Upcoming Dividend • May 27
Upcoming dividend of €7.10 per share Eligible shareholders must have bought the stock before 03 June 2026. Payment date: 05 June 2026. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of French dividend payers (5.5%). In line with average of industry peers (4.0%). Declared Dividend • May 03
Dividend reduced to €7.10 Dividend of €7.10 is 5.3% lower than last year. Ex-date: 3rd June 2026 Payment date: 5th June 2026 Dividend yield will be 4.4%, which is higher than the industry average of 3.7%. Sustainability & Growth The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 공고 • Apr 23
Exacompta Clairefontaine S.A., Annual General Meeting, May 27, 2026 Exacompta Clairefontaine S.A., Annual General Meeting, May 27, 2026. Location: etival clairefontaine, vosges France 공고 • Apr 03
Exacompta Clairefontaine S.A. to Report First Half, 2026 Results on Sep 17, 2026 Exacompta Clairefontaine S.A. announced that they will report first half, 2026 results on Sep 17, 2026 Buy Or Sell Opportunity • Oct 21
Now 23% undervalued Over the last 90 days, the stock has risen 8.5% to €166. The fair value is estimated to be €214, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.5%. Declared Dividend • May 29
Dividend increased to €7.50 Dividend of €7.50 is 12% higher than last year. Ex-date: 4th June 2025 Payment date: 6th June 2025 Dividend yield will be 4.6%, which is higher than the industry average of 3.7%. Sustainability & Growth The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 공고 • Apr 19
Exacompta Clairefontaine S.A., Annual General Meeting, May 27, 2025 Exacompta Clairefontaine S.A., Annual General Meeting, May 27, 2025. Location: etival clairefontaine, r cs epinal France Reported Earnings • Sep 30
First half 2024 earnings released: EPS: €14.59 (vs €33.78 in 1H 2023) First half 2024 results: EPS: €14.59 (down from €33.78 in 1H 2023). Revenue: €413.5m (down 3.5% from 1H 2023). Net income: €16.5m (down 57% from 1H 2023). Profit margin: 4.0% (down from 8.9% in 1H 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jun 02
Dividend of €6.70 announced Shareholders will receive a dividend of €6.70. Ex-date: 5th June 2024 Payment date: 7th June 2024 Dividend yield will be 3.9%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 30% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 28% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 03
Full year 2023 earnings released Full year 2023 results: Revenue: €843.2m (flat on FY 2022). Net income: €43.1m (up 59% from FY 2022). Profit margin: 5.1% (up from 3.2% in FY 2022). New Risk • Jan 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.7% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Nov 23
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €156, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 8x in the Forestry industry in Europe. Total returns to shareholders of 82% over the past three years. Reported Earnings • Sep 25
First half 2023 earnings released First half 2023 results: Revenue: €421.9m (up 5.9% from 1H 2022). Net income: €38.2m (up 334% from 1H 2022). Profit margin: 9.1% (up from 2.2% in 1H 2022). The increase in margin was primarily driven by higher revenue. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (12 non-independent directors). Director Louise de l’Estang du Rusquec was the last 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Sep 17
First half 2022 earnings released: EPS: €0 (vs €6.48 in 1H 2021) First half 2022 results: EPS: €0. Revenue: €398.2m (up 20% from 1H 2021). Net income: €8.81m (up 20% from 1H 2021). Profit margin: 2.2% (in line with 1H 2021). Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improved over the past week After last week's 17% share price gain to €134, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 11x in the Forestry industry in Europe. Total returns to shareholders of 23% over the past three years. Board Change • Apr 27
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. No independent directors (12 non-independent directors). Director Louise de l’Estang du Rusquec was the last 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 31
Full year 2021 earnings released Full year 2021 results: Revenue: €726.8m (up 5.4% from FY 2020). Net income: €20.7m (up 68% from FY 2020). Profit margin: 2.8% (up from 1.8% in FY 2020). The increase in margin was driven by higher revenue. Reported Earnings • Sep 19
First half 2021 earnings released The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €332.4m (up 6.0% from 1H 2020). Net income: €7.33m (up €10.3m from 1H 2020). Profit margin: 2.2% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Reported Earnings • May 04
Full year 2020 earnings released: EPS €10.85 (vs €15.08 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €711.9m (up 1.2% from FY 2019). Net income: €12.3m (down 28% from FY 2019). Profit margin: 1.7% (down from 2.4% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 15
New 90-day high: €98.50 The company is up 4.0% from its price of €95.00 on 17 November 2020. The French market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 16% over the same period. Is New 90 Day High Low • Oct 24
New 90-day low: €85.00 The company is down 15% from its price of €100.00 on 24 July 2020. The French market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 9.0% over the same period. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total profits of €10.8m, down 4.8% from the prior year. Total revenue was €716.4m over the last 12 months, up 17% from the prior year. Is New 90 Day High Low • Sep 19
New 90-day low: €94.00 The company is down 4.0% from its price of €98.00 on 19 June 2020. The French market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 6.0% over the same period.