Spanish stock alert

SPAIN

Morning Alert: eDreams ODIGEO keeps rising: up 11.0% in 3 days 18 October 2017 11:38 CEST

NEWS BITES - EUROPE

eDreams ODIGEO (MA:EDR) extended its gains on Wednesday, rising an additional 10.10c (or 3.9%) to trade at EUR2.68. Trading volume was 1.8 times average so far today. The shares have risen 26.60c (or 11.0%) over the past three trading days vs. the IBEX 35 Index which has fallen 0.7% in the same period.

SECTION 1: The past week

Current indications of bullish signals that support the trend in the unusual trading

1.1 At a glance

Weekly: eDreams ODIGEO in its biggest weekly gain in 10 months October 17, 2017 17:30 CEST

eDreams ODIGEO (MA:EDR), has lifted 15.0c (or 6.2%) in the past week to close at EUR2.58. In the past week the shares have lifted 6.2%, the biggest weekly gain since December 20, 2016. Compared with the IBEX 35 Index which rose 93.8 points (or 0.9%) in the week, this represented a relative price increase of 5.4%. The volume was 0.7 times average trading per week of 941,410 shares. In the past week the market cap has risen EUR16.2 million.

1.2 5-day Recap

eDreams ODIGEO outperformed the IBEX35 index in 3 out of 5 days.

DayHeadlineClose price [EUR]Price change %Relative change %Comment
TuesdayeDreams ODIGEO in its biggest weekly gain in 6 months2.583.12.6
MondayeDreams ODIGEO rises 3.6% on high volatility2.53.64.4Top Rise

Note

DayHeadlineClose price [EUR]Price change %Relative change %Comment
FridayeDreams ODIGEO in its biggest weekly loss in 2 months2.42-1.4-1.3Steepest Fall
ThursdayeDreams ODIGEO hits year-low 2nd time in one month2.450.80.8
WednesdayeDreams ODIGEO consolidates after 2 days of consecutive falls2.430-1.3

SECTION 2: Technical indicators

Bullish:

The price soared 10.3% in the last week and lifted 2.7% in the last month.

Note

The stock is at a discount of 24.1% to the 12-month high of EUR3.53 on 27 Feb, 2017. It is also at a premium of 12.7% to the 12-month low of EUR2.38 on 12 Oct, 2017.

Bearish:

The negative 0.04 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal (12-day minus 26-day Exponential Moving Averages). Both the 12-day and the 26-day EMA are falling - another bearish signal. In the past week, the stock's MACD has been negative every day, a reinforcing bearish signal.

The stock has underperformed 72% of the Spanish market over the past 6 months.

In the last three months the stock has hit a new 52-week low twice.

The present value of EUR1,000 invested one year ago is EUR901 [vs EUR1,149 for the IBEX 35 Index], for a capital loss of EUR99. The total return to shareholders for 1 year is -9.9%.

SECTION 3: Ranking

DescriptionValueRank In Market
52-week Range (in EUR)2.4-3.5
1-month Range (in EUR)2.4-2.7
Today's Volatility %3.5In Bottom Quartile

SECTION 4: Earnings

FY2017 Annual Report: eDreams ODIGEO Net Profit down 15.7%

eDreams ODIGEO (MA:EDR) reported net profit for the year-ended 31 March 2017 of EUR10.5m ($US11.2m), down 15.7% from EUR12.4m ($US14.1m) in the previous year.

Major changes compared with previous year:

Favourable Changes:

- Total revenue up 13.7% from EUR159.8m ($US181.0m) to EUR181.8m ($US195.0m)

- EBIT Margin up from 13.4% to 13.7%

- EBIT to total assets up from 5.0% to 5.3%

- Interest revenue to Sales up from 1% to 2.1%

- Total current assets to Total Assets up from 16.7% to 17.1%

- Fixed Assets to Total Assets up from 0.6% to 0.7%

Unfavourable Changes:

- Net profit down 15.7% from EUR12.4m ($US14.1m) to EUR10.5m ($US11.2m)

- Interest cover down 12% from 1.5 to 1.3

- Interest expenses to Sales up from 8.9% to 10.3%

- Profit before tax to Sales down from 4.5% to 3.4%

- Current Debtors to Total Assets down from 5.3% to 5%

- Total Liabilities to EBITDA of 18.1 compares unfavourably with the Joseph Piotroski benchmark of less than 5. However, it has improved by 7.5% from the previous year's ratio of 19.6.

- Total Liabilities to Operating Cash Flow of 6.5 compares unfavourably with the Joseph Piotroski benchmark of less than 4. However, it has improved by 38.9% from the previous year's ratio of 10.7.

Note:

- EPS steady at 10.0c (US10.73c)

- Total revenue to total assets steady at 0.1

- Tax expenses to Sales down from 1.8% to 1.2%

- Total liabilities to Total assets steady at 0.7

- Current ratio steady at 0.6

- Total non-current assets to Total Assets down from 83.3% to 82.9%

- Intangibles to Total Assets down from 81.8% to 81.4%

SECTION 5: Recent News of eDreams ODIGEO

September 28: eDreams ODIGEO completes integration of budgetplaces.com and launches new technology platform, creating one of the largest accommodation marketplaces with over 1.5 million properties

Barcelona, ​​28 September 2017 - eDreams ODIGEO today announces that it has completed the integration of budgetplaces.com, which forms part of the company's strategy to diversify into new revenue streams through offering dynamic packages to customers (flight + hotel). In addition, eDreams ODIGEO is launching a new technology platform through which accommodation providers can have access to more than 18 million travellers annually.

As the leading flight retailer in Europe, eDreams ODIGEO collates a wide range of aggregated data which provides its accommodation partners with extensive insights on traveller trends, behaviour and specific destination preferences.

September 22: eDreams ODIGEO announces its election to redeem EUR10,000,000 of its 8.50% senior secured notes due 2021

Barcelona, 22 September 2017 - eDreams ODIGEO today announces its election to redeem EUR10,000,000 of its 8.50% senior secured notes due 2021. The notes will be redeemed at a price equal to 103% of the principal amount, plus accrued and unpaid interest.

The redemption is being made as part of eDreams ODIGEO's broader programme to deleverage and manage its overall level of debt, which started in FY 2016 with the successful repurchase of EUR30 million principal amount of its former 2018 notes.

Today's announcement reflects the group's commitment to continue to deliver on this strategy ensuring that throughout the year it maintains sufficient flexibility to invest in the business to continue driving growth and innovation, and for the potential opportunity to redeem future debt.

eDreams ODIGEO cash seasonality results in most cash being generated during fiscal Q4 (January to March).

August 25: EDreams ODIGEO enters 125.3 million euros in the first quarter, 1% more than the previous year

Barcelona, ​​ August 25, 2017 - eDreams ODIGEO (www.edreamsodigeo.com), the largest online travel agency in Europe and one of the largest companies in European e-commerce, today introduced the results for the first quarter of fiscal year 2018, Closing these months with revenues of 125.3 million euros, 1% more than the previous year.

August 25: eDreams ODIGEO: Solid first quarter results ahead of guidance for Europe's leading online travel agency as revenue diversification strategy drives growth across the business

Barcelona, 25 August 2017 - eDreams ODIGEO (www.edreamsodigeo.com), Europe's largest online travel company and one of the largest European e-commerce businesses, today reported its results for the first quarter of the fiscal year 2018.

Source: Company Website

eDreams ODIGEO (MA:EDR; MCE:EDR; MC:EDR; SM:EDR)

ISIN: LU1048328220

PermID: 5042934818

Source: www.BuySellSignals.com