Lotus Bakeries (ENXTBR:LOTB) - Share price, News & Analysis

LOTB fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	2/6
Past Performance	3/6
Financial Health	6/6
Dividends	0/6

LOTB Stock Overview

Lotus Bakeries NV provides various snack products in Belgium and internationally.

Rewards

Trading at 19.8% below our estimate of its fair value

Earnings are forecast to grow 11.82% per year

Earnings have grown 8.9% per year over the past 5 years

Risk Analysis

No risks detected for LOTB from our risk checks.

Lotus Bakeries Competitors

Unilever

LSE:ULVR

UK£90.7b

Ebro Foods

BME:EBRO

€2.5b

Cranswick

LSE:CWK

UK£1.7b

Corbion

ENXTAM:CRBN

€1.9b

Price History & Performance

Summary of all time highs, changes and price drops for Lotus Bakeries
Historical stock prices
Current Share Price	€4,575.00
52 Week High	€6,080.00
52 Week Low	€4,455.00
Beta	0.28
1 Month Change	-10.12%
3 Month Change	-10.99%
1 Year Change	-1.72%
3 Year Change	95.51%
5 Year Change	86.89%
Change since IPO	8,991.62%

Recent News & Updates

May 14

Estimating The Intrinsic Value Of Lotus Bakeries NV (EBR:LOTB)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Lotus Bakeries NV...

Apr 29

Investors Met With Slowing Returns on Capital At Lotus Bakeries (EBR:LOTB)

What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...

Shareholder Returns

	LOTB	BE Food	BE Market
7D	-3.6%	-2.2%	-2.3%
1Y	-1.7%	6.6%	-3.9%

Return vs Industry: LOTB underperformed the Belgian Food industry which returned 6.6% over the past year.

Return vs Market: LOTB exceeded the Belgian Market which returned -3.9% over the past year.

Price Volatility

Is LOTB's price volatile compared to industry and market?
LOTB volatility
LOTB Average Weekly Movement	4.4%
Food Industry Average Movement	4.7%
Market Average Movement	4.9%
10% most volatile stocks in BE Market	7.7%
10% least volatile stocks in BE Market	2.9%

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

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

About the Company

Founded	Employees	CEO	Website
1932	2,398	Jan Marcel Matthieu Boone	https://www.lotusbakeries.com

Lotus Bakeries NV provides various snack products in Belgium and internationally. The company offers biscuits and cakes, including caramelized cookies, gingerbreads, cake specialties, waffles, and pepparkakor biscuits. It also provides energy bars, protein flapjacks, protein nut bars, healthy snacks, butter specialties, ice creams, and caramelized cookies spreads.

Lotus Bakeries Fundamentals Summary

How do Lotus Bakeries's earnings and revenue compare to its market cap?
LOTB fundamental statistics
Market Cap	€3.71b
Earnings (TTM)	€90.77m
Revenue (TTM)	€750.25m

40.9x

P/E Ratio

5.0x

P/S Ratio

Is LOTB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
LOTB income statement (TTM)
Revenue	€750.25m
Cost of Revenue	€446.23m
Gross Profit	€304.02m
Other Expenses	€213.25m
Earnings	€90.77m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 12, 2022

Earnings per share (EPS)	111.80
Gross Margin	40.52%
Net Profit Margin	12.10%
Debt/Equity Ratio	43.1%

How did LOTB perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

36%

Payout Ratio

Valuation

Is Lotus Bakeries undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

19.8%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: LOTB (€4575) is trading below our estimate of fair value (€5703.85)

Significantly Below Fair Value: LOTB is trading below fair value, but not by a significant amount.

Price To Earnings Ratio

PE vs Industry: LOTB's Price-To-Earnings Ratio (40.9x) is in line with the Belgian Food industry average.

PE vs Market: LOTB is poor value based on its Price-To-Earnings Ratio (40.9x) compared to the Belgian market (11.6x).

Price to Earnings Growth Ratio

PEG Ratio: LOTB is poor value based on its PEG Ratio (3.5x)

Price to Book Ratio

PB vs Industry: LOTB is overvalued based on its Price-To-Book Ratio (7.1x) compared to the BE Food industry average (0.9x).

Future Growth

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

Future Growth Score

2/6

Future Growth Score 2/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

11.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: LOTB's forecast earnings growth (11.8% per year) is above the savings rate (1.1%).

Earnings vs Market: LOTB's earnings (11.8% per year) are forecast to grow slower than the Belgian market (15.5% per year).

High Growth Earnings: LOTB's earnings are forecast to grow, but not significantly.

Revenue vs Market: LOTB's revenue (7.9% per year) is forecast to grow faster than the Belgian market (1.1% per year).

High Growth Revenue: LOTB's revenue (7.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: LOTB's Return on Equity is forecast to be low in 3 years time (18.7%).

Past Performance

How has Lotus Bakeries performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

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: LOTB has high quality earnings.

Growing Profit Margin: LOTB's current net profit margins (12.1%) are lower than last year (12.5%).

Past Earnings Growth Analysis

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

Accelerating Growth: LOTB's earnings growth over the past year (9.9%) exceeds its 5-year average (8.9% per year).

Earnings vs Industry: LOTB earnings growth over the past year (9.9%) underperformed the Food industry 13.9%.

Return on Equity

High ROE: LOTB's Return on Equity (17.5%) is considered low.

Financial Health

How is Lotus Bakeries's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: LOTB's short term assets (€302.0M) exceed its short term liabilities (€183.1M).

Long Term Liabilities: LOTB's short term assets (€302.0M) exceed its long term liabilities (€289.5M).

Debt to Equity History and Analysis

Debt Level: LOTB's net debt to equity ratio (17.7%) is considered satisfactory.

Reducing Debt: LOTB's debt to equity ratio has reduced from 52% to 43.1% over the past 5 years.

Debt Coverage: LOTB's debt is well covered by operating cash flow (49.1%).

Interest Coverage: LOTB's interest payments on its debt are well covered by EBIT (44.9x coverage).

Balance Sheet

Dividend

What is Lotus Bakeries's 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
Future Dividend Coverage

0.87%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: LOTB's dividend (0.87%) isn’t notable compared to the bottom 25% of dividend payers in the Belgian market (1.75%).

High Dividend: LOTB's dividend (0.87%) is low compared to the top 25% of dividend payers in the Belgian market (5.84%).

Stability and Growth of Payments

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

Growing Dividend: LOTB 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: LOTB is not paying a notable dividend for the Belgian market.

Cash Payout to Shareholders

Cash Flow Coverage: LOTB is not paying a notable dividend for the Belgian market.

Discover strong dividend paying companies

Management

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

5.5yrs

Average management tenure

CEO

Jan Marcel Matthieu Boone (50 yo)

11.33yrs

Tenure

€1,981,932

Compensation

Mr. Jan Marcel Matthieu Maria Boone serves as the Chief Executive Officer of Lotus Bakeries NV since 2011 and has been its Managing Director since May 2011. Mr. Boone served as a General Manager of Corpora...

CEO Compensation Analysis

Compensation vs Market: Jan Marcel Matthieu's total compensation ($USD2.13M) is above average for companies of similar size in the Belgian market ($USD1.11M).

Compensation vs Earnings: Jan Marcel Matthieu's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: LOTB's management team is seasoned and experienced (5.5 years average tenure).

Board Members

Experienced Board: LOTB's board of directors are seasoned and experienced ( 12.2 years average tenure).

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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/24 00:00
End of Day Share Price	2022/05/24 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31