DB:RJ8

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Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco

Executive Summary

Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco operates in the gaming, hotels, and rental sectors in Monaco.


Snowflake Analysis

Solid track record with imperfect balance sheet.

Share Price & News

How has Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: RJ8 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

4.7%

RJ8

-1.6%

DE Hospitality

0.7%

DE Market


1 Year Return

-3.3%

RJ8

-35.2%

DE Hospitality

3.9%

DE Market

Return vs Industry: RJ8 exceeded the German Hospitality industry which returned -35.2% over the past year.

Return vs Market: RJ8 underperformed the German Market which returned 3.9% over the past year.


Shareholder returns

RJ8IndustryMarket
7 Day4.7%-1.6%0.7%
30 Day3.1%-13.5%1.4%
90 Day-0.7%3.8%17.3%
1 Year-3.3%-3.3%-32.4%-35.2%6.2%3.9%
3 Year61.9%61.9%-49.3%-56.3%1.8%-6.2%
5 Year56.6%56.6%-50.8%-61.1%9.3%-5.4%

Price Volatility Vs. Market

How volatile is Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco undervalued compared to its fair value and its price relative to the market?

50.7x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate RJ8's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate RJ8's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: RJ8 is poor value based on its PE Ratio (50.7x) compared to the DE Hospitality industry average (20.3x).

PE vs Market: RJ8 is poor value based on its PE Ratio (50.7x) compared to the German market (21x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RJ8's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RJ8's PB Ratio (2x) is in line with the DE Hospitality industry average.


Next Steps

Future Growth

How is Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

115.4%

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 Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco 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 Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco performed over the past 5 years?

50.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RJ8 has high quality earnings.

Growing Profit Margin: RJ8's current net profit margins (4.2%) are higher than last year (0.5%).


Past Earnings Growth Analysis

Earnings Trend: RJ8 has become profitable over the past 5 years, growing earnings by 50.8% per year.

Accelerating Growth: RJ8's earnings growth over the past year (866.8%) exceeds its 5-year average (50.8% per year).

Earnings vs Industry: RJ8 earnings growth over the past year (866.8%) exceeded the Hospitality industry -15.6%.


Return on Equity

High ROE: RJ8's Return on Equity (4%) is considered low.


Next Steps

Financial Health

How is Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco's financial position?


Financial Position Analysis

Short Term Liabilities: RJ8's short term assets (€197.6M) do not cover its short term liabilities (€327.8M).

Long Term Liabilities: RJ8's short term assets (€197.6M) do not cover its long term liabilities (€445.1M).


Debt to Equity History and Analysis

Debt Level: RJ8's debt to equity ratio (41.1%) is considered high.

Reducing Debt: RJ8's debt to equity ratio has increased from 1.2% to 41.1% over the past 5 years.

Debt Coverage: RJ8's debt is well covered by operating cash flow (33.7%).

Interest Coverage: RJ8's interest payments on its debt are well covered by EBIT (4.5x coverage).


Balance Sheet


Next Steps

Dividend

What is Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate RJ8's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RJ8'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 RJ8's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RJ8's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: RJ8 is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RJ8'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?

12.4yrs

Average board tenure


CEO

Jean-Luc Biamonti (67yo)

7.5yrs

Tenure

€989,500

Compensation

Mr. Jean-Luc Biamonti is the Chairman of Calcium Capital SAS. He founded the firm. He was Partner at the firm. From 2003 to 2008, he served as the Managing Director of The Goldman Sachs Group Inc. Mr. Biam ...


CEO Compensation Analysis

Compensation vs Market: Jean-Luc's total compensation ($USD1.12M) is about average for companies of similar size in the German market ($USD1.49M).

Compensation vs Earnings: Jean-Luc's compensation has increased by more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
Jean-Luc Biamonti
Chairman of the Board & CEO7.5yrs€989.50kno data
Alexandre Keusseoglou
Director19.5yrs€66.50kno data
Nicolas Bazire
Directorno data€14.00kno data
William Timmins
Director9.33yrs€19.75kno data
Thierry Lacoste
Director14yrs€22.75kno data
Pierre Svara
Director10.83yrs€19.75kno data
Michel Dotta
Director10.5yrs€21.50kno data
Michael Mecca
Directorno data€12.00kno data
Laurent Nouvion
Directorno data€14.00kno data
Christophe Navarre
Directorno datano datano data

12.4yrs

Average Tenure

67yo

Average Age

Experienced Board: RJ8's board of directors are seasoned and experienced ( 12.4 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

Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco
  • Ticker: RJ8
  • Exchange: DB
  • Founded: 1863
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: €1.324b
  • Shares outstanding: 24.52m
  • Website: https://www.montecarlosbm.com

Number of Employees


Location

  • Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco
  • B.P. 139 Place du Casino
  • Monaco
  • 98000
  • Monaco

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RJ8DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
BAINENXTPA (Euronext Paris)YesCommon StockFREURJan 1992
0O80LSE (London Stock Exchange)YesCommon StockGBEURJan 1992
BMRM.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992
BAINPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURJan 1992

Biography

Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco operates in the gaming, hotels, and rental sectors in Monaco. The company operates casinos; hotels; restaurants; lounge bars and nightclubs; wellness and leisure facilities, such as beach, fitness, yoga, tennis, jet-skiing, and golf centers; shows and concert halls; shopping centers; and meetings and events centers. It is also involved in the slot machines, table games, and other activities; and rental of boutiques, offices, and residential properties. In addition, the company offers catering and bar services. The company was founded in 1863 and is headquartered in Monaco. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/11 21:44
End of Day Share Price2020/07/10 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.