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Lotus Bakeries

ENXTBR:LOTB
Snowflake Description

Proven track record second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LOTB
ENXTBR
€2B
Market Cap
  1. Home
  2. BE
  3. Food, Beverage & Tobacco
Company description

Lotus Bakeries NV provides various snack products in Belgium, France, Sweden, the Netherlands, France, the United Kingdom, and internationally. The last earnings update was 100 days ago. More info.


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LOTB Share Price and Events
7 Day Returns
-0.4%
ENXTBR:LOTB
-2.6%
BE Food
-0.7%
BE Market
1 Year Returns
-3.7%
ENXTBR:LOTB
-18.9%
BE Food
-7.7%
BE Market
LOTB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lotus Bakeries (LOTB) -0.4% -4.9% -1.3% -3.7% 36.5% 149.9%
BE Food -2.6% -4.7% -5.6% -18.9% 4.3% 67.7%
BE Market -0.7% 2.7% -3.3% -7.7% -12% 5%
1 Year Return vs Industry and Market
  • LOTB outperformed the Food industry which returned -18.9% over the past year.
  • LOTB outperformed the Market in Belgium which returned -7.7% over the past year.
Price Volatility
LOTB
Industry
5yr Volatility vs Market
Related Companies

LOTB Value

 Is Lotus Bakeries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Lotus Bakeries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Lotus Bakeries.

ENXTBR:LOTB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.2%
Perpetual Growth Rate 10-Year BE Government Bond Rate 0.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTBR:LOTB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year BE Govt Bond Rate 0.8%
Equity Risk Premium S&P Global 6.8%
Food Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.565 (1 + (1- 29%) (8.28%))
0.731
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.77% + (0.8 * 6.8%)
6.21%

Discounted Cash Flow Calculation for ENXTBR:LOTB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Lotus Bakeries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ENXTBR:LOTB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.21%)
2020 23.45 Est @ -20.2% 22.08
2021 20.19 Est @ -13.91% 17.90
2022 18.27 Est @ -9.5% 15.25
2023 17.10 Est @ -6.42% 13.44
2024 16.37 Est @ -4.26% 12.11
2025 15.92 Est @ -2.75% 11.09
2026 15.65 Est @ -1.7% 10.26
2027 15.50 Est @ -0.96% 9.57
2028 15.43 Est @ -0.44% 8.97
2029 15.42 Est @ -0.08% 8.44
Present value of next 10 years cash flows €129.10
ENXTBR:LOTB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €15.42 × (1 + 0.77%) ÷ (6.21% – 0.77%)
€285.59
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €285.59 ÷ (1 + 6.21%)10
€156.35
ENXTBR:LOTB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €129.10 + €156.35
€285.45
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €285.45 / 0.81
€354.04
ENXTBR:LOTB Discount to Share Price
Calculation Result
Value per share (EUR) From above. €354.04
Current discount Discount to share price of €2,330.00
= -1 x (€2,330.00 - €354.04) / €354.04
-558.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Lotus Bakeries is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Lotus Bakeries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lotus Bakeries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTBR:LOTB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €83.23
ENXTBR:LOTB Share Price ** ENXTBR (2019-07-19) in EUR €2330
Belgium Food Industry PE Ratio Median Figure of 6 Publicly-Listed Food Companies 24.33x
Belgium Market PE Ratio Median Figure of 87 Publicly-Listed Companies 14.99x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Lotus Bakeries.

ENXTBR:LOTB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTBR:LOTB Share Price ÷ EPS (both in EUR)

= 2330 ÷ 83.23

27.99x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lotus Bakeries is overvalued based on earnings compared to the BE Food industry average.
  • Lotus Bakeries is overvalued based on earnings compared to the Belgium market.
Price based on expected Growth
Does Lotus Bakeries's expected growth come at a high price?
Raw Data
ENXTBR:LOTB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
6.5%per year
Europe Food Industry PEG Ratio Median Figure of 67 Publicly-Listed Food Companies 1.67x
Belgium Market PEG Ratio Median Figure of 40 Publicly-Listed Companies 1.85x

*Line of best fit is calculated by linear regression .

ENXTBR:LOTB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 27.99x ÷ 6.5%

4.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lotus Bakeries is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Lotus Bakeries's assets?
Raw Data
ENXTBR:LOTB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €430.36
ENXTBR:LOTB Share Price * ENXTBR (2019-07-19) in EUR €2330
Belgium Food Industry PB Ratio Median Figure of 7 Publicly-Listed Food Companies 1.53x
Belgium Market PB Ratio Median Figure of 119 Publicly-Listed Companies 1.56x
ENXTBR:LOTB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTBR:LOTB Share Price ÷ Book Value per Share (both in EUR)

= 2330 ÷ 430.36

5.41x

* Primary Listing of Lotus Bakeries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lotus Bakeries is overvalued based on assets compared to the BE Food industry average.
X
Value checks
We assess Lotus Bakeries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. Lotus Bakeries has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

LOTB Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lotus Bakeries expected to grow at an attractive rate?
  • Lotus Bakeries's earnings growth is expected to exceed the low risk savings rate of 0.8%.
Growth vs Market Checks
  • Lotus Bakeries's earnings growth is positive but not above the Belgium market average.
  • Lotus Bakeries's revenue growth is expected to exceed the Belgium market average.
Annual Growth Rates Comparison
Raw Data
ENXTBR:LOTB Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTBR:LOTB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 6.5%
ENXTBR:LOTB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 6.2%
Belgium Food Industry Earnings Growth Rate Market Cap Weighted Average 12.1%
Belgium Food Industry Revenue Growth Rate Market Cap Weighted Average 6%
Belgium Market Earnings Growth Rate Market Cap Weighted Average 8.2%
Belgium Market Revenue Growth Rate Market Cap Weighted Average 3.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTBR:LOTB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTBR:LOTB Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 665 83 1
2020-12-31 640 78 2
2019-12-31 596 76 2
ENXTBR:LOTB Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 556 67 67
2018-09-30 545 64 66
2018-06-30 533 61 66
2018-03-31 528 68 65
2017-12-31 524 75 64
2017-09-30 517 84 63
2017-06-30 510 92 62
2017-03-31 508 105 62
2016-12-31 507 118 61
2016-09-30 490 98 58
2016-06-30 472 78 54
2016-03-31 442 63 50

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lotus Bakeries's earnings are expected to grow by 6.5% yearly, however this is not considered high growth (20% yearly).
  • Lotus Bakeries's revenue is expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTBR:LOTB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Lotus Bakeries Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTBR:LOTB Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 101.80 101.80 101.80 1.00
2020-12-31 95.65 95.65 95.65 1.00
2019-12-31 89.64 89.64 89.64 1.00
ENXTBR:LOTB Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 83.23
2018-09-30 82.69
2018-06-30 82.15
2018-03-31 80.82
2017-12-31 79.48
2017-09-30 78.94
2017-06-30 78.40
2017-03-31 77.81
2016-12-31 77.22
2016-09-30 72.81
2016-06-30 68.40
2016-03-31 63.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Lotus Bakeries is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Lotus Bakeries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Belgium market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Belgium market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Lotus Bakeries has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

LOTB Past Performance

  How has Lotus Bakeries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Lotus Bakeries's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Lotus Bakeries's year on year earnings growth rate has been positive over the past 5 years.
  • Lotus Bakeries's 1-year earnings growth is less than its 5-year average (5.3% vs 17.1%)
  • Lotus Bakeries's earnings growth has exceeded the BE Food industry average in the past year (5.3% vs -6.4%).
Earnings and Revenue History
Lotus Bakeries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Lotus Bakeries Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTBR:LOTB Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 556.44 66.91 111.98
2018-09-30 544.56 66.37 110.16
2018-06-30 532.69 65.84 108.35
2018-03-31 528.37 64.69 106.97
2017-12-31 524.06 63.54 105.58
2017-09-30 516.88 62.99 104.26
2017-06-30 509.70 62.43 102.93
2017-03-31 508.45 61.84 102.29
2016-12-31 507.21 61.25 101.64
2016-09-30 489.80 57.66 98.88
2016-06-30 472.39 54.08 96.12
2016-03-31 441.98 49.75 92.32
2015-12-31 411.58 45.41 88.53
2015-09-30 393.62 43.83 85.73
2015-06-30 375.66 42.25 82.94
2015-03-31 361.77 39.51 80.91
2014-12-31 347.89 36.78 78.89
2014-09-30 344.12 33.66 78.65
2014-06-30 340.35 30.54 78.41
2014-03-31 336.33 29.23 78.66
2013-12-31 332.32 27.92 78.90
2013-09-30 320.60 27.16 76.76
2013-06-30 308.87 26.40 74.62
2013-03-31 298.66 26.07 72.30
2012-12-31 288.46 25.74 69.97
2012-09-30 284.92 25.53 69.46

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Lotus Bakeries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Lotus Bakeries used its assets more efficiently than the BE Food industry average last year based on Return on Assets.
  • Lotus Bakeries has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Lotus Bakeries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Lotus Bakeries has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

LOTB Health

 How is Lotus Bakeries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Lotus Bakeries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lotus Bakeries's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Lotus Bakeries's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Lotus Bakeries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Lotus Bakeries Company Filings, last reported 6 months ago.

ENXTBR:LOTB Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 346.93 155.47 45.60
2018-09-30 346.93 155.47 45.60
2018-06-30 313.75 120.64 37.66
2018-03-31 313.75 120.64 37.66
2017-12-31 293.21 121.22 48.13
2017-09-30 293.21 121.22 48.13
2017-06-30 267.19 124.65 28.00
2017-03-31 267.19 124.65 28.00
2016-12-31 248.46 129.46 19.93
2016-09-30 248.46 129.46 19.93
2016-06-30 219.51 169.24 21.99
2016-03-31 219.51 169.24 21.99
2015-12-31 217.53 196.96 18.55
2015-09-30 217.53 196.96 18.55
2015-06-30 211.81 42.91 8.48
2015-03-31 211.81 42.91 8.48
2014-12-31 200.63 41.48 11.86
2014-09-30 200.63 41.48 11.86
2014-06-30 180.90 65.53 8.84
2014-03-31 180.90 65.53 8.84
2013-12-31 171.38 70.33 11.93
2013-09-30 171.38 70.33 11.93
2013-06-30 155.57 81.10 8.60
2013-03-31 155.57 81.10 8.60
2012-12-31 145.21 42.17 6.45
2012-09-30 145.21 42.17 6.45
  • Lotus Bakeries's level of debt (44.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (41% vs 44.8% today).
  • Debt is well covered by operating cash flow (43%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 39x coverage).
X
Financial health checks
We assess Lotus Bakeries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Lotus Bakeries has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

LOTB Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.24%
Current annual income from Lotus Bakeries dividends. Estimated to be 1.43% next year.
If you bought €2,000 of Lotus Bakeries shares you are expected to receive €25 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Lotus Bakeries's pays a lower dividend yield than the bottom 25% of dividend payers in Belgium (2.36%).
  • Lotus Bakeries's dividend is below the markets top 25% of dividend payers in Belgium (4.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTBR:LOTB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Belgium Food Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.4%
Belgium Market Average Dividend Yield Market Cap Weighted Average of 77 Stocks 3.6%
Belgium Minimum Threshold Dividend Yield 10th Percentile 1.2%
Belgium Bottom 25% Dividend Yield 25th Percentile 2.4%
Belgium Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTBR:LOTB Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 35.48 1.00
2020-12-31 33.33 1.00
2019-12-31 31.23 1.00
ENXTBR:LOTB Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-11 29.000 1.227
2019-04-10 29.000 1.226
2018-05-15 19.500 0.817
2017-05-12 16.200 0.713
2016-02-12 14.200 0.691
2015-05-08 12.400 0.819
2014-05-12 10.800 1.094
2013-02-12 9.800 1.414
2012-08-27 9.400 1.699
2012-05-11 9.400 1.870
2011-05-13 6.600 1.588
2011-03-01 8.800 2.181
2011-01-17 8.800 2.197
2010-02-15 7.800 2.092
2009-03-02 6.800 2.280
2009-02-13 5.100 1.998

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Lotus Bakeries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
X
Income/ dividend checks
We assess Lotus Bakeries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Lotus Bakeries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lotus Bakeries has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LOTB Management

 What is the CEO of Lotus Bakeries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jan Marcel Matthieu Boone
COMPENSATION €0
AGE 48
TENURE AS CEO 8.5 years
CEO Bio

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 Corporate Services at Lotus Bakeries NV. Prior to joining Lotus Bakeries in May 2005, he served as the Head of Corporate Controlling at Omega Pharma NV, which he joined in 2000. From 1996 to 2000, he worked for the audit department of PricewaterhouseCoopers LLP. He serves as Chairman of Omega Pharma NV. He serves as Non-Executive Chairman of Animalcare Group plc since July 13, 2017. Mr. Boone has been a Non-Executive Director of Omega Pharma NV since March 1, 2012. He serves as a Director of Omega Pharma Invest NV. He serves as non-executive director of Club Brugge. He serves as a Non-Executive Director of Durabrik Bouwbedrijven NV and Baby’s Choice. He has been a Director of Lotus Bakeries NV since May 13, 2011. He serves as a Member of Other Committee at Bencis Capital Partners B.V. Mr. Boone holds a Licentiate Degree in Applied Economics from the University of Leuven, as well as a Special Licentiate in Révisorat from the University of Mons.

CEO Compensation
  • Insufficient data for Jan Marcel Matthieu to compare compensation growth.
  • Jan Marcel Matthieu's remuneration is lower than average for companies of similar size in Belgium.
Management Team Tenure

Average tenure of the Lotus Bakeries management team in years:

2.7
Average Tenure
  • The tenure for the Lotus Bakeries management team is about average.
Management Team

Jan Vander Stichele

TITLE
Chairman of the Board
AGE
55

Jan Marcel Matthieu Boone

TITLE
CEO, MD & Executive Director
AGE
48
TENURE
8.5 yrs

Mike Cuvelier

TITLE
Chief Financial Officer
TENURE
1.8 yrs

Ignace Heyman

TITLE
Chief Operating Officer
TENURE
3.5 yrs

Isabelle Maes

TITLE
Chief Executive Officer of Natural Foods
TENURE
1.8 yrs

Brechtje Haan

TITLE
General Counsel & Secretary

Jamila Xiao

TITLE
Sales Director & Acting Country Manager of China

Katia Dobbelaere

TITLE
Head of Corporate Human Resources Department

Dirk Verstraeten

TITLE
Head of Central Engineering

Eddy Thijs

TITLE
Head of Technical Services - Belgium
Board of Directors Tenure

Average tenure and age of the Lotus Bakeries board of directors in years:

8.5
Average Tenure
50.5
Average Age
  • The tenure for the Lotus Bakeries board of directors is about average.
Board of Directors

Jan Marcel Matthieu Boone

TITLE
CEO, MD & Executive Director
AGE
48
TENURE
14.2 yrs

Sabine Sagaert

TITLE
Independent Director
AGE
53
TENURE
8.5 yrs

Jan Vander Stichele

TITLE
Chairman of the Board
AGE
55

Michel Moortgat

TITLE
Independent Director
TENURE
1.2 yrs

Anton Stevens

TITLE
Non-Executive Director
AGE
42
TENURE
17.2 yrs

Johan Boone

TITLE
Non-Executive Director
AGE
67
TENURE
23.5 yrs

Benoit Graulich

TITLE
Independent Director
AGE
54
TENURE
10.2 yrs

Benedikte Boone

TITLE
Non-Executive Director
AGE
48
TENURE
7.2 yrs

Sofie Boone

TITLE
Non-Executive Director
AGE
46
TENURE
3.5 yrs

Peter Bossaert

TITLE
Independent Director
TENURE
2.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Lotus Bakeries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Lotus Bakeries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

LOTB News

Simply Wall St News

Does Lotus Bakeries NV (EBR:LOTB) Have A Place In Your Dividend Portfolio?

Could Lotus Bakeries NV (EBR:LOTB) be an attractive dividend share to own for the long haul? … Lotus Bakeries has been paying dividends for a long time, but for the purpose of this analysis, we only examine the past 10 years of payments. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Lotus Bakeries has grown its earnings per share at 18% per annum over the past five years. Earnings per share have been growing at a good rate, and the company is paying less than half its earnings as dividends. We generally think this is an attractive combination, as it permits further reinvestment in the business. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

Is Lotus Bakeries NV’s (EBR:LOTB) 17% ROCE Any Good?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Lotus Bakeries: 0.17 = €95m ÷ (€712m - €167m) (Based on the trailing twelve months to December 2018.) So, Lotus Bakeries has an ROCE of 17%. … Do Lotus Bakeries's Current Liabilities Skew Its ROCE? … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

What You Must Know About Lotus Bakeries NV's (EBR:LOTB) Financial Strength

See our latest analysis for Lotus Bakeries LOTB’s Debt (And Cash Flows) LOTB has built up its total debt levels in the last twelve months, from €121m to €155m , which accounts for long term debt. … On top of this, LOTB has produced €67m in operating cash flow over the same time period, leading to an operating cash to total debt ratio of 43%, signalling that LOTB’s operating cash is sufficient to cover its debt. … Next Steps: LOTB’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

Shareholders Are Thrilled That The Lotus Bakeries (EBR:LOTB) Share Price Increased 170%

While Lotus Bakeries NV (EBR:LOTB) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 11% in the last quarter. … During five years of share price growth, Lotus Bakeries achieved compound earnings per share (EPS) growth of 18% per year. … So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return.

Simply Wall St -

Lotus Bakeries NV (EBR:LOTB)'s Earnings Grew 5.3%, Is It Enough?

Check out our latest analysis for Lotus Bakeries Did LOTB's recent earnings growth beat the long-term trend and the industry? … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 17%, indicating the rate at which LOTB is growing has slowed down. … I suggest you continue to research Lotus Bakeries to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for LOTB’s future growth?

Simply Wall St -

Here's What Lotus Bakeries NV's (EBR:LOTB) P/E Is Telling Us

We'll show how you can use Lotus Bakeries NV's (EBR:LOTB) P/E ratio to inform your assessment of the investment opportunity. … What is Lotus Bakeries's P/E ratio? … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

What Are Analysts Saying About Lotus Bakeries NV's (EBR:LOTB) Growth?

As Lotus Bakeries NV (EBR:LOTB) released its earnings announcement on 31 December 2018, … as a 13% rise in profits is expected in the upcoming year, … the higher past 5-year average growth rate of 17%.

Simply Wall St -

What Can We Make Of Lotus Bakeries NV’s (EBR:LOTB) High Return On Capital?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … How Do You Calculate Return On Capital Employed

Simply Wall St -

Boasting A 20% Return On Equity, Is Lotus Bakeries NV (EBR:LOTB) A Top Quality Stock?

Lotus Bakeries has a ROE of 20%, based on the last twelve months. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.20 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Do Analysts See Lotus Bakeries NV (EBR:LOTB) Performing In The Years Ahead?

Lotus Bakeries NV's (EBR:LOTB) released its most recent earnings update in December 2018, whicha

Simply Wall St -

LOTB Company Info

Description

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.

Details
Name: Lotus Bakeries NV
LOTB
Exchange: ENXTBR
Founded: 1932
€1,878,616,090
806,273
Website: http://www.lotusbakeries.com
Address: Lotus Bakeries NV
Gentstraat 1,
Lembeke,
East Flanders, 9971,
Belgium
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTBR LOTB Bearer Shares Euronext Brussels BE EUR 02. Jan 1992
LSE 0F4O Bearer Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE LOTBB Bearer Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
1,604
Lotus Bakeries employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 20:50
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/06/25
Last earnings filing: 2019/04/10
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.