The company did a 1:10 share split in 2021. Raised EUR 7m by selling more shares. Book value per share is EUR 31m/46m shares is EUR 0,67 per share. Price is EUR 2,80.
Company is growing quite strongly. 2021 revenue EUR 38m, 2020 EUR 30m. Not very profitable.
Market cap EUR 2,80 x 46m shares = EUR 129m
Not a stock for the Graham Defensive Investor at this price.
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