DB:12J

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Executive Summary

Latécoère S.A. designs, develops, manufactures, and supports aerostructures and interconnection systems in Europe, the United States, Asia, and internationally.


Snowflake Analysis

Fair value with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 12J's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-12.8%

12J

1.6%

DE Aerospace & Defense

-1.9%

DE Market


1 Year Return

-60.1%

12J

-23.3%

DE Aerospace & Defense

8.1%

DE Market

Return vs Industry: 12J underperformed the German Aerospace & Defense industry which returned -25.2% over the past year.

Return vs Market: 12J underperformed the German Market which returned 8.3% over the past year.


Shareholder returns

12JIndustryMarket
7 Day-12.8%1.6%-1.9%
30 Day-25.3%-0.9%-0.2%
90 Day-9.4%10.1%12.8%
1 Year-60.1%-60.1%-22.9%-23.3%10.5%8.1%
3 Year-64.9%-64.9%-9.4%-14.1%3.2%-5.0%
5 Yearn/a17.3%5.7%11.9%-3.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 12J (€1.52) is trading below our estimate of fair value (€11.49)

Significantly Below Fair Value: 12J is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 12J is unprofitable, so we can't compare its PE Ratio to the XE Aerospace & Defense industry average.

PE vs Market: 12J is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 12J's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 12J is good value based on its PB Ratio (0.7x) compared to the XE Aerospace & Defense industry average (1.5x).


Next Steps

Future Growth

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

75.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 12J is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).

Earnings vs Market: 12J is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 12J's is expected to become profitable in the next 3 years.

Revenue vs Market: 12J's revenue (0.9% per year) is forecast to grow slower than the German market (5.9% per year).

High Growth Revenue: 12J's revenue (0.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 12J's Return on Equity is forecast to be low in 3 years time (9.4%).


Next Steps

  • Explore growth companies in the Capital Goods industry.

Past Performance

How has Latécoère performed over the past 5 years?

-1.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 12J is currently unprofitable.

Growing Profit Margin: 12J is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 12J is unprofitable, and losses have increased over the past 5 years at a rate of 1.9% per year.

Accelerating Growth: Unable to compare 12J's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 12J is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (-0.3%).


Return on Equity

High ROE: 12J has a negative Return on Equity (-16.5%), as it is currently unprofitable.


Next Steps

Financial Health

How is Latécoère's financial position?


Financial Position Analysis

Short Term Liabilities: 12J's short term assets (€391.5M) exceed its short term liabilities (€295.2M).

Long Term Liabilities: 12J's short term assets (€391.5M) exceed its long term liabilities (€163.1M).


Debt to Equity History and Analysis

Debt Level: 12J's debt to equity ratio (66.4%) is considered high.

Reducing Debt: 12J's debt to equity ratio has reduced from 339.1% to 66.4% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if 12J has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 12J has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 12J's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 12J'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 12J's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 12J's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 12J is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 12J's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

0.6yrs

Average management tenure


CEO

Philip Swash (56 yo)

0.42

Tenure

Mr. Philip Antony Swash serves as Chief Executive Officer at Latécoère S.A. since 2020 and was its Group Chief Executive Officer since March 17, 2020 until 2020. He serves as Director at Latécoère S.A. sin ...


Leadership Team

NamePositionTenureCompensationOwnership
Philip Swash
CEO & Director0.42yrno datano data
Michel Abaza
Group Chief Financial Officer1.58yrsno datano data
Thierry Mootz
Former Deputy CEO & GM of the Interconnection Systems Divisionno datano datano data
Serge Berenger
Chief Research & Technology Officer0.58yrno datano data
Thierry Mahe
Communication Directorno datano datano data
Herve Schembri
Vice President of Marketing & Strategyno datano datano data
Hervé Blanchard
Group Human Resources Directorno datano datano data
Raphael Bolzan
Senior Vice President of American Affairesno datano datano data
Christian Beugnet
Company Secretaryno data€7.50kno data
Jean-Louis Peltriaux
Cost Control Managerno data€105.94k0.000010%
€ 14.6

0.6yrs

Average Tenure

56yo

Average Age

Experienced Management: 12J's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Philip Swash
CEO & Director0.42yrno datano data
Pierre Gadonneix
Independent Chairman of the Board4.92yrs€200.00kno data
Laurence Dors
Independent Director0.17yrno datano data
Caroline Catoire
Director0.42yrno datano data
Christophe Villemin
Director0.42yr€26.50kno data
Helen Bouygues
Director1.17yrs€36.50kno data
Ralf Ackermann
Director1.17yrsno datano data
Valérie Boyer
Representing Employees Director2.25yrs€53.37kno data

0.9yrs

Average Tenure

54yo

Average Age

Experienced Board: 12J's board of directors are not considered experienced ( 0.9 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Latécoère S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Latécoère S.A.
  • Ticker: 12J
  • Exchange: DB
  • Founded: 1917
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: €145.783m
  • Shares outstanding: 94.79m
  • Website: https://www.latecoere.aero

Number of Employees


Location

  • Latécoère S.A.
  • 135, rue de Periole
  • BP 25211
  • Toulouse
  • Midi-Pyrénées
  • 31079
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LATENXTPA (Euronext Paris)YesOrdinary SharesFREURJan 1992
0IXTLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
SIJD.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
LATPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
12JDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992

Biography

Latécoère S.A. designs, develops, manufactures, and supports aerostructures and interconnection systems in Europe, the United States, Asia, and internationally. The company operates through two segments, A ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/04 20:47
End of Day Share Price2020/08/04 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.