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ONTE

Ontex Group ENXTBR:ONTEX Stock Report

Last Price

€5.42

Market Cap

€438.8m

7D

-1.2%

1Y

-39.8%

Updated

05 Oct, 2022

Data

Company Financials +
ONTEX fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance0/6
Financial Health2/6
Dividends0/6

ONTEX Stock Overview

Ontex Group NV provides personal hygiene solutions for baby, feminine, and adult care in Western Europe, Eastern Europe, the Americas, Mexico, the United Kingdom, Italy, France, and internationally.

Ontex Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ontex Group
Historical stock prices
Current Share Price€5.42
52 Week High€9.55
52 Week Low€5.25
Beta0.40
1 Month Change-4.83%
3 Month Change-25.34%
1 Year Change-39.78%
3 Year Change-64.44%
5 Year Change-81.82%
Change since IPO-71.47%

Recent News & Updates

Shareholder Returns

ONTEXBE Personal ProductsBE Market
7D-1.2%0.6%0.7%
1Y-39.8%-3.2%-13.7%

Return vs Industry: ONTEX underperformed the Belgian Personal Products industry which returned -3.9% over the past year.

Return vs Market: ONTEX underperformed the Belgian Market which returned -13.4% over the past year.

Price Volatility

Is ONTEX's price volatile compared to industry and market?
ONTEX volatility
ONTEX Average Weekly Movement7.8%
Personal Products Industry Average Movement4.6%
Market Average Movement5.0%
10% most volatile stocks in BE Market7.8%
10% least volatile stocks in BE Market3.0%

Stable Share Price: ONTEX is more volatile than 75% of Belgian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: ONTEX's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Belgian stocks.

About the Company

FoundedEmployeesCEOWebsite
19799,049Esther Berrozpe Galindohttps://ontex.com

Ontex Group NV provides personal hygiene solutions for baby, feminine, and adult care in Western Europe, Eastern Europe, the Americas, Mexico, the United Kingdom, Italy, France, and internationally. It offers baby care products, such as baby diapers and pants, and wet wipes under the Baby Pants, Bbtips, Bio Baby, Chicolastics, Canbebe, Cremer Disney, Helen Harper, Kiddies, Little Big Change, Moltex, Pom Pom, Sapeka, and Mônica brands; and feminine care products, including sanitary towels, panty liners, and tampons under the Fiore, Mia, NAT, Sincere, and Silhouette brand names. The company also provides adult incontinence products comprising adult pants and diapers, incontinence towels, and bed protection products under the A Lovely Day, Adultmax Maturidade, Affective, Bigfral, iD, Canped, Affective, Lille Healthcare, Kylie, Serenity, Orizon, and Moviment brands; and as produces and sells face masks.

Ontex Group Fundamentals Summary

How do Ontex Group's earnings and revenue compare to its market cap?
ONTEX fundamental statistics
Market Cap€438.84m
Earnings (TTM)-€168.90m
Revenue (TTM)€2.12b

0.2x

P/S Ratio

-2.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ONTEX income statement (TTM)
Revenue€2.12b
Cost of Revenue€1.64b
Gross Profit€479.50m
Other Expenses€648.40m
Earnings-€168.90m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 10, 2022

Earnings per share (EPS)-2.09
Gross Margin22.62%
Net Profit Margin-7.97%
Debt/Equity Ratio85.8%

How did ONTEX perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales 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 ONTEX?

Other financial metrics that can be useful for relative valuation.

ONTEX 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/Revenue0.6x
Enterprise Value/EBITDA12.3x
PEG Ration/a

Price to Sales Ratio vs Peers

How does ONTEX's PS Ratio compare to its peers?

ONTEX PS Ratio vs Peers
The above table shows the PS ratio for ONTEX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.9x
600439 Henan Rebecca Hair Products
1.9xn/aCN¥2.9b
1.9x11.3%NT$14.6b
4917 Mandom
1.1x6.4%JP¥67.0b
4137 Chlitina Holding
2.6x8.9%NT$12.4b
ONTEX Ontex Group
0.2x3.7%€438.8m

Price-To-Sales vs Peers: ONTEX is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (1.9x).


Price to Earnings Ratio vs Industry

How does ONTEX's PE Ratio compare vs other companies in the European Personal Products Industry?

Price-To-Sales vs Industry: ONTEX is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Personal Products industry average (1.4x)


Price to Sales Ratio vs Fair Ratio

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

ONTEX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: ONTEX (€5.42) is trading below our estimate of fair value (€24.95)

Significantly Below Fair Value: ONTEX is trading below fair value by more than 20%.


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Ontex Group forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


98.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ONTEX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.1%).

Earnings vs Market: ONTEX is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ONTEX is expected to become profitable in the next 3 years.

Revenue vs Market: ONTEX's revenue (3.7% per year) is forecast to grow faster than the Belgian market (2% per year).

High Growth Revenue: ONTEX's revenue (3.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ONTEX's Return on Equity is forecast to be low in 3 years time (8.7%).


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Past Performance

How has Ontex Group performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-56.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ONTEX is currently unprofitable.

Growing Profit Margin: ONTEX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ONTEX is unprofitable, and losses have increased over the past 5 years at a rate of 56% per year.

Accelerating Growth: Unable to compare ONTEX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ONTEX is unprofitable, making it difficult to compare its past year earnings growth to the Personal Products industry (10.1%).


Return on Equity

High ROE: ONTEX has a negative Return on Equity (-17.05%), as it is currently unprofitable.


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Financial Health

How is Ontex Group's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ONTEX's short term assets (€1.4B) exceed its short term liabilities (€854.0M).

Long Term Liabilities: ONTEX's short term assets (€1.4B) exceed its long term liabilities (€911.7M).


Debt to Equity History and Analysis

Debt Level: ONTEX's net debt to equity ratio (74.2%) is considered high.

Reducing Debt: ONTEX's debt to equity ratio has increased from 74.2% to 85.8% over the past 5 years.

Debt Coverage: ONTEX's debt is not well covered by operating cash flow (6.4%).

Interest Coverage: ONTEX's interest payments on its debt are not well covered by EBIT (1x coverage).


Balance Sheet


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Dividend

What is Ontex Group 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


2.22%

Forecast Dividend Yield

Dividend Yield vs Market

Ontex Group Dividend Yield vs Market
How does Ontex Group dividend yield compare to the market?
SegmentDividend Yield
Company (Ontex Group)0%
Market Bottom 25% (BE)2.1%
Market Top 25% (BE)7.3%
Industry Average (Personal Products)2.2%
Analyst forecast in 3 Years (Ontex Group)2.2%

Notable Dividend: Unable to evaluate ONTEX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ONTEX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ONTEX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ONTEX's dividend payments have been increasing.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ONTEX has not reported any payouts.


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Management

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

1.8yrs

Average management tenure


CEO

Esther Berrozpe Galindo (52 yo)

1.75yrs

Tenure

€1,588,121

Compensation

Mrs. Esther Berrozpe Galindo served as Director at Sika AG since April 20, 2021. She has been an Independent Director of Fluidra, S.A. since September 6, 2019. She was a Director at Ontex Group NV since Ma...


CEO Compensation Analysis

Esther Berrozpe Galindo's Compensation vs Ontex Group Earnings
How has Esther Berrozpe Galindo's remuneration changed compared to Ontex Group's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-€169m

Mar 31 2022n/an/a

-€115m

Dec 31 2021€2m€900k

-€62m

Sep 30 2021n/an/a

-€21m

Jun 30 2021n/an/a

€20m

Mar 31 2021n/an/a

€37m

Dec 31 2020€133kn/a

€54m

Sep 30 2020n/an/a

€62m

Jun 30 2020n/an/a

€70m

Mar 31 2020n/an/a

€54m

Dec 31 2019€48kn/a

€37m

Compensation vs Market: Esther's total compensation ($USD1.57M) is above average for companies of similar size in the Belgian market ($USD620.60K).

Compensation vs Earnings: Esther's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: ONTEX's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: ONTEX's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


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

What is the ownership structure of ONTEX?
Owner TypeNumber of SharesOwnership Percentage
Private Companies2,837,6213.5%
Hedge Funds12,411,99915.3%
Public Companies16,454,45320.3%
Institutions18,381,38422.7%
General Public30,880,62138.1%

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


Top Shareholders

Top 25 shareholders own 62.1% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
20.32%
Groupe Bruxelles Lambert SA
16,454,453€89.2m0%no data
15.33%
Ena Investment Capital Llp
12,411,999€67.3m0%23.75%
3.36%
The Pamajugo Irrevocable Trust
2,722,221€14.8m0%no data
3.29%
The Vanguard Group, Inc.
2,662,739€14.4m-0.1%no data
3.09%
Veraison Capital AG
2,497,800€13.5m0%16.4%
2.51%
Norges Bank Investment Management
2,034,669€11.0m0%no data
2.33%
Dimensional Fund Advisors LP
1,886,107€10.2m1.36%no data
2.07%
LOYS AG
1,679,617€9.1m0%1.25%
2.02%
BlackRock, Inc.
1,635,555€8.9m0%no data
1.93%
Black Creek Investment Management Inc.
1,560,000€8.5m0%0.13%
0.95%
Pictet Asset Management Limited
765,188€4.1m0%no data
0.94%
CI Global Asset Management
765,000€4.1m0%0.01%
0.8%
Generali Investments Europe S.p.A. SGR
649,709€3.5m0%0.1%
0.73%
Charles Schwab Investment Management, Inc.
592,065€3.2m11.14%no data
0.5%
Brandes Investment Partners, LP
406,574€2.2m-11.01%0.02%
0.38%
BNPP Asset Management Holding
311,471€1.7m0%no data
0.32%
KBC Asset Management NV
259,968€1.4m0%no data
0.19%
Martin Maurel Gestion Institutionnelle
150,000€813.0k0%0.15%
0.17%
Deutsche Asset & Wealth Management
141,612€767.5k0%no data
0.16%
BNPP Asset Management France
131,364€712.0k0%no data
0.16%
Jean-Philippe Hottinguer Gestion Privée S.A
130,000€704.6k0%0.64%
0.15%
Cedar Street Asset Management LLC
122,116€661.9k0%0.85%
0.13%
State Street Global Advisors, Inc.
105,221€570.3k0.07%no data
0.13%
CIAM
103,467€560.8k-82.52%2.36%
0.12%
Mandatum Omaisuudenhoito Oy
100,000€542.0k0%0.41%

Company Information

Ontex Group NV's employee growth, exchange listings and data sources


Key Information

  • Name: Ontex Group NV
  • Ticker: ONTEX
  • Exchange: ENXTBR
  • Founded: 1979
  • Industry: Personal Products
  • Sector: Household
  • Implied Market Cap: €438.836m
  • Shares outstanding: 80.97m
  • Website: https://ontex.com

Number of Employees


Location

  • Ontex Group NV
  • Korte Keppestraat 21
  • Aalst
  • East Flanders
  • 9320
  • Belgium


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ONTEXENXTBR (Euronext Brussels)YesOrdinary SharesBEEURJun 2014
OT7DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2014
0QVQLSE (London Stock Exchange)YesOrdinary SharesGBEURJun 2014
ONTEXbBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJun 2014
ONXX.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2014
ONTXWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJun 2014
ONTEX NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJun 2014
ONXY.YOTCPK (Pink Sheets LLC)UNSPONSORE ADRUSUSDMar 2017

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/05 00:00
End of Day Share Price2022/10/05 00:00
Earnings2022/06/30
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.