ENXTBR:LOTB

Stock Analysis Report

Executive Summary

Lotus Bakeries NV provides various snack products in Belgium, France, Sweden, the Netherlands, France, the United Kingdom, and internationally.


Snowflake Analysis

Proven track record with mediocre balance sheet.


Similar Companies

Share Price & News

How has Lotus Bakeries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LOTB has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.6%

LOTB

-4.5%

BE Food

-4.9%

BE Market


1 Year Return

16.1%

LOTB

8.0%

BE Food

4.6%

BE Market

Return vs Industry: LOTB exceeded the Belgian Food industry which returned 8% over the past year.

Return vs Market: LOTB exceeded the Belgian Market which returned 4.6% over the past year.


Shareholder returns

LOTBIndustryMarket
7 Day-2.6%-4.5%-4.9%
30 Day8.0%0.6%-4.3%
90 Day14.3%7.7%-3.3%
1 Year17.1%16.1%9.0%8.0%6.7%4.6%
3 Year28.4%26.0%-4.0%-7.0%-7.5%-13.6%
5 Year150.9%142.7%91.5%80.9%-6.4%-17.3%

Price Volatility Vs. Market

How volatile is Lotus Bakeries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

31.91x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: LOTB (€2850) is trading above our estimate of fair value (€1018.46)

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


Price To Earnings Ratio

PE vs Industry: LOTB is poor value based on its PE Ratio (30.7x) compared to the Food industry average (22.7x).

PE vs Market: LOTB is poor value based on its PE Ratio (30.7x) compared to the Belgian market (16.7x).


Price to Earnings Growth Ratio

PEG Ratio: LOTB is poor value based on its PEG Ratio (6.2x)


Price to Book Ratio

PB vs Industry: LOTB is overvalued based on its PB Ratio (5.7x) compared to the BE Food industry average (1.4x).


Next Steps

Future Growth

How is Lotus Bakeries forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

5.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LOTB's forecast earnings growth (5% per year) is above the savings rate (0.7%).

Earnings vs Market: LOTB's earnings (5% per year) are forecast to grow slower than the Belgian market (8.7% per year).

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

Revenue vs Market: LOTB's revenue (4.6% per year) is forecast to grow faster than the Belgian market (2.8% per year).

High Growth Revenue: LOTB's revenue (4.6% 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 (17%).


Next Steps

Past Performance

How has Lotus Bakeries performed over the past 5 years?

11.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LOTB has high quality earnings.

Growing Profit Margin: LOTB's current net profit margins (12.2%) are higher than last year (12%).


Past Earnings Growth Analysis

Earnings Trend: LOTB's earnings have grown by 11.9% per year over the past 5 years.

Accelerating Growth: LOTB's earnings growth over the past year (12%) exceeds its 5-year average (11.9% per year).

Earnings vs Industry: LOTB earnings growth over the past year (12%) underperformed the Food industry 12%.


Return on Equity

High ROE: LOTB's Return on Equity (18.8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Lotus Bakeries's financial position?


Financial Position Analysis

Short Term Liabilities: LOTB's short term assets (€171.5M) exceed its short term liabilities (€170.6M).

Long Term Liabilities: LOTB's short term assets (€171.5M) do not cover its long term liabilities (€239.6M).


Debt to Equity History and Analysis

Debt Level: LOTB's debt to equity ratio (48.9%) is considered high.

Reducing Debt: LOTB's debt to equity ratio has increased from 20.7% to 48.9% over the past 5 years.

Debt Coverage: LOTB's debt is well covered by operating cash flow (39.8%).

Interest Coverage: LOTB's interest payments on its debt are well covered by EBIT (23.1x coverage).


Balance Sheet

Inventory Level: LOTB has a high level of physical assets or inventory.

Debt Coverage by Assets: LOTB's debt is not covered by short term assets (assets are 0.9x debt).


Next Steps

Dividend

What is Lotus Bakeries's current dividend yield, its reliability and sustainability?

1.08%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Lotus Bakeries before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company1.1%marketbottom25%2.2%markettop25%4.4%industryaverage2.5%forecastin3Years1.2%

Current dividend yield vs market & industry

Notable Dividend: LOTB's dividend (1.12%) isn’t notable compared to the bottom 25% of dividend payers in the Belgian market (2.15%).

High Dividend: LOTB's dividend (1.12%) is low compared to the top 25% of dividend payers in the Belgian market (4.39%).


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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of LOTB's dividend in 3 years as they are not forecast to pay a notable one for the Belgian market.


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Jan Marcel Matthieu Boone (48yo)

9.1yrs

Tenure

0

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 ($USD0.00) is below average for companies of similar size in the Belgian market ($USD741.34K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jan Vander Stichele
Chairman of the Board0yrsno datano data
Jan Marcel Matthieu Boone
CEO, MD & Executive Director9.1yrsno datano data
Mike Cuvelier
Chief Financial Officer2.4yrsno datano data
Ignace Heyman
Chief Operating Officer4.1yrsno datano data
Isabelle Maes
Chief Executive Officer of Natural Foods2.4yrsno datano data
Brechtje Haan
General Counsel & Secretary0yrsno datano data
Jamila Xiao
Sales Director & Acting Country Manager of China0yrsno datano data
Katia Dobbelaere
Head of Corporate Human Resources Department0yrsno datano data
Dirk Verstraeten
Head of Central Engineering0yrsno datano data
Eddy Thijs
Head of Technical Services - Belgium0yrsno datano data

3.3yrs

Average Tenure

Experienced Management: LOTB's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jan Vander Stichele
Chairman of the Board0yrsno datano data
Jan Marcel Matthieu Boone
CEO, MD & Executive Director9.1yrsno datano data
Anton Stevens
Non-Executive Director17.8yrsno datano data
Johan Boone
Non-Executive Director24.1yrsno datano data
Michel Moortgat
Independent Director1.8yrsno datano data
Benoit Graulich
Independent Director10.8yrsno datano data
Sabine Sagaert
Independent Director9.1yrsno datano data
Benedikte Boone
Non-Executive Director7.8yrsno datano data
Sofie Boone
Non-Executive Director4.1yrsno datano data
Peter Bossaert
Independent Director3.1yrsno datano data

9.1yrs

Average Tenure

50.5yo

Average Age

Experienced Board: LOTB's board of directors are considered experienced (9.1 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.


Top Shareholders

Company Information

Lotus Bakeries NV's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Lotus Bakeries NV
  • Ticker: LOTB
  • Exchange: ENXTBR
  • Founded: 1932
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €2.387b
  • Shares outstanding: 806.33k
  • Website: https://www.lotusbakeries.com

Number of Employees


Location

  • Lotus Bakeries NV
  • Gentstraat 1
  • Lembeke
  • East Flanders
  • 9971
  • Belgium

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LOTBENXTBR (Euronext Brussels)YesBearer SharesBEEURJan 1992
0F4OLSE (London Stock Exchange)YesBearer SharesGBEURJan 1992
LOTBBBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJan 1992

Biography

Lotus Bakeries NV provides various snack products in Belgium, France, Sweden, the Netherlands, France, the United Kingdom, and internationally. The company offers biscuits and cakes, including caramelized biscuits, gingerbreads, cake specialties, waffles, and pepparkakor biscuits. It also provides energy bars and flapjacks, healthy snacks and breakfast cereals, ice creams, and caramelized biscuit spreads. The company sells its products under the Lotus, Biscoff, Dinosaurus, Suzy, Peijnenburg, Snelle Jelle, Annas, Nakd, Trek, BEAR, hero, Kiddylicious, and Urban Fruit brands. Lotus Bakeries NV was founded in 1932 and is headquartered in Lembeke, Belgium. Lotus Bakeries NV is a subsidiary of Stichting Administratiekantoor van Aandelen Lotus Bakeries. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 20:48
End of Day Share Price2020/02/25 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.