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Rallye

DB:RAY
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RAY
DB
€553M
Market Cap
  1. Home
  2. DE
  3. Consumer Retailing
Company description

Rallye SA, together with its subsidiaries, engages in the food, non-food e-commerce, and sporting goods retailing activities in France and internationally. The last earnings update was 30 days ago. More info.


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RAY Share Price and Events
7 Day Returns
5.6%
DB:RAY
0.3%
Europe Consumer Retailing
1.8%
DE Market
1 Year Returns
-16.7%
DB:RAY
1.5%
Europe Consumer Retailing
-6%
DE Market
RAY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rallye (RAY) 5.6% -7.4% 14.9% -16.7% -37.3% -70.9%
Europe Consumer Retailing 0.3% -0.6% 2.2% 1.5% -4.6% -7.6%
DE Market 1.8% 4.6% 7.4% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • RAY underperformed the Consumer Retailing industry which returned 1.5% over the past year.
  • RAY underperformed the Market in Germany which returned -6% over the past year.
Price Volatility
RAY
Industry
5yr Volatility vs Market

RAY Value

 Is Rallye 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 Rallye 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 Rallye.

DB:RAY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:RAY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.465 (1 + (1- 33%) (2262.59%))
5.367
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 6.65%)
13.53%

Discounted Cash Flow Calculation for DB:RAY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Rallye 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.

DB:RAY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 13.53%)
2019 583.00 Analyst x1 513.53
2020 706.00 Analyst x1 547.77
2021 571.00 Analyst x1 390.24
2022 486.82 Est @ -14.74% 293.06
2023 436.92 Est @ -10.25% 231.68
2024 405.87 Est @ -7.11% 189.57
2025 385.95 Est @ -4.91% 158.79
2026 372.96 Est @ -3.37% 135.16
2027 364.43 Est @ -2.29% 116.33
2028 358.84 Est @ -1.53% 100.90
Present value of next 10 years cash flows €2,677.02
DB:RAY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €358.84 × (1 + 0.23%) ÷ (13.53% – 0.23%)
€2,704.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €2,704.21 ÷ (1 + 13.53%)10
€760.34
DB:RAY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €2,677.02 + €760.34
€3,437.36
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €3,437.36 / 52.24
€65.8
DB:RAY Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:RAY represents 0.98298x of ENXTPA:RAL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98298x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 65.80 x 0.98298
€64.68
Value per share (EUR) From above. €64.68
Current discount Discount to share price of €10.40
= -1 x (€10.40 - €64.68) / €64.68
83.9%

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

Current Discount
Amount off the current price Rallye is available for.
Intrinsic value
>50%
Share price is €10.4 vs Future cash flow value of €64.68
Current Discount Checks
For Rallye to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Rallye's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Rallye's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Rallye's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rallye's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:RAY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €-4.12
ENXTPA:RAL Share Price ** ENXTPA (2019-04-18) in EUR €10.58
Europe Consumer Retailing Industry PE Ratio Median Figure of 32 Publicly-Listed Consumer Retailing Companies 19.38x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

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

** Primary Listing of Rallye.

DB:RAY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:RAL Share Price ÷ EPS (both in EUR)

= 10.58 ÷ -4.12

-2.57x

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

  • Rallye is loss making, we can't compare its value to the Europe Consumer Retailing industry average.
  • Rallye is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Rallye's expected growth come at a high price?
Raw Data
DB:RAY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
74.5%per year
Europe Consumer Retailing Industry PEG Ratio Median Figure of 24 Publicly-Listed Consumer Retailing Companies 1.71x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Rallye, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Rallye's assets?
Raw Data
DB:RAY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €18.37
ENXTPA:RAL Share Price * ENXTPA (2019-04-18) in EUR €10.58
Europe Consumer Retailing Industry PB Ratio Median Figure of 41 Publicly-Listed Consumer Retailing Companies 1.58x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:RAY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:RAL Share Price ÷ Book Value per Share (both in EUR)

= 10.58 ÷ 18.37

0.58x

* Primary Listing of Rallye.

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

  • Rallye is good value based on assets compared to the Europe Consumer Retailing industry average.
X
Value checks
We assess Rallye'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 Consumer Retailing 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 Consumer Retailing industry average (and greater than 0)? (1 check)
  5. Rallye has a total score of 3/6, 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.

RAY Future Performance

 How is Rallye expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
74.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rallye expected to grow at an attractive rate?
  • Rallye's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Rallye's earnings growth is expected to exceed the Germany market average.
  • Rallye's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:RAY Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:RAY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 74.5%
DB:RAY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 4.2%
Europe Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 12%
Europe Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:RAY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:RAY Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 43,207 191 1
2020-12-31 41,141 1,637 154 1
2019-12-31 39,173 1,482 116 1
DB:RAY Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 38,029 1,466 -218
2018-09-30 38,148 2,131 -157
2018-06-30 38,042 2,795 -86
2018-03-31 38,338 2,152 -87
2017-12-31 38,858 1,509 -98
2017-09-30 38,387 1,772 -95
2017-06-30 38,298 2,036 -96
2017-03-31 37,541 1,861 -123
2016-12-31 36,784 1,686 -150
2016-09-30 34,088 1,643 -202
2016-06-30 31,392 1,600 -253
2016-03-31 33,696 2,219 -215

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Rallye's earnings are expected to grow significantly at over 20% yearly.
  • Rallye's revenue is expected to grow by 4.2% 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
DB:RAY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Rallye Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RAY Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 3.24 3.24 3.24 1.00
2020-12-31 2.71 2.71 2.71 1.00
2019-12-31 2.12 2.12 2.12 1.00
DB:RAY Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 -4.12
2018-09-30 -2.99
2018-06-30 -1.65
2018-03-31 -1.68
2017-12-31 -1.90
2017-09-30 -1.83
2017-06-30 -1.85
2017-03-31 -2.38
2016-12-31 -2.90
2016-09-30 -3.98
2016-06-30 -5.12
2016-03-31 -4.41

*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.
  • Rallye is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Rallye'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Rallye has a total score of 3/6, 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.

RAY Past Performance

  How has Rallye 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 Rallye's growth in the last year to its industry (Consumer Retailing).
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.
  • Rallye does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Rallye's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Rallye's 1-year growth to the Europe Consumer Retailing industry average as it is not currently profitable.
Earnings and Revenue History
Rallye'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 Rallye Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RAY 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 38,029.00 -218.00 8,437.00
2018-09-30 38,147.50 -157.00 8,447.50
2018-06-30 38,042.00 -86.00 8,480.00
2018-03-31 38,338.00 -87.00 8,552.50
2017-12-31 38,858.00 -98.00 8,603.00
2017-09-30 38,387.00 -94.50 8,697.50
2017-06-30 38,298.00 -96.00 8,736.00
2017-03-31 37,541.00 -123.00 8,608.50
2016-12-31 36,784.00 -150.00 8,481.00
2016-09-30 34,088.00 -201.50 7,863.50
2016-06-30 31,392.00 -253.00 7,246.00
2016-03-31 33,695.50 -215.00 7,788.50
2015-12-31 35,999.00 -177.00 8,331.00
2015-06-30 47,508.00 -30.00 10,717.00
2015-03-31 48,331.50 -31.00 10,734.00
2014-12-31 49,155.00 -32.00 10,751.00
2014-06-30 48,635.00 -105.00 10,564.00
2014-03-31 48,577.00 35.00 10,547.00
2013-12-31 48,519.00 175.00 10,530.00
2013-06-30 48,422.00 539.00 10,603.00
2013-03-31 45,542.50 392.50 10,050.50
2012-12-31 42,663.00 246.00 9,498.00
2012-09-30 39,460.50 99.00 8,925.00
2012-06-30 36,258.00 -48.00 8,352.00

*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.
  • Rallye has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Rallye used its assets less efficiently than the Europe Consumer Retailing industry average last year based on Return on Assets.
  • It is difficult to establish if Rallye improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Rallye'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 Consumer Retailing 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.
Rallye has a total score of 0/6, 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.

RAY Health

 How is Rallye'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 Rallye's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rallye is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Rallye's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Rallye'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 1.4x 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 Rallye Company Filings, last reported 3 months ago.

DB:RAY Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 10,187.00 12,505.00 3,987.00
2018-09-30 10,187.00 12,505.00 3,987.00
2018-06-30 10,012.00 13,609.00 3,679.00
2018-03-31 10,012.00 13,609.00 3,679.00
2017-12-31 11,229.00 12,082.00 3,558.00
2017-09-30 11,263.00 12,082.00 3,558.00
2017-06-30 11,626.00 13,566.00 3,545.00
2017-03-31 11,626.00 13,566.00 3,545.00
2016-12-31 12,632.00 13,779.00 5,885.00
2016-09-30 12,632.00 13,779.00 5,885.00
2016-06-30 12,834.00 14,479.00 4,365.00
2016-03-31 12,834.00 14,479.00 4,365.00
2015-12-31 10,575.00 15,756.00 4,833.00
2015-06-30 13,122.00 16,266.00 4,396.00
2015-03-31 13,122.00 16,266.00 4,396.00
2014-12-31 13,935.00 17,944.00 7,694.00
2014-06-30 14,216.00 15,272.00 4,367.00
2014-03-31 14,216.00 15,272.00 4,367.00
2013-12-31 13,919.00 15,383.00 5,856.00
2013-06-30 12,904.00 16,425.00 4,516.00
2013-03-31 12,904.00 16,425.00 4,516.00
2012-12-31 13,714.00 16,421.00 6,593.00
2012-09-30 13,714.00 16,421.00 6,593.00
2012-06-30 7,544.00 13,317.00 4,037.00
  • Rallye's level of debt (122.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (110.5% vs 122.8% today).
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.

  • Whilst loss making Rallye has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Rallye has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -5.6% per year.
X
Financial health checks
We assess Rallye'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. Rallye has a total score of 4/6, 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.

RAY Dividends

 What is Rallye'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
9.45%
Current annual income from Rallye dividends. Estimated to be 9.45% next year.
If you bought €2,000 of Rallye shares you are expected to receive €189 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?
  • Rallye's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Rallye's dividend is above the markets top 25% of dividend payers in Germany (3.71%).
Upcoming dividend payment

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

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
DB:RAY 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 1 Analyst Estimates (S&P Global) See Below
Europe Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:RAY Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.00 1.00
2020-12-31 1.00 1.00
2019-12-31 1.00 1.00
DB:RAY Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-14 1.000 9.453
2018-03-08 1.000 9.609
2017-03-15 1.400 8.470
2017-03-07 1.400 7.359
2016-03-15 1.830 11.089
2016-03-09 1.830 11.824
2015-02-17 1.830 8.963
2014-03-07 1.830 5.392
2013-03-01 1.830 6.255
2012-07-27 1.830 7.441
2012-06-25 1.830 8.321
2011-07-29 1.830 7.781
2011-04-11 1.830 5.771
2011-03-11 1.830 5.828
2010-04-12 1.830 6.491
2010-03-12 1.830 6.754
2009-04-27 1.830 8.339
2009-04-22 1.830 11.695

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of Rallye's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Rallye's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Rallye afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rallye 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.

RAY Management

 What is the CEO of Rallye'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
Franck Hattab
COMPENSATION €889,548
AGE 47
TENURE AS CEO 2 years
CEO Bio

Mr. Franck Hattab serves as General Manager at Rallye SA. since April 03, 2017. Mr. Hattab served as Deputy Chief Executive Officer of Rallye Société Anonyme since February 28, 2013. He served as a Deputy Managing Director at Rallye Société Anonyme. He served as the Chief Financial Officer of Rallye Société Anonyme. He Graduated from EDHEC.

CEO Compensation
  • Franck's compensation has increased whilst company is loss making.
  • Franck's remuneration is about average for companies of similar size in Germany.
Management Team

Franck Hattab

TITLE
General Manager
COMPENSATION
€890K
AGE
47
TENURE
2 yrs
Board of Directors Tenure

Average tenure and age of the Rallye board of directors in years:

6.7
Average Tenure
63
Average Age
  • The tenure for the Rallye board of directors is about average.
Board of Directors

Jean-Charles Naouri

TITLE
Chairman of the Board
COMPENSATION
€10K
AGE
69
TENURE
21 yrs

Jean-Paul Onillon

TITLE
Chairman of the Board of Directors - Groupe GO Sport
TENURE
5.5 yrs

Philippe Charrier

TITLE
Independent Director
COMPENSATION
€40K
AGE
64
TENURE
9.8 yrs

Catherine Fulconis

TITLE
Independent Director
COMPENSATION
€20K
AGE
57
TENURE
4.9 yrs

Christian Paillot

TITLE
Non-Voting Director
COMPENSATION
€17K
AGE
71
TENURE
1.9 yrs

Jacques Dumas

TITLE
Director
COMPENSATION
€1M
AGE
66
TENURE
28.8 yrs

Jean de Courcel

TITLE
Non-Voting Director
COMPENSATION
€50K
AGE
63
TENURE
1.9 yrs

Didier Lévêque

TITLE
Director
COMPENSATION
€855K
AGE
57
TENURE
10.8 yrs

Odile Muracciole

TITLE
Director
COMPENSATION
€559K
AGE
58
TENURE
7.9 yrs

Virginie Grin

TITLE
Director
COMPENSATION
€361K
AGE
51
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Rallye'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. Rallye 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.

RAY News

Simply Wall St News

RAY Company Info

Description

Rallye SA, together with its subsidiaries, engages in the food, non-food e-commerce, and sporting goods retailing activities in France and internationally. The company operates in two segments, Food and General Retailing, and Holding and Other Activities. It operates hypermarkets, supermarkets, and discount stores. The company conducts its retailing activities in France primarily under the Casino, Monoprix, Franprix-Leader Price, and Vindémia banners; food retail activities in Latin America primarily under the Éxito, Disco, Devoto, and Libertad banners, as well as GPA food banner; and e-commerce comprising Cdiscount and the Cnova N.V. holding company businesses. In addition, the company is also involved in financial investment, real estate asset management, property development and trading, energy efficiency, and travel packages sales activities; and operation of e-commerce sites, and self-service restaurants and warehouses. Rallye SA was founded in 1925 and is headquartered in Paris, France. Rallye SA is a subsidiary of Fonciere Euris SA.

Details
Name: Rallye SA
RAY
Exchange: DB
Founded: 1925
€552,686,176
52,238,769
Website: http://www.rallye.fr
Address: Rallye SA
83, rue du Faubourg Saint Honoré,
Paris,
Ile-de-France, 75008,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA RAL Common Shares Euronext Paris FR EUR 02. Jan 1992
OTCPK RLYN.F Common Shares Pink Sheets LLC US USD 02. Jan 1992
DB RAY Common Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0K9N Common Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE RALP Common Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
218,922
Rallye employees.
Industry
Food Retail
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 20:36
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/03/22
Last earnings filing: 2019/03/22
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.