Buy Or Sell Opportunity • May 04
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to €146. The fair value is estimated to be €187, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Buy Or Sell Opportunity • Apr 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to €150. The fair value is estimated to be €188, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Buy Or Sell Opportunity • Feb 10
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to €173. The fair value is estimated to be €144, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Buy Or Sell Opportunity • Jan 26
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to €175. The fair value is estimated to be €145, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Buy Or Sell Opportunity • Jan 06
Now 21% undervalued Over the last 90 days, the stock has risen 17% to €172. The fair value is estimated to be €216, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Buy Or Sell Opportunity • Dec 09
Now 20% undervalued Over the last 90 days, the stock has risen 15% to €170. The fair value is estimated to be €213, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €173, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 8x in the Auto industry in Europe. Total returns to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €213 per share. Announcement • Dec 02
Trigano S.A., Annual General Meeting, Jan 06, 2026 Trigano S.A., Annual General Meeting, Jan 06, 2026. Location: hotel sofitel paris arc de triomphe, salon verriere, 14 rue beaujon, paris France Reported Earnings • Nov 27
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: €12.41 (down from €19.39 in FY 2024). Revenue: €3.69b (down 6.1% from FY 2024). Net income: €239.3m (down 36% from FY 2024). Profit margin: 6.5% (down from 9.5% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.1%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Auto industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 27
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.5% Last year net profit margin: 9.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Declared Dividend • Sep 28
First half dividend of €1.85 announced Shareholders will receive a dividend of €1.85. Ex-date: 6th October 2025 Payment date: 8th October 2025 Dividend yield will be 2.4%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 28% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Sep 23
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at €140. The fair value is estimated to be €175, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 8.2% in 2 years. Earnings are forecast to grow by 6.6% in the next 2 years. Declared Dividend • May 16
Final dividend of €1.75 announced Shareholders will receive a dividend of €1.75. Ex-date: 30th May 2025 Payment date: 3rd June 2025 Dividend yield will be 2.7%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is covered by earnings (18% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 28% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 12% over the next 3 years. However, it would need to fall by 80% to increase the payout ratio to a potentially unsustainable range. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €132, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 6x in the Auto industry in Europe. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €189 per share. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €105, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 5x in the Auto industry in Europe. Total loss to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €181 per share. Reported Earnings • Nov 28
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: €19.39 (up from €15.95 in FY 2023). Revenue: €3.93b (up 13% from FY 2023). Net income: €374.4m (up 22% from FY 2023). Profit margin: 9.5% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Auto industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €120, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 4x in the Auto industry in Europe. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €119 per share. Buy Or Sell Opportunity • Aug 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to €106. The fair value is estimated to be €135, 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. Earnings per share has grown by 18%. Revenue is forecast to decline by 0.7% in 2 years. Earnings are forecast to decline by 11% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €118, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Auto industry in Europe. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €170 per share. Buy Or Sell Opportunity • Jun 13
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to €125. The fair value is estimated to be €172, 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. Earnings per share has grown by 18%. Revenue is forecast to grow by 1.8% in 2 years. Earnings are forecast to decline by 6.0% in the next 2 years. New Risk • May 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 2.7% per year for the foreseeable future. High level of non-cash earnings (23% accrual ratio). Minor Risk Dividend is not well covered by cash flows (331% cash payout ratio). Declared Dividend • May 17
Final dividend of €1.75 announced Shareholders will receive a dividend of €1.75. Ex-date: 22nd May 2024 Payment date: 24th May 2024 Dividend yield will be 2.4%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 28% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 8.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Jan 10
Upcoming dividend of €1.75 per share at 2.4% yield Eligible shareholders must have bought the stock before 17 January 2024. Payment date: 19 January 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of French dividend payers (5.3%). Lower than average of industry peers (6.1%). Reported Earnings • Nov 29
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: €15.95 (up from €14.58 in FY 2022). Revenue: €3.50b (up 10% from FY 2022). Net income: €308.1m (up 11% from FY 2022). Profit margin: 8.8% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Auto industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Sep 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.5%. The fair value is estimated to be €150, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 21% in the next 2 years. Reported Earnings • May 23
First half 2023 earnings released: EPS: €6.30 (vs €7.34 in 1H 2022) First half 2023 results: EPS: €6.30 (down from €7.34 in 1H 2022). Revenue: €1.62b (up 8.4% from 1H 2022). Net income: €121.6m (down 14% from 1H 2022). Profit margin: 7.5% (down from 9.5% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Auto industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 19% per year. Announcement • May 09
Bénéteau Enter into Exclusive Discussions with Trigano to Sell BIO HABITAT Bénéteau S.A. (ENXTPA:BEN) said it has entered into exclusive discussions with Trigano S.A. (ENXTPA:TRI) to sell its housing business which is focused on manufacturing leisure homes for the camping tourism sector. The talks concern Beneteau’s subsidiary BIO HABITAT, including the O'HARA, IRM and COCO SWEET brands, as well as all of its employees. The financial details of the transaction under negotiations were not disclosed. A potential divestment will be aligned with the French boats maker’s push to focus on its core business. Price Target Changed • Jan 11
Price target increased to €162 Up from €150, the current price target is an average from 7 analysts. New target price is 31% above last closing price of €124. Stock is down 31% over the past year. The company is forecast to post earnings per share of €15.56 for next year compared to €14.58 last year. Board Change • Jan 10
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. 6 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Member of the Supervisory Board Jean-Luc Gérard is the most experienced director on the board, commencing their role in 2016. Independent Member of the Supervisory Board Valérie Frohly was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Upcoming Dividend • Jan 04
Upcoming dividend of €1.75 per share Eligible shareholders must have bought the stock before 11 January 2023. Payment date: 13 January 2023. Payout ratio is a comfortable 24% but the company is paying out more than the cash it is generating. Trailing yield: 2.8%. Lower than top quartile of French dividend payers (5.5%). Lower than average of industry peers (6.8%). Reported Earnings • Dec 02
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: €14.58 (up from €11.55 in FY 2021). Revenue: €3.20b (up 8.9% from FY 2021). Net income: €278.4m (up 25% from FY 2021). Profit margin: 8.7% (up from 7.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Auto industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Nov 17
Now 20% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be €136, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 21% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improved over the past week After last week's 21% share price gain to €90.60, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Auto industry in Europe. Total returns to shareholders of 34% over the past three years. Price Target Changed • Aug 17
Price target decreased to €156 Down from €171, the current price target is an average from 7 analysts. New target price is 66% above last closing price of €94.30. Stock is down 48% over the past year. The company is forecast to post earnings per share of €13.76 for next year compared to €11.55 last year. Price Target Changed • Jun 30
Price target decreased to €171 Down from €202, the current price target is an average from 7 analysts. New target price is 83% above last closing price of €93.40. Stock is down 49% over the past year. The company is forecast to post earnings per share of €15.24 for next year compared to €11.55 last year. Price Target Changed • Jun 20
Price target decreased to €199 Down from €217, the current price target is an average from 7 analysts. New target price is 89% above last closing price of €105. Stock is down 40% over the past year. The company is forecast to post earnings per share of €15.34 for next year compared to €11.55 last year.