Announcement • May 06
SMCP S.A. Announces Executive and Committee Changes SMCP announced the appointment of Linda Li as President and CEO for North America. She will succeed Ida Simonsen, who has decided to pursue new opportunities, and whom the Group warmly thanks for her contribution to the development of its North American operations over the past years. Linda Li will join the Group’s Executive Committee. Prior to joining SMCP, Linda Li served as Managing Director & President of COS North America, where she successfully led the region’s omnichannel development and commercial performance. She previously spent many years within H&M Group in the Americas, holding several senior positions including Head of Marketing & Communications and Head of E-Commerce. She began her career at the Boston Consulting Group. Linda Li graduated from Harvard College and Harvard Business School. Announcement • Oct 23
SMCP S.A. to Report Fiscal Year 2025 Results on Feb 26, 2026 SMCP S.A. announced that they will report fiscal year 2025 results on Feb 26, 2026 Announcement • May 06
SMCP S.A., Annual General Meeting, Jun 12, 2025 SMCP S.A., Annual General Meeting, Jun 12, 2025. Location: 2 rue de marengo, paris France Announcement • Apr 29
SMCP S.A. to Report First Half, 2025 Results on Jul 29, 2025 SMCP S.A. announced that they will report first half, 2025 results on Jul 29, 2025 Announcement • Oct 29
SMCP S.A. to Report Fiscal Year 2024 Results on Feb 27, 2025 SMCP S.A. announced that they will report fiscal year 2024 results on Feb 27, 2025 Announcement • Oct 02
SMCP Group Announces Executive Changes SMCP Group announced the appointment of Ida Simonsen as President and CEO for North America. She will succeed to Paul Griffin who decided to pursue his career outside the Group. Ida Simonsen brings a wealth of experience to her new role. Most recently, she served as President of the Americas for Stella McCartney for over 12 years, where she played a crucial role in expanding its retail and wholesale presence across the United States, Canada, and Mexico. During her tenure, Ida guided Stella McCartney through significant transitions, including its change of shareholder from Kering to LVMH, and expanded the brand’s retail network in the Americas. Prior to her time at Stella McCartney, Ida held leadership positions at Marni, further enhancing her deep knowledge of the US market and the global fashion industry. Buy Or Sell Opportunity • Aug 06
Now 29% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to €1.84. The fair value is estimated to be €2.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Jul 29
First half 2024 earnings released: €0.37 loss per share (vs €0.19 profit in 1H 2023) First half 2024 results: €0.37 loss per share (down from €0.19 profit in 1H 2023). Revenue: €585.3m (down 4.0% from 1H 2023). Net loss: €27.7m (down 298% from profit in 1H 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. New Risk • Jul 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to €1.76, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 8x in the Specialty Retail industry in Germany. Total loss to shareholders of 74% over the past three years. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to €1.76, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 8x in the Specialty Retail industry in Germany. Total loss to shareholders of 74% over the past three years. Announcement • Apr 26
SMCP S.A., Annual General Meeting, Jun 06, 2024 SMCP S.A., Annual General Meeting, Jun 06, 2024. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €2.26, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 2x in the Specialty Retail industry in Germany. Total loss to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.35 per share. Reported Earnings • Feb 29
Full year 2023 earnings released Full year 2023 results: Revenue: €1.23b (up 2.0% from FY 2022). Net income: €11.2m (down 78% from FY 2022). Profit margin: 0.9% (down from 4.3% in FY 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Specialty Retail industry in Germany. Buy Or Sell Opportunity • Feb 29
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to €2.70. The fair value is estimated to be €3.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 4.8% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Buy Or Sell Opportunity • Feb 01
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to €2.66. The fair value is estimated to be €3.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 4.8% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Announcement • Jan 27
SMCP S.A. Revises Earnings Guidance for the Fourth Quarter of 2023 SMCP S.A. revised earnings guidance for the fourth quarter of 2023. In the fourth quarter of 2023, Group sales remained stable compared to 2022 at constant exchange rates, despite a macro-economic context that continued to deteriorate: heightened geopolitical tensions, weak household consumption and persistent inflation. The good resilience of the Group in the United States offset a difficult month of December in Europe (particularly in France) and a less dynamic month than expected in China. Despite those headwinds, the Group decided to maintain a very strict discount policy. Taking these elements into account, the company expects a performance slightly below previous announcement: sales around €1.230 million, that is a growth at constant FX of +3.8% versus 2022 (previously “mid-single digit growth”). Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €3.47, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Specialty Retail industry in Europe. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.00 per share. Buying Opportunity • Sep 19
Now 36% undervalued after recent price drop Over the last 90 days, the stock is down 50%. The fair value is estimated to be €5.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 60% in the next 2 years. New Risk • Aug 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to €5.99, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Specialty Retail industry in Germany. Total returns to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.19 per share. Reported Earnings • Jul 30
First half 2023 earnings released: EPS: €0.19 (vs €0.28 in 1H 2022) First half 2023 results: EPS: €0.19 (down from €0.28 in 1H 2022). Revenue: €609.8m (up 7.9% from 1H 2022). Net income: €14.0m (down 32% from 1H 2022). Profit margin: 2.3% (down from 3.7% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 28
Now 20% undervalued Over the last 90 days, the stock is up 1.4%. The fair value is estimated to be €10.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to grow by 82% in the next 2 years. Buying Opportunity • Jun 23
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 7.3%. The fair value is estimated to be €9.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 70%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Buying Opportunity • May 24
Now 21% undervalued Over the last 90 days, the stock is up 10%. The fair value is estimated to be €9.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 70%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings is also forecast to grow by 16% per annum over the same time period. Announcement • May 10
SMCP group Appoints Jérémie Le Febvre as CEO of Fursac, Effective 15 May 2023 SMCP group announced the appointment of Jérémie Le Febvre as CEO of Fursac, effective 15 May 2023. In this role, he will also join the SMCP Executive Committee. Jérémie Le Febvre, 40, is taking over as CEO of Fursac after several years in key positions in the fashion industry. Before joining the group, he managed A-COLD-WALL alongside its Artistic Director. Prior to that, he worked on several brands and notably AMI, at a key moment of its development, alongside the founding Artistic Director and the CEO. During this experience, he co-managed a multidisciplinary and global team that allowed him to put his leadership skills at the service of an ambitious creative environment, and to build a strong sensitivity for the world of men's fashion and the product. A graduate of HEC and holder of a Master's degree in International Corporate and Tax Law, Jérémie spent the first 10 years of his career in key positions in the financial industry. Buying Opportunity • May 03
Now 20% undervalued Over the last 90 days, the stock is up 5.4%. The fair value is estimated to be €9.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 70%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings is also forecast to grow by 16% per annum over the same time period. Buying Opportunity • Mar 14
Now 22% undervalued Over the last 90 days, the stock is up 27%. The fair value is estimated to be €10.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 70%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings is also forecast to grow by 16% per annum over the same time period. Reported Earnings • Mar 03
Full year 2022 earnings released Full year 2022 results: Revenue: €1.21b (up 16% from FY 2021). Net income: €51.3m (up 117% from FY 2021). Profit margin: 4.3% (up from 2.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Specialty Retail industry in Germany. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Christophe Chenut was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 02
SMCP Appoints Olivier Germain to Executive Committee SMCP announced the appointment of Olivier Germain as Claudie Pierlot’s CEO, effective from November 2, 2022. In this role, he will join the SMCP Executive Committee. Aged 51, Olivier Germain joins SMCP as CEO of Claudie Pierlot after spending two years at New Guards Group (Off white, Ambush, Palm Angels, Heron Peston.) as Chief Product Officer, and three years at Balmain in the same role. Having graduated from the ESSEC business school and holding a master degree in modern literature, Olivier developed his expertise in merchandising and retail at brands such as Tom Ford, YSL, Dior and Alexander McQueen, with a strong focus on the product offer and the desirability of the brands for which he was responsible. These experiences have given him a valuable business perspective, proven leadership skills and a deep understanding of the product. Reported Earnings • Aug 03
First half 2022 earnings released: EPS: €0.28 (vs €0.008 in 1H 2021) First half 2022 results: EPS: €0.28 (up from €0.008 in 1H 2021). Revenue: €565.4m (up 25% from 1H 2021). Net income: €20.7m (up €20.1m from 1H 2021). Profit margin: 3.7% (up from 0.1% in 1H 2021). Over the next year, revenue is forecast to grow 4.7%, compared to a 8.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €5.32, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Specialty Retail industry in Europe. Total loss to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.82 per share. Announcement • Apr 26
SMCP S.A. Provides Earnings Guidance for 2022 SMCP S.A. provided earnings guidance for 2022. For Full Year 2022, SMCP anticipates solid double-digit sales growth vs. 2021 and mid-single-digit sales growth vs. 2019. Regarding profitability, the Group expects an adjusted EBIT margin in line with 2021 in a context of significant inflation. Buying Opportunity • Apr 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €8.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings is also forecast to grow by 30% per annum over the same time period. Reported Earnings • Mar 10
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: €1.04b (up 19% from FY 2020). Net income: €23.6m (up €125.8m from FY 2020). Profit margin: 2.3% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 9.6%, compared to a 18% growth forecast for the retail industry in Germany. Reported Earnings • Sep 04
First half 2021 earnings released: EPS €0.01 (vs €1.20 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €453.3m (up 22% from 1H 2020). Net income: €600.0k (up €89.1m from 1H 2020). Profit margin: 0.1% (up from net loss in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 27
Full year 2020 earnings released: €1.38 loss per share (vs €0.59 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €873.0m (down 23% from FY 2019). Net loss: €102.2m (down 334% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 04
New 90-day high: €5.64 The company is up 4.0% from its price of €5.44 on 04 December 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Specialty Retail industry, which is also up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.05 per share. Announcement • Feb 24
The SMCP Group Announces Change in the Board of Directors The SMCP Group announced that Ms. Fanny Moizant has presented to the Chairman of the Board of Directors her resignation from her mandate as director of the Company, in order to be fully focused on her other activities, in particular the development of Vestiaire Collective, of which she is co-founder. The Board of Directors will work on the appointment of a new director to replace Ms. Fanny Moizant. Announcement • Jan 29
SMCP S.A. to Report Fiscal Year 2020 Results on Mar 24, 2021 SMCP S.A. announced that they will report fiscal year 2020 results on Mar 24, 2021 Announcement • Jan 06
SMCP Appoints Patricia Huyghues Despointes as Group Chief Financial Officer SMCP announced the appointment of Patricia Huyghues Despointes as Group Chief Financial Officer, after more than 15 years within the LVMH Group. In this role, Patricia Huyghues Despointes joins the SMCP Executive Committee. Announcement • Dec 09
SMCP Announces Appointment of Olivier Malvezin as Chief Digital Transformation & Operations Officer SMCP is entering into a new chapter, in which Digital and operations will have a key role, the Group announced the appointment of Olivier Malvezin as Chief Digital transformation & Operations officer. He will oversee Digital, Supply Chain, IT and Demand Planning teams at the Group level, and will join the Group’s Executive Committee from December 7, 2020. Olivier Malvezin joins SMCP after several experiences as Chief Digital Officer and Chief Information Officer. Prior to that, Olivier was Chief Digital Officer of Auchan Retail International. Previously, he was Chief Digital and Information Officer at Compass for four years where he managed the digital transformation of the group in Europe. Is New 90 Day High Low • Nov 16
New 90-day high: €4.31 The company is up 12% from its price of €3.86 on 18 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.28 per share. Is New 90 Day High Low • Oct 24
New 90-day high: €4.24 The company is up 17% from its price of €3.62 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.79 per share. Is New 90 Day High Low • Sep 25
New 90-day low: €3.47 The company is down 21% from its price of €4.37 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.81 per share.