38% over the past year. The company is forecast to post a net loss per share of €0.15 next year compared to a net loss per share of €1.70 last year. Reported Earnings • Sep 12
Second quarter 2021 earnings released: €0.22 loss per share (vs €0.75 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: €79.2m (up 105% from 2Q 2020). Net loss: €7.18m (loss narrowed 71% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Jun 07
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 losses forecast to reduce from -€0.72 to -€0.55 per share. Revenue forecast unchanged from €401.0m at last update. Hospitality industry in Portugal expected to see average net income growth of 41% next year. Consensus price target of €7.35 unchanged from last update. Share price was steady at €6.10 over the past week. Reported Earnings • Jun 03
First quarter 2021 earnings released: €0.48 loss per share (vs €0.28 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: €55.7m (down 41% from 1Q 2020). Net loss: €15.7m (loss widened 75% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Price Target Changed • Jun 01
Price target increased to €7.35 Up from €6.55, the current price target is an average from 2 analysts. New target price is 20% above last closing price of €6.10. Stock is up 0.7% over the past year. Major Estimate Revision • May 14
Consensus forecasts updated The consensus outlook for 2020 has been updated. 2020 revenue forecast fell from €308.4m to €297.8m. 2020 losses expected to reduce from -€1.69 to -€1.46 per share. Hospitality industry in Portugal expected to see average net income growth of 43% next year. Consensus price target up from €6.55 to €7.35. Share price was steady at €5.98 over the past week. Price Target Changed • May 13
Price target increased to €7.35 Up from €6.80, the current price target is an average from 2 analysts. New target price is 23% above last closing price of €5.98. Stock is up 55% over the past year. Reported Earnings • May 04
Full year 2020 earnings released: €1.70 loss per share (vs €0.54 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: €288.9m (down 41% from FY 2019). Net loss: €55.2m (down 414% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 26
New 90-day high: €5.74 The company is up 12% from its price of €5.12 on 27 November 2020. The Portuguese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Hospitality industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.10 per share. Is New 90 Day High Low • Dec 15
New 90-day high: €5.68 The company is up 4.0% from its price of €5.44 on 15 September 2020. The Portuguese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.78 per share. Reported Earnings • Nov 24
Third quarter 2020 earnings released: €0.11 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: €80.2m (down 41% from 3Q 2019). Net loss: €3.51m (down 135% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 72% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 16
New 90-day low: €4.10 The company is down 28% from its price of €5.66 on 17 July 2020. The Portuguese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 4.0% over the same period. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total losses of €16.3m, with earnings decreasing by €31.1m from the prior year. Total revenue was €397.7m over the last 12 months, down 13% from the prior year. Is New 90 Day High Low • Sep 25
New 90-day low: €5.00 The company is down 4.0% from its price of €5.20 on 26 June 2020. The Portuguese market is also down 4.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Hospitality industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.64 per share.