ENXTPA:EXE

Stock Analysis Report

Exel Industries Société Anonyme

Executive Summary

Exel Industries Société Anonyme designs, manufactures, and markets precision sprayers for the agricultural, industrial, and consumer markets worldwide.

Snowflake

Fundamentals

Undervalued with adequate balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has Exel Industries Société Anonyme's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.5%

EXE

-0.5%

FR Machinery

-0.4%

FR Market


1 Year Return

-51.1%

EXE

-9.1%

FR Machinery

9.5%

FR Market

Return vs Industry: EXE underperformed the French Machinery industry which returned -9.1% over the past year.

Return vs Market: EXE underperformed the French Market which returned 9.5% over the past year.


Shareholder returns

EXEIndustryMarket
7 Day1.5%-0.5%-0.4%
30 Day-7.1%-1.6%-1.0%
90 Day-11.3%-3.7%-0.2%
1 Year-50.2%-51.1%1.1%-9.1%13.3%9.5%
3 Year-36.0%-38.8%52.2%34.7%42.5%28.7%
5 Year1.1%-7.1%37.0%20.8%71.0%45.0%

Price Volatility Vs. Market

How volatile is Exel Industries Société Anonyme's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Exel Industries Société Anonyme undervalued compared to its fair value and its price relative to the market?

14.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EXE (€41.8) is trading below our estimate of fair value (€48.63)

Significantly Below Fair Value: EXE is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: EXE is good value based on its PE Ratio (7.2x) compared to the Machinery industry average (11x).

PE vs Market: EXE is good value based on its PE Ratio (7.2x) compared to the French market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: EXE is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: EXE is good value based on its PB Ratio (0.8x) compared to the FR Machinery industry average (1.3x).


Next Steps

Future Growth

How is Exel Industries Société Anonyme forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

31.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EXE's forecast earnings growth (31.2% per year) is above the savings rate (0.7%).

Earnings vs Market: EXE's earnings (31.2% per year) are forecast to grow faster than the French market (11.5% per year).

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

Revenue vs Market: EXE's revenue (1% per year) is forecast to grow slower than the French market (4.4% per year).

High Growth Revenue: EXE's revenue (1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EXE's Return on Equity is forecast to be low in 3 years time (8.8%).


Next Steps

Past Performance

How has Exel Industries Société Anonyme performed over the past 5 years?

5.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: EXE's earnings have grown by 5.7% per year over the past 5 years.

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

Earnings vs Industry: EXE had negative earnings growth (-11.4%) over the past year, making it difficult to compare to the Machinery industry average (-4.8%).


Return on Equity

High ROE: EXE's Return on Equity (10.2%) is considered low.


Return on Assets

ROA vs Industry: EXE has a higher Return on Assets than the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: EXE's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Exel Industries Société Anonyme's financial position?


Financial Position Analysis

Short Term Liabilities: EXE's short term assets (€540.4M) exceeds its short term liabilities (€326.2M)

Long Term Liabilities: EXE's short term assets (540.4M) exceeds its long term liabilities (107.5M)


Debt to Equity History and Analysis

Debt Level: EXE's debt to equity ratio (57%) is considered high

Reducing Debt: EXE's debt to equity ratio has reduced from 74.7% to 57% over the past 5 years.

Debt Coverage: EXE's debt is not well covered by operating cash flow (7.5%).

Interest Coverage: EXE's interest payments on its debt are well covered by EBIT (14.8x coverage).


Balance Sheet

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

Debt Coverage by Assets: EXE's debt is covered by short term assets (assets are 2.665210x debt).


Next Steps

Dividend

What is Exel Industries Société Anonyme's current dividend yield, its reliability and sustainability?

2.73%

Current Dividend Yield


Dividend Yield vs Market

company2.7%marketbottom25%1.5%markettop25%4.7%industryaverage12.7%forecastin3Years2.6%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: EXE's dividend (2.73%) is higher than the bottom 25% of dividend payers in the French market (1.54%).

High Dividend: EXE's dividend (2.73%) is low compared to the top 25% of dividend payers in the French market (4.73%).

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

Growing Dividend: EXE's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.7%), EXE's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EXE's dividends in 3 years are forecast to be well covered by earnings (21% payout ratio).


Next Steps

Management

What is the CEO of Exel Industries Société Anonyme's salary, the management and board of directors tenure and is there insider trading?

11.3yrs

Average management tenure


CEO

Guerric Ballu (51yo)

8.5yrs

Tenure

€561,637

Compensation

Mr. Guerric Ballu serves as the Chief Executive Officer of Exel Industries of Agrifac Machinery B.V. Mr. Ballu has been Group Chief Executive Officer and Group Managing Director of Exel Industries Société  ...


CEO Compensation Analysis

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

Compensation vs Earnings: Guerric's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

11.3yrs

Average Tenure

Experienced Management: EXE's management team is seasoned and experienced (11.3 years average tenure).


Board Age and Tenure

5.7yrs

Average Tenure

58yo

Average Age

Experienced Board: EXE's board of directors are considered experienced (5.7 years average tenure).


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

  • Marc Ballu

    Deputy CEO

    • Tenure: 14yrs
    • Compensation: €410.33k
  • Guerric Ballu (51yo)

    Group CEO

    • Tenure: 8.5yrs
    • Compensation: €561.64k
  • Sten Kjelstrup

    Chief Executive Officer of Group HARDI

    • Tenure: 0yrs
  • Franck Ballu

    Deputy CEO & Executive VP

    • Tenure: 14yrs
    • Compensation: €118.39k
  • Cédric Perres

    Chief Executive Officer of SAMES KREMLIN Group

    • Tenure: 0yrs
  • Wolfgang Bergmann

    Chief Executive Officer of HOLMER Maschinenbau Gmbh

    • Tenure: 0yrs
  • Laurent de Buyer-Mineure

    Chief Executive Officer of TECNOMA Technologies & CMC

    • Tenure: 0yrs
  • Amandine Pascal

    Group Chief Legal Officer

    • Tenure: 0yrs
  • Philippe Besançon

    Group Chief Human Resources Officer

    • Tenure: 0yrs
  • Sophie Bouheret

    Group Chief Financial Officer

    • Tenure: 2.3yrs

Board Members

  • Marie-Pierre Cray Sirieix (72yo)

    Director

    • Tenure: 24.7yrs
    • Compensation: €25.00k
  • Daniel Tragus

    Chairman of MATROT Equipements & Herriau & Executive Vice-Chairman of HARDI International

    • Tenure: 0yrs
  • Patrick Ballu (75yo)

    Chairman

    • Tenure: 5.5yrs
    • Compensation: €84.99k
  • Marc Ballu

    Deputy CEO

    • Tenure: 14yrs
    • Compensation: €410.33k
  • Guerric Ballu (51yo)

    Group CEO

    • Tenure: 8.5yrs
    • Compensation: €561.64k
  • Claude Lopez (58yo)

    Independent Director

    • Tenure: 5.7yrs
    • Compensation: €26.00k
  • Dominique Lagouge

    Chairman of VERMOREL

    • Tenure: 0yrs
  • Pascale Auger (57yo)

    Independent Director

    • Tenure: 1.7yrs
  • Sébastien Tremblais

    Chairman of ET Works & CEO of BERTHOUD

    • Tenure: 0yrs
  • Sylvain Maccorin

    Director

    • Tenure: 1.7yrs

Company Information

Exel Industries Société Anonyme's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Exel Industries Société Anonyme
  • Ticker: EXE
  • Exchange: ENXTPA
  • Founded: 1952
  • Industry: Agricultural and Farm Machinery
  • Sector: Capital Goods
  • Market Cap: €283.640m
  • Shares outstanding: 6.79m
  • Website: https://www.exel-industries.com

Number of Employees


Location

  • Exel Industries Société Anonyme
  • 52, rue de la Victoire
  • Paris
  • Ile-de-France
  • 75009
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EXEENXTPA (Euronext Paris)YesCommon StockFREURJan 1998
0NA0LSE (London Stock Exchange)YesCommon StockGBEURJan 1998
EXEPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURJan 1998

Biography

Exel Industries Société Anonyme designs, manufactures, and markets precision sprayers for the agricultural, industrial, and consumer markets worldwide. The company offers garden spraying equipment; waterin ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 20:43
End of Day Share Price2019/10/21 00:00
Earnings2019/03/31
Annual Earnings2018/09/30


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.