Price Target Changed • May 18
Price target decreased by 12% to €26.83 Down from €30.50, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of €26.80. Stock is down 28% over the past year. The company is forecast to post earnings per share of €0.92 for next year compared to €1.00 last year. New Risk • Apr 20
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.8x 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 (2.8x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.5% net profit margin). Price Target Changed • Apr 07
Price target decreased by 24% to €26.55 Down from €34.75, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of €26.00. Stock is down 28% over the past year. The company is forecast to post earnings per share of €1.21 for next year compared to €1.54 last year. Announcement • Mar 27
Roche Bobois S.A., Annual General Meeting, Jun 16, 2026 Roche Bobois S.A., Annual General Meeting, Jun 16, 2026. Announcement • Jan 28
Roche Bobois S.A. (ENXTPA:RBO) commences an Equity Buyback Plan for €10 million worth of its shares, under the authorization approved on June 12, 2025. Roche Bobois S.A. (ENXTPA:RBO) commences share repurchases on January 20, 2026, under the program mandated by the Combined General Meeting held on June 12, 2025. As per the mandate, the company is authorized to repurchase its own shares such that the maximum number of shares that may be purchased may not, at any time, exceed 10% of its share capital at any time, for worth €10 million. The shares will be repurchased at a price of €60 per share. The repurchased shares may be used for honoring obligations related to stock option plans, free share allocations, employee savings plans or other allocations of shares to employees and managers of the company or companies affiliated to it as well as to carry out all hedging transactions relating to these transactions, delivering shares upon the exercise of rights attached to securities giving access to the capital, for retention and subsequent remittance for exchange or payment in the context of any external growth operations, ensuring the liquidity of the company's shares and cancel all or part of the shares. The authorization will be valid for 18 months from the date of Annual General Meeting. Announcement • Jan 08
Roche Bobois Has Relocates Its London Showroom Roche Bobois has relocated its historic London showroom, where the brand has been present since 1997. This new space, still located on Finchley Road in the Hampstead district, offers approximately 700 sqm of exhibition area spread over two main levels. Major renovation works were carried out to enhance the double-height volumes and created a smooth, fluid flow throughout the showroom. Roche Bobois operates eight showrooms in the United Kingdom. New Risk • Sep 17
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 175% 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: Minor Risks High level of debt (175% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.2% net profit margin). Reported Earnings • Sep 17
First half 2025 earnings released First half 2025 results: Revenue: €206.2m (flat on 1H 2024). Net income: €5.80m (down 29% from 1H 2024). Profit margin: 2.8% (down from 4.0% in 1H 2024). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Consumer Durables industry in France. Price Target Changed • Jul 24
Price target decreased by 8.0% to €41.63 Down from €45.25, the current price target is an average from 4 analysts. New target price is 18% above last closing price of €35.30. Stock is down 26% over the past year. The company is forecast to post earnings per share of €2.11 for next year compared to €1.54 last year. Announcement • Jul 23
Roche Bobois S.A. to Report First Half, 2025 Results on Sep 11, 2025 Roche Bobois S.A. announced that they will report first half, 2025 results on Sep 11, 2025 Declared Dividend • Jun 23
Dividend of €1.25 announced Shareholders will receive a dividend of €1.25. Ex-date: 2nd July 2025 Payment date: 4th July 2025 Dividend yield will be 3.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (81% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 29% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 76% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 29
Full year 2024 earnings released: EPS: €1.56 (vs €3.12 in FY 2023) Full year 2024 results: EPS: €1.56 (down from €3.12 in FY 2023). Revenue: €414.0m (down 3.6% from FY 2023). Net income: €15.6m (down 50% from FY 2023). Profit margin: 3.8% (down from 7.3% in FY 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Durables industry in France. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Mar 29
Roche Bobois S.A., Annual General Meeting, Jun 12, 2025 Roche Bobois S.A., Annual General Meeting, Jun 12, 2025. Major Estimate Revision • Oct 24
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €2.25 to €1.92 per share. Revenue forecast steady at €416.3m. Net income forecast to grow 12% next year vs 8.8% growth forecast for Consumer Durables industry in France. Consensus price target broadly unchanged at €46.20. Share price was steady at €43.80 over the past week. Major Estimate Revision • Sep 18
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €432.2m to €419.9m. EPS estimate also fell from €2.92 per share to €2.21 per share. Net income forecast to grow 16% next year vs 6.9% growth forecast for Consumer Durables industry in France. Consensus price target down from €51.75 to €47.80. Share price fell 10.0% to €44.30 over the past week. Reported Earnings • Sep 17
First half 2024 earnings released First half 2024 results: Revenue: €204.4m (down 7.8% from 1H 2023). Net income: €8.10m (down 59% from 1H 2023). Profit margin: 4.0% (down from 8.8% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Consumer Durables industry in France. Price Target Changed • Sep 13
Price target decreased by 7.2% to €48.00 Down from €51.75, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of €45.90. Stock is down 5.7% over the past year. The company is forecast to post earnings per share of €2.25 for next year compared to €3.12 last year. New Risk • Jul 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Upcoming Dividend • Jun 26
Upcoming dividend of €1.25 per share Eligible shareholders must have bought the stock before 03 July 2024. Payment date: 05 July 2024. Payout ratio is a comfortable 72% and the cash payout ratio is 77%. Trailing yield: 4.7%. Lower than top quartile of French dividend payers (5.4%). Higher than average of industry peers (3.3%). Reported Earnings • Apr 26
Full year 2023 earnings released: EPS: €3.12 (vs €3.13 in FY 2022) Full year 2023 results: EPS: €3.12. Revenue: €429.6m (up 5.2% from FY 2022). Net income: €31.3m (flat on FY 2022). Profit margin: 7.3% (down from 7.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Consumer Durables industry in France. Announcement • Apr 10
Roche Bobois S.A. (ENXTPA:RBO) has signed a letter of intent to acquire a 51% stake Shanghai Rock Castle Furniture Co. Ltd. Roche Bobois S.A. (ENXTPA:RBO) has signed a letter of intent to acquire a 51% stake Shanghai Rock Castle Furniture Co. Ltd. on April 10, 2024. Shanghai Rock Castle Furniture, the owner of the Roche Bobois franchise in China, which directly runs 3 stores 1 in Beijing and 2 in Shanghai and manages 23 franchised outlets located in various mid-sized cities. In 2023, China accounted for total retail sales of €23m, including €8m in 3 stores located in Beijing and Shanghai. The acquisition of this majority interest should take effect in July 2024. New Risk • Mar 30
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 118% 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: Minor Risks High level of debt (118% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Mar 28
Roche Bobois S.A., Annual General Meeting, Jun 13, 2024 Roche Bobois S.A., Annual General Meeting, Jun 13, 2024. Agenda: To propose an unchanged dividend. Reported Earnings • Mar 28
Full year 2023 earnings released Full year 2023 results: Revenue: €429.6m (up 5.2% from FY 2022). Net income: €31.3m (flat on FY 2022). Profit margin: 7.3% (down from 7.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Consumer Durables industry in France. Upcoming Dividend • Nov 07
Upcoming dividend of €1.00 per share at 5.5% yield Eligible shareholders must have bought the stock before 14 November 2023. Payment date: 16 November 2023. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 5.5%. Within top quartile of French dividend payers (5.5%). Higher than average of industry peers (3.4%). Reported Earnings • Sep 17
First half 2023 earnings released First half 2023 results: Revenue: €221.7m (up 9.2% from 1H 2022). Net income: €19.6m (down 2.4% from 1H 2022). Profit margin: 8.8% (down from 9.9% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Consumer Durables industry in France. Price Target Changed • Jul 17
Price target increased by 7.4% to €50.20 Up from €46.75, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of €48.20. Stock is up 44% over the past year. Upcoming Dividend • Jun 27
Upcoming dividend of €1.25 per share at 5.2% yield Eligible shareholders must have bought the stock before 04 July 2023. Payment date: 06 July 2023. Trailing yield: 5.2%. Within top quartile of French dividend payers (5.2%). Higher than average of industry peers (3.6%). Reported Earnings • Mar 24
Full year 2022 earnings released Full year 2022 results: Revenue: €408.5m (up 22% from FY 2021). Net income: €31.3m (up 67% from FY 2021). Profit margin: 7.7% (up from 5.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Consumer Durables industry in France. Price Target Changed • Mar 23
Price target increased by 8.3% to €45.75 Up from €42.25, the current price target is an average from 4 analysts. New target price is 10% above last closing price of €41.50. Stock is up 22% over the past year. The company is forecast to post earnings per share of €3.27 for next year compared to €1.89 last year. Announcement • Jan 19
Roche Bobois S.A. (ENXTPA:RBO) agreed to acquire 13 franchised stores in France. Roche Bobois S.A. (ENXTPA:RBO) agreed to acquire 13 franchised stores in France on January 19, 2023. The Transaction will expected to close by April 15, 2023. Major Estimate Revision • Sep 20
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €2.57 to €3.18. Revenue forecast steady at €391.3m. Net income forecast to shrink 2.0% next year vs 40% growth forecast for Consumer Durables industry in France . Consensus price target broadly unchanged at €42.25. Share price rose 2.3% to €35.30 over the past week. Reported Earnings • Sep 14
First half 2022 earnings released: EPS: €0 (vs €0.91 in 1H 2021) First half 2022 results: EPS: €0. Revenue: €203.0m (up 27% from 1H 2021). Net income: €20.1m (up 124% from 1H 2021). Profit margin: 9.9% (up from 5.6% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Consumer Durables industry in France. Major Estimate Revision • Jul 23
Consensus EPS estimates increase by 15% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €357.4m to €391.6m. EPS estimate increased from €2.23 to €2.57 per share. Net income forecast to grow 36% next year vs 40% growth forecast for Consumer Durables industry in France. Consensus price target up from €40.00 to €41.50. Share price rose 2.4% to €33.80 over the past week. Major Estimate Revision • Mar 31
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €347.7m to €352.6m. EPS estimate fell from €2.25 to €1.99 per share. Net income forecast to grow 5.1% next year vs 9.1% growth forecast for Consumer Durables industry in France. Consensus price target broadly unchanged at €39.25. Share price rose 3.8% to €35.30 over the past week. Price Target Changed • Feb 02
Price target increased to €39.50 Up from €36.38, the current price target is an average from 2 analysts. New target price is 5.6% above last closing price of €37.40. Stock is up 82% over the past year. The company is forecast to post earnings per share of €2.01 for next year compared to €1.01 last year. Price Target Changed • Oct 29
Price target increased to €34.75 Up from €31.25, the current price target is an average from 4 analysts. New target price is 11% below last closing price of €39.20. Stock is up 142% over the past year. The company is forecast to post earnings per share of €2.01 for next year compared to €1.01 last year. Reported Earnings • Sep 26
First half 2021 earnings released The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €159.6m (up 46% from 1H 2020). Net income: €9.00m (up €10.1m from 1H 2020). Profit margin: 5.6% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 22% share price gain to €29.20, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Consumer Durables industry in France. Total returns to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €46.84 per share. Major Estimate Revision • Jul 24
Consensus EPS estimates increase to €1.94 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from €306.8m to €323.6m. EPS estimate increased from €1.42 to €1.94 per share. Net income forecast to grow 92% next year vs 36% growth forecast for Consumer Durables industry in France. Consensus price target up from €26.68 to €31.25. Share price rose 13% to €27.00 over the past week. Price Target Changed • Jul 23
Price target increased to €31.25 Up from €26.43, the current price target is an average from 4 analysts. New target price is 22% above last closing price of €25.60. Stock is up 67% over the past year. Upcoming Dividend • Jun 12
Upcoming dividend of €0.50 per share Eligible shareholders must have bought the stock before 18 June 2021. Payment date: 22 June 2021. Trailing yield: 2.1%. Lower than top quartile of French dividend payers (3.7%). Higher than average of industry peers (1.6%). Reported Earnings • Mar 26
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €266.0m (down 3.2% from FY 2019). Net income: €10.0m (up 7.5% from FY 2019). Profit margin: 3.8% (up from 3.4% in FY 2019). The increase in margin was driven by lower expenses. Is New 90 Day High Low • Mar 05
New 90-day high: €21.10 The company is up 15% from its price of €18.30 on 04 December 2020. The French market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €36.94 per share. Price Target Changed • Feb 04
Price target raised to €21.25 Up from €19.70, the current price target is an average from 3 analysts. The new target price is close to the current share price of €20.50. As of last close, the stock is up 7.0% over the past year. Is New 90 Day High Low • Feb 04
New 90-day high: €20.50 The company is up 21% from its price of €16.95 on 05 November 2020. The French market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €35.12 per share. Is New 90 Day High Low • Jan 15
New 90-day high: €19.90 The company is up 14% from its price of €17.45 on 16 October 2020. The French market is also up 14% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Consumer Durables industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €35.75 per share. Is New 90 Day High Low • Dec 10
New 90-day high: €19.00 The company is up 16% from its price of €16.45 on 11 September 2020. The French market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €35.28 per share. Is New 90 Day High Low • Nov 11
New 90-day high: €18.20 The company is up 17% from its price of €15.50 on 13 August 2020. The French market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.46 per share. Price Target Changed • Oct 22
Price target raised to €19.70 Up from €17.93, the current price target is an average from 4 analysts. The new target price is 16% above the current share price of €17.05. As of last close, the stock is up 5.2% over the past year. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total profits of €4.10m, down 53% from the prior year. Total revenue was €249.6m over the last 12 months, down 4.9% from the prior year. Is New 90 Day High Low • Oct 01
New 90-day high: €17.00 The company is up 14% from its price of €14.85 on 03 July 2020. The French market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €41.04 per share.