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FLOB

Floridienne ENXTBR:FLOB Stock Report

Last Price

€724.00

Market Cap

€709.2m

7D

-8.4%

1Y

9.7%

Updated

24 Sep, 2022

Data

Company Financials
FLOB fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance5/6
Financial Health3/6
Dividends0/6

FLOB Stock Overview

Floridienne S.A., through its subsidiaries, operates in the chemicals, gourmet food, and life sciences sectors in Belgium and internationally.

Floridienne Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Floridienne
Historical stock prices
Current Share Price€724.00
52 Week High€870.00
52 Week Low€640.00
Beta0.59
1 Month Change-9.50%
3 Month Change-13.81%
1 Year Change9.70%
3 Year Change291.35%
5 Year Change306.26%
Change since IPO1,677.29%

Recent News & Updates

Sep 23
Floridienne (EBR:FLOB) Is Looking To Continue Growing Its Returns On Capital

Floridienne (EBR:FLOB) Is Looking To Continue Growing Its Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...

Jun 23
Floridienne (EBR:FLOB) Seems To Use Debt Quite Sensibly

Floridienne (EBR:FLOB) Seems To Use Debt Quite Sensibly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

May 20
Floridienne (EBR:FLOB) Shareholders Will Want The ROCE Trajectory To Continue

Floridienne (EBR:FLOB) Shareholders Will Want The ROCE Trajectory To Continue

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...

Shareholder Returns

FLOBBE FoodBE Market
7D-8.4%-6.7%-4.2%
1Y9.7%-6.7%-14.7%

Return vs Industry: FLOB exceeded the Belgian Food industry which returned -6.7% over the past year.

Return vs Market: FLOB exceeded the Belgian Market which returned -14.7% over the past year.

Price Volatility

Is FLOB's price volatile compared to industry and market?
FLOB volatility
FLOB Average Weekly Movement3.7%
Food Industry Average Movement3.5%
Market Average Movement4.7%
10% most volatile stocks in BE Market7.8%
10% least volatile stocks in BE Market2.7%

Stable Share Price: FLOB is not significantly more volatile than the rest of Belgian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: FLOB's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18982,741Gaetan Waucquezhttps://www.floridienne.be

Floridienne S.A., through its subsidiaries, operates in the chemicals, gourmet food, and life sciences sectors in Belgium and internationally. Its Chemicals division offers plastic additives that are used for stabilizing PVC and fireproofing plastics; and recycles nickel/cadmium, nickel-metal hybrid, and lithium-ion rechargeable batteries, as well as zinc salts for galvanization. This division is also involved in the formulation and production of calcium/zinc-based and organic stabilizers.

Floridienne Fundamentals Summary

How do Floridienne's earnings and revenue compare to its market cap?
FLOB fundamental statistics
Market Cap€709.15m
Earnings (TTM)€13.17m
Revenue (TTM)€355.98m

53.8x

P/E Ratio

2.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FLOB income statement (TTM)
Revenue€355.98m
Cost of Revenue€161.69m
Gross Profit€194.28m
Other Expenses€181.11m
Earnings€13.17m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Sep 30, 2022

Earnings per share (EPS)13.45
Gross Margin54.58%
Net Profit Margin3.70%
Debt/Equity Ratio89.7%

How did FLOB perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

19%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is FLOB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FLOB?

Other financial metrics that can be useful for relative valuation.

FLOB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.4x
Enterprise Value/EBITDA19.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does FLOB's PE Ratio compare to its peers?

FLOB PE Ratio vs Peers
The above table shows the PE ratio for FLOB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average30.2x
GREEN Greenyard
23.4x33.7%€374.3m
TERB Ter Beke
24.7x108.8%€176.3m
LOTB Lotus Bakeries
44.2x11.6%€4.2b
MIKO Miko
28.4xn/a€116.5m
FLOB Floridienne
53.8xn/a€709.2m

Price-To-Earnings vs Peers: FLOB is expensive based on its Price-To-Earnings Ratio (53.8x) compared to the peer average (30.2x).


Price to Earnings Ratio vs Industry

How does FLOB's PE Ratio compare vs other companies in the European Food Industry?

Price-To-Earnings vs Industry: FLOB is expensive based on its Price-To-Earnings Ratio (53.8x) compared to the European Food industry average (15.8x)


Price to Earnings Ratio vs Fair Ratio

What is FLOB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FLOB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio53.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FLOB's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of FLOB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FLOB (€724) is trading above our estimate of fair value (€154.22)

Significantly Below Fair Value: FLOB is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Floridienne forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


7.1%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Floridienne has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Check out Floridienne's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  • Floridienne competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Floridienne performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


8.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FLOB has high quality earnings.

Growing Profit Margin: FLOB's current net profit margins (3.7%) are higher than last year (1.1%).


Past Earnings Growth Analysis

Earnings Trend: FLOB's earnings have grown by 8.9% per year over the past 5 years.

Accelerating Growth: FLOB's earnings growth over the past year (208.3%) exceeds its 5-year average (8.9% per year).

Earnings vs Industry: FLOB earnings growth over the past year (208.3%) exceeded the Food industry 95.6%.


Return on Equity

High ROE: FLOB's Return on Equity (10.8%) is considered low.


Discover strong past performing companies

Financial Health

How is Floridienne's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FLOB's short term assets (€196.0M) exceed its short term liabilities (€101.7M).

Long Term Liabilities: FLOB's short term assets (€196.0M) exceed its long term liabilities (€143.8M).


Debt to Equity History and Analysis

Debt Level: FLOB's net debt to equity ratio (58.9%) is considered high.

Reducing Debt: FLOB's debt to equity ratio has increased from 73.5% to 89.7% over the past 5 years.

Debt Coverage: FLOB's debt is not well covered by operating cash flow (16.6%).

Interest Coverage: FLOB's interest payments on its debt are well covered by EBIT (6.2x coverage).


Balance Sheet


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Dividend

What is Floridienne current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.34%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: FLOB's dividend (0.35%) isn’t notable compared to the bottom 25% of dividend payers in the Belgian market (2.1%).

High Dividend: FLOB's dividend (0.35%) is low compared to the top 25% of dividend payers in the Belgian market (6.85%).


Stability and Growth of Payments

Stable Dividend: FLOB is not paying a notable dividend for the Belgian market, therefore no need to check if payments are stable.

Growing Dividend: FLOB is not paying a notable dividend for the Belgian market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: FLOB is not paying a notable dividend for the Belgian market.


Cash Payout to Shareholders

Cash Flow Coverage: FLOB is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

€623k

CEO Compensation


CEO

Gaetan Waucquez

5.42yrs

Tenure

€622,714

Compensation

Mr. Gaëtan Waucquez serves as Director at Banque Degroof Petercam SA since January 13, 2021. He has been Member of Management Board of Floridienne S.A.. Mr. Waucquez served as Managing Director and General...


CEO Compensation Analysis

Compensation vs Market: Gaetan's total compensation ($USD605.46K) is about average for companies of similar size in the Belgian market ($USD653.93K).

Compensation vs Earnings: Gaetan's compensation has increased by more than 20% in the past year.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 9 shareholders own 81.21% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
40.02%
Beluflo Sa
392,004€283.8m0%no data
16.99%
Philippe de Spoelberch
166,428€120.5m0%no data
9.27%
Marinvest Sa
90,800€65.7m0%no data
8.59%
SociÉTé RÉGionale D'investissement De Wallonie Sa
84,176€60.9m0%77.85%
2.34%
Gaetan Waucquez
22,928€16.6m0%no data
1.84%
Finatco N.V.
18,000€13.0m0%no data
1.44%
Sigeco Sa
14,150€10.2m0%no data
0.41%
Discover Capital GmbH
4,000€2.9m0%2.21%
0.31%
Axxion S.A.
3,000€2.2m0%0.89%

Company Information

Floridienne S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Floridienne S.A.
  • Ticker: FLOB
  • Exchange: ENXTBR
  • Founded: 1898
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: €709.154m
  • Shares outstanding: 979.49k
  • Website: https://www.floridienne.be

Number of Employees


Location

  • Floridienne S.A.
  • Building P
  • Drève Richelle 161
  • Waterloo
  • Walloon Brabant
  • 1410
  • Belgium


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FLOBENXTBR (Euronext Brussels)YesRegistered SharesBEEURJan 1992
0NXALSE (London Stock Exchange)YesRegistered SharesGBEURJan 1992
FLOBBBATS-CHIXE (BATS 'Chi-X Europe')YesRegistered SharesGBEURJan 1992

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/24 00:00
End of Day Share Price2022/09/23 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.