ENXTPA:ALHRG

Stock Analysis Report

Executive Summary

Herige trades in building materials for professional and do-it-yourself customers primarily in France.

Snowflake

Fundamentals

Mediocre balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

1.4%

ALHRG

10.7%

FR Trade Distributors

4.2%

FR Market


1 Year Return

10.6%

ALHRG

-8.0%

FR Trade Distributors

9.4%

FR Market

Return vs Industry: ALHRG exceeded the French Trade Distributors industry which returned -8% over the past year.

Return vs Market: ALHRG exceeded the French Market which returned 9.4% over the past year.


Shareholder returns

ALHRGIndustryMarket
7 Day1.4%10.7%4.2%
30 Day0%-2.9%0.2%
90 Day5.4%-0.02%0.9%
1 Year13.4%10.6%-4.4%-8.0%13.1%9.4%
3 Year28.6%22.1%-1.3%-10.8%44.4%30.5%
5 Year46.0%36.7%3.6%-13.5%74.5%48.4%

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?

0.83x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: ALHRG (€29.3) is trading above our estimate of fair value (€14.13)

Significantly Undervalued: ALHRG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ALHRG is unprofitable, so we can't compare its PE Ratio to the Trade Distributors industry average.

PE vs Market: ALHRG is unprofitable, so we can't compare its PE Ratio to the French market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ALHRG is good value based on its PB Ratio (0.8x) compared to the FR Trade Distributors industry average (0.9x).


Next Steps

Future Growth

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

78.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALHRG is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: ALHRG is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: ALHRG is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: ALHRG's revenue (0.5% per year) is forecast to grow slower than the French market (4.5% per year).

High Growth Revenue: ALHRG's revenue (0.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if ALHRG's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Herige performed over the past 5 years?

-18.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ALHRG is unprofitable, and losses have increased over the past 5 years at a rate of -18.7% per year.

Accelerating Growth: Unable to compare ALHRG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ALHRG is unprofitable, making it difficult to compare its past year earnings growth to the Trade Distributors industry (7.9%).


Return on Equity

High ROE: ALHRG has a negative Return on Equity (-4.87%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: ALHRG is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: ALHRG is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Herige's financial position?


Financial Position Analysis

Short Term Liabilities: ALHRG's short term assets (€218.2M) exceeds its short term liabilities (€110.7M)

Long Term Liabilities: ALHRG's short term assets (218.2M) exceeds its long term liabilities (147.8M)


Debt to Equity History and Analysis

Debt Level: ALHRG's debt to equity ratio (101.4%) is considered high

Reducing Debt: ALHRG's debt to equity ratio has increased from 86.4% to 101.4% over the past 5 years.

Debt Coverage: ALHRG's debt is well covered by operating cash flow (22.2%).

Interest Coverage: ALHRG is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Inventory Level: ALHRG has a high level of physical assets or inventory.

Debt Coverage by Assets: ALHRG's debt is covered by short term assets (assets are 2.206580x debt).


Next Steps

Dividend

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

2.56%

Current Dividend Yield


Dividend Yield vs Market

company2.6%marketbottom25%1.5%markettop25%4.6%industryaverage2.6%forecastin3Years2.7%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: ALHRG's dividend (2.56%) is higher than the bottom 25% of dividend payers in the French market (1.55%).

High Dividend: ALHRG's dividend (2.56%) is low compared to the top 25% of dividend payers in the French market (4.61%).

Stable Dividend: ALHRG's dividend payments have been volatile in the past 10 years.

Growing Dividend: ALHRG's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: ALHRG is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Herige's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average board tenure


CEO

Alain Marion 0

0yrs

Tenure

€327,116

Compensation

Mr. Alain Marion serves as Chairman of the Management Board and Managing Director at Herige. Mr. Marion serves as Deputy Managing Director at iNoPLAST SA. He serves as Manager of SARL Sumaca Centre, SARL Q ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Alain's total compensation is reasonable compared to companies of similar size in the French market.

Compensation vs Earnings: Alain's compensation has increased whilst the company is unprofitable.


Board Age and Tenure

1.8yrs

Average Tenure

Experienced Board: ALHRG's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Alain Marion

    Chairman of the Management Board & MD

    • Tenure: 0yrs
    • Compensation: €327.12k
  • Bruno Cadudal

    Member of Executive Board

    • Tenure: 1.8yrs
    • Compensation: €347.62k
  • Caroline Lutinier

    Director of Communication Group

    • Tenure: 0yrs
  • Stéphane Jan

    Administrative & Financial Director and Member of Executive Board

    • Tenure: 0yrs
    • Compensation: €440.81k
  • Philippe Queneau

    Member of Executive Board

    • Tenure: 1.8yrs
    • Compensation: €306.25k

Board Members

  • Jerome Caillaud

    Vice Chairman of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €24.64k
  • Pascal Caillaud

    Member of the Supervisory Board

    • Tenure: 0yrs
    • Compensation: €9.00k
  • Olivier Robin

    Chairman of Supervisory Board

    • Tenure: 3.1yrs
    • Compensation: €32.15k
  • Daniel Robin

    Member of Supervisory Board

    • Tenure: 1.8yrs
    • Compensation: €4.10k
  • Guylene Ardouin

    Member of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €9.40k
  • Marie Robin Raveneau

    Member of the Supervisory Board

    • Tenure: 0yrs
    • Compensation: €8.20k
  • Sebastien Caillaud

    Member of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €15.40k
  • Caroline Weber

    Member of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €15.80k
  • Catherine Filoche

    Member of Supervisory Board

    • Tenure: 1.8yrs
    • Compensation: €8.20k

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: €84.799m
  • Shares outstanding: 2.89m
  • 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

Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 20:32
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.