New Risk • Jun 03
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 French stocks, typically moving 20% 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Jun 03
Now 75% overvalued after recent price rise Over the last 90 days, the stock has risen 63% to €490. The fair value is estimated to be €279, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 13%. Announcement • May 27
Installux S.A. announces Annual dividend, payable on August 27, 2026 Installux S.A. announced Annual dividend of EUR 8.0000 per share payable on August 27, 2026, ex-date on August 25, 2026 and record date on August 26, 2026. Reported Earnings • May 05
Full year 2025 earnings released: EPS: €26.96 (vs €30.23 in FY 2024) Full year 2025 results: EPS: €26.96 (down from €30.23 in FY 2024). Revenue: €164.7m (up 12% from FY 2024). Net income: €7.53m (down 11% from FY 2024). Profit margin: 4.6% (down from 5.7% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • May 04
Installux S.A., Annual General Meeting, Jun 11, 2026 Installux S.A., Annual General Meeting, Jun 11, 2026. Location: chemin du bois rond, saint bonnet de mure France New Risk • Oct 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €85.5m (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€85.5m market cap, or US$99.6m). Upcoming Dividend • Jun 19
Upcoming dividend of €8.00 per share Eligible shareholders must have bought the stock before 26 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of French dividend payers (5.4%). Higher than average of industry peers (2.0%). Declared Dividend • May 23
Dividend of €8.00 announced Dividend of €8.00 is the same as last year. Ex-date: 26th June 2025 Payment date: 30th June 2025 Dividend yield will be 2.6%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • May 22
Installux S.A., Annual General Meeting, Jun 26, 2025 Installux S.A., Annual General Meeting, Jun 26, 2025. Location: chemin du bois rond, saint bonnet de mure France Reported Earnings • May 04
Full year 2024 earnings released: EPS: €30.23 (vs €23.29 in FY 2023) Full year 2024 results: EPS: €30.23 (up from €23.29 in FY 2023). Revenue: €147.6m (down 1.3% from FY 2023). Net income: €8.45m (up 30% from FY 2023). Profit margin: 5.7% (up from 4.4% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Feb 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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 Earnings have declined by 0.8% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (€86.1m market cap, or US$90.3m). New Risk • Dec 26
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 French stocks, typically moving 6.6% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.8% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.6% average weekly change). Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €302, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 15x in the Building industry in France. Total loss to shareholders of 19% over the past three years. New Risk • Nov 29
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.7m (US$96.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.8% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€91.7m market cap, or US$96.6m). New Risk • Aug 07
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 French stocks, typically moving 8.5% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.2% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (€83.9m market cap, or US$91.6m). Upcoming Dividend • Jun 14
Upcoming dividend of €8.00 per share Eligible shareholders must have bought the stock before 21 June 2024. Payment date: 25 June 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of French dividend payers (5.5%). Higher than average of industry peers (2.1%). Announcement • May 09
Installux S.A., Annual General Meeting, Jun 11, 2024 Installux S.A., Annual General Meeting, Jun 11, 2024. Location: chemin du bois rond, saint bonnet de mure France New Risk • Dec 31
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (€74.5m market cap, or US$82.2m). Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €278, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 15x in the Building industry in Europe. Total loss to shareholders of 14% over the past three years. New Risk • Dec 06
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 French stocks, typically moving 7.7% 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (€80.6m market cap, or US$87.0m). Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €288, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 14x in the Building industry in Europe. Total loss to shareholders of 7.5% over the past three years. Reported Earnings • Aug 03
First half 2023 earnings released: EPS: €12.38 (vs €22.03 in 1H 2022) First half 2023 results: EPS: €12.38 (down from €22.03 in 1H 2022). Revenue: €81.0m (down 14% from 1H 2022). Net income: €3.47m (down 44% from 1H 2022). Profit margin: 4.3% (down from 6.6% in 1H 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat. Upcoming Dividend • Jun 19
Upcoming dividend of €8.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 26 June 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of French dividend payers (5.2%). Lower than average of industry peers (3.5%). New Risk • Jun 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.3m (US$98.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.3% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (€91.3m market cap, or US$98.1m). 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. 2 highly experienced directors. No independent directors (8 non-independent directors). Director Nicole Canquery was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Aug 26
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. 2 highly experienced directors. No independent directors (8 non-independent directors). Director Nicole Canquery was the last director to join the board, commencing their role in 2018. 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 17
Upcoming dividend of €8.00 per share Eligible shareholders must have bought the stock before 24 June 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of French dividend payers (5.3%). Lower than average of industry peers (2.4%). Reported Earnings • May 01
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: €29.90 (up from €12.66 in FY 2020). Revenue: €138.7m (up 23% from FY 2020). Net income: €8.44m (up 134% from FY 2020). Profit margin: 6.1% (up from 3.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year. 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. 8 experienced directors. No highly experienced directors. No independent directors (8 non-independent directors). Director Nicole Canquery was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improved over the past week After last week's 17% share price gain to €480, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 15x in the Building industry in France. Total returns to shareholders of 56% over the past three years. Upcoming Dividend • Jun 19
Upcoming dividend of €8.00 per share Eligible shareholders must have bought the stock before 25 June 2021. Payment date: 29 June 2021. Trailing yield: 2.0%. Lower than top quartile of French dividend payers (3.7%). Higher than average of industry peers (1.5%). Reported Earnings • May 06
Full year 2020 earnings released: EPS €12.66 (vs €29.57 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €113.2m (down 15% from FY 2019). Net income: €3.61m (down 58% from FY 2019). Profit margin: 3.2% (down from 6.5% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 19
New 90-day high: €390 The company is up 34% from its price of €292 on 21 October 2020. The French market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 17% over the same period. Is New 90 Day High Low • Dec 24
New 90-day high: €350 The company is up 22% from its price of €288 on 25 September 2020. The French market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 10
New 90-day high: €332 The company is up 15% from its price of €288 on 10 September 2020. The French market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 12% over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: €316 The company is up 7.0% from its price of €294 on 21 August 2020. The French market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 18% over the same period. Is New 90 Day High Low • Oct 24
New 90-day high: €314 The company is up 5.0% from its price of €300 on 24 July 2020. The French market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Building industry, which is up 6.0% over the same period. Is New 90 Day High Low • Sep 19
New 90-day low: €284 The company is down 12% from its price of €322 on 19 June 2020. The French market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 15% over the same period.