Reported Earnings • May 05
Full year 2025 earnings released: EPS: €3.92 (vs €4.38 in FY 2024) Full year 2025 results: EPS: €3.92 (down from €4.38 in FY 2024). Revenue: €157.5m (up 14% from FY 2024). Net income: €2.93m (down 11% from FY 2024). Profit margin: 1.9% (down from 2.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 1.6% p.a. on average during the next 2 years, while revenues in the Machinery industry in France are expected to grow by 5.1%. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Apr 11
Gévelot SA, Annual General Meeting, Jun 11, 2026 Gévelot SA, Annual General Meeting, Jun 11, 2026. Announcement • Jan 30
Gévelot SA (ENXTPA:ALGEV) commences an Equity Buyback Plan for 75,207 shares, representing 10% for €18 million, under the authorization approved on June 12, 2025. Gévelot SA (ENXTPA:ALGEV) commences share repurchases on January 22, 2026, under the program mandated by the shareholders in the Combined General Meeting held on June 12, 2025. As per the mandate, the company is authorized to repurchase 75,207 shares representing 10% of it's share capital for €18 million. The purpose of the program is for any purpose permitted under the applicable laws and regulations, including but not limited to enhancing market activity or liquidity of the Company’s shares, acquiring shares to hold and potentially use them later as payment or exchange in the context of external growth operations, or canceling the acquired shares. The plan will be valid until December 12, 2026. Upcoming Dividend • Jun 12
Upcoming dividend of €5.00 per share Eligible shareholders must have bought the stock before 18 June 2025. Payment date: 20 June 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.6%. Lower than top quartile of French dividend payers (5.4%). Lower than average of industry peers (3.8%). Declared Dividend • May 29
Dividend of €5.00 announced Dividend of €5.00 is the same as last year. Ex-date: 18th June 2025 Payment date: 20th June 2025 Dividend yield will be 2.7%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is not covered by earnings (114% earnings payout ratio) and 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 11% 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. The company's earnings per share (EPS) would need to grow by 27% to bring the payout ratio under control. However, EPS has declined by 17% over the last 5 years so the company would need to reverse this trend. Announcement • May 28
Gévelot SA announces Annual dividend, payable on June 20, 2025 Gévelot SA announced Annual dividend of EUR 5.0000 per share payable on June 20, 2025, ex-date on June 18, 2025 and record date on June 19, 2025. New Risk • May 22
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 114% The company is paying a dividend despite having no free cash flows. Dividend yield: 2.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 114% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (2.4% net profit margin). New Risk • Apr 14
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: 2.4% Last year net profit margin: 8.8% 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. Reported Earnings • Apr 14
Full year 2024 earnings released Full year 2024 results: Revenue: €138.1m (down 8.7% from FY 2023). Net income: €3.30m (down 75% from FY 2023). Profit margin: 2.4% (down from 8.8% in FY 2023). The decrease in margin was driven by lower revenue. Announcement • Apr 12
Gévelot SA, Annual General Meeting, Jun 12, 2025 Gévelot SA, Annual General Meeting, Jun 12, 2025. New Risk • Oct 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.4% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 16
First half 2024 earnings released First half 2024 results: Revenue: €69.7m (down 8.8% from 1H 2023). Net income: €4.90m (down 32% from 1H 2023). Profit margin: 7.0% (down from 9.4% in 1H 2023). The decrease in margin was driven by lower revenue. Upcoming Dividend • Jun 12
Upcoming dividend of €5.00 per share Eligible shareholders must have bought the stock before 19 June 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 28% and the cash payout ratio is 87%. Trailing yield: 2.1%. Lower than top quartile of French dividend payers (5.2%). Lower than average of industry peers (3.8%). Reported Earnings • May 02
Full year 2023 earnings released: EPS: €17.56 (vs €10.51 in FY 2022) Full year 2023 results: EPS: €17.56 (up from €10.51 in FY 2022). Revenue: €157.1m (up 16% from FY 2022). Net income: €13.3m (up 65% from FY 2022). Profit margin: 8.4% (up from 5.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. New Risk • Apr 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Reported Earnings • Oct 18
First half 2023 earnings released: EPS: €9.53 (vs €2.17 in 1H 2022) First half 2023 results: EPS: €9.53 (up from €2.17 in 1H 2022). Revenue: €76.5m (up 21% from 1H 2022). Net income: €7.22m (up 333% from 1H 2022). Profit margin: 9.4% (up from 2.6% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 21
Upcoming dividend of €4.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 28 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of French dividend payers (5.2%). Higher than average of industry peers (1.2%). New Risk • Jun 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 18% per year over the past 5 years. High level of non-cash earnings (27% accrual ratio). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). MD, CEO & Chairman Mario Martignoni was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 14
First half 2022 earnings released First half 2022 results: Revenue: €63.1m (up 33% from 1H 2021). Net income: €1.70m (up 10% from 1H 2021). Profit margin: 2.7% (down from 3.3% in 1H 2021). The decrease in margin was driven by higher expenses. Upcoming Dividend • Jun 09
Upcoming dividend of €3.00 per share Eligible shareholders must have bought the stock before 16 June 2022. Payment date: 20 June 2022. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of French dividend payers (4.9%). Higher than average of industry peers (1.2%). Reported Earnings • Apr 29
Full year 2021 earnings released: EPS: €9.40 (vs €1.27 in FY 2020) Full year 2021 results: EPS: €9.40 (up from €1.27 in FY 2020). Revenue: €107.3m (up 20% from FY 2020). Net income: €7.24m (up €6.26m from FY 2020). Profit margin: 6.7% (up from 1.1% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chairman & CEO Mario Martignoni was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Jun 15
Upcoming dividend of €2.00 per share Eligible shareholders must have bought the stock before 22 June 2021. Payment date: 24 June 2021. Trailing yield: 1.1%. Lower than top quartile of French dividend payers (3.7%). Higher than average of industry peers (0.7%). Reported Earnings • May 04
Full year 2020 earnings released: EPS €1.27 (vs €11.25 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €95.7m (down 7.7% from FY 2019). Net income: €976.0k (down 89% from FY 2019). Profit margin: 1.0% (down from 8.3% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 12
New 90-day high: €168 The company is up 4.0% from its price of €162 on 13 November 2020. The French market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 7.0% over the same period. Is New 90 Day High Low • Jan 23
New 90-day high: €166 The company is up 4.0% from its price of €160 on 23 October 2020. The French market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 24% over the same period. Reported Earnings • Oct 17
First half earnings released Over the last 12 months the company has reported total profits of €383.0k, down 95% from the prior year. Total revenue was €96.6m over the last 12 months, up 1.6% from the prior year.