ENXTPA:ALHRG

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Herige trades in building materials for professional and DIY customers primarily in France. More Details


Snowflake Analysis

Fair value with moderate growth potential.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

ALHRG

-1.4%

FR Trade Distributors

-0.6%

FR Market


1 Year Return

-18.0%

ALHRG

-8.4%

FR Trade Distributors

-7.9%

FR Market

Return vs Industry: ALHRG underperformed the French Trade Distributors industry which returned -8.4% over the past year.

Return vs Market: ALHRG underperformed the French Market which returned -7.9% over the past year.


Shareholder returns

ALHRGIndustryMarket
7 Day0%-1.4%-0.6%
30 Day3.4%4.4%4.6%
90 Day7.0%-6.7%1.2%
1 Year-18.0%-18.0%-7.8%-8.4%-5.9%-7.9%
3 Year-33.0%-35.4%-25.2%-30.8%4.8%-4.2%
5 Year1.4%-3.8%1.6%-11.8%30.2%12.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

15.06x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ALHRG (€25) is trading above our estimate of fair value (€6.15)

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


Price To Earnings Ratio

PE vs Industry: ALHRG is good value based on its PE Ratio (15.3x) compared to the XE Trade Distributors industry average (16.5x).

PE vs Market: ALHRG is good value based on its PE Ratio (15.3x) compared to the French market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: ALHRG is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: ALHRG's PB Ratio (0.7x) is in line with the FR Trade Distributors industry average.


Next Steps

Future Growth

How is Herige forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

60.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALHRG's forecast earnings growth (60.7% per year) is above the savings rate (0.6%).

Earnings vs Market: ALHRG's earnings (60.7% per year) are forecast to grow faster than the French market (23.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ALHRG's revenue (5.4% per year) is forecast to grow slower than the French market (6.8% per year).

High Growth Revenue: ALHRG's revenue (5.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ALHRG's Return on Equity is forecast to be low in 3 years time (8.6%).


Next Steps

Past Performance

How has Herige performed over the past 5 years?

38.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALHRG has a large one-off gain of €2.5M impacting its June 30 2020 financial results.

Growing Profit Margin: ALHRG's current net profit margins (0.8%) are higher than last year (0.8%).


Past Earnings Growth Analysis

Earnings Trend: ALHRG has become profitable over the past 5 years, growing earnings by 38.7% per year.

Accelerating Growth: ALHRG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ALHRG had negative earnings growth (-6.1%) over the past year, making it difficult to compare to the Trade Distributors industry average (-1.7%).


Return on Equity

High ROE: ALHRG's Return on Equity (4.7%) is considered low.


Next Steps

Financial Health

How is Herige's financial position?


Financial Position Analysis

Short Term Liabilities: ALHRG's short term assets (€264.1M) exceed its short term liabilities (€135.5M).

Long Term Liabilities: ALHRG's short term assets (€264.1M) exceed its long term liabilities (€179.2M).


Debt to Equity History and Analysis

Debt Level: ALHRG's debt to equity ratio (154.7%) is considered high.

Reducing Debt: ALHRG's debt to equity ratio has increased from 97.4% to 154.7% over the past 5 years.

Debt Coverage: ALHRG's debt is not well covered by operating cash flow (15.4%).

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


Balance Sheet


Next Steps

Dividend

What is Herige current dividend yield, its reliability and sustainability?

2.44%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: ALHRG is not paying a notable dividend for the French market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ALHRG's dividend in 3 years as they are not forecast to pay a notable one for the French market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.8yrs

Average board tenure


CEO

Benoit Hennaut

0.083

Tenure

Mr. Benoit Hennaut is the Chairman of Management Board and Managing Director at Herige since September 2020.


Board Members

NamePositionTenureCompensationOwnership
Alain Marion
0.083yr€378.29kno data
Jerome Caillaud
Vice Chairman of Supervisory Boardno data€22.17kno data
Olivier Robin
Member of the Supervisory Board22.75yrs€16.86kno data
Daniel Robin
Chairman of the Supervisory Board0.75yr€8.40k2.51%
€ 1.8m
Guylene Ardouin
Member of Supervisory Board Representing Employee Shareholders7.75yrs€9.20kno data
Marie Robin Raveneau
Member of the Supervisory Board7.75yrs€7.80kno data
Sebastien Caillaud
Member of Supervisory Board6.75yrs€9.00kno data
Caroline Weber
Independent Member of Supervisory Board5.75yrs€16.00kno data
Catherine Filoche
Independent Member of Supervisory Board3.75yrs€16.20kno data
Marie-Annick Coue
Employees Representative Member of Supervisory Board2.75yrs€800.00no data
Laurent Caillaud
Member of Supervisory Board1.75yrsno datano data

4.8yrs

Average Tenure

Experienced Board: ALHRG'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

Herige's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Herige
  • Ticker: ALHRG
  • Exchange: ENXTPA
  • Founded:
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: €70.955m
  • Shares outstanding: 2.88m
  • Website: https://www.groupe-herige.fr

Number of Employees


Location

  • Herige
  • Route de La Roche-sur-Yon
  • BP 7
  • L'Herbergement
  • Pays de la Loire
  • 85260
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALHRGENXTPA (Euronext Paris)YesOrdinary SharesFREURJan 1992
0O34LSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992

Biography

Herige trades in building materials for professional and DIY customers primarily in France. It also manufactures ready-mix concrete, industrial precast concrete, and insulated concrete forms, as well as in ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 22:18
End of Day Share Price2020/10/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.