Reported Earnings • Jul 25
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: €714.3m (up 5.0% from 2Q 2024). Net income: €133.9m (up 32% from 2Q 2024). Profit margin: 19% (up from 15% in 2Q 2024). Revenue is expected to decline by 1.9% p.a. on average during the next 2 years, while revenues in the Hospitality industry in Europe are expected to grow by 6.7%. Announcement • Jul 07
Minor Hotels Europe & Americas, S.A. to Report First Half, 2025 Results on Jul 23, 2025 Minor Hotels Europe & Americas, S.A. announced that they will report first half, 2025 results on Jul 23, 2025 Buy Or Sell Opportunity • Jun 25
Now 21% overvalued Over the last 90 days, the stock has fallen 3.2% to €6.12. The fair value is estimated to be €5.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 3.4% in a year. Earnings are forecast to decline by 14% in the next year. New Risk • May 19
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 188% 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 Earnings are forecast to decline by an average of 27% per year for the foreseeable future. Minor Risk High level of debt (188% net debt to equity). Reported Earnings • May 15
First quarter 2025 earnings released First quarter 2025 results: €0.05 loss per share. Revenue: €495.5m (up 7.8% from 1Q 2024). Net loss: €22.0m (loss narrowed 28% from 1Q 2024). Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Hospitality industry in Europe. Announcement • May 15
Minor Hotels Europe & Americas, S.A., Annual General Meeting, Jun 17, 2025 Minor Hotels Europe & Americas, S.A., Annual General Meeting, Jun 17, 2025. Location: nh madrid ventas, calle biarritz 2, madrid Spain Announcement • Apr 21
Minor Hotels Europe & Americas, S.A. to Report Q1, 2025 Results on May 12, 2025 Minor Hotels Europe & Americas, S.A. announced that they will report Q1, 2025 results After-Market on May 12, 2025 New Risk • Feb 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 23% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings are forecast to decline by an average of 23% per year for the foreseeable future. Announcement • Jan 28
Minor Hotels Europe & Americas, S.A. to Report Fiscal Year 2024 Results on Feb 13, 2025 Minor Hotels Europe & Americas, S.A. announced that they will report fiscal year 2024 results After-Market on Feb 13, 2025 Announcement • Jan 22
Minor Hotels Names Gonzalo Aguilar as CEO for Europe & Americas Minor Hotels has appointed Gonzalo Aguilar as CEO for its Europe & Americas operations, effective from 1 January 2025. Aguilar joined the company in October 2024 and will succeed Ramón Aragonés, who retired at 2024-end but remains active as a member of the board of directors and non-executive vice-president. In the new role, Aguilar's focus will be on bolstering the company's brand presence, accelerating the opening of new properties, and expanding in key markets, particularly in the resort and luxury segments. These efforts will align with Minor Hotels' 'asset right' strategy, which emphasises sustainable growth through a balanced approach to ownership, management, and franchising. He most recently served for Marriott International Europe as chief operating officer, during which he led the integration of the AC Hotels brand into Marriot. His appointment is set to be formalised at the Ordinary General Shareholders' Meeting, scheduled to take place before 30 June. New Risk • Jan 20
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risk High level of debt (205% net debt to equity). New Risk • Dec 16
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 Spanish stocks, typically moving 3.2% 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 (3.2% average weekly change). Minor Risk High level of debt (205% net debt to equity). Price Target Changed • Dec 16
Price target increased by 14% to €4.87 Up from €4.28, the current price target is an average from 5 analysts. New target price is 22% below last closing price of €6.24. Stock is up 54% over the past year. The company is forecast to post earnings per share of €0.34 for next year compared to €0.29 last year. Buy Or Sell Opportunity • Dec 16
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 52% to €6.24. The fair value is estimated to be €4.87, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 6.8% in 2 years. Earnings are forecast to decline by 4.4% in the next 2 years. Reported Earnings • Nov 15
Third quarter 2024 earnings released Third quarter 2024 results: EPS: €0.17. Revenue: €644.2m (up 10.0% from 3Q 2023). Net income: €75.0m (up 38% from 3Q 2023). Profit margin: 12% (up from 9.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 7.3% 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 13% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Oct 30
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 4.5% to €4.30. The fair value is estimated to be €3.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 7.0% in 2 years. Earnings are forecast to decline by 0.9% in the next 2 years. Buy Or Sell Opportunity • Oct 11
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 8.2% to €4.47. The fair value is estimated to be €3.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 7.0% in 2 years. Earnings are forecast to decline by 0.9% in the next 2 years. Reported Earnings • Jul 26
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €691.3m (up 12% from 2Q 2023). Net income: €101.3m (up 19% from 2Q 2023). Profit margin: 15% (in line with 2Q 2023). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Hospitality industry in Europe. Major Estimate Revision • Jun 28
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €0.30 to €0.333. Revenue forecast steady at €2.31b. Net income forecast to grow 4.4% next year vs 36% growth forecast for Hospitality industry in Spain. Consensus price target of €4.28 unchanged from last update. Share price fell 4.9% to €4.01 over the past week. Announcement • Jun 26
Minor Hotels Europe & Americas, S.A. to Report First Half, 2024 Results on Jul 23, 2024 Minor Hotels Europe & Americas, S.A. announced that they will report first half, 2024 results on Jul 23, 2024 New Risk • May 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.6% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks High level of debt (220% net debt to equity). Share price has been volatile over the past 3 months (4.6% average weekly change). New Risk • May 27
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 220% 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. This is currently the only risk that has been identified for the company. Reported Earnings • May 16
First quarter 2024 earnings released First quarter 2024 results: €0.14 loss per share. Revenue: €919.2m (up 126% from 1Q 2023). Net loss: €60.8m (loss widened 52% from 1Q 2023). Revenue is forecast to grow 3.7% 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 117% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Apr 19
NH Hotel Group, S.A. to Report Q1, 2024 Results on May 13, 2024 NH Hotel Group, S.A. announced that they will report Q1, 2024 results on May 13, 2024 Announcement • Feb 28
NH Hotel Group, S.A., Annual General Meeting, Apr 19, 2024 NH Hotel Group, S.A., Annual General Meeting, Apr 19, 2024, at 09:30 Central European Standard Time. Agenda: To consider examination and approval of the individual and consolidated annual accounts for the year 2023; to consider examination and approval of the individual and consolidated Director´s Report, for the year 2023; to consider examination and approval of the non-financial report for the year 2023; to consider examination and approval of the proposed application of results; to consider approval of the management by the board of Directors during 2023; to consider appointment, re-election and ratification, if applicable, of Directors; to consider Amendment of the corporate name "Minor Hotels Europe & Americas, S.A." and amendment of article 1 of the By Laws; and to consider other matters. Reported Earnings • Feb 13
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: €0.29 (up from €0.23 in FY 2022). Revenue: €2.16b (up 25% from FY 2022). Net income: €128.1m (up 28% from FY 2022). Profit margin: 5.9% (in line with FY 2022). Revenue exceeded analyst estimates by 8.8%. Earnings per share (EPS) also surpassed analyst estimates by 23%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 113% 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 • Feb 11
Consensus EPS estimates increase by 33% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from €1.81b to €1.99b. EPS estimate increased from €0.18 to €0.239 per share. Net income forecast to shrink 30% next year vs 35% growth forecast for Hospitality industry in Spain . Consensus price target of €4.14 unchanged from last update. Share price was steady at €4.21 over the past week. Announcement • Jan 24
NH Hotel Group, S.A. to Report Fiscal Year 2023 Results on Feb 20, 2024 NH Hotel Group, S.A. announced that they will report fiscal year 2023 results After-Market on Feb 20, 2024 New Risk • Nov 13
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.7x 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 Risks Interest payments are not well covered by earnings (2.7x net interest cover). Earnings are forecast to decline by an average of 6.7% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Reported Earnings • Nov 13
Third quarter 2023 earnings released Third quarter 2023 results: EPS: €0.13. Revenue: €585.7m (up 14% from 3Q 2022). Net income: €54.3m (up 16% from 3Q 2022). Profit margin: 9.3% (up from 9.1% in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 8.4% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Oct 10
NH Hotel Group, S.A. to Report Q3, 2023 Results on Nov 08, 2023 NH Hotel Group, S.A. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023 New Risk • Jul 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.2% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 5.2% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (4.8% average weekly change). Large one-off items impacting financial results. Reported Earnings • Jul 28
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €620.4m (up 27% from 2Q 2022). Net income: €85.0m (up 31% from 2Q 2022). Profit margin: 14% (in line with 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 9.1% growth forecast for the Hospitality industry in Europe. Announcement • Jul 13
NH Hotel Group, S.A. to Report Q2, 2023 Results on Jul 26, 2023 NH Hotel Group, S.A. announced that they will report Q2, 2023 results After-Market on Jul 26, 2023 Major Estimate Revision • Jun 13
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.26 to €0.22. Revenue forecast unchanged from €1.89b at last update. Net income forecast to shrink 22% next year vs 9.6% growth forecast for Hospitality industry in Spain . Consensus price target broadly unchanged at €4.10. Share price was steady at €4.46 over the past week. New Risk • Jun 12
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Interest payments are not well covered by earnings (2.2x net interest cover). Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Large one-off items impacting financial results. Announcement • May 28
NH Hotel Group, S.A., Annual General Meeting, Jun 29, 2023 NH Hotel Group, S.A., Annual General Meeting, Jun 29, 2023, at 11:00 Central European Standard Time. Location: c/Santa Engracia 120 Madrid Spain Agenda: To consider examination and approval of the Individual and Consolidated Annual Accounts for the year 2022; to consider examination and approval of the Non-Financial Report for the year 2022; to consider approval of Remuneration Politics; and to consider other matters. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €4.18, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 19x in the Hospitality industry in Europe. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.26 per share. Reported Earnings • May 11
First quarter 2023 earnings released First quarter 2023 results: €0.092 loss per share. Revenue: €407.0m (up 74% from 1Q 2022). Net loss: €40.0m (loss narrowed 50% from 1Q 2022). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in Europe. Major Estimate Revision • Apr 14
Consensus EPS estimates increase by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from €1.80b to €1.96b. EPS estimate increased from €0.26 to €0.306 per share. Net income forecast to grow 38% next year vs 12% growth forecast for Hospitality industry in Spain. Consensus price target up from €3.95 to €4.10. Share price was steady at €3.75 over the past week. Major Estimate Revision • Mar 18
Consensus EPS estimates fall by 12%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €1.71b to €1.80b. EPS estimate fell from €0.186 to €0.164 per share. Net income forecast to shrink 28% next year vs 15% growth forecast for Hospitality industry in Spain . Consensus price target of €3.95 unchanged from last update. Share price fell 2.4% to €3.59 over the past week. Reported Earnings • Feb 24
Full year 2022 earnings released Full year 2022 results: Revenue: €1.76b (up 136% from FY 2021). Net income: €100.3m (up €234.0m from FY 2021). Profit margin: 5.7% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Feb 02
NH Hotel Group, S.A. to Report Fiscal Year 2022 Results on Feb 22, 2023 NH Hotel Group, S.A. announced that they will report fiscal year 2022 results After-Market on Feb 22, 2023 Price Target Changed • Jan 11
Price target decreased to €3.88 Down from €4.34, the current price target is an average from 4 analysts. New target price is 18% above last closing price of €3.28. Stock is down 1.8% over the past year. The company is forecast to post earnings per share of €0.13 next year compared to a net loss per share of €0.33 last year. Board Change • Nov 16
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. 7 non-independent directors. Independent Director Fernando Lacadena Azpeitia was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Aug 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be €3.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 32% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Jul 27
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: €509.1m (up 347% from 2Q 2021). Net income: €65.0m (up €86.3m from 2Q 2021). Profit margin: 13% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 30%, compared to a 38% growth forecast for the industry in Spain. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Buying Opportunity • Jun 30
Now 21% undervalued Over the last 90 days, the stock is up 3.4%. The fair value is estimated to be €4.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 42% over the last 3 years. Meanwhile, the company became loss making. Major Estimate Revision • May 17
Consensus estimates of losses per share improve by 63% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €1.31b to €1.40b. EPS estimate increased from -€0.04 per share to -€0.01 per share. Hospitality industry in Spain expected to see average net income growth of 28% next year. Consensus price target broadly unchanged at €4.44. Share price rose 4.3% to €3.88 over the past week. Board Change • Apr 27
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. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Fernando Lacadena Azpeitia was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: €0.33 loss per share (up from €1.12 loss in FY 2020). Revenue: €750.3m (up 40% from FY 2020). Net loss: €133.7m (loss narrowed 69% from FY 2020). Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 79%, compared to a 46% growth forecast for the restaurants industry in Spain. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Feb 26
Consensus EPS estimates fall by 56% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €1.39b to €1.34b. EPS estimate also fell from €0.02 per share to €0.01 per share. Net income forecast to grow 89% next year vs 38% growth forecast for Hospitality industry in Spain. Consensus price target up from €4.33 to €4.47. Share price was steady at €3.43 over the past week. Major Estimate Revision • Jan 27
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 expected loss increased from -€0.38 to -€0.44 per share. Revenue forecast unchanged at €864.0m. Hospitality industry in Spain expected to see average net income growth of 37% next year. Consensus price target of €4.21 unchanged from last update. Share price was steady at €3.20 over the past week. Price Target Changed • Jan 04
Price target decreased to €4.27 Down from €4.61, the current price target is an average from 4 analysts. New target price is 30% above last closing price of €3.27. Stock is down 3.4% over the past year. The company is forecast to post a net loss per share of €0.38 next year compared to a net loss per share of €1.12 last year. Major Estimate Revision • Aug 04
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast fell from €937.8m to €916.5m. 2021 losses expected to reduce from -€0.46 to -€0.38 per share. Hospitality industry in Spain expected to see average net income growth of 42% next year. Consensus price target up from €4.17 to €4.27. Share price was steady at €3.68 over the past week. Reported Earnings • Jun 05
First quarter 2021 earnings released: €0.32 loss per share (vs €0.15 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: €61.2m (down 78% from 1Q 2020). Net loss: €124.1m (loss widened 117% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Major Estimate Revision • May 14
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast increased from €1.03b to €1.10b. Forecast EPS reduced from -€0.42 to -€0.47 per share. Hospitality industry in Spain expected to see average net income growth of 43% next year. Consensus price target broadly unchanged at €4.22. Share price fell 3.0% to €3.87 over the past week. Major Estimate Revision • Mar 11
Analysts update estimates The company's losses in 2021 are expected to worsen with analysts lowering their consensus EPS forecasts from -€0.35 to -€0.41. Revenue estimate was approximately flat at €1.05b. The Hospitality industry in Spain is expected to see an average net income growth of 43% next year. The consensus price target increased from €4.07 to €4.21. Share price is down by 2.5% to €3.98 over the past week. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue misses expectations Revenue missed analyst estimates by 20%. Over the next year, revenue is forecast to grow 95%, compared to a 27% growth forecast for the Hospitality industry in Spain. Major Estimate Revision • Feb 26
Analysts update estimates The 2021 consensus revenue estimate was lowered from €1.21b to €1.06b. Earning per share (EPS) estimate was unchanged from the last update at -€0.36. The Hospitality industry in Spain is expected to see an average net income growth of 34% next year. The consensus price target was lowered from €4.10 to €4.07. Share price is up 11% to €4.14 over the past week. Is New 90 Day High Low • Feb 23
New 90-day high: €4.25 The company is up 8.0% from its price of €3.94 on 25 November 2020. The Spanish market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Hospitality industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.29 per share. Analyst Estimate Surprise Post Earnings • Nov 30
Revenue and earnings miss expectations Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 7.2%. Over the next year, revenue is forecast to grow 19%, compared to a 23% growth forecast for the Hospitality industry in Spain. Major Estimate Revision • Nov 18
Analysts lower EPS estimates to -€0.83 The 2020 consensus revenue estimate was lowered from €742.4m to €724.0m. The company's losses are expected to worsen with analysts lowering their EPS forecasts from -€0.65 to -€0.83 for the same period. The Hospitality industry in Spain is expected to see an average net income growth of 13% next year. The consensus price target increased from €3.84 to €3.91. Share price is up 20% to €3.70 over the past week. Reported Earnings • Nov 15
Third quarter 2020 earnings released: €0.19 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: €148.4m (down 66% from 3Q 2019). Net loss: €73.9m (down 382% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 15
Revenue and earnings miss expectations Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 7.2%. Over the next year, revenue is forecast to grow 25%, compared to a 17% growth forecast for the Hospitality industry in Spain. Is New 90 Day High Low • Nov 11
New 90-day high: €3.08 The company is up 9.0% from its price of €2.82 on 13 August 2020. The Spanish market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Hospitality industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.52 per share. 
