New Risk • May 05
New major risk - Revenue and earnings growth Earnings have declined by 19% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 19% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.9% net profit margin). Aankondiging • Apr 16
Samse SA, Annual General Meeting, May 21, 2026 Samse SA, Annual General Meeting, May 21, 2026. Location: 2 rue raymond pitet, grenoble France Declared Dividend • Mar 25
Dividend reduced to €5.00 Dividend of €5.00 is 38% lower than last year. Ex-date: 30th June 2026 Payment date: 2nd July 2026 Dividend yield will be 4.1%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is not covered by earnings (145% earnings payout ratio). However, it is well covered by cash flows (32% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 61% to bring the payout ratio under control. EPS is expected to grow by 136% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Aankondiging • Mar 24
Samse SA announces Annual dividend, payable on July 02, 2026 Samse SA announced Annual dividend of EUR 5.0000 per share payable on July 02, 2026, ex-date on June 30, 2026 and record date on July 01, 2026. New Risk • Mar 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Dividend is not well covered by earnings (145% payout ratio). Profit margins are more than 30% lower than last year (0.9% net profit margin). Reported Earnings • Sep 10
First half 2025 earnings released First half 2025 results: Revenue: €1.01b (up 4.6% from 1H 2024). Net income: €694.0k (down 92% from 1H 2024). Profit margin: 0.1% (down from 0.9% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Specialty Retail industry in France. Price Target Changed • Sep 05
Price target decreased by 9.4% to €140 Down from €154, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €135. Stock is down 9.7% over the past year. The company is forecast to post earnings per share of €8.34 for next year compared to €7.67 last year. Price Target Changed • Aug 01
Price target decreased by 8.5% to €146 Down from €159, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €151. Stock is down 10% over the past year. The company is forecast to post earnings per share of €8.68 for next year compared to €7.67 last year. Upcoming Dividend • Jun 23
Upcoming dividend of €8.00 per share Eligible shareholders must have bought the stock before 30 June 2025. Payment date: 02 July 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.0%. Lower than top quartile of French dividend payers (5.4%). Higher than average of industry peers (4.3%). Aankondiging • Apr 17
Samse SA, Annual General Meeting, May 22, 2025 Samse SA, Annual General Meeting, May 22, 2025. Location: 2 rue raymond pitet, grenoble France Declared Dividend • Mar 26
Dividend reduced to €8.00 Dividend of €8.00 is 20% lower than last year. Ex-date: 30th June 2025 Payment date: 2nd July 2025 Dividend yield will be 5.6%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is not covered by earnings (104% earnings payout ratio). However, it is well covered by cash flows (22% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 16% to bring the payout ratio under control. EPS is expected to grow by 39% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Aankondiging • Mar 25
Samse SA announces Annual dividend, payable on July 02, 2025 Samse SA announced Annual dividend of EUR 8.0000 per share payable on July 02, 2025, ex-date on June 30, 2025 and record date on July 01, 2025. New Risk • Mar 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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 Risk Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.3% net profit margin). New Risk • Sep 08
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.3% Last year net profit margin: 4.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.3% net profit margin). Price Target Changed • Sep 06
Price target decreased by 23% to €158 Down from €206, the current price target is provided by 1 analyst. New target price is 6.0% above last closing price of €149. Stock is down 12% over the past year. The company is forecast to post earnings per share of €6.32 for next year compared to €22.30 last year. Upcoming Dividend • Jun 13
Upcoming dividend of €10.00 per share Eligible shareholders must have bought the stock before 20 June 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 8.7%. Within top quartile of French dividend payers (5.2%). Higher than average of industry peers (4.1%). Buy Or Sell Opportunity • May 22
Now 21% overvalued Over the last 90 days, the stock has fallen 4.8% to €190. The fair value is estimated to be €157, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 4.0% per annum over the same time period. Reported Earnings • Mar 25
Full year 2023 earnings released Full year 2023 results: Revenue: €1.89b (down 1.2% from FY 2022). Net income: €76.4m (down 19% from FY 2022). Profit margin: 4.0% (down from 5.0% in FY 2022). Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Specialty Retail industry in France. Buy Or Sell Opportunity • Jan 27
Now 20% undervalued Over the last 90 days, the stock has risen 27% to €200. The fair value is estimated to be €251, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to decline by 5.3% in 2 years. Earnings are forecast to decline by 16% in the next 2 years. Buying Opportunity • Jan 18
Now 20% undervalued Over the last 90 days, the stock is up 28%. The fair value is estimated to be €253, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to decline by 5.3% in 2 years. Earnings is forecast to decline by 16% in the next 2 years. Buying Opportunity • Dec 27
Now 21% undervalued Over the last 90 days, the stock is up 19%. The fair value is estimated to be €252, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to decline by 5.3% in 2 years. Earnings is forecast to decline by 16% in the next 2 years. Price Target Changed • Dec 07
Price target decreased by 19% to €193 Down from €237, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of €191. Stock is up 5.8% over the past year. The company is forecast to post earnings per share of €24.00 for next year compared to €27.58 last year. New Risk • Sep 12
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 41% 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: Major Risk Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risk High level of debt (41% net debt to equity). Upcoming Dividend • Jun 14
Upcoming dividend of €16.00 per share at 7.5% yield Eligible shareholders must have bought the stock before 21 June 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 7.5%. Within top quartile of French dividend payers (5.2%). Higher than average of industry peers (5.0%). Reported Earnings • Mar 18
Full year 2022 earnings released Full year 2022 results: Revenue: €1.91b (up 8.0% from FY 2021). Net income: €94.9m (up 1.5% from FY 2021). Profit margin: 5.0% (down from 5.3% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 2.8% p.a. on average during the next 2 years, while revenues in the Specialty Retail industry in France are expected to grow by 2.5%. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Martine Paccoud was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Nov 09
Consensus EPS estimates increase by 19% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €1.78b to €1.89b. EPS estimate increased from €23.97 to €28.41 per share. Net income forecast to shrink 10% next year vs 13% decline forecast for Specialty Retail industry in France. Consensus price target up from €223 to €237. Share price fell 2.0% to €168 over the past week. Buying Opportunity • Sep 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €216, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to decline by 3.3% in 2 years. Earnings is forecast to decline by 23% in the next 2 years. Price Target Changed • Jul 30
Price target decreased to €237 Down from €266, the current price target is provided by 1 analyst. New target price is 34% above last closing price of €177. Stock is down 4.3% over the past year. The company is forecast to post earnings per share of €22.89 for next year compared to €27.14 last year. Buying Opportunity • Jul 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be €222, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to decline by 1.2% in 2 years. Earnings is forecast to decline by 23% in the next 2 years. Buying Opportunity • Jul 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €222, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to decline by 1.2% in 2 years. Earnings is forecast to decline by 23% in the next 2 years. Buying Opportunity • Jun 22
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €233, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to decline by 1.2% in 2 years. Earnings is forecast to decline by 23% in the next 2 years. Upcoming Dividend • Jun 14
Upcoming dividend of €16.00 per share Eligible shareholders must have bought the stock before 21 June 2022. Payment date: 23 June 2022. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 7.7%. Within top quartile of French dividend payers (5.1%). Higher than average of industry peers (4.2%). Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 9 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Martine Paccoud was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Major Estimate Revision • Jul 31
Consensus EPS estimates increase to €23.48 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from €1.78b to €1.83b. EPS estimate increased from €18.63 to €23.48 per share. Net income forecast to grow 71% next year vs 17% growth forecast for Specialty Retail industry in France. Consensus price target up from €235 to €264. Share price rose 3.4% to €185 over the past week. Upcoming Dividend • Jun 15
Upcoming dividend of €8.00 per share Eligible shareholders must have bought the stock before 21 June 2021. Payment date: 23 June 2021. Trailing yield: 4.3%. Within top quartile of French dividend payers (3.7%). Higher than average of industry peers (2.2%). Reported Earnings • Apr 26
Full year 2020 earnings released: EPS €13.74 (vs €11.83 in FY 2019) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: €1.51b (flat on FY 2019). Net income: €47.4m (up 16% from FY 2019). Profit margin: 3.1% (up from 2.7% in FY 2019). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year. Price Target Changed • Apr 06
Price target increased to €222 Up from €196, the current price target is provided by 1 analyst. New target price is 21% above last closing price of €183. Stock is up 69% over the past year. Aankondiging • Mar 04
Samse SA to Report Fiscal Year 2020 Results on Mar 31, 2021 Samse SA announced that they will report fiscal year 2020 results on Mar 31, 2021 Is New 90 Day High Low • Feb 18
New 90-day high: €161 The company is up 9.0% from its price of €148 on 19 November 2020. The French market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Specialty Retail industry, which is up 12% over the same period. Major Estimate Revision • Feb 04
Analysts increase EPS estimates to €13.33 The 2020 consensus revenue estimate increased from €1.49b to €1.51b. The earnings per share estimate also received an upgrade from €11.66 to €13.33 for the same period. Net income is expected to grow by 34% next year compared to 30% growth forecast for the Specialty Retail industry in France. The consensus price target increased from €176 to €196. Share price is up 2.6% to €158 over the past week. Price Target Changed • Feb 03
Price target raised to €196 Up from €181, the current price target is provided by 1 analyst. The new target price is 26% above the current share price of €155. As of last close, the stock is down 3.1% over the past year. Is New 90 Day High Low • Dec 07
New 90-day high: €156 The company is up 19% from its price of €131 on 08 September 2020. The French market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Specialty Retail industry, which is up 26% over the same period. Upcoming Dividend • Dec 07
Upcoming Dividend of €8.00 Per Share Will be paid on the 16th of December to those who are registered shareholders by the 14th of December. The trailing yield of 5.1% is in the top quartile of French dividend payers (4.6%), and it is higher than industry peers (4.2%). Is New 90 Day High Low • Nov 16
New 90-day high: €151 The company is up 14% from its price of €133 on 18 August 2020. The French market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 7.0% over the same period. Is New 90 Day High Low • Sep 25
New 90-day high: €138 The company is up 6.0% from its price of €130 on 26 June 2020. The French market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 3.0% over the same period.