Price Target Changed • May 22
Price target increased by 7.7% to €64.07 Up from €59.49, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of €65.10. Stock is up 107% over the past year. The company is forecast to post earnings per share of €2.65 for next year compared to €1.38 last year. Upcoming Dividend • Apr 23
Upcoming dividend of €0.46 per share Eligible shareholders must have bought the stock before 30 April 2026. Payment date: 06 May 2026. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of French dividend payers (5.5%). Lower than average of industry peers (1.6%). Buy Or Sell Opportunity • Apr 16
Now 21% undervalued Over the last 90 days, the stock has risen 6.1% to €58.80. The fair value is estimated to be €74.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 29% per annum over the same time period. Declared Dividend • Mar 20
Dividend increased to €0.46 Dividend of €0.46 is 18% higher than last year. Ex-date: 30th April 2026 Payment date: 6th May 2026 Dividend yield will be 0.9%, which is lower than the industry average of 1.2%. Payout Ratios Payout ratio: 33%. Cash payout ratio: 22%. Announcement • Mar 19
Lisi S.A., Annual General Meeting, Apr 24, 2026 Lisi S.A., Annual General Meeting, Apr 24, 2026. Location: lisi aerospace, central seine 46 50 quai de la rapee, paris France Reported Earnings • Mar 02
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: €3.06 (up from €1.23 in FY 2024). Revenue: €1.81b (down 2.6% from FY 2024). Net income: €63.3m (up 13% from FY 2024). Profit margin: 3.5% (up from 3.0% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) exceeded analyst estimates by 58%. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Aerospace & Defense industry in France. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Oct 06
Now 20% undervalued Over the last 90 days, the stock has risen 21% to €45.80. The fair value is estimated to be €57.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 113% in the next 2 years. Announcement • Sep 10
Lisi S.A. announced that it has received €105.3 million in funding from Peugeot Invest Société anonyme Lisi S.A. announced an accelerated bookbuilding private placement financing of 2,700,000 shares at an issue price of €39 per share for total gross proceeds of €105,300,000 on September 8, 2025. The transaction includes participation from Peugeot Invest, institutional investors. The investor has committed to a 120-day lock-up period following the settlement and delivery of the Placement of the shares, subject to customary exceptions. Peugeot Invest now holds less than 5% of LISI’s share capital. Buy Or Sell Opportunity • Aug 11
Now 20% undervalued Over the last 90 days, the stock has risen 54% to €46.00. The fair value is estimated to be €57.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 113% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €47.40, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 27x in the Aerospace & Defense industry in France. Total returns to shareholders of 127% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €59.38 per share. Reported Earnings • Jul 29
First half 2025 earnings released: EPS: €0.84 (vs €0.69 in 1H 2024) First half 2025 results: EPS: €0.84 (up from €0.69 in 1H 2024). Revenue: €1.01b (up 8.5% from 1H 2024). Net income: €38.5m (up 22% from 1H 2024). Profit margin: 3.8% (up from 3.4% in 1H 2024). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Aerospace & Defense industry in France. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jul 28
Price target increased by 8.9% to €36.63 Up from €33.63, the current price target is an average from 7 analysts. New target price is 11% below last closing price of €41.20. Stock is up 71% over the past year. The company is forecast to post earnings per share of €1.72 for next year compared to €1.23 last year. Buy Or Sell Opportunity • Jul 25
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 56% to €41.20. The fair value is estimated to be €33.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 76% in the next 2 years. Price Target Changed • Jul 10
Price target increased by 7.3% to €33.63 Up from €31.34, the current price target is an average from 7 analysts. New target price is 16% below last closing price of €40.25. Stock is up 69% over the past year. The company is forecast to post earnings per share of €1.66 for next year compared to €1.23 last year. Upcoming Dividend • Apr 23
Upcoming dividend of €0.39 per share Eligible shareholders must have bought the stock before 30 April 2025. Payment date: 05 May 2025. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of French dividend payers (5.8%). Lower than average of industry peers (1.7%). Declared Dividend • Mar 19
Dividend increased to €0.39 Dividend of €0.39 is 26% higher than last year. Ex-date: 30th April 2025 Payment date: 5th May 2025 Dividend yield will be 1.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 1.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 83% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 17
Lisi S.A., Annual General Meeting, Apr 25, 2025 Lisi S.A., Annual General Meeting, Apr 25, 2025. Location: 6 rue juvenal viellard, grandvillars France Price Target Changed • Mar 05
Price target increased by 8.3% to €28.51 Up from €26.33, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of €28.60. Stock is up 20% over the past year. The company is forecast to post earnings per share of €1.80 for next year compared to €1.23 last year. Reported Earnings • Feb 28
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: €1.23 (up from €0.82 in FY 2023). Revenue: €1.85b (up 11% from FY 2023). Net income: €56.0m (up 49% from FY 2023). Profit margin: 3.0% (up from 2.2% in FY 2023). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 7.7%. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Aerospace & Defense industry in France. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €26.55, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Aerospace & Defense industry in France. Total loss to shareholders of 6.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €36.60 per share. Announcement • Dec 10
Lisi S.A. to Report First Half, 2025 Results on Jul 24, 2025 Lisi S.A. announced that they will report first half, 2025 results on Jul 24, 2025 Announcement • Dec 09
Lisi S.A. to Report Fiscal Year 2024 Results on Feb 26, 2025 Lisi S.A. announced that they will report fiscal year 2024 results After-Market on Feb 26, 2025 Price Target Changed • Oct 28
Price target decreased by 7.5% to €26.04 Down from €28.17, the current price target is an average from 7 analysts. New target price is 13% above last closing price of €23.00. Stock is up 8.2% over the past year. The company is forecast to post earnings per share of €1.33 for next year compared to €0.83 last year. Price Target Changed • Jul 26
Price target increased by 7.6% to €29.13 Up from €27.08, the current price target is an average from 4 analysts. New target price is 26% above last closing price of €23.20. Stock is up 1.8% over the past year. The company is forecast to post earnings per share of €1.42 for next year compared to €0.83 last year. Price Target Changed • Apr 26
Price target increased by 7.8% to €26.65 Up from €24.72, the current price target is an average from 4 analysts. New target price is 7.0% above last closing price of €24.90. Stock is down 3.1% over the past year. The company is forecast to post earnings per share of €1.37 for next year compared to €0.83 last year. Upcoming Dividend • Apr 23
Upcoming dividend of €0.31 per share Eligible shareholders must have bought the stock before 30 April 2024. Payment date: 03 May 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of French dividend payers (5.2%). In line with average of industry peers (1.3%). Declared Dividend • Mar 20
Dividend increased to €0.31 Dividend of €0.31 is 107% higher than last year. Ex-date: 30th April 2024 Payment date: 3rd May 2024 Dividend yield will be 1.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 1.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 120% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 25
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: €0.83 (down from €1.08 in FY 2022). Revenue: €1.68b (up 15% from FY 2022). Net income: €37.5m (down 34% from FY 2022). Profit margin: 2.2% (down from 3.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 27%. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Aerospace & Defense industry in France. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Feb 25
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.0x 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 Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risk Profit margins are more than 30% lower than last year (2.2% net profit margin). Announcement • Nov 05
Lisi S.A., Annual General Meeting, Apr 26, 2024 Lisi S.A., Annual General Meeting, Apr 26, 2024. Announcement • Nov 04
Lisi S.A. to Report Fiscal Year 2023 Results on Feb 22, 2024 Lisi S.A. announced that they will report fiscal year 2023 results at 5:40 PM, Central European Standard Time on Feb 22, 2024 New Risk • Jul 28
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risk Profit margins are more than 30% lower than last year (2.3% net profit margin). Buying Opportunity • May 15
Now 21% undervalued Over the last 90 days, the stock is up 23%. The fair value is estimated to be €33.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.2% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Upcoming Dividend • Apr 10
Upcoming dividend of €0.15 per share at 0.6% yield Eligible shareholders must have bought the stock before 17 April 2023. Payment date: 19 April 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of French dividend payers (5.5%). Lower than average of industry peers (1.4%). Price Target Changed • Mar 06
Price target decreased by 8.5% to €24.25 Down from €26.50, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of €24.60. Stock is up 17% over the past year. The company is forecast to post earnings per share of €1.17 for next year compared to €1.08 last year. Major Estimate Revision • Mar 02
Consensus EPS estimates fall by 24% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €1.53 to €1.17. Revenue forecast unchanged from €1.60b at last update. Net income forecast to grow 46% next year vs 3.6% growth forecast for Aerospace & Defense industry in France. Consensus price target of €24.68 unchanged from last update. Share price rose 12% to €24.60 over the past week. Price Target Changed • Sep 28
Price target decreased to €27.80 Down from €29.95, the current price target is an average from 5 analysts. New target price is 55% above last closing price of €17.92. Stock is down 31% over the past year. The company is forecast to post earnings per share of €1.05 for next year compared to €0.83 last year. Major Estimate Revision • Jul 29
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €1.19 to €1.05 per share. Revenue forecast steady at €1.38b. Net income forecast to grow 51% next year vs 16% growth forecast for Aerospace & Defense industry in France. Consensus price target down from €29.95 to €28.00. Share price rose 6.5% to €23.00 over the past week. Reported Earnings • Jul 25
First half 2022 earnings: EPS and revenues exceed analyst expectations First half 2022 results: EPS: €0.63 (up from €0.56 in 1H 2021). Revenue: €712.9m (up 17% from 1H 2021). Net income: €33.4m (up 13% from 1H 2021). Profit margin: 4.7% (down from 4.9% in 1H 2021). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 59%. Over the next year, revenue is forecast to grow 12%, compared to a 14% growth forecast for the industry in France. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 27
Upcoming dividend of €0.29 per share Eligible shareholders must have bought the stock before 04 May 2022. Payment date: 06 May 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of French dividend payers (4.8%). In line with average of industry peers (1.3%). Reported Earnings • Apr 15
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: €0.83 (up from €0.70 loss in FY 2020). Revenue: €1.20b (down 5.5% from FY 2020). Net income: €44.0m (up €81.4m from FY 2020). Profit margin: 3.7% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 5.9%. Over the next year, revenue is forecast to grow 11%, compared to a 11% growth forecast for the industry in France. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €21.90, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 21x in the Aerospace & Defense industry in France. Total loss to shareholders of 19% over the past three years. Reported Earnings • Feb 19
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: €0.83 (up from €0.70 loss in FY 2020). Revenue: €1.20b (down 5.5% from FY 2020). Net income: €44.0m (up €81.4m from FY 2020). Profit margin: 3.7% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 5.9%. Over the next year, revenue is forecast to grow 8.6%, compared to a 12% growth forecast for the industry in France. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Price Target Changed • Jul 28
Price target increased to €31.80 Up from €28.83, the current price target is an average from 5 analysts. New target price is 12% above last closing price of €28.50. Stock is up 50% over the past year. Reported Earnings • Jul 24
First half 2021 earnings released: EPS €0.56 (vs €0.09 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: €612.7m (down 7.1% from 1H 2020). Net income: €29.7m (up €25.0m from 1H 2020). Profit margin: 4.8% (up from 0.7% in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.