This company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsNeoen（NEOEN）株式概要Neoen S.A.は独立系の再生可能エネルギー生産会社で、再生可能エネルギー発電所の開発と運営に従事している。 詳細NEOEN ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長4/6過去の実績1/6財務の健全性1/6配当金0/6報酬収益は年間30.85%増加すると予測されています リスク分析利払いは収益で十分にカバーされない 利益率(3.6%)は昨年より低い(28.6%) 財務結果に影響を与える大きな一時的項目 すべてのリスクチェックを見るNEOEN Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€39.0018.1% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture01b2016201920222025202620282031Revenue €1.3bEarnings €45.0mAdvancedSet Fair ValueView all narrativesNeoen S.A. 競合他社VoltaliaSymbol: ENXTPA:VLTSAMarket cap: €927.1mArverne GroupSymbol: ENXTPA:ARVENMarket cap: €230.1mHydrogène de France Société anonymeSymbol: ENXTPA:HDFMarket cap: €55.8mRubisSymbol: ENXTPA:RUIMarket cap: €3.6b価格と性能株価の高値、安値、推移の概要Neoen過去の株価現在の株価€39.0052週高値€40.7952週安値€24.52ベータ0.931ヶ月の変化-2.13%3ヶ月変化-1.32%1年変化56.12%3年間の変化7.08%5年間の変化38.54%IPOからの変化128.07%最新ニュースお知らせ • Apr 04Neoen S.A.(ENXTPA:NEOEN) dropped from CAC AllShares IndexNeoen S.A. removedお知らせ • Mar 24Neoen S.A.(ENXTPA:NEOEN) dropped from FTSE All-World Index (USD)Neoen S.A.(ENXTPA:NEOEN) dropped from FTSE All-World Index (USD)お知らせ • Mar 20+ 1 more updateBrookfield Global Transition Fund 2, managed by Brookfield Corporation (TSX:BN), Brookfield Renewable Corporation (TSX:BEPC), and Temasek Holdings (Private) Limited completed the acquisition of 53.32% stake in Neoen S.A. (ENXTPA:NEOEN) from Fonds Strategique De Participations, managed by ISALT, SAS, Mosca Animation Participations Et Conseil, Celeste Management SAS and Impala SAS.Brookfield Global Transition Fund 2, managed by Brookfield Corporation (TSX:BN), Brookfield Renewable Corporation (TSX:BEPC), and Temasek Holdings (Private) Limited proposed to acquire 53.32% stake in Neoen S.A. (ENXTPA:NEOEN) from Fonds Strategique De Participations, managed by ISALT, SAS, Mosca Animation Participations Et Conseil, Celeste Management SAS and Impala SAS for €3.2 billion on May 29, 2024. Brookfield Global Transition Fund 2, managed by Brookfield Corporation (TSX:BN), Brookfield Renewable Corporation (TSX:BEPC), and Temasek Holdings (Private) Limited signed a share purchase agreement to acquire 53.32% stake in Neoen S.A. (ENXTPA:NEOEN) from Fonds Strategique De Participations, managed by ISALT, SAS, Mosca Animation Participations Et Conseil, Celeste Management SAS and Impala SAS for €3.2 billion on June 24, 2024. Brookfield's offer implies an equity value for 100% of the shares of €6.1 billion, and our Board of Directors unanimously welcomed Brookfield's proposal. The offer price per share is €39.85. Following the block acquisition, Brookfield would file a mandatory cash tender offer for the remaining shares, at same offer price. The closing of the deal will see Brookfield take a 53.12% majority stake in Neoen at €39.85 ($42.6) per share from investors Impala and Fonds Stratgique de Participations, an investment vehicle owned by seven French insurance companies, amongst others. The Board has established an ad hoc committee comprised of Bertrand Dumazyxi, Helen Lee Bouygues and Christophe Gégoutxii to monitor and facilitate the work of the independent expert, and to prepare a reasoned opinion on the merits of the tender offer and its consequences for Neoen, its shareholders and its employees. The transaction would be subject to customary regulatory approvals including antitrust and foreign investments clearances. The Board of Directors of Neoen, in a meeting on May 29, 2024, unanimously welcomed the proposed transaction It is expected that the regulatory approvals would be obtained by Q4 2024. The transaction is subject to the closing of the Block Acquisition, it is expected that Brookfield would file an all-cash mandatory tender offer for all of the remaining shares and outstanding convertible bonds (OCEANEs) in Neoen, with the “intention of implementing a squeeze out”, which is expected that the regulatory approvals be obtained by Q4 2024 and that the tender offer be launched in Q1 2025. As of October 31, 2024, it is informed that The ACCC will not oppose the acquisition. As of December 27, 2024, Brookfield has completed the acquisition of approximately 53.12% of the outstanding shares of Neoen. As of January 24, 2025, Brookfield Renewable Holdings SAS increases the price offered for the 2022 OCEANEs as part of the simplified tender offer for the Neoen shares and OCEANEs. As of January 24, 2025, the mandatory simplified tender offer is still pending approval by the French Financial Markets Authority (AMF). BNP Paribas and Olivier Akian, Patrick Perreault, Louis-Aynard de Clermont Tonnerre, Julien Benhamou of Société Générale acted as financial advisors, Benjamin de Blegiers and Gilles Lebreton, Alexandre Merle, Catherine Naroz, Elsa Lalanne, David Tayar, Laura Chen, Daniel Zerbib, Chloé Desreumaux, Fabien Jacquemard, Maroussia Cuny, Gauthier Martin, Clémence Graffan, Florence Aubonnet, Anne Lemercier, Alexandre Lagarrigue, Olivier Plessis, Hugues Martin-Sisteron, Alexandre Couturier, Véronique De Hemmer Gudme, Alice Dunoyer de Segonzac, Nadia Kalic and Chad Bochan of Clifford Chance acted as legal advisor to Temasek Holdings (Private) Limited, Brookfield Renewable Corporation, and Brookfield Corporation. Bank of America is acting as exclusive financial advisor and Olivier Assant, Clémence Fallet, Arthur Helfer, Sébastien de Monès, Laetitia Tombarello, Olivier Saba of Bredin Prat is acting as legal advisor to Neoen. Marcus Billam, Olivier Diaz and Alexandre Durand of Gide Loyrette Nouel is acting as legal advisor to the ad hoc committee. Citi and Bredin Prat are acting respectively as financial and legal advisors to Impala. Perchet Rontchevsky is acting as legal advisor to FSP. Impala was also advised by MinterEllison on the Australian aspects. Brookfield Global Transition Fund 2, managed by Brookfield Corporation (TSX:BN), Brookfield Renewable Corporation (TSX:BEPC), and Temasek Holdings (Private) Limited completed the acquisition of 53.32% stake in Neoen S.A. (ENXTPA:NEOEN) from Fonds Strategique De Participations, managed by ISALT, SAS, Mosca Animation Participations Et Conseil, Celeste Management SAS and Impala SAS on March 19, 2025.Recent Insider Transactions • Jan 03Chief Operating Officer recently sold €1.6m worth of stockOn the 30th of December, Romain Desrousseaux sold around 40k shares on-market at roughly €39.78 per share. This transaction amounted to 8.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €3.6m. Romain has been a net seller over the last 12 months, reducing personal holdings by €8.9m.Major Estimate Revision • Nov 28Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €670.4m to €643.5m. EPS estimate also fell from €0.60 per share to €0.53 per share. Net income forecast to grow 18% next year vs 18% growth forecast for Renewable Energy industry in France. Consensus price target of €36.85 unchanged from last update. Share price was steady at €39.50 over the past week.Reported Earnings • Jul 29First half 2024 earnings released: EPS: €0.21 (vs €0.69 in 1H 2023)First half 2024 results: EPS: €0.21 (down from €0.69 in 1H 2023). Revenue: €255.7m (down 7.7% from 1H 2023). Net income: €32.7m (down 65% from 1H 2023). Profit margin: 13% (down from 33% in 1H 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Renewable Energy industry in France. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.最新情報をもっと見るRecent updatesお知らせ • Apr 04Neoen S.A.(ENXTPA:NEOEN) dropped from CAC AllShares IndexNeoen S.A. removedお知らせ • Mar 24Neoen S.A.(ENXTPA:NEOEN) dropped from FTSE All-World Index (USD)Neoen S.A.(ENXTPA:NEOEN) dropped from FTSE All-World Index (USD)お知らせ • Mar 20+ 1 more updateBrookfield Global Transition Fund 2, managed by Brookfield Corporation (TSX:BN), Brookfield Renewable Corporation (TSX:BEPC), and Temasek Holdings (Private) Limited completed the acquisition of 53.32% stake in Neoen S.A. (ENXTPA:NEOEN) from Fonds Strategique De Participations, managed by ISALT, SAS, Mosca Animation Participations Et Conseil, Celeste Management SAS and Impala SAS.Brookfield Global Transition Fund 2, managed by Brookfield Corporation (TSX:BN), Brookfield Renewable Corporation (TSX:BEPC), and Temasek Holdings (Private) Limited proposed to acquire 53.32% stake in Neoen S.A. (ENXTPA:NEOEN) from Fonds Strategique De Participations, managed by ISALT, SAS, Mosca Animation Participations Et Conseil, Celeste Management SAS and Impala SAS for €3.2 billion on May 29, 2024. Brookfield Global Transition Fund 2, managed by Brookfield Corporation (TSX:BN), Brookfield Renewable Corporation (TSX:BEPC), and Temasek Holdings (Private) Limited signed a share purchase agreement to acquire 53.32% stake in Neoen S.A. (ENXTPA:NEOEN) from Fonds Strategique De Participations, managed by ISALT, SAS, Mosca Animation Participations Et Conseil, Celeste Management SAS and Impala SAS for €3.2 billion on June 24, 2024. Brookfield's offer implies an equity value for 100% of the shares of €6.1 billion, and our Board of Directors unanimously welcomed Brookfield's proposal. The offer price per share is €39.85. Following the block acquisition, Brookfield would file a mandatory cash tender offer for the remaining shares, at same offer price. The closing of the deal will see Brookfield take a 53.12% majority stake in Neoen at €39.85 ($42.6) per share from investors Impala and Fonds Stratgique de Participations, an investment vehicle owned by seven French insurance companies, amongst others. The Board has established an ad hoc committee comprised of Bertrand Dumazyxi, Helen Lee Bouygues and Christophe Gégoutxii to monitor and facilitate the work of the independent expert, and to prepare a reasoned opinion on the merits of the tender offer and its consequences for Neoen, its shareholders and its employees. The transaction would be subject to customary regulatory approvals including antitrust and foreign investments clearances. The Board of Directors of Neoen, in a meeting on May 29, 2024, unanimously welcomed the proposed transaction It is expected that the regulatory approvals would be obtained by Q4 2024. The transaction is subject to the closing of the Block Acquisition, it is expected that Brookfield would file an all-cash mandatory tender offer for all of the remaining shares and outstanding convertible bonds (OCEANEs) in Neoen, with the “intention of implementing a squeeze out”, which is expected that the regulatory approvals be obtained by Q4 2024 and that the tender offer be launched in Q1 2025. As of October 31, 2024, it is informed that The ACCC will not oppose the acquisition. As of December 27, 2024, Brookfield has completed the acquisition of approximately 53.12% of the outstanding shares of Neoen. As of January 24, 2025, Brookfield Renewable Holdings SAS increases the price offered for the 2022 OCEANEs as part of the simplified tender offer for the Neoen shares and OCEANEs. As of January 24, 2025, the mandatory simplified tender offer is still pending approval by the French Financial Markets Authority (AMF). BNP Paribas and Olivier Akian, Patrick Perreault, Louis-Aynard de Clermont Tonnerre, Julien Benhamou of Société Générale acted as financial advisors, Benjamin de Blegiers and Gilles Lebreton, Alexandre Merle, Catherine Naroz, Elsa Lalanne, David Tayar, Laura Chen, Daniel Zerbib, Chloé Desreumaux, Fabien Jacquemard, Maroussia Cuny, Gauthier Martin, Clémence Graffan, Florence Aubonnet, Anne Lemercier, Alexandre Lagarrigue, Olivier Plessis, Hugues Martin-Sisteron, Alexandre Couturier, Véronique De Hemmer Gudme, Alice Dunoyer de Segonzac, Nadia Kalic and Chad Bochan of Clifford Chance acted as legal advisor to Temasek Holdings (Private) Limited, Brookfield Renewable Corporation, and Brookfield Corporation. Bank of America is acting as exclusive financial advisor and Olivier Assant, Clémence Fallet, Arthur Helfer, Sébastien de Monès, Laetitia Tombarello, Olivier Saba of Bredin Prat is acting as legal advisor to Neoen. Marcus Billam, Olivier Diaz and Alexandre Durand of Gide Loyrette Nouel is acting as legal advisor to the ad hoc committee. Citi and Bredin Prat are acting respectively as financial and legal advisors to Impala. Perchet Rontchevsky is acting as legal advisor to FSP. Impala was also advised by MinterEllison on the Australian aspects. Brookfield Global Transition Fund 2, managed by Brookfield Corporation (TSX:BN), Brookfield Renewable Corporation (TSX:BEPC), and Temasek Holdings (Private) Limited completed the acquisition of 53.32% stake in Neoen S.A. (ENXTPA:NEOEN) from Fonds Strategique De Participations, managed by ISALT, SAS, Mosca Animation Participations Et Conseil, Celeste Management SAS and Impala SAS on March 19, 2025.Recent Insider Transactions • Jan 03Chief Operating Officer recently sold €1.6m worth of stockOn the 30th of December, Romain Desrousseaux sold around 40k shares on-market at roughly €39.78 per share. This transaction amounted to 8.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €3.6m. Romain has been a net seller over the last 12 months, reducing personal holdings by €8.9m.Major Estimate Revision • Nov 28Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €670.4m to €643.5m. EPS estimate also fell from €0.60 per share to €0.53 per share. Net income forecast to grow 18% next year vs 18% growth forecast for Renewable Energy industry in France. Consensus price target of €36.85 unchanged from last update. Share price was steady at €39.50 over the past week.Reported Earnings • Jul 29First half 2024 earnings released: EPS: €0.21 (vs €0.69 in 1H 2023)First half 2024 results: EPS: €0.21 (down from €0.69 in 1H 2023). Revenue: €255.7m (down 7.7% from 1H 2023). Net income: €32.7m (down 65% from 1H 2023). Profit margin: 13% (down from 33% in 1H 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Renewable Energy industry in France. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.New Risk • Jun 14New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • May 31Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €37.86, the stock trades at a forward P/E ratio of 69x. Average forward P/E is 24x in the Renewable Energy industry in France. Total returns to shareholders of 29% over the past three years.お知らせ • May 31Brookfield Leads Group Reportedly Seeks Takeover of NeoenA group led by Canadian investor Brookfield Corporation (TSX:BN) is seeking a takeover of Neoen S.A. (ENXTPA:NEOEN), with the proposed transaction valuing the French renewables company at about EUR 6.1 billion (USD 6.62 billion) in total equity terms. Brookfield, along with its renewables arm Brookfield Renewable Partners L.P. (TSX:BEP.UN) and Singaporean state-owned conglomerate Temasek Holdings (Private) Limited, have started exclusive talks to acquire a stake of 53.32% in Neoen. Discussions are underway with shareholders including Impala, the Fonds Strategique de Participations (FSP), Cartusia and Xavier Barbaro, and other investors. The contemplated transaction values Neoen at EUR 39.85 per share, which represents a premium of 43.5% over the company’s six-month volume-weighted average price. Following the block acquisition, Brookfield Renewable Holdings would file a mandatory cash tender offer for the remaining shares. Neoen’s board of directors has unanimously welcomed Brookfield’s proposal.Price Target Changed • May 31Price target increased by 8.9% to €33.66Up from €30.92, the current price target is an average from 12 analysts. New target price is 7.2% above last closing price of €31.40. Stock is up 9.9% over the past year. The company is forecast to post earnings per share of €0.55 for next year compared to €1.13 last year.Upcoming Dividend • May 13Upcoming dividend of €0.15 per shareEligible shareholders must have bought the stock before 20 May 2024. Payment date: 11 June 2024. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of French dividend payers (5.1%). Lower than average of industry peers (3.2%).お知らせ • Mar 30Neoen Reportedly Considers Selling 30% Stake in its Australian Unit to Raise More Than €1 BillionNeoen S.A. (ENXTPA:NEOEN) is considering selling a 30% stake in its Australian unit to raise more than €1 billion ($1.1 billion) to fund its growth in the country, according to people familiar with the matter. The sale would be part of Neoen’s plan to expand in Australia and elsewhere beyond 2025 without having to resort to a new share sale by the Paris-based parent company, said the people, who asked not to be named because the information is private. Neoen is working with a financial adviser on the potential sale, which might take place in the second half of the year, though no final decision has been made, one of the people said. A representative for Neoen declined to comment on the potential transaction.Declared Dividend • Mar 07Dividend increased to €0.15Dividend of €0.15 is 20% higher than last year. Ex-date: 20th May 2024 Payment date: 14th June 2024 Dividend yield will be 0.6%, which is lower than the industry average of 3.2%.Reported Earnings • Mar 04Full year 2023 earnings releasedFull year 2023 results: Revenue: €524.4m (up 4.2% from FY 2022). Net income: €150.2m (up 232% from FY 2022). Profit margin: 29% (up from 9.0% in FY 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Renewable Energy industry in Europe.Major Estimate Revision • Mar 02Consensus EPS estimates increase by 10%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from €674.7m to €667.4m. EPS estimate rose from €0.549 to €0.604. Net income forecast to shrink 45% next year vs 5.1% growth forecast for Renewable Energy industry in France . Consensus price target broadly unchanged at €31.22. Share price rose 4.0% to €23.78 over the past week.お知らせ • Jan 26Neoen S.A., Annual General Meeting, May 14, 2024Neoen S.A., Annual General Meeting, May 14, 2024.お知らせ • Nov 03+ 1 more updateNeoen S.A. to Report First Half, 2024 Results on Jul 25, 2024Neoen S.A. announced that they will report first half, 2024 results on Jul 25, 2024Reported Earnings • Aug 02First half 2023 earnings released: EPS: €0.65 (vs €0.20 loss in 1H 2022)First half 2023 results: EPS: €0.65 (up from €0.20 loss in 1H 2022). Revenue: €277.0m (up 24% from 1H 2022). Net income: €92.2m (up €113.2m from 1H 2022). Profit margin: 33% (up from net loss in 1H 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Renewable Energy industry in France. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Major Estimate Revision • Jul 05Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €588.5m to €581.1m. EPS estimate also fell from €0.598 per share to €0.534 per share. Net income forecast to grow 86% next year vs 15% growth forecast for Renewable Energy industry in France. Consensus price target of €33.95 unchanged from last update. Share price fell 5.9% to €27.82 over the past week.Major Estimate Revision • Jun 29Consensus EPS estimates fall by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €588.5m to €581.1m. EPS estimate also fell from €0.597 per share to €0.534 per share. Net income forecast to grow 86% next year vs 15% growth forecast for Renewable Energy industry in France. Consensus price target down from €35.38 to €33.95. Share price fell 3.4% to €28.54 over the past week.Upcoming Dividend • May 10Upcoming dividend of €0.13 per share at 0.5% yieldEligible shareholders must have bought the stock before 17 May 2023. Payment date: 08 June 2023. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of French dividend payers (5.3%). Lower than average of industry peers (2.5%).Major Estimate Revision • Mar 30Consensus EPS estimates fall by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €593.8m to €581.3m. EPS estimate also fell from €0.736 per share to €0.661 per share. Net income forecast to grow 103% next year vs 14% growth forecast for Renewable Energy industry in France. Consensus price target down from €39.21 to €37.71. Share price rose 2.2% to €28.66 over the past week.Reported Earnings • Mar 03Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: €0.41. Revenue: €503.2m (up 51% from FY 2021). Net income: €45.2m (up 10% from FY 2021). Profit margin: 9.0% (down from 12% in FY 2021). Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Renewable Energy industry in France.Major Estimate Revision • Mar 02Consensus EPS estimates fall by 18%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.84 to €0.685. Revenue forecast unchanged from €598.9m at last update. Net income forecast to grow 398% next year vs 20% growth forecast for Renewable Energy industry in France. Consensus price target of €39.77 unchanged from last update. Share price fell 14% to €29.34 over the past week.Board Change • Nov 16Less than half of directors are independentThere 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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Christophe Gegout was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Nov 04+ 3 more updatesNeoen S.A. to Report Nine Months, 2023 Results on Nov 02, 2023Neoen S.A. announced that they will report nine months, 2023 results on Nov 02, 2023お知らせ • Oct 07Neoen S.A.(ENXTPA:NEOEN) dropped from Ardour Solar Energy IndexNeoen S.A. has been removed from Ardour Solar Energy Index .Price Target Changed • Sep 09Price target increased to €38.53Up from €35.57, the current price target is an average from 11 analysts. New target price is 5.9% below last closing price of €40.97. Stock is up 18% over the past year. The company is forecast to post earnings per share of €0.50 for next year compared to €0.43 last year.Board Change • Apr 27Less than half of directors are independentThere 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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Christophe Gégout was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Mar 15Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: €0.39 (up from €0.046 in FY 2020). Revenue: €333.6m (up 12% from FY 2020). Net income: €40.2m (up €36.3m from FY 2020). Profit margin: 12% (up from 1.3% in FY 2020). Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 9.1%. Over the next year, revenue is forecast to grow 30%, compared to a 2,883% growth forecast for the industry in France. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.お知らせ • Dec 03An unknown buyer entered into an agreement to acquire 21.7 MWp Lugos and Miremont solar power plants France from Neoen S.A. (ENXTPA:NEOEN) for €29 million.An unknown buyer entered into an agreement to acquire 21.7 MWp Lugos and Miremont solar power plants France from Neoen S.A. (ENXTPA:NEOEN) for €29 million on December 1, 2021. The transaction remains subject to the customary conditions precedent and is expected to close by the end of 2021.お知らせ • Sep 25Amarenco France agreed to acquire 11-MWp Grabels and Lagarde solar power plants in France from NEOEN S.A. (ENXTPA:NEOEN) for €31 million.Amarenco France agreed to acquire 11-MWp Grabels and Lagarde solar power plants in France from NEOEN S.A. (ENXTPA:NEOEN) for €31 million on September 23, 2021. The transaction remains subject to the customary conditions precedent and is expected to close in the fourth quarter of 2021.Reported Earnings • Aug 03First half 2021 earnings released: EPS €0.04 (vs €0.23 in 1H 2020)The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: €164.9m (up 4.9% from 1H 2020). Net income: €4.50m (down 80% from 1H 2020). Profit margin: 2.7% (down from 14% in 1H 2020).Reported Earnings • Mar 16Full year 2020 earnings releasedThe company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €298.8m (up 18% from FY 2019). Net income: €3.90m (down 80% from FY 2019). Profit margin: 1.3% (down from 7.6% in FY 2019).Is New 90 Day High Low • Mar 03New 90-day low: €46.15The company is down 5.0% from its price of €48.55 on 03 December 2020. The French market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy 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 €4.31 per share.Is New 90 Day High Low • Dec 16New 90-day high: €51.00The company is up 16% from its price of €44.15 on 16 September 2020. The French market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.92 per share.Is New 90 Day High Low • Nov 05New 90-day high: €50.20The company is up 30% from its price of €38.65 on 07 August 2020. The French market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.51 per share.株主還元NEOENFR Renewable EnergyFR 市場7D-2.1%0.7%0.5%1Y56.1%-10.5%0.7%株主還元を見る業界別リターン: NEOEN過去 1 年間で-10.5 % の収益を上げたFrench Renewable Energy業界を上回りました。リターン対市場: NEOEN過去 1 年間で0.7 % の収益を上げたFrench市場を上回りました。価格変動Is NEOEN's price volatile compared to industry and market?NEOEN volatilityNEOEN Average Weekly Movement0.9%Renewable Energy Industry Average Movement8.7%Market Average Movement5.4%10% most volatile stocks in FR Market10.6%10% least volatile stocks in FR Market2.9%安定した株価: NEOEN 、 French市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: NEOENの 週次ボラティリティ ( 1% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2008186Xavier Barbarowww.neoen.comNeoen S.A.は独立系の再生可能エネルギー生産会社で、再生可能エネルギー発電所の開発と運営に従事している。太陽光発電、風力発電、蓄電、ファームダウン、開発・投資、消去の各セグメントを通じて事業を展開している。アルゼンチン、オーストラリア、カナダ、エクアドル、米国、フィンランド、フランス、アイルランド、イタリア、ジャマイカ、メキシコ、モザンビーク、ポルトガル、エルサルバドル、スウェーデン、ザンビアで事業を展開している。Neoen S.A.は2008年に設立され、フランスのパリに本社を置いている。Neoen S.A.はBrookfield Renewable Holdings Sas.の子会社として活動している。もっと見るNeoen S.A. 基礎のまとめNeoen の収益と売上を時価総額と比較するとどうか。NEOEN 基礎統計学時価総額€5.96b収益（TTM）€19.00m売上高(TTM)€533.00m313.6xPER（株価収益率11.2xP/SレシオNEOEN は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計NEOEN 損益計算書（TTM）収益€533.00m売上原価€4.80m売上総利益€528.20mその他の費用€509.20m収益€19.00m直近の収益報告Dec 31, 2024次回決算日該当なし一株当たり利益（EPS）0.12グロス・マージン99.10%純利益率3.56%有利子負債／自己資本比率181.1%NEOEN の長期的なパフォーマンスは？過去の実績と比較を見る配当金0.4%現在の配当利回り24%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2025/03/19 04:36終値2025/03/19 00:00収益2024/12/31年間収益2024/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Neoen S.A. 5 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。8 アナリスト機関Henry TarrBerenbergSofia SavvantidouBNP ParibasManuel PalomoBNP Paribas5 その他のアナリストを表示
お知らせ • Mar 24Neoen S.A.(ENXTPA:NEOEN) dropped from FTSE All-World Index (USD)Neoen S.A.(ENXTPA:NEOEN) dropped from FTSE All-World Index (USD)
お知らせ • Mar 20+ 1 more updateBrookfield Global Transition Fund 2, managed by Brookfield Corporation (TSX:BN), Brookfield Renewable Corporation (TSX:BEPC), and Temasek Holdings (Private) Limited completed the acquisition of 53.32% stake in Neoen S.A. (ENXTPA:NEOEN) from Fonds Strategique De Participations, managed by ISALT, SAS, Mosca Animation Participations Et Conseil, Celeste Management SAS and Impala SAS.Brookfield Global Transition Fund 2, managed by Brookfield Corporation (TSX:BN), Brookfield Renewable Corporation (TSX:BEPC), and Temasek Holdings (Private) Limited proposed to acquire 53.32% stake in Neoen S.A. (ENXTPA:NEOEN) from Fonds Strategique De Participations, managed by ISALT, SAS, Mosca Animation Participations Et Conseil, Celeste Management SAS and Impala SAS for €3.2 billion on May 29, 2024. Brookfield Global Transition Fund 2, managed by Brookfield Corporation (TSX:BN), Brookfield Renewable Corporation (TSX:BEPC), and Temasek Holdings (Private) Limited signed a share purchase agreement to acquire 53.32% stake in Neoen S.A. (ENXTPA:NEOEN) from Fonds Strategique De Participations, managed by ISALT, SAS, Mosca Animation Participations Et Conseil, Celeste Management SAS and Impala SAS for €3.2 billion on June 24, 2024. Brookfield's offer implies an equity value for 100% of the shares of €6.1 billion, and our Board of Directors unanimously welcomed Brookfield's proposal. The offer price per share is €39.85. Following the block acquisition, Brookfield would file a mandatory cash tender offer for the remaining shares, at same offer price. The closing of the deal will see Brookfield take a 53.12% majority stake in Neoen at €39.85 ($42.6) per share from investors Impala and Fonds Stratgique de Participations, an investment vehicle owned by seven French insurance companies, amongst others. The Board has established an ad hoc committee comprised of Bertrand Dumazyxi, Helen Lee Bouygues and Christophe Gégoutxii to monitor and facilitate the work of the independent expert, and to prepare a reasoned opinion on the merits of the tender offer and its consequences for Neoen, its shareholders and its employees. The transaction would be subject to customary regulatory approvals including antitrust and foreign investments clearances. The Board of Directors of Neoen, in a meeting on May 29, 2024, unanimously welcomed the proposed transaction It is expected that the regulatory approvals would be obtained by Q4 2024. The transaction is subject to the closing of the Block Acquisition, it is expected that Brookfield would file an all-cash mandatory tender offer for all of the remaining shares and outstanding convertible bonds (OCEANEs) in Neoen, with the “intention of implementing a squeeze out”, which is expected that the regulatory approvals be obtained by Q4 2024 and that the tender offer be launched in Q1 2025. As of October 31, 2024, it is informed that The ACCC will not oppose the acquisition. As of December 27, 2024, Brookfield has completed the acquisition of approximately 53.12% of the outstanding shares of Neoen. As of January 24, 2025, Brookfield Renewable Holdings SAS increases the price offered for the 2022 OCEANEs as part of the simplified tender offer for the Neoen shares and OCEANEs. As of January 24, 2025, the mandatory simplified tender offer is still pending approval by the French Financial Markets Authority (AMF). BNP Paribas and Olivier Akian, Patrick Perreault, Louis-Aynard de Clermont Tonnerre, Julien Benhamou of Société Générale acted as financial advisors, Benjamin de Blegiers and Gilles Lebreton, Alexandre Merle, Catherine Naroz, Elsa Lalanne, David Tayar, Laura Chen, Daniel Zerbib, Chloé Desreumaux, Fabien Jacquemard, Maroussia Cuny, Gauthier Martin, Clémence Graffan, Florence Aubonnet, Anne Lemercier, Alexandre Lagarrigue, Olivier Plessis, Hugues Martin-Sisteron, Alexandre Couturier, Véronique De Hemmer Gudme, Alice Dunoyer de Segonzac, Nadia Kalic and Chad Bochan of Clifford Chance acted as legal advisor to Temasek Holdings (Private) Limited, Brookfield Renewable Corporation, and Brookfield Corporation. Bank of America is acting as exclusive financial advisor and Olivier Assant, Clémence Fallet, Arthur Helfer, Sébastien de Monès, Laetitia Tombarello, Olivier Saba of Bredin Prat is acting as legal advisor to Neoen. Marcus Billam, Olivier Diaz and Alexandre Durand of Gide Loyrette Nouel is acting as legal advisor to the ad hoc committee. Citi and Bredin Prat are acting respectively as financial and legal advisors to Impala. Perchet Rontchevsky is acting as legal advisor to FSP. Impala was also advised by MinterEllison on the Australian aspects. Brookfield Global Transition Fund 2, managed by Brookfield Corporation (TSX:BN), Brookfield Renewable Corporation (TSX:BEPC), and Temasek Holdings (Private) Limited completed the acquisition of 53.32% stake in Neoen S.A. (ENXTPA:NEOEN) from Fonds Strategique De Participations, managed by ISALT, SAS, Mosca Animation Participations Et Conseil, Celeste Management SAS and Impala SAS on March 19, 2025.
Recent Insider Transactions • Jan 03Chief Operating Officer recently sold €1.6m worth of stockOn the 30th of December, Romain Desrousseaux sold around 40k shares on-market at roughly €39.78 per share. This transaction amounted to 8.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €3.6m. Romain has been a net seller over the last 12 months, reducing personal holdings by €8.9m.
Major Estimate Revision • Nov 28Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €670.4m to €643.5m. EPS estimate also fell from €0.60 per share to €0.53 per share. Net income forecast to grow 18% next year vs 18% growth forecast for Renewable Energy industry in France. Consensus price target of €36.85 unchanged from last update. Share price was steady at €39.50 over the past week.
Reported Earnings • Jul 29First half 2024 earnings released: EPS: €0.21 (vs €0.69 in 1H 2023)First half 2024 results: EPS: €0.21 (down from €0.69 in 1H 2023). Revenue: €255.7m (down 7.7% from 1H 2023). Net income: €32.7m (down 65% from 1H 2023). Profit margin: 13% (down from 33% in 1H 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Renewable Energy industry in France. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 24Neoen S.A.(ENXTPA:NEOEN) dropped from FTSE All-World Index (USD)Neoen S.A.(ENXTPA:NEOEN) dropped from FTSE All-World Index (USD)
お知らせ • Mar 20+ 1 more updateBrookfield Global Transition Fund 2, managed by Brookfield Corporation (TSX:BN), Brookfield Renewable Corporation (TSX:BEPC), and Temasek Holdings (Private) Limited completed the acquisition of 53.32% stake in Neoen S.A. (ENXTPA:NEOEN) from Fonds Strategique De Participations, managed by ISALT, SAS, Mosca Animation Participations Et Conseil, Celeste Management SAS and Impala SAS.Brookfield Global Transition Fund 2, managed by Brookfield Corporation (TSX:BN), Brookfield Renewable Corporation (TSX:BEPC), and Temasek Holdings (Private) Limited proposed to acquire 53.32% stake in Neoen S.A. (ENXTPA:NEOEN) from Fonds Strategique De Participations, managed by ISALT, SAS, Mosca Animation Participations Et Conseil, Celeste Management SAS and Impala SAS for €3.2 billion on May 29, 2024. Brookfield Global Transition Fund 2, managed by Brookfield Corporation (TSX:BN), Brookfield Renewable Corporation (TSX:BEPC), and Temasek Holdings (Private) Limited signed a share purchase agreement to acquire 53.32% stake in Neoen S.A. (ENXTPA:NEOEN) from Fonds Strategique De Participations, managed by ISALT, SAS, Mosca Animation Participations Et Conseil, Celeste Management SAS and Impala SAS for €3.2 billion on June 24, 2024. Brookfield's offer implies an equity value for 100% of the shares of €6.1 billion, and our Board of Directors unanimously welcomed Brookfield's proposal. The offer price per share is €39.85. Following the block acquisition, Brookfield would file a mandatory cash tender offer for the remaining shares, at same offer price. The closing of the deal will see Brookfield take a 53.12% majority stake in Neoen at €39.85 ($42.6) per share from investors Impala and Fonds Stratgique de Participations, an investment vehicle owned by seven French insurance companies, amongst others. The Board has established an ad hoc committee comprised of Bertrand Dumazyxi, Helen Lee Bouygues and Christophe Gégoutxii to monitor and facilitate the work of the independent expert, and to prepare a reasoned opinion on the merits of the tender offer and its consequences for Neoen, its shareholders and its employees. The transaction would be subject to customary regulatory approvals including antitrust and foreign investments clearances. The Board of Directors of Neoen, in a meeting on May 29, 2024, unanimously welcomed the proposed transaction It is expected that the regulatory approvals would be obtained by Q4 2024. The transaction is subject to the closing of the Block Acquisition, it is expected that Brookfield would file an all-cash mandatory tender offer for all of the remaining shares and outstanding convertible bonds (OCEANEs) in Neoen, with the “intention of implementing a squeeze out”, which is expected that the regulatory approvals be obtained by Q4 2024 and that the tender offer be launched in Q1 2025. As of October 31, 2024, it is informed that The ACCC will not oppose the acquisition. As of December 27, 2024, Brookfield has completed the acquisition of approximately 53.12% of the outstanding shares of Neoen. As of January 24, 2025, Brookfield Renewable Holdings SAS increases the price offered for the 2022 OCEANEs as part of the simplified tender offer for the Neoen shares and OCEANEs. As of January 24, 2025, the mandatory simplified tender offer is still pending approval by the French Financial Markets Authority (AMF). BNP Paribas and Olivier Akian, Patrick Perreault, Louis-Aynard de Clermont Tonnerre, Julien Benhamou of Société Générale acted as financial advisors, Benjamin de Blegiers and Gilles Lebreton, Alexandre Merle, Catherine Naroz, Elsa Lalanne, David Tayar, Laura Chen, Daniel Zerbib, Chloé Desreumaux, Fabien Jacquemard, Maroussia Cuny, Gauthier Martin, Clémence Graffan, Florence Aubonnet, Anne Lemercier, Alexandre Lagarrigue, Olivier Plessis, Hugues Martin-Sisteron, Alexandre Couturier, Véronique De Hemmer Gudme, Alice Dunoyer de Segonzac, Nadia Kalic and Chad Bochan of Clifford Chance acted as legal advisor to Temasek Holdings (Private) Limited, Brookfield Renewable Corporation, and Brookfield Corporation. Bank of America is acting as exclusive financial advisor and Olivier Assant, Clémence Fallet, Arthur Helfer, Sébastien de Monès, Laetitia Tombarello, Olivier Saba of Bredin Prat is acting as legal advisor to Neoen. Marcus Billam, Olivier Diaz and Alexandre Durand of Gide Loyrette Nouel is acting as legal advisor to the ad hoc committee. Citi and Bredin Prat are acting respectively as financial and legal advisors to Impala. Perchet Rontchevsky is acting as legal advisor to FSP. Impala was also advised by MinterEllison on the Australian aspects. Brookfield Global Transition Fund 2, managed by Brookfield Corporation (TSX:BN), Brookfield Renewable Corporation (TSX:BEPC), and Temasek Holdings (Private) Limited completed the acquisition of 53.32% stake in Neoen S.A. (ENXTPA:NEOEN) from Fonds Strategique De Participations, managed by ISALT, SAS, Mosca Animation Participations Et Conseil, Celeste Management SAS and Impala SAS on March 19, 2025.
Recent Insider Transactions • Jan 03Chief Operating Officer recently sold €1.6m worth of stockOn the 30th of December, Romain Desrousseaux sold around 40k shares on-market at roughly €39.78 per share. This transaction amounted to 8.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €3.6m. Romain has been a net seller over the last 12 months, reducing personal holdings by €8.9m.
Major Estimate Revision • Nov 28Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €670.4m to €643.5m. EPS estimate also fell from €0.60 per share to €0.53 per share. Net income forecast to grow 18% next year vs 18% growth forecast for Renewable Energy industry in France. Consensus price target of €36.85 unchanged from last update. Share price was steady at €39.50 over the past week.
Reported Earnings • Jul 29First half 2024 earnings released: EPS: €0.21 (vs €0.69 in 1H 2023)First half 2024 results: EPS: €0.21 (down from €0.69 in 1H 2023). Revenue: €255.7m (down 7.7% from 1H 2023). Net income: €32.7m (down 65% from 1H 2023). Profit margin: 13% (down from 33% in 1H 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Renewable Energy industry in France. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
New Risk • Jun 14New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • May 31Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €37.86, the stock trades at a forward P/E ratio of 69x. Average forward P/E is 24x in the Renewable Energy industry in France. Total returns to shareholders of 29% over the past three years.
お知らせ • May 31Brookfield Leads Group Reportedly Seeks Takeover of NeoenA group led by Canadian investor Brookfield Corporation (TSX:BN) is seeking a takeover of Neoen S.A. (ENXTPA:NEOEN), with the proposed transaction valuing the French renewables company at about EUR 6.1 billion (USD 6.62 billion) in total equity terms. Brookfield, along with its renewables arm Brookfield Renewable Partners L.P. (TSX:BEP.UN) and Singaporean state-owned conglomerate Temasek Holdings (Private) Limited, have started exclusive talks to acquire a stake of 53.32% in Neoen. Discussions are underway with shareholders including Impala, the Fonds Strategique de Participations (FSP), Cartusia and Xavier Barbaro, and other investors. The contemplated transaction values Neoen at EUR 39.85 per share, which represents a premium of 43.5% over the company’s six-month volume-weighted average price. Following the block acquisition, Brookfield Renewable Holdings would file a mandatory cash tender offer for the remaining shares. Neoen’s board of directors has unanimously welcomed Brookfield’s proposal.
Price Target Changed • May 31Price target increased by 8.9% to €33.66Up from €30.92, the current price target is an average from 12 analysts. New target price is 7.2% above last closing price of €31.40. Stock is up 9.9% over the past year. The company is forecast to post earnings per share of €0.55 for next year compared to €1.13 last year.
Upcoming Dividend • May 13Upcoming dividend of €0.15 per shareEligible shareholders must have bought the stock before 20 May 2024. Payment date: 11 June 2024. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of French dividend payers (5.1%). Lower than average of industry peers (3.2%).
お知らせ • Mar 30Neoen Reportedly Considers Selling 30% Stake in its Australian Unit to Raise More Than €1 BillionNeoen S.A. (ENXTPA:NEOEN) is considering selling a 30% stake in its Australian unit to raise more than €1 billion ($1.1 billion) to fund its growth in the country, according to people familiar with the matter. The sale would be part of Neoen’s plan to expand in Australia and elsewhere beyond 2025 without having to resort to a new share sale by the Paris-based parent company, said the people, who asked not to be named because the information is private. Neoen is working with a financial adviser on the potential sale, which might take place in the second half of the year, though no final decision has been made, one of the people said. A representative for Neoen declined to comment on the potential transaction.
Declared Dividend • Mar 07Dividend increased to €0.15Dividend of €0.15 is 20% higher than last year. Ex-date: 20th May 2024 Payment date: 14th June 2024 Dividend yield will be 0.6%, which is lower than the industry average of 3.2%.
Reported Earnings • Mar 04Full year 2023 earnings releasedFull year 2023 results: Revenue: €524.4m (up 4.2% from FY 2022). Net income: €150.2m (up 232% from FY 2022). Profit margin: 29% (up from 9.0% in FY 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Renewable Energy industry in Europe.
Major Estimate Revision • Mar 02Consensus EPS estimates increase by 10%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from €674.7m to €667.4m. EPS estimate rose from €0.549 to €0.604. Net income forecast to shrink 45% next year vs 5.1% growth forecast for Renewable Energy industry in France . Consensus price target broadly unchanged at €31.22. Share price rose 4.0% to €23.78 over the past week.
お知らせ • Jan 26Neoen S.A., Annual General Meeting, May 14, 2024Neoen S.A., Annual General Meeting, May 14, 2024.
お知らせ • Nov 03+ 1 more updateNeoen S.A. to Report First Half, 2024 Results on Jul 25, 2024Neoen S.A. announced that they will report first half, 2024 results on Jul 25, 2024
Reported Earnings • Aug 02First half 2023 earnings released: EPS: €0.65 (vs €0.20 loss in 1H 2022)First half 2023 results: EPS: €0.65 (up from €0.20 loss in 1H 2022). Revenue: €277.0m (up 24% from 1H 2022). Net income: €92.2m (up €113.2m from 1H 2022). Profit margin: 33% (up from net loss in 1H 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Renewable Energy industry in France. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Jul 05Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €588.5m to €581.1m. EPS estimate also fell from €0.598 per share to €0.534 per share. Net income forecast to grow 86% next year vs 15% growth forecast for Renewable Energy industry in France. Consensus price target of €33.95 unchanged from last update. Share price fell 5.9% to €27.82 over the past week.
Major Estimate Revision • Jun 29Consensus EPS estimates fall by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €588.5m to €581.1m. EPS estimate also fell from €0.597 per share to €0.534 per share. Net income forecast to grow 86% next year vs 15% growth forecast for Renewable Energy industry in France. Consensus price target down from €35.38 to €33.95. Share price fell 3.4% to €28.54 over the past week.
Upcoming Dividend • May 10Upcoming dividend of €0.13 per share at 0.5% yieldEligible shareholders must have bought the stock before 17 May 2023. Payment date: 08 June 2023. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of French dividend payers (5.3%). Lower than average of industry peers (2.5%).
Major Estimate Revision • Mar 30Consensus EPS estimates fall by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €593.8m to €581.3m. EPS estimate also fell from €0.736 per share to €0.661 per share. Net income forecast to grow 103% next year vs 14% growth forecast for Renewable Energy industry in France. Consensus price target down from €39.21 to €37.71. Share price rose 2.2% to €28.66 over the past week.
Reported Earnings • Mar 03Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: €0.41. Revenue: €503.2m (up 51% from FY 2021). Net income: €45.2m (up 10% from FY 2021). Profit margin: 9.0% (down from 12% in FY 2021). Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Renewable Energy industry in France.
Major Estimate Revision • Mar 02Consensus EPS estimates fall by 18%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.84 to €0.685. Revenue forecast unchanged from €598.9m at last update. Net income forecast to grow 398% next year vs 20% growth forecast for Renewable Energy industry in France. Consensus price target of €39.77 unchanged from last update. Share price fell 14% to €29.34 over the past week.
Board Change • Nov 16Less than half of directors are independentThere 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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Christophe Gegout was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Nov 04+ 3 more updatesNeoen S.A. to Report Nine Months, 2023 Results on Nov 02, 2023Neoen S.A. announced that they will report nine months, 2023 results on Nov 02, 2023
お知らせ • Oct 07Neoen S.A.(ENXTPA:NEOEN) dropped from Ardour Solar Energy IndexNeoen S.A. has been removed from Ardour Solar Energy Index .
Price Target Changed • Sep 09Price target increased to €38.53Up from €35.57, the current price target is an average from 11 analysts. New target price is 5.9% below last closing price of €40.97. Stock is up 18% over the past year. The company is forecast to post earnings per share of €0.50 for next year compared to €0.43 last year.
Board Change • Apr 27Less than half of directors are independentThere 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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Christophe Gégout was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Mar 15Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: €0.39 (up from €0.046 in FY 2020). Revenue: €333.6m (up 12% from FY 2020). Net income: €40.2m (up €36.3m from FY 2020). Profit margin: 12% (up from 1.3% in FY 2020). Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 9.1%. Over the next year, revenue is forecast to grow 30%, compared to a 2,883% growth forecast for the industry in France. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.
お知らせ • Dec 03An unknown buyer entered into an agreement to acquire 21.7 MWp Lugos and Miremont solar power plants France from Neoen S.A. (ENXTPA:NEOEN) for €29 million.An unknown buyer entered into an agreement to acquire 21.7 MWp Lugos and Miremont solar power plants France from Neoen S.A. (ENXTPA:NEOEN) for €29 million on December 1, 2021. The transaction remains subject to the customary conditions precedent and is expected to close by the end of 2021.
お知らせ • Sep 25Amarenco France agreed to acquire 11-MWp Grabels and Lagarde solar power plants in France from NEOEN S.A. (ENXTPA:NEOEN) for €31 million.Amarenco France agreed to acquire 11-MWp Grabels and Lagarde solar power plants in France from NEOEN S.A. (ENXTPA:NEOEN) for €31 million on September 23, 2021. The transaction remains subject to the customary conditions precedent and is expected to close in the fourth quarter of 2021.
Reported Earnings • Aug 03First half 2021 earnings released: EPS €0.04 (vs €0.23 in 1H 2020)The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: €164.9m (up 4.9% from 1H 2020). Net income: €4.50m (down 80% from 1H 2020). Profit margin: 2.7% (down from 14% in 1H 2020).
Reported Earnings • Mar 16Full year 2020 earnings releasedThe company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €298.8m (up 18% from FY 2019). Net income: €3.90m (down 80% from FY 2019). Profit margin: 1.3% (down from 7.6% in FY 2019).
Is New 90 Day High Low • Mar 03New 90-day low: €46.15The company is down 5.0% from its price of €48.55 on 03 December 2020. The French market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy 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 €4.31 per share.
Is New 90 Day High Low • Dec 16New 90-day high: €51.00The company is up 16% from its price of €44.15 on 16 September 2020. The French market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.92 per share.
Is New 90 Day High Low • Nov 05New 90-day high: €50.20The company is up 30% from its price of €38.65 on 07 August 2020. The French market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.51 per share.
