Aankondiging • Feb 10
Somfy SA(ENXTPA:SO) dropped from CAC AllShares Index Somfy SA will be removed from CAC AllShares Index. Aankondiging • Jan 18
Somfy SA(ENXTPA:SO) dropped from FTSE All-World Index (USD) Somfy SA(ENXTPA:SO) dropped from FTSE All-World Index (USD) Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 23% share price gain to €144, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 25x in the Electrical industry in Germany. Total returns to shareholders of 78% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €91.01 per share. Board Change • Nov 16
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. No experienced directors. No highly experienced directors. Independent Director Bertrand Parmentier is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Sep 10
First half 2022 earnings released: EPS: €4.67 (vs €5.30 in 1H 2021) First half 2022 results: EPS: €4.67 (down from €5.30 in 1H 2021). Revenue: €861.0m (up 7.0% from 1H 2021). Net income: €160.9m (down 12% from 1H 2021). Profit margin: 19% (down from 23% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electrical industry in Germany. 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 7% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 03
Somfy SA, Annual General Meeting, May 31, 2023 Somfy SA, Annual General Meeting, May 31, 2023. Aankondiging • Aug 02
Somfy SA to Report First Half, 2023 Results on Sep 05, 2023 Somfy SA announced that they will report first half, 2023 results on Sep 05, 2023 Upcoming Dividend • Jun 03
Upcoming dividend of €2.15 per share Eligible shareholders must have bought the stock before 10 June 2022. Payment date: 14 June 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.2%). Higher than average of industry peers (1.0%). Buying Opportunity • May 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be €168, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings is also forecast to grow by 6.6% per annum over the same time period. Reported Earnings • Mar 15
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: €1.48b (up 18% from FY 2020). Net income: €258.0m (up 21% from FY 2020). Profit margin: 18% (in line with FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.6%, compared to a 16% growth forecast for the industry in Germany. Aankondiging • Feb 25
Somfy SA (ENXTPA:SO) signed an agreement to acquire a 75% stake in Teleco Automation Srl. Somfy SA (ENXTPA:SO) signed an agreement to acquire a 75% stake in Teleco Automation Srl on February 24, 2022. The agreement comes with put and call options relating to the balance of Teleco Automation’s share capital exercisable in early 2025. Somfy will finance the acquisition using existing cash resources. In 2021, Teleco reported sales of €40 million. The transaction is subject notably to the waiving of usual conditions precedent and is expected to close during the second quarter of 2022. Reported Earnings • Sep 11
First half 2021 earnings released: EPS €5.30 (vs €2.35 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €805.0m (up 42% from 1H 2020). Net income: €182.7m (up 126% from 1H 2020). Profit margin: 23% (up from 14% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 01
Upcoming dividend of €1.85 per share Eligible shareholders must have bought the stock before 08 June 2021. Payment date: 10 June 2021. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.7%). Reported Earnings • May 04
Full year 2020 earnings released: EPS €6.20 (vs €4.75 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €1.26b (up 4.7% from FY 2019). Net income: €213.0m (up 31% from FY 2019). Profit margin: 17% (up from 14% in FY 2019). 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 22% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 12
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €1.26b (up 4.7% from FY 2019). Net income: €213.0m (up 31% from FY 2019). Profit margin: 17% (up from 14% in FY 2019). Is New 90 Day High Low • Jan 26
New 90-day high: €154 The company is up 28% from its price of €121 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 50% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €65.89 per share. Is New 90 Day High Low • Jan 09
New 90-day high: €153 The company is up 28% from its price of €119 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 42% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €65.54 per share. Aankondiging • Dec 17
Somfy SA (ENXTPA:SO) acquired 60% stake in Repar'stores Aubagne. Somfy SA (ENXTPA:SO) acquired 60% stake in Repar'stores Aubagne on December 14, 2020. Repar’stores’ leadership team will remain autonomous at operational level while also benefiting from the support of Somfy’s teams in order to best support its own expansion strategy. Repar'stores sales for the financial year ended June 30, 2020 were €28.5 million.
Somfy SA (ENXTPA:SO) completed the acquisition of 60% stake in Repar'stores Aubagne on December 14, 2020. Is New 90 Day High Low • Dec 16
New 90-day high: €139 The company is up 23% from its price of €113 on 17 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical 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 €66.71 per share. Is New 90 Day High Low • Oct 21
New 90-day high: €124 The company is up 26% from its price of €98.10 on 23 July 2020. The German market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €56.91 per share. Aankondiging • Sep 30
Somfy SA and Jean Pierre Serigny have acquired Cotherm S.A. Somfy SA and Jean Pierre Serigny have acquired Cotherm S.A. on April 24, 2006. Somfy invested approximately €5.2 million and acquired 65% and Jean-Pierre Serigny acquired 35%. Sellers in the deal were 21 Central Partners (22.58%), Viveris (20%) and BNP Paribas Developpement (13.5%). For the year ended on December 31, 2005, Cotherm reported total revenues of approximately €22 million. Somfy will keep the management headquarters and main plant of Cotherm in Vinay. As a result of the transaction Cotherm will be folded into Somfy with effect as of June 30, 2006.
Societex (Christian Tachon) acted as financial advisor to Sonfy; Mr. Thierry Ginon was its legal advisor. Odicéo (Alain Fayen) provided the accounting due diligence; CMS BFL (Agnès de l'Estoile-Campi, Arnaud Le Boulanger) provided the fiscal due diligence. Nomos (Jean-François Pourdieu) acted as legal advisor to the sellers. Mr. Michel Vandenbussche and Mr. Franck Benhamou were the legal counsels of the management. Is New 90 Day High Low • Sep 28
New 90-day high: €116 The company is up 28% from its price of €90.50 on 30 June 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €56.81 per share. 
