Major Estimate Revision • Jul 16
Consensus EPS estimates fall by 44% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from €13.67 to €7.67. Revenue forecast unchanged from €275.0m at last update. Net income forecast to shrink 12% next year vs 7.0% growth forecast for Leisure industry in France . Consensus price target of €160 unchanged from last update. Share price rose 3.9% to €90.00 over the past week. New Risk • Jul 03
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.5% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (30% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.5% net profit margin). Price Target Changed • Jul 03
Price target decreased by 10% to €160 Down from €178, the current price target is provided by 1 analyst. New target price is 81% above last closing price of €88.20. Stock is down 16% over the past year. The company is forecast to post earnings per share of €13.67 for next year compared to €17.96 last year. Upcoming Dividend • Apr 15
Upcoming dividend of €2.52 per share Eligible shareholders must have bought the stock before 22 April 2026. Payment date: 24 April 2026. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of French dividend payers (5.5%). Lower than average of industry peers (3.4%). Declared Dividend • Apr 01
Dividend of €2.52 announced Dividend of €2.52 is the same as last year. Ex-date: 22nd April 2026 Payment date: 24th April 2026 Dividend yield will be 2.7%, which is lower than the industry average of 3.5%. Sustainability & Growth Dividend is covered by earnings (14% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Mar 08
Price target increased by 7.2% to €178 Up from €166, the current price target is provided by 1 analyst. New target price is 97% above last closing price of €90.20. Stock is down 5.5% over the past year. The company is forecast to post earnings per share of €13.75 for next year compared to €17.96 last year. Ankündigung • Jan 10
Fountaine Pajot SA, Annual General Meeting, Feb 27, 2026 Fountaine Pajot SA, Annual General Meeting, Feb 27, 2026. Location: zone industrielle de chef de baie, avenue du president wilso, la rochelle France Reported Earnings • Dec 26
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: €17.96 (down from €20.10 in FY 2024). Revenue: €336.8m (down 4.5% from FY 2024). Net income: €29.9m (down 11% from FY 2024). Profit margin: 8.9% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 21%. Revenue is expected to decline by 5.1% p.a. on average during the next 2 years, while revenues in the Leisure industry in Europe are expected to grow by 7.1%. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Sep 26
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.3% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Jul 02
First half 2025 earnings released: EPS: €0.009 (vs €0.008 in 1H 2024) First half 2025 results: EPS: €0.009 (up from €0.008 in 1H 2024). Revenue: €157.6m (down 4.8% from 1H 2024). Net income: €15.3m (up 14% from 1H 2024). Profit margin: 9.7% (up from 8.1% in 1H 2024). The increase in margin was driven by lower expenses. Revenue is expected to decline by 5.3% p.a. on average during the next 3 years, while revenues in the Leisure industry in Europe are expected to grow by 6.2%. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Price Target Changed • May 20
Price target decreased by 7.5% to €167 Down from €180, the current price target is an average from 2 analysts. New target price is 67% above last closing price of €99.60. Stock is down 24% over the past year. The company is forecast to post earnings per share of €13.39 for next year compared to €20.10 last year. Ankündigung • May 20
S.A. Fountaine Pajot (ENXTPA:ALFPC) announces an Equity Buyback for 140,000 shares, for €16.8 million. S.A. Fountaine Pajot (ENXTPA:ALFPC) announces a share repurchase program. Under the program, the company will repurchase up to 140,000 shares, representing 8.4% of its issued share capital for €16.8 million. The share repurchase price will not exceed €120 per share. The purpose of the program is to promote the liquidity of company's shares, free allocation of shares, or stock options, to employees or managers of the company, or the allocation or transfer of shares within the framework of employee savings plans, the retention and subsequent delivery of shares for exchange or payment within the framework financial operations or external growth, to cancel the shares and to implement any market practice that may become accepted and carry out any transaction in accordance with the regulations in force. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €101, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 18x in the Leisure industry in Europe. Negligible returns to shareholders over past three years. Declared Dividend • Apr 20
Dividend increased to €2.52 Dividend of €2.52 is 15% higher than last year. Ex-date: 23rd April 2025 Payment date: 25th April 2025 Dividend yield will be 3.0%, which is lower than the industry average of 3.5%. Sustainability & Growth Dividend is covered by earnings (14% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 52% over the next 2 years. However, it would need to fall by 84% to increase the payout ratio to a potentially unsustainable range. New Risk • Jan 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 35% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 35% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows. Ankündigung • Jan 04
S.A. Fountaine Pajot, Annual General Meeting, Feb 20, 2025 S.A. Fountaine Pajot, Annual General Meeting, Feb 20, 2025. Location: zone industrielle de chef de baie, avenue du president wilson, la rochelle France Price Target Changed • Nov 10
Price target decreased by 8.6% to €165 Down from €180, the current price target is an average from 2 analysts. New target price is 68% above last closing price of €98.00. Stock is down 5.8% over the past year. The company is forecast to post earnings per share of €20.24 for next year compared to €6.86 last year. New Risk • Oct 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 7.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 7.2% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (93% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.2% net profit margin). Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €116, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Leisure industry in France. Total returns to shareholders of 4.1% over the past three years. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €137, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 21x in the Leisure industry in Europe. Total returns to shareholders of 26% over the past three years. Major Estimate Revision • Apr 25
Consensus EPS estimates increase by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from €323.3m to €342.5m. EPS estimate increased from €17.24 to €19.86 per share. Net income forecast to grow 190% next year vs 18% growth forecast for Leisure industry in France. Consensus price target up from €175 to €195. Share price rose 16% to €137 over the past week. Price Target Changed • Jan 19
Price target increased by 11% to €175 Up from €158, the current price target is provided by 1 analyst. New target price is 55% above last closing price of €113. Stock is down 7.1% over the past year. The company is forecast to post earnings per share of €17.24 for next year compared to €6.86 last year. Reported Earnings • Dec 25
Full year 2023 earnings released: EPS: €6.86 (vs €9.55 in FY 2022) Full year 2023 results: EPS: €6.86 (down from €9.55 in FY 2022). Revenue: €298.0m (up 35% from FY 2022). Net income: €11.4m (down 28% from FY 2022). Profit margin: 3.8% (down from 7.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 3.7% growth forecast for the Leisure industry in France. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €105, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Leisure industry in Europe. Total returns to shareholders of 95% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €54.95 per share. New Risk • Oct 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended February 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. Price Target Changed • Nov 16
Price target decreased to €150 Down from €162, the current price target is provided by 1 analyst. New target price is 50% above last closing price of €99.50. Stock is down 22% over the past year. The company is forecast to post earnings per share of €10.28 for next year compared to €6.96 last year. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Director Thomas Trideau was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Major Estimate Revision • Nov 04
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from €225.6m to €219.9m. EPS estimate rose from €10.41 to €1,028. Net income forecast to grow 14% next year vs 17% growth forecast for Leisure industry in France. Consensus price target of €150 unchanged from last update. Share price was steady at €96.30 over the past week. Price Target Changed • Apr 27
Price target increased to €168 Up from €144, the current price target is provided by 1 analyst. New target price is 48% above last closing price of €113. Stock is down 1.2% over the past year. The company is forecast to post earnings per share of €4.56 for next year compared to €4.27 last year. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Director Thomas Trideau was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €106, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Leisure industry in Europe. Total returns to shareholders of 19% over the past three years. Buying Opportunity • Feb 21
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €157, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% per annum over the last 3 years. Earnings per share has declined by 11% per annum over the last 3 years. Reported Earnings • Jun 29
First half 2021 earnings released: EPS €0.32 (vs €2.22 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: €85.7m (down 11% from 1H 2020). Net income: €536.3k (down 86% from 1H 2020). Profit margin: 0.6% (down from 3.8% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 8% per year. Major Estimate Revision • Jun 23
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from €4.65 to €3.45. Revenue forecast unchanged from €198.7m at last update. Net income forecast to shrink 20% next year vs 32% growth forecast for Leisure industry in France . Consensus price target of €144 unchanged from last update. Share price fell 2.1% to €114 over the past week. Is New 90 Day High Low • Jan 21
New 90-day high: €102 The company is up 59% from its price of €64.20 on 23 October 2020. The French market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 39% over the same period. Is New 90 Day High Low • Dec 24
New 90-day high: €87.40 The company is up 55% from its price of €56.40 on 24 September 2020. The French market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 39% over the same period. Major Estimate Revision • Dec 24
Analysts update estimates The 2020 consensus earning per share (EPS) estimate increased from €0.75 to €4.48. No change was made to the revenue estimate which at the last update was €168.4m. Net income is expected to shrink by 39% next year compared to 10% growth forecast for the Leisure industry in France . The consensus price target increased from €83.00 to €109. Share price is up 4.3% to €87.40 over the past week. Is New 90 Day High Low • Dec 07
New 90-day high: €78.80 The company is up 24% from its price of €63.60 on 08 September 2020. The French market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 20% over the same period. Is New 90 Day High Low • Nov 16
New 90-day high: €70.60 The company is up 8.0% from its price of €65.20 on 18 August 2020. The French market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is up 11% over the same period. Valuation Update With 7 Day Price Move • Oct 29
Market pulls back on stock over the past week After last week's 16% share price decline to €56.40, the stock is trading at a trailing P/E ratio of 7.2x, down from the previous P/E ratio of 8.6x. This compares to an average P/E of 14x in the Leisure industry in France. Total return to shareholders over the past three years is a loss of 26%. Is New 90 Day High Low • Oct 21
New 90-day high: €67.00 The company is up 2.0% from its price of €66.00 on 23 July 2020. The French market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Leisure industry, which is up 15% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: €57.40 The company is down 9.0% from its price of €63.00 on 24 June 2020. The French market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is flat over the same period.