DB:PZ21

Stock Analysis Report

Executive Summary

Groupe Partouche SA, through its subsidiaries, operates casinos, hotels, restaurants, dancehalls, and bars in France, other European countries, and internationally.


Snowflake Analysis

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: PZ21's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

9.0%

PZ21

5.2%

DE Hospitality

2.2%

DE Market


1 Year Return

4.6%

PZ21

-43.9%

DE Hospitality

-17.2%

DE Market

Return vs Industry: PZ21 exceeded the German Hospitality industry which returned -43.9% over the past year.

Return vs Market: PZ21 exceeded the German Market which returned -17.2% over the past year.


Shareholder returns

PZ21IndustryMarket
7 Day9.0%5.2%2.2%
30 Day-32.1%-31.2%-15.7%
90 Day-29.4%-55.2%-24.0%
1 Year4.6%4.6%-41.4%-43.9%-14.9%-17.2%
3 Year-46.0%-46.5%-53.6%-60.0%-16.4%-23.3%
5 Year37.1%35.8%-59.3%-67.9%-16.5%-27.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

10.26x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PZ21 (€19.35) is trading above our estimate of fair value (€15.35)

Significantly Below Fair Value: PZ21 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PZ21 is good value based on its PE Ratio (10.3x) compared to the Hospitality industry average (19.2x).

PE vs Market: PZ21 is good value based on its PE Ratio (10.3x) compared to the German market (16.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PZ21's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PZ21 is good value based on its PB Ratio (0.5x) compared to the DE Hospitality industry average (1.7x).


Next Steps

Future Growth

How is Groupe Partouche forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.8%

Forecasted Consumer Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Groupe Partouche has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Groupe Partouche performed over the past 5 years?

38.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PZ21 has high quality earnings.

Growing Profit Margin: PZ21's current net profit margins (4.3%) are higher than last year (1.5%).


Past Earnings Growth Analysis

Earnings Trend: PZ21 has become profitable over the past 5 years, growing earnings by 38.2% per year.

Accelerating Growth: PZ21's earnings growth over the past year (199%) exceeds its 5-year average (38.2% per year).

Earnings vs Industry: PZ21 earnings growth over the past year (199%) exceeded the Hospitality industry -36.8%.


Return on Equity

High ROE: PZ21's Return on Equity (6.4%) is considered low.


Next Steps

Financial Health

How is Groupe Partouche's financial position?


Financial Position Analysis

Short Term Liabilities: PZ21's short term assets (€174.3M) exceed its short term liabilities (€154.7M).

Long Term Liabilities: PZ21's short term assets (€174.3M) exceed its long term liabilities (€173.4M).


Debt to Equity History and Analysis

Debt Level: PZ21's debt to equity ratio (37.6%) is considered satisfactory.

Reducing Debt: PZ21's debt to equity ratio has reduced from 66.3% to 37.6% over the past 5 years.

Debt Coverage: PZ21's debt is well covered by operating cash flow (49.1%).

Interest Coverage: PZ21's interest payments on its debt are well covered by EBIT (8.2x coverage).


Balance Sheet

Inventory Level: PZ21 has a high level of physical assets or inventory.

Debt Coverage by Assets: PZ21's debt is covered by short term assets (assets are 1.2x debt).


Next Steps

Dividend

What is Groupe Partouche's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PZ21's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate PZ21's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PZ21's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PZ21's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PZ21'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?

18.0yrs

Average management tenure


CEO

Fabrice Paire (50yo)

12.25s

Tenure

€431,389

Compensation

Mr. Fabrice Paire serves as the Managing Director and Company Secretary at Groupe Partouche SA since 2008 and 2005 respectively. Mr. Paire serves as Chairman of the Executive Board at Groupe Partouche SA M ...


CEO Compensation Analysis

Compensation vs Market: Fabrice's total compensation ($USD474.05K) is below average for companies of similar size in the German market ($USD701.62K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Fabrice Paire
Chairman of the Executive Board12.25yrs€431.39k0.0039% 7.5k
Katy Zenou
Member of the Executive Board & GM23.83yrs€284.52k0.10% 198.4k
Ari Sebag
Member of the Executive Board & GM23.83yrs€411.11k0.059% 113.1k
Jean-François Largillière
Member of the Executive Board6.5yrs€193.27kno data
Valérie Fort
Finance Directorno datano datano data

18.0yrs

Average Tenure

56.5yo

Average Age

Experienced Management: PZ21's management team is seasoned and experienced (18 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Walter Butler
Member of Supervisory Board9yrs€6.49k0.000010% 19.1
Laurent Parquet
Member of Supervisory Board3.58yrs€21.18kno data
Patrick Partouche
Chairman of the Supervisory Board9yrs€546.18k0.47% 894.8k
Isidore Partouche
Vice Chairman of the Supervisory Boardno data€147.08k5.19% 9.9m
Daniel Cohen
Independent Member of Supervisory Board8.33yrs€21.18k0.0016% 3.0k
Véronique Forneri
Independent Member of the Supervisory Board6yrs€10.59k0.00064% 1.2k
Salomé Partouche
Member of Supervisory Board3.42yrs€14.12k0.000050% 95.7
Caroline Texier
Independent Member of Supervisory Board2.83yrs€17.65k0.000010% 19.1
Philippe Perrin
Employee Representative Supervisory Board Member1.33yrsno datano data

4.8yrs

Average Tenure

55.5yo

Average Age

Experienced Board: PZ21's board of directors are considered experienced (4.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Top Shareholders

Company Information

Groupe Partouche SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Groupe Partouche SA
  • Ticker: PZ21
  • Exchange: DB
  • Founded: 1973
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: €191.332m
  • Shares outstanding: 9.61m
  • Website: https://www.groupepartouche.com

Number of Employees


Location

  • Groupe Partouche SA
  • 141 bis rue de Saussure
  • Paris
  • Ile-de-France
  • 75017
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
0R62LSE (London Stock Exchange)Ordinary SharesGBEURJun 1995
PARPENXTPA (Euronext Paris)YesNew Ordinary SharesFREURMar 2015
PZ21DB (Deutsche Boerse AG)YesNew Ordinary SharesDEEURMar 2015
PARPPBATS-CHIXE (BATS 'Chi-X Europe')YesNew Ordinary SharesGBEURMar 2015

Biography

Groupe Partouche SA, through its subsidiaries, operates casinos, hotels, restaurants, dancehalls, and bars in France, other European countries, and internationally. The company operates through three divisions: Casino, Hotel, and Other Activities. Its casinos offer table games, such as Boule; American, English, or French roulette; Casino War; Punto Banco; Blackjack, Stud Poker, and Hold’em Poker; Texas Hold’em Poker and Omaha Poker 4 high; Bingo; electronic roulette; electronic Blackjack; and electronic Texas Hold’em Poker and Bingo, as well as slot machines. The company also owns and operates diners, gourmet and themed restaurants, and health spas and golf courses; develops television (TV) programs and mobile TV gaming offerings; interactive game shows associated with an online gaming offering; markets gaming solutions and lotteries; and produces televised programs and events. In addition, it operates Quarisma, a platform for the real time management of quality services between customers and casino operators; and manages casino information systems, as well as data communication hardware and networks. Further, the company engages in real estate and sports betting activities. As of October 31, 2018, it operated 43 casinos with 5,113 slot machines installed in France and 665 machines installed internationally, as well as 900 electronic English roulette wheels installed in France and 22 wheels installed internationally; 10 hotels with approximately 410 rooms; 80 restaurants; and 5 health spas and 2 golf courses. The company was founded in 1973 and is headquartered in Paris, France. Groupe Partouche SA is a subsidiary of Financiere Partouche SA. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 04:51
End of Day Share Price2020/03/31 00:00
Earnings2019/10/31
Annual Earnings2019/10/31


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.