View Future GrowthBénéteau 과거 순이익 실적과거 기준 점검 0/6Bénéteau 의 수입은 연평균 -15%의 비율로 감소해 온 반면, Leisure 산업은 연평균 16.3%의 비율로 증가했습니다. 매출은 연평균 5.1%의 비율로 감소해 왔습니다.핵심 정보-14.96%순이익 성장률-14.96%주당순이익(EPS) 성장률Leisure 산업 성장률17.07%매출 성장률-5.15%자기자본이익률-5.91%순이익률-5.06%다음 순이익 업데이트23 Sep 2026최근 과거 실적 업데이트공시 • May 05Bénéteau S.A. to Report First Half, 2026 Results on Sep 23, 2026Bénéteau S.A. announced that they will report first half, 2026 results on Sep 23, 2026공시 • Nov 04Bénéteau S.A. to Report Fiscal Year 2025 Results on Mar 18, 2026Bénéteau S.A. announced that they will report fiscal year 2025 results After-Market on Mar 18, 2026공시 • Jul 29Bénéteau S.A. to Report First Half, 2025 Results on Sep 24, 2025Bénéteau S.A. announced that they will report first half, 2025 results on Sep 24, 2025Reported Earnings • Sep 27First half 2024 earnings releasedFirst half 2024 results: Revenue: €558.0m (down 31% from 1H 2023). Net income: €26.7m (down 72% from 1H 2023). Profit margin: 4.8% (down from 12% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Leisure industry in Europe.Reported Earnings • Mar 20Full year 2023 earnings releasedFull year 2023 results: Revenue: €1.47b (down 2.7% from FY 2022). Net income: €159.0m (up 54% from FY 2022). Profit margin: 11% (up from 6.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Leisure industry in Europe.공시 • Nov 10Bénéteau S.A. to Report Fiscal Year 2023 Results on Mar 19, 2024Bénéteau S.A. announced that they will report fiscal year 2023 results After-Market on Mar 19, 2024모든 업데이트 보기Recent updates공시 • Jun 18Groupe Beneteau Announces Executive Board ChangesGroupe Beneteau announce that following the Annual General Meeting held on June 11, 2026, Groupe Beneteau announced the appointment of Nicolas Retailleau as Chief Financial Officer and his addition to the Executive Board alongside Bruno Thivoyon. Chief Financial Officer of the Group since November 2023, Nicolas Retailleau brings more than 20 years of experience in financial management within international groups (Valeo, Galeries Lafayette, Tarkett) and in several countries (France, Spain, Mexico, the United States, and Belgium). As part of his new responsibilities, he will be tasked with consolidating and developing the finance, legal, and information systems functions, as well as the deployment of management processes (ERP), and ensuring compliance and internal control. Groupe Beneteau thanks Gianguido Girotti, former Chief Executive Officer, for his dedication over the past 11 years, including two on the Executive Board.Upcoming Dividend • Jun 10Upcoming dividend of €0.20 per shareEligible shareholders must have bought the stock before 17 June 2026. Payment date: 19 June 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.6%).Declared Dividend • May 27Dividend reduced to €0.20Dividend of €0.20 is 9.1% lower than last year. Ex-date: 17th June 2026 Payment date: 19th June 2026 Dividend yield will be 2.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (24% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time.Board Change • May 21Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. Independent Director Eric Leonard was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • May 05Bénéteau S.A. to Report First Half, 2026 Results on Sep 23, 2026Bénéteau S.A. announced that they will report first half, 2026 results on Sep 23, 2026공시 • May 04Bénéteau S.A., Annual General Meeting, Jun 11, 2026Bénéteau S.A., Annual General Meeting, Jun 11, 2026. Location: 16 boulevard de la mer, saint gilles croix de vie France공시 • Nov 04Bénéteau S.A. to Report Fiscal Year 2025 Results on Mar 18, 2026Bénéteau S.A. announced that they will report fiscal year 2025 results After-Market on Mar 18, 2026공시 • Jul 29Bénéteau S.A. to Report First Half, 2025 Results on Sep 24, 2025Bénéteau S.A. announced that they will report first half, 2025 results on Sep 24, 2025공시 • May 13Bénéteau S.A., Annual General Meeting, Jun 19, 2025Bénéteau S.A., Annual General Meeting, Jun 19, 2025. Location: les embruns, 16 boulevard de la mer, saint gilles croix de vie FranceReported Earnings • Sep 27First half 2024 earnings releasedFirst half 2024 results: Revenue: €558.0m (down 31% from 1H 2023). Net income: €26.7m (down 72% from 1H 2023). Profit margin: 4.8% (down from 12% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Leisure industry in Europe.Valuation Update With 7 Day Price Move • Jun 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €10.88, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 22x in the Leisure industry in Europe. Total loss to shareholders of 11% over the past three years.Upcoming Dividend • Jun 05Upcoming dividend of €0.73 per shareEligible shareholders must have bought the stock before 12 June 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.4%).Declared Dividend • May 08Dividend increased to €0.73Dividend of €0.73 is 74% higher than last year. Ex-date: 12th June 2024 Payment date: 14th June 2024 Dividend yield will be 5.7%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 38% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 5.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Mar 21Bénéteau S.A., Annual General Meeting, Jun 04, 2024Bénéteau S.A., Annual General Meeting, Jun 04, 2024.Reported Earnings • Mar 20Full year 2023 earnings releasedFull year 2023 results: Revenue: €1.47b (down 2.7% from FY 2022). Net income: €159.0m (up 54% from FY 2022). Profit margin: 11% (up from 6.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Leisure industry in Europe.Buy Or Sell Opportunity • Mar 20Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 12% to €13.72. The fair value is estimated to be €11.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to decline by 21% in the next 2 years.공시 • Nov 10Bénéteau S.A. to Report Fiscal Year 2023 Results on Mar 19, 2024Bénéteau S.A. announced that they will report fiscal year 2023 results After-Market on Mar 19, 2024New Risk • Nov 10New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.8% 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 Risks Earnings are forecast to decline by an average of 2.8% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Sep 29First half 2023 earnings released: EPS: €1.19 (vs €0.65 in 1H 2022)First half 2023 results: EPS: €1.19 (up from €0.65 in 1H 2022). Revenue: €131.2m (down 82% from 1H 2022). Net income: €95.9m (up 81% from 1H 2022). Profit margin: 73% (up from 7.4% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Leisure industry in Europe.Buying Opportunity • Aug 17Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be €17.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 52%. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings is also forecast to grow by 14% per annum over the same time period.Upcoming Dividend • Jun 14Upcoming dividend of €0.42 per share at 2.5% yieldEligible shareholders must have bought the stock before 21 June 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (2.3%).Valuation Update With 7 Day Price Move • May 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €16.46, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Leisure industry in Europe. Total returns to shareholders of 206% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €19.93 per share.공시 • May 09Bénéteau Enter into Exclusive Discussions with Trigano to Sell BIO HABITATBénéteau S.A. (ENXTPA:BEN) said it has entered into exclusive discussions with Trigano S.A. (ENXTPA:TRI) to sell its housing business which is focused on manufacturing leisure homes for the camping tourism sector. The talks concern Beneteau’s subsidiary BIO HABITAT, including the O'HARA, IRM and COCO SWEET brands, as well as all of its employees. The financial details of the transaction under negotiations were not disclosed. A potential divestment will be aligned with the French boats maker’s push to focus on its core business.Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improved over the past weekAfter last week's 21% share price gain to €12.80, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Leisure industry in Europe. Total returns to shareholders of 31% over the past three years.Reported Earnings • Sep 30First half 2022 earnings releasedFirst half 2022 results: EPS: €0.64. Net income: €52.9m (up €52.9m from 1H 2021). Revenue is forecast to grow 8.7% p.a. on average during the next 4 years, compared to a 7.1% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 15Upcoming dividend of €0.30 per shareEligible shareholders must have bought the stock before 22 June 2022. Payment date: 24 June 2022. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (2.8%).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. 10 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Catherine Pourre was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • May 18Investor sentiment improved over the past weekAfter last week's 15% share price gain to €12.36, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 27x in the Leisure industry in Europe. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.54 per share.Is New 90 Day High Low • Mar 02New 90-day high: €12.87The company is up 45% from its price of €8.90 on 02 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.80 per share.Is New 90 Day High Low • Jan 26New 90-day high: €10.85The company is up 49% from its price of €7.31 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.85 per share.Is New 90 Day High Low • Jan 07New 90-day high: €9.70The company is up 43% from its price of €6.80 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.57 per share.Is New 90 Day High Low • Dec 05New 90-day high: €8.96The company is up 34% from its price of €6.69 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.63 per share.Is New 90 Day High Low • Nov 07New 90-day high: €8.13The company is up 27% from its price of €6.41 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.88 per share.Is New 90 Day High Low • Oct 12New 90-day high: €7.45The company is up 36% from its price of €5.47 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure 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 €4.86 per share.매출 및 비용 세부 내역Bénéteau가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:3GD 매출, 비용 및 순이익 (EUR Millions)날짜매출순이익일반관리비연구개발비31 Dec 25849-43397030 Sep 25865-32397030 Jun 25882-22398031 Mar 259584424031 Dec 241,03430450030 Sep 241,12260487030 Jun 241,20990524031 Mar 241,337124550031 Dec 231,465159576030 Sep 231,490152575030 Jun 231,516145574031 Mar 231,383116542031 Dec 221,25186510030 Sep 221,18475494030 Jun 221,11764478031 Mar 221,17268472031 Dec 211,22773467031 Dec 201,008-61450029 Feb 201,36039545030 Nov 191,34844541031 Aug 191,33649536031 May 191,32755528028 Feb 191,31860520030 Nov 181,30360508031 Aug 181,28761495031 May 181,26563479028 Feb 181,24364464030 Nov 171,22662453031 Aug 171,20860442031 May 171,18753437028 Feb 171,16646432030 Nov 161,12535423031 Aug 161,08425415031 May 161,04423402029 Feb 161,00521389030 Nov 1598717378031 Aug 15969133670양질의 수익: 3GD 은(는) 현재 수익성이 없습니다.이익 마진 증가: 3GD는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 3GD은 수익성이 없으며 지난 5년 동안 손실이 연평균 15% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 3GD의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: 3GD은 수익성이 없어 지난 해 수익 성장률을 Leisure 업계(3%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: 3GD는 현재 수익성이 없으므로 자본 수익률이 음수(-5.91%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YConsumer-durables 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/25 03:52종가2026/06/25 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Bénéteau S.A.는 14명의 분석가가 다루고 있습니다. 이 중 6명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Edward BottomleyBerenbergRemi GrenuBerenbergMarie-Line FortBernstein11명의 분석가 더 보기
공시 • May 05Bénéteau S.A. to Report First Half, 2026 Results on Sep 23, 2026Bénéteau S.A. announced that they will report first half, 2026 results on Sep 23, 2026
공시 • Nov 04Bénéteau S.A. to Report Fiscal Year 2025 Results on Mar 18, 2026Bénéteau S.A. announced that they will report fiscal year 2025 results After-Market on Mar 18, 2026
공시 • Jul 29Bénéteau S.A. to Report First Half, 2025 Results on Sep 24, 2025Bénéteau S.A. announced that they will report first half, 2025 results on Sep 24, 2025
Reported Earnings • Sep 27First half 2024 earnings releasedFirst half 2024 results: Revenue: €558.0m (down 31% from 1H 2023). Net income: €26.7m (down 72% from 1H 2023). Profit margin: 4.8% (down from 12% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Leisure industry in Europe.
Reported Earnings • Mar 20Full year 2023 earnings releasedFull year 2023 results: Revenue: €1.47b (down 2.7% from FY 2022). Net income: €159.0m (up 54% from FY 2022). Profit margin: 11% (up from 6.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Leisure industry in Europe.
공시 • Nov 10Bénéteau S.A. to Report Fiscal Year 2023 Results on Mar 19, 2024Bénéteau S.A. announced that they will report fiscal year 2023 results After-Market on Mar 19, 2024
공시 • Jun 18Groupe Beneteau Announces Executive Board ChangesGroupe Beneteau announce that following the Annual General Meeting held on June 11, 2026, Groupe Beneteau announced the appointment of Nicolas Retailleau as Chief Financial Officer and his addition to the Executive Board alongside Bruno Thivoyon. Chief Financial Officer of the Group since November 2023, Nicolas Retailleau brings more than 20 years of experience in financial management within international groups (Valeo, Galeries Lafayette, Tarkett) and in several countries (France, Spain, Mexico, the United States, and Belgium). As part of his new responsibilities, he will be tasked with consolidating and developing the finance, legal, and information systems functions, as well as the deployment of management processes (ERP), and ensuring compliance and internal control. Groupe Beneteau thanks Gianguido Girotti, former Chief Executive Officer, for his dedication over the past 11 years, including two on the Executive Board.
Upcoming Dividend • Jun 10Upcoming dividend of €0.20 per shareEligible shareholders must have bought the stock before 17 June 2026. Payment date: 19 June 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.6%).
Declared Dividend • May 27Dividend reduced to €0.20Dividend of €0.20 is 9.1% lower than last year. Ex-date: 17th June 2026 Payment date: 19th June 2026 Dividend yield will be 2.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (24% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time.
Board Change • May 21Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. Independent Director Eric Leonard was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • May 05Bénéteau S.A. to Report First Half, 2026 Results on Sep 23, 2026Bénéteau S.A. announced that they will report first half, 2026 results on Sep 23, 2026
공시 • May 04Bénéteau S.A., Annual General Meeting, Jun 11, 2026Bénéteau S.A., Annual General Meeting, Jun 11, 2026. Location: 16 boulevard de la mer, saint gilles croix de vie France
공시 • Nov 04Bénéteau S.A. to Report Fiscal Year 2025 Results on Mar 18, 2026Bénéteau S.A. announced that they will report fiscal year 2025 results After-Market on Mar 18, 2026
공시 • Jul 29Bénéteau S.A. to Report First Half, 2025 Results on Sep 24, 2025Bénéteau S.A. announced that they will report first half, 2025 results on Sep 24, 2025
공시 • May 13Bénéteau S.A., Annual General Meeting, Jun 19, 2025Bénéteau S.A., Annual General Meeting, Jun 19, 2025. Location: les embruns, 16 boulevard de la mer, saint gilles croix de vie France
Reported Earnings • Sep 27First half 2024 earnings releasedFirst half 2024 results: Revenue: €558.0m (down 31% from 1H 2023). Net income: €26.7m (down 72% from 1H 2023). Profit margin: 4.8% (down from 12% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Leisure industry in Europe.
Valuation Update With 7 Day Price Move • Jun 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €10.88, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 22x in the Leisure industry in Europe. Total loss to shareholders of 11% over the past three years.
Upcoming Dividend • Jun 05Upcoming dividend of €0.73 per shareEligible shareholders must have bought the stock before 12 June 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.4%).
Declared Dividend • May 08Dividend increased to €0.73Dividend of €0.73 is 74% higher than last year. Ex-date: 12th June 2024 Payment date: 14th June 2024 Dividend yield will be 5.7%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 38% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 5.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Mar 21Bénéteau S.A., Annual General Meeting, Jun 04, 2024Bénéteau S.A., Annual General Meeting, Jun 04, 2024.
Reported Earnings • Mar 20Full year 2023 earnings releasedFull year 2023 results: Revenue: €1.47b (down 2.7% from FY 2022). Net income: €159.0m (up 54% from FY 2022). Profit margin: 11% (up from 6.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Leisure industry in Europe.
Buy Or Sell Opportunity • Mar 20Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 12% to €13.72. The fair value is estimated to be €11.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to decline by 21% in the next 2 years.
공시 • Nov 10Bénéteau S.A. to Report Fiscal Year 2023 Results on Mar 19, 2024Bénéteau S.A. announced that they will report fiscal year 2023 results After-Market on Mar 19, 2024
New Risk • Nov 10New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.8% 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 Risks Earnings are forecast to decline by an average of 2.8% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Sep 29First half 2023 earnings released: EPS: €1.19 (vs €0.65 in 1H 2022)First half 2023 results: EPS: €1.19 (up from €0.65 in 1H 2022). Revenue: €131.2m (down 82% from 1H 2022). Net income: €95.9m (up 81% from 1H 2022). Profit margin: 73% (up from 7.4% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Leisure industry in Europe.
Buying Opportunity • Aug 17Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be €17.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 52%. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings is also forecast to grow by 14% per annum over the same time period.
Upcoming Dividend • Jun 14Upcoming dividend of €0.42 per share at 2.5% yieldEligible shareholders must have bought the stock before 21 June 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (2.3%).
Valuation Update With 7 Day Price Move • May 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €16.46, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Leisure industry in Europe. Total returns to shareholders of 206% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €19.93 per share.
공시 • May 09Bénéteau Enter into Exclusive Discussions with Trigano to Sell BIO HABITATBénéteau S.A. (ENXTPA:BEN) said it has entered into exclusive discussions with Trigano S.A. (ENXTPA:TRI) to sell its housing business which is focused on manufacturing leisure homes for the camping tourism sector. The talks concern Beneteau’s subsidiary BIO HABITAT, including the O'HARA, IRM and COCO SWEET brands, as well as all of its employees. The financial details of the transaction under negotiations were not disclosed. A potential divestment will be aligned with the French boats maker’s push to focus on its core business.
Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improved over the past weekAfter last week's 21% share price gain to €12.80, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Leisure industry in Europe. Total returns to shareholders of 31% over the past three years.
Reported Earnings • Sep 30First half 2022 earnings releasedFirst half 2022 results: EPS: €0.64. Net income: €52.9m (up €52.9m from 1H 2021). Revenue is forecast to grow 8.7% p.a. on average during the next 4 years, compared to a 7.1% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 15Upcoming dividend of €0.30 per shareEligible shareholders must have bought the stock before 22 June 2022. Payment date: 24 June 2022. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (2.8%).
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. 10 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Catherine Pourre was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • May 18Investor sentiment improved over the past weekAfter last week's 15% share price gain to €12.36, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 27x in the Leisure industry in Europe. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.54 per share.
Is New 90 Day High Low • Mar 02New 90-day high: €12.87The company is up 45% from its price of €8.90 on 02 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.80 per share.
Is New 90 Day High Low • Jan 26New 90-day high: €10.85The company is up 49% from its price of €7.31 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.85 per share.
Is New 90 Day High Low • Jan 07New 90-day high: €9.70The company is up 43% from its price of €6.80 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.57 per share.
Is New 90 Day High Low • Dec 05New 90-day high: €8.96The company is up 34% from its price of €6.69 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.63 per share.
Is New 90 Day High Low • Nov 07New 90-day high: €8.13The company is up 27% from its price of €6.41 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.88 per share.
Is New 90 Day High Low • Oct 12New 90-day high: €7.45The company is up 36% from its price of €5.47 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure 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 €4.86 per share.