Fenix Entertainment
On 12 August 2020, Fenix Entertainment S.p.A. obtained admission to negotiate ordinary shares on AIM Italia, a multilateral negotiations system organized and managed by Borsa Italiana. Negotiations began on 14 August 2020.
Integrae SIM acted as the Nomad of the Issuer.
The admission of Fenix Entertainment took place following the placement in Capital Increase of a total of 377,500 shares, at an offer price of 4 euros per share, for a total equivalent value of 1.51 million euros. The capitalization concerning the offer price is equal to Euro 9.51 million, and Euro 11.3 million at the end of the first day of negotiating.
The enterprise. Fenix Entertainment has started the activity through co-productions of films and musical productions of quality works and artists, winners of awards at the Festivals, and a source of accreditation and strengthening the visibility of the brand. The start of the autonomous production activity took place in 2019, both in the cinema (with “Burraco Fatale”, distributed in 2020), and in TV programs (“That’s Amore”, broadcast in 2019 by Rai3). The distinctive feature of Fenix is its presence throughout the value chain, both in the cinema-television and music sectors: from the choice of subjects to a screenplay, from production, co-production, and post-production, up to distribution.
Ultima Ricerca Fenix Entertainment
UPDATE| In FY25A, E-Globe reported Sales Revenues of €32.62 million, up 21.8% compared to €26.78 million in FY24A, confirming the progressive strengthening of its competitive positioning in the air conditioning and climate control market. EBITDA in FY25A was negative at € -0.80 million, improving compared to the negative figure of € -1.39 million recorded in FY24A. EBIT, after depreciation, amortization, and write-downs of €0.75 million, improved from € -2.09 million in FY24A to € -1.55 million in FY25A, with the EBIT margin improving from -7.6% to -4.7%. As a result, Net Income also remained negative at € -2.26 million, compared to the negative result of € -2.12 million recorded in the previous year. From a balance sheet perspective, Net Financial Position (NFP) stood at €5.18 million of net debt, worsening compared to €4.05 million recorded as of December 31, 2024. In light of the results published in the FY25A annual report, we have revised our estimates for both the current year and the coming years. In particular, we estimate FY26E Value of Production at €28.50 million and EBITDA at €0.60 million, corresponding to a margin of 2.1%. For the following years, we expect the Value of Production to increase up to €34.50 million (25A–28E CAGR: 1.4%) in FY28E, with EBITDA reaching €2.10 million (corresponding to a margin of 6.1%), up compared to € -0.80 million recorded in FY25A (corresponding to an EBITDA margin of -2.4%). From a balance sheet perspective, we finally estimate FY26E Net Financial Position (NFP) at €3.17 million of net debt. We conducted our valuation of the equity value of E-Globe based on the DCF method. The DCF method (including, for prudential purposes, a specific risk of 2.5% in the calculation of the WACC) returned an equity value of € 14.5 million. The target price is € 0.80, with a BUY rating and MEDIUM risk |
