View ValuationEuro-Cycles 将来の成長Future 基準チェック /16Euro-Cycles利益と収益がそれぞれ年間12.3%と4.7%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に15.2% 12.3%なると予測されています。主要情報12.3%収益成長率12.34%EPS成長率Leisure 収益成長23.5%収益成長率4.7%将来の株主資本利益率15.20%アナリストカバレッジLow最終更新日25 Jun 2026今後の成長に関する最新情報Major Estimate Revision • May 26Consensus revenue estimates fall by 22%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from د.ت124.0m to د.ت97.1m. EPS estimate fell from د.ت1.42 to د.ت0.78 per share. Net income forecast to shrink 22% next year vs 36% growth forecast for Leisure industry in Tunisia . Consensus price target down from د.ت15.50 to د.ت13.30. Share price rose 3.5% to د.ت11.70 over the past week.Price Target Changed • May 20Price target decreased by 7.7% to د.ت15.50Down from د.ت16.80, the current price target is provided by 1 analyst. New target price is 37% above last closing price of د.ت11.29. Stock is down 15% over the past year. The company is forecast to post earnings per share of د.ت1.23 for next year compared to د.ت1.12 last year.Price Target Changed • Oct 22Price target increased by 7.0% to د.ت16.80Up from د.ت15.70, the current price target is provided by 1 analyst. New target price is 35% above last closing price of د.ت12.41. Stock is down 1.7% over the past year. The company is forecast to post earnings per share of د.ت1.36 for next year compared to د.ت1.12 last year.Major Estimate Revision • Sep 10Consensus EPS estimates increase by 19%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from د.ت0.70 to د.ت0.83. Revenue forecast steady at د.ت120.0m. Net income forecast to grow 31% next year vs 21% growth forecast for Leisure industry in Tunisia. Consensus price target up from د.ت15.90 to د.ت16.60. Share price was steady at د.ت13.39 over the past week.Major Estimate Revision • May 28Consensus EPS estimates fall by 40%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from د.ت131.0m to د.ت119.0m. EPS estimate also fell from د.ت1.16 per share to د.ت0.70 per share. Net income forecast to grow 39% next year vs 20% growth forecast for Leisure industry in Tunisia. Consensus price target down from د.ت19.10 to د.ت15.90. Share price rose 2.1% to د.ت11.43 over the past week.Price Target Changed • May 17Price target increased by 7.9% to د.ت19.10Up from د.ت17.70, the current price target is provided by 1 analyst. New target price is 70% above last closing price of د.ت11.23. Stock is down 33% over the past year. The company is forecast to post earnings per share of د.ت0.65 for next year compared to د.ت1.70 last year.すべての更新を表示Recent updatesDeclared Dividend • Jul 10Dividend increased to د.ت0.70Dividend of د.ت0.70 is 17% higher than last year. Ex-date: 25th August 2026 Payment date: 27th August 2026 Dividend yield will be 5.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Major Estimate Revision • May 26Consensus revenue estimates fall by 22%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from د.ت124.0m to د.ت97.1m. EPS estimate fell from د.ت1.42 to د.ت0.78 per share. Net income forecast to shrink 22% next year vs 36% growth forecast for Leisure industry in Tunisia . Consensus price target down from د.ت15.50 to د.ت13.30. Share price rose 3.5% to د.ت11.70 over the past week.New Risk • May 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.9% 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 5.9% per year for the foreseeable future. Minor Risks High level of debt (69% net debt to equity). Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (د.ت113.9m market cap, or US$39.5m).Price Target Changed • May 20Price target decreased by 7.7% to د.ت15.50Down from د.ت16.80, the current price target is provided by 1 analyst. New target price is 37% above last closing price of د.ت11.29. Stock is down 15% over the past year. The company is forecast to post earnings per share of د.ت1.23 for next year compared to د.ت1.12 last year.お知らせ • Mar 18Euro-Cycles S.A, Annual General Meeting, Jun 18, 2026Euro-Cycles S.A, Annual General Meeting, Jun 18, 2026, at 10:00 W. Central Africa Standard Time. Location: la zone industrielle kalaa kebira, sousse TunisiaPrice Target Changed • Oct 22Price target increased by 7.0% to د.ت16.80Up from د.ت15.70, the current price target is provided by 1 analyst. New target price is 35% above last closing price of د.ت12.41. Stock is down 1.7% over the past year. The company is forecast to post earnings per share of د.ت1.36 for next year compared to د.ت1.12 last year.New Risk • Sep 23New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.6% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (69% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (د.ت128.4m market cap, or US$44.4m).New Risk • Sep 21New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 69% 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 (69% net debt to equity). Market cap is less than US$100m (د.ت128.1m market cap, or US$44.2m).Upcoming Dividend • Aug 08Upcoming dividend of د.ت0.60 per shareEligible shareholders must have bought the stock before 15 August 2025. Payment date: 19 August 2025. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Tunisian dividend payers (6.7%). In line with average of industry peers (2.3%).お知らせ • Mar 24Euro-Cycles S.A, Annual General Meeting, Jun 18, 2025Euro-Cycles S.A, Annual General Meeting, Jun 18, 2025, at 10:00 W. Central Africa Standard Time. Location: zone industrielle kalaa kebira, sousse TunisiaMajor Estimate Revision • Sep 10Consensus EPS estimates increase by 19%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from د.ت0.70 to د.ت0.83. Revenue forecast steady at د.ت120.0m. Net income forecast to grow 31% next year vs 21% growth forecast for Leisure industry in Tunisia. Consensus price target up from د.ت15.90 to د.ت16.60. Share price was steady at د.ت13.39 over the past week.New Risk • Sep 09New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risk Market cap is less than US$100m (د.ت131.2m market cap, or US$43.1m).Reported Earnings • Sep 09First half 2024 earnings released: EPS: د.ت0.46 (vs د.ت0.18 in 1H 2023)First half 2024 results: EPS: د.ت0.46 (up from د.ت0.18 in 1H 2023). Revenue: د.ت54.3m (up 10% from 1H 2023). Net income: د.ت4.48m (up 150% from 1H 2023). Profit margin: 8.3% (up from 3.6% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Global Leisure industry. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Aug 29Upcoming dividend of د.ت0.30 per shareEligible shareholders must have bought the stock before 05 September 2024. Payment date: 09 September 2024. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Tunisian dividend payers (7.8%). In line with average of industry peers (2.4%).New Risk • Jun 06New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.5x 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 (1.5x net interest cover). Minor Risks Dividend is not well covered by earnings (142% payout ratio). Profit margins are more than 30% lower than last year (4.5% net profit margin). Market cap is less than US$100m (د.ت114.2m market cap, or US$36.9m).Major Estimate Revision • May 28Consensus EPS estimates fall by 40%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from د.ت131.0m to د.ت119.0m. EPS estimate also fell from د.ت1.16 per share to د.ت0.70 per share. Net income forecast to grow 39% next year vs 20% growth forecast for Leisure industry in Tunisia. Consensus price target down from د.ت19.10 to د.ت15.90. Share price rose 2.1% to د.ت11.43 over the past week.Reported Earnings • May 19Full year 2023 earnings releasedFull year 2023 results: Revenue: د.ت113.2m (down 30% from FY 2022). Net income: د.ت4.96m (down 70% from FY 2022). Profit margin: 4.4% (down from 10% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Global Leisure industry.Price Target Changed • May 17Price target increased by 7.9% to د.ت19.10Up from د.ت17.70, the current price target is provided by 1 analyst. New target price is 70% above last closing price of د.ت11.23. Stock is down 33% over the past year. The company is forecast to post earnings per share of د.ت0.65 for next year compared to د.ت1.70 last year.New Risk • Mar 18New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 110% Paying a dividend despite having no free cash flows. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (4.5% average weekly change). Profit margins are more than 30% lower than last year (7.2% net profit margin). Market cap is less than US$100m (د.ت111.7m market cap, or US$36.1m).Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improves as stock rises 15%After last week's 15% share price gain to د.ت15.39, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Leisure industry globally. Total loss to shareholders of 21% over the past three years.Valuation Update With 7 Day Price Move • Oct 26Investor sentiment improves as stock rises 20%After last week's 20% share price gain to د.ت13.85, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Leisure industry globally. Total loss to shareholders of 25% over the past three years.New Risk • Oct 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Tunisian stocks, typically moving 3.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 110% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (3.9% average weekly change). Profit margins are more than 30% lower than last year (7.2% net profit margin). Market cap is less than US$100m (د.ت116.3m market cap, or US$36.9m).New Risk • Sep 19New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.9x 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 Risks Interest payments are not well covered by earnings (2.9x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 110% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (7.2% net profit margin). Market cap is less than US$100m (د.ت134.3m market cap, or US$42.8m).Price Target Changed • Sep 05Price target decreased by 21% to د.ت18.30Down from د.ت23.20, the current price target is provided by 1 analyst. New target price is 38% above last closing price of د.ت13.30. Stock is down 59% over the past year. The company is forecast to post earnings per share of د.ت0.56 for next year compared to د.ت1.70 last year.Upcoming Dividend • Jul 13Upcoming dividend of د.ت1.00 per share at 5.8% yieldEligible shareholders must have bought the stock before 20 July 2023. Payment date: 26 July 2023. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 5.8%. Lower than top quartile of Tunisian dividend payers (8.3%). Higher than average of industry peers (2.0%).Valuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.ت19.24, the stock trades at a trailing P/E ratio of 11.3x. Average forward P/E is 15x in the Leisure industry globally. Total returns to shareholders of 27% over the past three years.Reported Earnings • May 21Full year 2022 earnings releasedFull year 2022 results: Revenue: د.ت162.7m (up 11% from FY 2021). Net income: د.ت16.6m (down 38% from FY 2021). Profit margin: 10% (down from 18% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 19% p.a. on average during the next 2 years, while revenues in the Global Leisure industry are expected to grow by 7.0%.Price Target Changed • Apr 30Price target decreased by 25% to د.ت23.20Down from د.ت31.00, the current price target is provided by 1 analyst. New target price is 37% above last closing price of د.ت16.99. Stock is down 42% over the past year. The company is forecast to post earnings per share of د.ت2.00 for next year compared to د.ت2.72 last year.Valuation Update With 7 Day Price Move • Mar 23Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to د.ت21.49, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Leisure industry globally. Total returns to shareholders of 86% over the past three years.Price Target Changed • Mar 22Price target decreased by 14% to د.ت32.10Down from د.ت37.30, the current price target is provided by 1 analyst. New target price is 43% above last closing price of د.ت22.45. Stock is down 20% over the past year. The company is forecast to post earnings per share of د.ت2.49 for next year compared to د.ت2.72 last year.Price Target Changed • Nov 16Price target decreased to د.ت37.30Down from د.ت40.20, the current price target is provided by 1 analyst. New target price is 41% above last closing price of د.ت26.49. Stock is down 14% over the past year. The company is forecast to post earnings per share of د.ت2.44 for next year compared to د.ت2.72 last year.Reported Earnings • Sep 03First half 2022 earnings released: EPS: د.ت0 (vs د.ت1.33 in 1H 2021)First half 2022 results: EPS: د.ت0 (down from د.ت1.33 in 1H 2021). Revenue: د.ت87.0m (up 24% from 1H 2021). Net income: د.ت9.53m (down 27% from 1H 2021). Profit margin: 11% (down from 19% in 1H 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 2.6% compared to a 12% growth forecast for the Leisure industry in Tunisia.Price Target Changed • Aug 09Price target increased to د.ت40.20Up from د.ت36.27, the current price target is provided by 1 analyst. New target price is 24% above last closing price of د.ت32.40. Stock is up 18% over the past year. The company is forecast to post earnings per share of د.ت2.44 for next year compared to د.ت2.72 last year.Upcoming Dividend • Jul 14Upcoming dividend of د.ت1.67 per shareEligible shareholders must have bought the stock before 21 July 2022. Payment date: 27 July 2022. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 4.8%. Lower than top quartile of Tunisian dividend payers (6.6%). Higher than average of industry peers (2.1%).Price Target Changed • Jun 16Price target decreased to د.ت36.60Down from د.ت40.10, the current price target is provided by 1 analyst. New target price is 8.9% above last closing price of د.ت33.60. Stock is up 13% over the past year. The company is forecast to post earnings per share of د.ت2.44 for next year compared to د.ت2.99 last year.Reported Earnings • Apr 13Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: د.ت149.1m (up 24% from FY 2020). Net income: د.ت26.6m (up 60% from FY 2020). Profit margin: 18% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 4.6%, compared to a 12% growth forecast for the industry in Tunisia.Upcoming Dividend • May 10Inaugural dividend of د.ت1.52 per shareEligible shareholders must have bought the stock before 17 May 2021. Payment date: 20 May 2021. This is the first dividend for Euro-Cycles since going public. The average dividend yield among industry peers is 1.7%.Upcoming Dividend • May 05Inaugural dividend of د.ت1.52 per shareEligible shareholders must have bought the stock before 12 May 2021. Payment date: 18 May 2021. This is the first dividend for Euro-Cycles since going public. The average dividend yield among industry peers is 1.7%.Price Target Changed • May 01Price target increased to د.ت39.50Up from د.ت30.40, the current price target is provided by 1 analyst. New target price is 33% above last closing price of د.ت29.60. Stock is up 133% over the past year.Major Estimate Revision • May 01Consensus revenue estimates increase to د.ت138.0mThe consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from د.ت113.0m to د.ت138.0m. EPS estimate increased from د.ت1.82 to د.ت2.05 per share. Net income forecast to shrink 1.9% next year vs 28% growth forecast for Leisure industry in Tunisia . Consensus price target up from د.ت23.40 to د.ت30.40. Share price was steady at د.ت29.60 over the past week.Reported Earnings • Apr 04Full year 2020 earnings releasedThe company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: د.ت119.8m (up 37% from FY 2019). Net income: د.ت16.6m (up 90% from FY 2019). Profit margin: 14% (up from 10.0% in FY 2019). The increase in margin was driven by higher revenue.Is New 90 Day High Low • Mar 02New 90-day high: د.ت28.30The company is up 10.0% from its price of د.ت25.73 on 02 December 2020. The Tunisian market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 6.0% over the same period.Is New 90 Day High Low • Feb 10New 90-day high: د.ت26.86The company is up 12% from its price of د.ت23.97 on 12 November 2020. The Tunisian market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Leisure industry, which is up 16% over the same period.Is New 90 Day High Low • Jan 21New 90-day high: د.ت26.80The company is up 12% from its price of د.ت23.95 on 23 October 2020. The Tunisian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Leisure industry, which is up 17% over the same period.Is New 90 Day High Low • Dec 24New 90-day high: د.ت26.00The company is up 6.0% from its price of د.ت24.50 on 25 September 2020. The Tunisian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Leisure industry, which is up 25% over the same period.Is New 90 Day High Low • Nov 19New 90-day high: د.ت25.70The company is up 13% from its price of د.ت22.65 on 21 August 2020. The Tunisian market is down 2.0% 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.Price Target Changed • Oct 15Price target raised to د.ت30.90Up from د.ت24.70, the current price target is provided by 1 analyst. The new target price is 29% above the current share price of د.ت24.00. As of last close, the stock is up 48% over the past year.業績と収益の成長予測BVMT:ECYCL - アナリストの将来予測と過去の財務データ ( )TND Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202811311N/AN/A112/31/202710510710112/31/20269781519112/31/20259982929N/A9/30/2025110102930N/A6/30/2025121133030N/A3/31/2025121123031N/A12/31/2024120113032N/A9/30/202411794042N/A6/30/202411484952N/A3/31/202411264952N/A12/31/202310954953N/A9/30/202311671923N/A6/30/20231249-12-7N/A3/31/202314313-34-30N/A12/31/202216117-56-52N/A9/30/202216320-48-44N/A6/30/202216423-41-36N/A3/31/202215625-26-21N/A12/31/202114727-12-5N/A9/30/202114624-10-5N/A6/30/202114522-8-4N/A3/31/202113219-11-8N/A12/31/202012017-14-12N/A9/30/20201061366N/A6/30/202092102625N/A3/31/20209092019N/A12/31/20198891314N/A9/30/2019809N/A8N/A6/30/2019729N/A1N/A3/31/2019709N/A7N/A12/31/2018688N/A13N/A9/30/20187110N/A10N/A6/30/20187313N/A6N/A3/31/20187914N/A7N/A12/31/20178416N/A8N/A9/30/20178516N/A15N/A6/30/20178617N/A22N/A3/31/20178316N/A20N/A12/31/20168015N/A19N/A9/30/20167815N/A12N/A6/30/20167614N/A6N/A3/31/20167614N/A7N/A12/31/20157513N/A9N/A9/30/20157213N/A11N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: ECYCLの予測収益成長率 (年間12.3% ) は 貯蓄率 ( 15.1% ) を下回っています。収益対市場: ECYCLの収益 ( 12.3% ) はTN市場 ( 7.8% ) よりも速いペースで成長すると予測されています。高成長収益: ECYCLの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: ECYCLの収益 ( 4.7% ) TN市場 ( 8.3% ) よりも低い成長が予測されています。高い収益成長: ECYCLの収益 ( 4.7% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: ECYCLの 自己資本利益率 は、3年後には低くなると予測されています ( 15.2 %)。成長企業の発掘7D1Y7D1Y7D1YConsumer-durables 業界の高成長企業。View Past Performance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2026/07/13 19:20終値2026/07/13 00:00収益2025/12/31年間収益2025/12/31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この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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。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Euro-Cycles S.A 1 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。2 アナリスト機関Kais KriaaAlphaMenaHicham SaadaniBmce Capital Bourse
Major Estimate Revision • May 26Consensus revenue estimates fall by 22%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from د.ت124.0m to د.ت97.1m. EPS estimate fell from د.ت1.42 to د.ت0.78 per share. Net income forecast to shrink 22% next year vs 36% growth forecast for Leisure industry in Tunisia . Consensus price target down from د.ت15.50 to د.ت13.30. Share price rose 3.5% to د.ت11.70 over the past week.
Price Target Changed • May 20Price target decreased by 7.7% to د.ت15.50Down from د.ت16.80, the current price target is provided by 1 analyst. New target price is 37% above last closing price of د.ت11.29. Stock is down 15% over the past year. The company is forecast to post earnings per share of د.ت1.23 for next year compared to د.ت1.12 last year.
Price Target Changed • Oct 22Price target increased by 7.0% to د.ت16.80Up from د.ت15.70, the current price target is provided by 1 analyst. New target price is 35% above last closing price of د.ت12.41. Stock is down 1.7% over the past year. The company is forecast to post earnings per share of د.ت1.36 for next year compared to د.ت1.12 last year.
Major Estimate Revision • Sep 10Consensus EPS estimates increase by 19%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from د.ت0.70 to د.ت0.83. Revenue forecast steady at د.ت120.0m. Net income forecast to grow 31% next year vs 21% growth forecast for Leisure industry in Tunisia. Consensus price target up from د.ت15.90 to د.ت16.60. Share price was steady at د.ت13.39 over the past week.
Major Estimate Revision • May 28Consensus EPS estimates fall by 40%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from د.ت131.0m to د.ت119.0m. EPS estimate also fell from د.ت1.16 per share to د.ت0.70 per share. Net income forecast to grow 39% next year vs 20% growth forecast for Leisure industry in Tunisia. Consensus price target down from د.ت19.10 to د.ت15.90. Share price rose 2.1% to د.ت11.43 over the past week.
Price Target Changed • May 17Price target increased by 7.9% to د.ت19.10Up from د.ت17.70, the current price target is provided by 1 analyst. New target price is 70% above last closing price of د.ت11.23. Stock is down 33% over the past year. The company is forecast to post earnings per share of د.ت0.65 for next year compared to د.ت1.70 last year.
Declared Dividend • Jul 10Dividend increased to د.ت0.70Dividend of د.ت0.70 is 17% higher than last year. Ex-date: 25th August 2026 Payment date: 27th August 2026 Dividend yield will be 5.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Major Estimate Revision • May 26Consensus revenue estimates fall by 22%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from د.ت124.0m to د.ت97.1m. EPS estimate fell from د.ت1.42 to د.ت0.78 per share. Net income forecast to shrink 22% next year vs 36% growth forecast for Leisure industry in Tunisia . Consensus price target down from د.ت15.50 to د.ت13.30. Share price rose 3.5% to د.ت11.70 over the past week.
New Risk • May 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.9% 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 5.9% per year for the foreseeable future. Minor Risks High level of debt (69% net debt to equity). Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (د.ت113.9m market cap, or US$39.5m).
Price Target Changed • May 20Price target decreased by 7.7% to د.ت15.50Down from د.ت16.80, the current price target is provided by 1 analyst. New target price is 37% above last closing price of د.ت11.29. Stock is down 15% over the past year. The company is forecast to post earnings per share of د.ت1.23 for next year compared to د.ت1.12 last year.
お知らせ • Mar 18Euro-Cycles S.A, Annual General Meeting, Jun 18, 2026Euro-Cycles S.A, Annual General Meeting, Jun 18, 2026, at 10:00 W. Central Africa Standard Time. Location: la zone industrielle kalaa kebira, sousse Tunisia
Price Target Changed • Oct 22Price target increased by 7.0% to د.ت16.80Up from د.ت15.70, the current price target is provided by 1 analyst. New target price is 35% above last closing price of د.ت12.41. Stock is down 1.7% over the past year. The company is forecast to post earnings per share of د.ت1.36 for next year compared to د.ت1.12 last year.
New Risk • Sep 23New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.6% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (69% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (د.ت128.4m market cap, or US$44.4m).
New Risk • Sep 21New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 69% 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 (69% net debt to equity). Market cap is less than US$100m (د.ت128.1m market cap, or US$44.2m).
Upcoming Dividend • Aug 08Upcoming dividend of د.ت0.60 per shareEligible shareholders must have bought the stock before 15 August 2025. Payment date: 19 August 2025. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Tunisian dividend payers (6.7%). In line with average of industry peers (2.3%).
お知らせ • Mar 24Euro-Cycles S.A, Annual General Meeting, Jun 18, 2025Euro-Cycles S.A, Annual General Meeting, Jun 18, 2025, at 10:00 W. Central Africa Standard Time. Location: zone industrielle kalaa kebira, sousse Tunisia
Major Estimate Revision • Sep 10Consensus EPS estimates increase by 19%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from د.ت0.70 to د.ت0.83. Revenue forecast steady at د.ت120.0m. Net income forecast to grow 31% next year vs 21% growth forecast for Leisure industry in Tunisia. Consensus price target up from د.ت15.90 to د.ت16.60. Share price was steady at د.ت13.39 over the past week.
New Risk • Sep 09New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risk Market cap is less than US$100m (د.ت131.2m market cap, or US$43.1m).
Reported Earnings • Sep 09First half 2024 earnings released: EPS: د.ت0.46 (vs د.ت0.18 in 1H 2023)First half 2024 results: EPS: د.ت0.46 (up from د.ت0.18 in 1H 2023). Revenue: د.ت54.3m (up 10% from 1H 2023). Net income: د.ت4.48m (up 150% from 1H 2023). Profit margin: 8.3% (up from 3.6% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Global Leisure industry. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Aug 29Upcoming dividend of د.ت0.30 per shareEligible shareholders must have bought the stock before 05 September 2024. Payment date: 09 September 2024. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Tunisian dividend payers (7.8%). In line with average of industry peers (2.4%).
New Risk • Jun 06New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.5x 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 (1.5x net interest cover). Minor Risks Dividend is not well covered by earnings (142% payout ratio). Profit margins are more than 30% lower than last year (4.5% net profit margin). Market cap is less than US$100m (د.ت114.2m market cap, or US$36.9m).
Major Estimate Revision • May 28Consensus EPS estimates fall by 40%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from د.ت131.0m to د.ت119.0m. EPS estimate also fell from د.ت1.16 per share to د.ت0.70 per share. Net income forecast to grow 39% next year vs 20% growth forecast for Leisure industry in Tunisia. Consensus price target down from د.ت19.10 to د.ت15.90. Share price rose 2.1% to د.ت11.43 over the past week.
Reported Earnings • May 19Full year 2023 earnings releasedFull year 2023 results: Revenue: د.ت113.2m (down 30% from FY 2022). Net income: د.ت4.96m (down 70% from FY 2022). Profit margin: 4.4% (down from 10% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Global Leisure industry.
Price Target Changed • May 17Price target increased by 7.9% to د.ت19.10Up from د.ت17.70, the current price target is provided by 1 analyst. New target price is 70% above last closing price of د.ت11.23. Stock is down 33% over the past year. The company is forecast to post earnings per share of د.ت0.65 for next year compared to د.ت1.70 last year.
New Risk • Mar 18New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 110% Paying a dividend despite having no free cash flows. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (4.5% average weekly change). Profit margins are more than 30% lower than last year (7.2% net profit margin). Market cap is less than US$100m (د.ت111.7m market cap, or US$36.1m).
Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improves as stock rises 15%After last week's 15% share price gain to د.ت15.39, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Leisure industry globally. Total loss to shareholders of 21% over the past three years.
Valuation Update With 7 Day Price Move • Oct 26Investor sentiment improves as stock rises 20%After last week's 20% share price gain to د.ت13.85, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Leisure industry globally. Total loss to shareholders of 25% over the past three years.
New Risk • Oct 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Tunisian stocks, typically moving 3.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 110% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (3.9% average weekly change). Profit margins are more than 30% lower than last year (7.2% net profit margin). Market cap is less than US$100m (د.ت116.3m market cap, or US$36.9m).
New Risk • Sep 19New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.9x 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 Risks Interest payments are not well covered by earnings (2.9x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 110% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (7.2% net profit margin). Market cap is less than US$100m (د.ت134.3m market cap, or US$42.8m).
Price Target Changed • Sep 05Price target decreased by 21% to د.ت18.30Down from د.ت23.20, the current price target is provided by 1 analyst. New target price is 38% above last closing price of د.ت13.30. Stock is down 59% over the past year. The company is forecast to post earnings per share of د.ت0.56 for next year compared to د.ت1.70 last year.
Upcoming Dividend • Jul 13Upcoming dividend of د.ت1.00 per share at 5.8% yieldEligible shareholders must have bought the stock before 20 July 2023. Payment date: 26 July 2023. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 5.8%. Lower than top quartile of Tunisian dividend payers (8.3%). Higher than average of industry peers (2.0%).
Valuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.ت19.24, the stock trades at a trailing P/E ratio of 11.3x. Average forward P/E is 15x in the Leisure industry globally. Total returns to shareholders of 27% over the past three years.
Reported Earnings • May 21Full year 2022 earnings releasedFull year 2022 results: Revenue: د.ت162.7m (up 11% from FY 2021). Net income: د.ت16.6m (down 38% from FY 2021). Profit margin: 10% (down from 18% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 19% p.a. on average during the next 2 years, while revenues in the Global Leisure industry are expected to grow by 7.0%.
Price Target Changed • Apr 30Price target decreased by 25% to د.ت23.20Down from د.ت31.00, the current price target is provided by 1 analyst. New target price is 37% above last closing price of د.ت16.99. Stock is down 42% over the past year. The company is forecast to post earnings per share of د.ت2.00 for next year compared to د.ت2.72 last year.
Valuation Update With 7 Day Price Move • Mar 23Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to د.ت21.49, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Leisure industry globally. Total returns to shareholders of 86% over the past three years.
Price Target Changed • Mar 22Price target decreased by 14% to د.ت32.10Down from د.ت37.30, the current price target is provided by 1 analyst. New target price is 43% above last closing price of د.ت22.45. Stock is down 20% over the past year. The company is forecast to post earnings per share of د.ت2.49 for next year compared to د.ت2.72 last year.
Price Target Changed • Nov 16Price target decreased to د.ت37.30Down from د.ت40.20, the current price target is provided by 1 analyst. New target price is 41% above last closing price of د.ت26.49. Stock is down 14% over the past year. The company is forecast to post earnings per share of د.ت2.44 for next year compared to د.ت2.72 last year.
Reported Earnings • Sep 03First half 2022 earnings released: EPS: د.ت0 (vs د.ت1.33 in 1H 2021)First half 2022 results: EPS: د.ت0 (down from د.ت1.33 in 1H 2021). Revenue: د.ت87.0m (up 24% from 1H 2021). Net income: د.ت9.53m (down 27% from 1H 2021). Profit margin: 11% (down from 19% in 1H 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 2.6% compared to a 12% growth forecast for the Leisure industry in Tunisia.
Price Target Changed • Aug 09Price target increased to د.ت40.20Up from د.ت36.27, the current price target is provided by 1 analyst. New target price is 24% above last closing price of د.ت32.40. Stock is up 18% over the past year. The company is forecast to post earnings per share of د.ت2.44 for next year compared to د.ت2.72 last year.
Upcoming Dividend • Jul 14Upcoming dividend of د.ت1.67 per shareEligible shareholders must have bought the stock before 21 July 2022. Payment date: 27 July 2022. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 4.8%. Lower than top quartile of Tunisian dividend payers (6.6%). Higher than average of industry peers (2.1%).
Price Target Changed • Jun 16Price target decreased to د.ت36.60Down from د.ت40.10, the current price target is provided by 1 analyst. New target price is 8.9% above last closing price of د.ت33.60. Stock is up 13% over the past year. The company is forecast to post earnings per share of د.ت2.44 for next year compared to د.ت2.99 last year.
Reported Earnings • Apr 13Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: د.ت149.1m (up 24% from FY 2020). Net income: د.ت26.6m (up 60% from FY 2020). Profit margin: 18% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 4.6%, compared to a 12% growth forecast for the industry in Tunisia.
Upcoming Dividend • May 10Inaugural dividend of د.ت1.52 per shareEligible shareholders must have bought the stock before 17 May 2021. Payment date: 20 May 2021. This is the first dividend for Euro-Cycles since going public. The average dividend yield among industry peers is 1.7%.
Upcoming Dividend • May 05Inaugural dividend of د.ت1.52 per shareEligible shareholders must have bought the stock before 12 May 2021. Payment date: 18 May 2021. This is the first dividend for Euro-Cycles since going public. The average dividend yield among industry peers is 1.7%.
Price Target Changed • May 01Price target increased to د.ت39.50Up from د.ت30.40, the current price target is provided by 1 analyst. New target price is 33% above last closing price of د.ت29.60. Stock is up 133% over the past year.
Major Estimate Revision • May 01Consensus revenue estimates increase to د.ت138.0mThe consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from د.ت113.0m to د.ت138.0m. EPS estimate increased from د.ت1.82 to د.ت2.05 per share. Net income forecast to shrink 1.9% next year vs 28% growth forecast for Leisure industry in Tunisia . Consensus price target up from د.ت23.40 to د.ت30.40. Share price was steady at د.ت29.60 over the past week.
Reported Earnings • Apr 04Full year 2020 earnings releasedThe company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: د.ت119.8m (up 37% from FY 2019). Net income: د.ت16.6m (up 90% from FY 2019). Profit margin: 14% (up from 10.0% in FY 2019). The increase in margin was driven by higher revenue.
Is New 90 Day High Low • Mar 02New 90-day high: د.ت28.30The company is up 10.0% from its price of د.ت25.73 on 02 December 2020. The Tunisian market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 6.0% over the same period.
Is New 90 Day High Low • Feb 10New 90-day high: د.ت26.86The company is up 12% from its price of د.ت23.97 on 12 November 2020. The Tunisian market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Leisure industry, which is up 16% over the same period.
Is New 90 Day High Low • Jan 21New 90-day high: د.ت26.80The company is up 12% from its price of د.ت23.95 on 23 October 2020. The Tunisian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Leisure industry, which is up 17% over the same period.
Is New 90 Day High Low • Dec 24New 90-day high: د.ت26.00The company is up 6.0% from its price of د.ت24.50 on 25 September 2020. The Tunisian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Leisure industry, which is up 25% over the same period.
Is New 90 Day High Low • Nov 19New 90-day high: د.ت25.70The company is up 13% from its price of د.ت22.65 on 21 August 2020. The Tunisian market is down 2.0% 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.
Price Target Changed • Oct 15Price target raised to د.ت30.90Up from د.ت24.70, the current price target is provided by 1 analyst. The new target price is 29% above the current share price of د.ت24.00. As of last close, the stock is up 48% over the past year.