View ValuationOeneo 향후 성장Future 기준 점검 1/6Oeneo (는) 각각 연간 7.4% 및 1.7% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 4.3% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 8.9% 로 예상됩니다.핵심 정보7.4%이익 성장률4.26%EPS 성장률Packaging 이익 성장33.6%매출 성장률1.7%향후 자기자본이익률8.85%애널리스트 커버리지Low마지막 업데이트03 Jun 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBoard Change • May 19Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Independent Director Jean Van Ruyskensvelde was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.공시 • May 06Oeneo SA to Report Fiscal Year 2026 Results on Jun 11, 2026Oeneo SA announced that they will report fiscal year 2026 results on Jun 11, 2026Board Change • Apr 14Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Independent Director Jean Van Ruyskensvelde was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Board Change • Mar 24Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Independent Director Jean Van Ruyskensvelde was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.공시 • Mar 24Oeneo SA (ENXTPA:SBT) commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on July 24, 2025.Oeneo SA (ENXTPA:SBT) commences share repurchases on March 17, 2026, under the program mandated by the shareholders in the Annual General Meeting held on July 24, 2025. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital. The maximum repurchase price is set at €17 per share. The purpose of the program is to meet the requirements arising from programs for the allocation of free shares to employees and/or corporate officers of the company and/or of affiliated companies, reduce the share capital by canceling treasury shares and meet the requirements arising from securities granting access to the share capital. The repurchase authorization is valid for 18 months.Board Change • Feb 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Independent Director Jean Van Ruyskensvelde was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Board Change • Jan 19Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Independent Director Jean Van Ruyskensvelde was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Board Change • Dec 24Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Independent Director Jean Van Ruyskensvelde was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.공시 • Nov 04Oeneo SA to Report Q1, 2026 Results on Dec 04, 2025Oeneo SA announced that they will report Q1, 2026 results at 5:40 PM, Central European Standard Time on Dec 04, 2025Board Change • Oct 29Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Independent Director Jean Van Ruyskensvelde was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Upcoming Dividend • Sep 24Upcoming dividend of €0.35 per shareEligible shareholders must have bought the stock before 01 October 2025. Payment date: 03 October 2025. Payout ratio is on the higher end at 75%, however this is supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of British dividend payers (5.4%). In line with average of industry peers (4.1%).Board Change • Sep 03Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Independent Director Jean Van Ruyskensvelde was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Board Change • Aug 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Independent Director Jean Van Ruyskensvelde was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.공시 • Jul 25Oeneo Sa Approves the Payment of a Cash Dividend in Respect of the 2024-2025 Financial Year, Payable on October 3, 2025Oeneo SA at its AGM held on June 24, 2025, approved the payment of a cash dividend of 0.35 per share in respect of the 2024-2025 financial year. The ex- dividend date for the full amount has been set as October 1, 2025 and the dividend will be paid on October 3, 2025.공시 • Jun 19Oeneo SA, Annual General Meeting, Jul 24, 2025Oeneo SA, Annual General Meeting, Jul 24, 2025. Location: chateau pellisson 109 boulevard de paris, cognac FranceReported Earnings • Jun 17Full year 2025 earnings released: EPS: €0.46 (vs €0.45 in FY 2024)Full year 2025 results: EPS: €0.46 (up from €0.45 in FY 2024). Revenue: €305.1m (flat on FY 2024). Net income: €29.8m (up 3.2% from FY 2024). Profit margin: 9.8% (in line with FY 2024). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 14% per year.Reported Earnings • Dec 06First half 2025 earnings releasedFirst half 2025 results: Revenue: €153.0m (flat on 1H 2024). Net income: €15.8m (up 7.2% from 1H 2024). Profit margin: 10% (in line with 1H 2024). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Packaging industry in Europe.Reported Earnings • Jun 14Full year 2024 earnings released: EPS: €0.45 (vs €0.64 in FY 2023)Full year 2024 results: EPS: €0.45 (down from €0.64 in FY 2023). Revenue: €305.9m (down 12% from FY 2023). Net income: €28.9m (down 30% from FY 2023). Profit margin: 9.4% (down from 12% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year.Reported Earnings • Dec 09First half 2024 earnings releasedFirst half 2024 results: Revenue: €154.3m (down 11% from 1H 2023). Net income: €14.7m (down 33% from 1H 2023). Profit margin: 9.5% (down from 13% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Packaging 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.New Risk • Dec 08New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.9% 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 1.9% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (209% cash payout ratio).Reported Earnings • Jun 16Full year 2023 earnings released: EPS: €0.64 (vs €0.58 in FY 2022)Full year 2023 results: EPS: €0.64 (up from €0.58 in FY 2022). Revenue: €348.2m (up 6.8% from FY 2022). Net income: €41.2m (up 11% from FY 2022). Profit margin: 12% (in line with FY 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Apr 04Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 7.9%. The fair value is estimated to be €16.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 16% in the next 2 years.Reported Earnings • Dec 03First half 2023 earnings releasedFirst half 2023 results: Revenue: €173.3m (up 9.3% from 1H 2022). Net income: €21.9m (up 21% from 1H 2022). Profit margin: 13% (up from 11% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Packaging industry in Europe.Reported Earnings • Jun 15Full year 2022 earnings released: EPS: €0.58 (vs €0.49 in FY 2021)Full year 2022 results: EPS: €0.58 (up from €0.49 in FY 2021). Revenue: €327.5m (up 20% from FY 2021). Net income: €37.1m (up 18% from FY 2021). Profit margin: 11% (in line with FY 2021). Over the next year, revenue is forecast to grow 4.6%, compared to a 18% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Feb 14High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Chairman of the Board Nicolas Hériard Dubreuil was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Board Change • Dec 22High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Chairman of the Board Nicolas Hériard Dubreuil was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Dec 08First half 2022 earnings: Revenues in line with analyst expectationsFirst half 2022 results: Revenue: €158.6m (up 21% from 1H 2021). Net income: €18.1m (up 27% from 1H 2021). Profit margin: 11% (in line with 1H 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 5.1%, compared to a 12% growth forecast for the industry in the United Kingdom.Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Chairman of the Board Nicolas Hériard Dubreuil was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Jun 28Full year 2021 earnings released: EPS €0.49 (vs €0.46 in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: €272.8m (down 6.0% from FY 2020). Net income: €31.5m (up 6.8% from FY 2020). Profit margin: 12% (up from 10% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 7% per year, which means it is tracking significantly ahead of earnings growth.이익 및 매출 성장 예측LSE:0O33 - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수3/31/202930335365213/31/202829330285023/31/202729229335733/31/202629328285929/30/2025292275272N/A6/30/2025299294562N/A3/31/2025305303853N/A12/31/2024305303449N/A9/30/2024304303046N/A6/30/2024305292847N/A3/31/2024306292749N/A12/31/2023318312144N/A9/30/2023329341539N/A6/30/2023339381840N/A3/31/2023348412241N/A12/31/2022344412140N/A9/30/2022341412038N/A6/30/2022333392041N/A3/31/2022326372044N/A12/31/2021313363456N/A9/30/2021300354869N/A6/30/2021286335169N/A3/31/2021273325369N/A12/31/2020276304259N/A9/30/2020278283049N/A6/30/2020284292342N/A3/31/2020290301635N/A12/31/201928630924N/A9/30/201928231113N/A6/30/201927630N/A10N/A3/31/201926928N/A7N/A12/31/201826227N/A11N/A9/30/201825427N/A14N/A6/30/201825129N/A22N/A3/31/201824931N/A30N/A9/30/201722031N/A39N/A6/30/201722130N/A39N/A3/31/201722228N/A40N/A12/31/201624326N/A32N/A9/30/201624026N/A25N/A6/30/201622525N/A22N/A3/31/201621123N/A20N/A12/31/201519823N/A17N/A9/30/201518422N/A14N/A6/30/201517822N/A17N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 0O33 의 연간 예상 수익 증가율(7.4%)이 saving rate(3.4%)보다 높습니다.수익 vs 시장: 0O33 의 연간 수익(7.4%)이 UK 시장(11.5%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 0O33 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 0O33 의 수익(연간 1.7%)이 UK 시장(연간 4.5%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 0O33 의 수익(연간 1.7%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 0O33의 자본 수익률은 3년 후 8.9%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/10 13:18종가2026/06/08 00:00수익2025/09/30연간 수익2025/03/31데이터 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 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.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 소스Oeneo SA는 6명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Mohamed MansourDegroof PetercamChristine RopertGilbert DupontStephanie LefebvreGilbert Dupont3명의 분석가 더 보기
Board Change • May 19Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Independent Director Jean Van Ruyskensvelde was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
공시 • May 06Oeneo SA to Report Fiscal Year 2026 Results on Jun 11, 2026Oeneo SA announced that they will report fiscal year 2026 results on Jun 11, 2026
Board Change • Apr 14Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Independent Director Jean Van Ruyskensvelde was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Board Change • Mar 24Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Independent Director Jean Van Ruyskensvelde was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
공시 • Mar 24Oeneo SA (ENXTPA:SBT) commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on July 24, 2025.Oeneo SA (ENXTPA:SBT) commences share repurchases on March 17, 2026, under the program mandated by the shareholders in the Annual General Meeting held on July 24, 2025. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital. The maximum repurchase price is set at €17 per share. The purpose of the program is to meet the requirements arising from programs for the allocation of free shares to employees and/or corporate officers of the company and/or of affiliated companies, reduce the share capital by canceling treasury shares and meet the requirements arising from securities granting access to the share capital. The repurchase authorization is valid for 18 months.
Board Change • Feb 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Independent Director Jean Van Ruyskensvelde was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Board Change • Jan 19Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Independent Director Jean Van Ruyskensvelde was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Board Change • Dec 24Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Independent Director Jean Van Ruyskensvelde was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
공시 • Nov 04Oeneo SA to Report Q1, 2026 Results on Dec 04, 2025Oeneo SA announced that they will report Q1, 2026 results at 5:40 PM, Central European Standard Time on Dec 04, 2025
Board Change • Oct 29Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Independent Director Jean Van Ruyskensvelde was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Upcoming Dividend • Sep 24Upcoming dividend of €0.35 per shareEligible shareholders must have bought the stock before 01 October 2025. Payment date: 03 October 2025. Payout ratio is on the higher end at 75%, however this is supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of British dividend payers (5.4%). In line with average of industry peers (4.1%).
Board Change • Sep 03Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Independent Director Jean Van Ruyskensvelde was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Board Change • Aug 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Independent Director Jean Van Ruyskensvelde was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
공시 • Jul 25Oeneo Sa Approves the Payment of a Cash Dividend in Respect of the 2024-2025 Financial Year, Payable on October 3, 2025Oeneo SA at its AGM held on June 24, 2025, approved the payment of a cash dividend of 0.35 per share in respect of the 2024-2025 financial year. The ex- dividend date for the full amount has been set as October 1, 2025 and the dividend will be paid on October 3, 2025.
공시 • Jun 19Oeneo SA, Annual General Meeting, Jul 24, 2025Oeneo SA, Annual General Meeting, Jul 24, 2025. Location: chateau pellisson 109 boulevard de paris, cognac France
Reported Earnings • Jun 17Full year 2025 earnings released: EPS: €0.46 (vs €0.45 in FY 2024)Full year 2025 results: EPS: €0.46 (up from €0.45 in FY 2024). Revenue: €305.1m (flat on FY 2024). Net income: €29.8m (up 3.2% from FY 2024). Profit margin: 9.8% (in line with FY 2024). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 14% per year.
Reported Earnings • Dec 06First half 2025 earnings releasedFirst half 2025 results: Revenue: €153.0m (flat on 1H 2024). Net income: €15.8m (up 7.2% from 1H 2024). Profit margin: 10% (in line with 1H 2024). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Packaging industry in Europe.
Reported Earnings • Jun 14Full year 2024 earnings released: EPS: €0.45 (vs €0.64 in FY 2023)Full year 2024 results: EPS: €0.45 (down from €0.64 in FY 2023). Revenue: €305.9m (down 12% from FY 2023). Net income: €28.9m (down 30% from FY 2023). Profit margin: 9.4% (down from 12% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year.
Reported Earnings • Dec 09First half 2024 earnings releasedFirst half 2024 results: Revenue: €154.3m (down 11% from 1H 2023). Net income: €14.7m (down 33% from 1H 2023). Profit margin: 9.5% (down from 13% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Packaging 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.
New Risk • Dec 08New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.9% 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 1.9% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (209% cash payout ratio).
Reported Earnings • Jun 16Full year 2023 earnings released: EPS: €0.64 (vs €0.58 in FY 2022)Full year 2023 results: EPS: €0.64 (up from €0.58 in FY 2022). Revenue: €348.2m (up 6.8% from FY 2022). Net income: €41.2m (up 11% from FY 2022). Profit margin: 12% (in line with FY 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Apr 04Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 7.9%. The fair value is estimated to be €16.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 16% in the next 2 years.
Reported Earnings • Dec 03First half 2023 earnings releasedFirst half 2023 results: Revenue: €173.3m (up 9.3% from 1H 2022). Net income: €21.9m (up 21% from 1H 2022). Profit margin: 13% (up from 11% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Packaging industry in Europe.
Reported Earnings • Jun 15Full year 2022 earnings released: EPS: €0.58 (vs €0.49 in FY 2021)Full year 2022 results: EPS: €0.58 (up from €0.49 in FY 2021). Revenue: €327.5m (up 20% from FY 2021). Net income: €37.1m (up 18% from FY 2021). Profit margin: 11% (in line with FY 2021). Over the next year, revenue is forecast to grow 4.6%, compared to a 18% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Feb 14High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Chairman of the Board Nicolas Hériard Dubreuil was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Board Change • Dec 22High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Chairman of the Board Nicolas Hériard Dubreuil was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Dec 08First half 2022 earnings: Revenues in line with analyst expectationsFirst half 2022 results: Revenue: €158.6m (up 21% from 1H 2021). Net income: €18.1m (up 27% from 1H 2021). Profit margin: 11% (in line with 1H 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 5.1%, compared to a 12% growth forecast for the industry in the United Kingdom.
Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Chairman of the Board Nicolas Hériard Dubreuil was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Jun 28Full year 2021 earnings released: EPS €0.49 (vs €0.46 in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: €272.8m (down 6.0% from FY 2020). Net income: €31.5m (up 6.8% from FY 2020). Profit margin: 12% (up from 10% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 7% per year, which means it is tracking significantly ahead of earnings growth.