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FII

Lisi ENXTPA:FII Stock Report

Last Price

€19.36

Market Cap

€1.0b

7D

3.0%

1Y

-29.3%

Updated

24 Jun, 2022

Data

Company Financials +
FII fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance2/6
Financial Health6/6
Dividends3/6

FII Stock Overview

Lisi S.A. provides assembly and component solutions for the aerospace, automotive, and medical industries in France and internationally.

Rewards

Trading at 60.5% below our estimate of its fair value

Earnings are forecast to grow 27.94% per year

Became profitable this year

Risk Analysis

No risks detected for FII from our risk checks.

Lisi Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Lisi
Historical stock prices
Current Share Price€19.36
52 Week High€30.90
52 Week Low€17.70
Beta2.16
1 Month Change-3.20%
3 Month Change-11.60%
1 Year Change-29.34%
3 Year Change-31.95%
5 Year Change-53.58%
Change since IPO1,196.88%

Recent News & Updates

Jun 04
Returns On Capital Signal Tricky Times Ahead For Lisi (EPA:FII)

Returns On Capital Signal Tricky Times Ahead For Lisi (EPA:FII)

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Apr 06
Is Lisi (EPA:FII) Using Too Much Debt?

Is Lisi (EPA:FII) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

FIIFR Aerospace & DefenseFR Market
7D3.0%0.1%3.6%
1Y-29.3%-10.8%-11.3%

Return vs Industry: FII underperformed the French Aerospace & Defense industry which returned -13.6% over the past year.

Return vs Market: FII underperformed the French Market which returned -14% over the past year.

Price Volatility

Is FII's price volatile compared to industry and market?
FII volatility
FII Average Weekly Movement5.7%
Aerospace & Defense Industry Average Movement4.3%
Market Average Movement5.0%
10% most volatile stocks in FR Market9.2%
10% least volatile stocks in FR Market2.9%

Stable Share Price: FII is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: FII's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
17779,480Emmanuel Viellardhttps://www.lisi-group.com

Lisi S.A. provides assembly and component solutions for the aerospace, automotive, and medical industries in France and internationally. It operates through three divisions: LISI Aerospace, LISI Automotive, and LISI Medical. It offers titanium nuts, lightning strike protection, safety locks, and fuse pins; compressor blade and strut for the LEAP engine; LEAP engines composite fan blade leading edge; air intake lipskin for the airbus; power transmission semi-machined gears; stator vanes; and satellite antenna brackets for airplanes and helicopters.

Lisi Fundamentals Summary

How do Lisi's earnings and revenue compare to its market cap?
FII fundamental statistics
Market Cap€1.03b
Earnings (TTM)€44.05m
Revenue (TTM)€1.20b

23.3x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FII income statement (TTM)
Revenue€1.20b
Cost of Revenue€563.00m
Gross Profit€636.44m
Other Expenses€592.40m
Earnings€44.05m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.83
Gross Margin53.06%
Net Profit Margin3.67%
Debt/Equity Ratio37.1%

How did FII perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

35%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is FII undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FII?

Other financial metrics that can be useful for relative valuation.

FII key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.1x
Enterprise Value/EBITDA8.8x
PEG Ratio0.8x

Price to Earnings Ratio vs Peers

How does FII's PE Ratio compare to its peers?

FII PE Ratio vs Peers
The above table shows the PE ratio for FII vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average44.5x

Price-To-Earnings vs Peers: FII is good value based on its Price-To-Earnings Ratio (23.3x) compared to the peer average (44.5x).


Price to Earnings Ratio vs Industry

How does FII's PE Ratio compare vs other companies in the Aerospace & Defense Industry?

Price-To-Earnings vs Industry: FII is expensive based on its Price-To-Earnings Ratio (23.3x) compared to the French Aerospace & Defense industry average (22.7x)


Price to Earnings Ratio vs Fair Ratio

What is FII's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FII PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.3x
Fair PE Ratio23.4x

Price-To-Earnings vs Fair Ratio: FII is good value based on its Price-To-Earnings Ratio (23.3x) compared to the estimated Fair Price-To-Earnings Ratio (23.4x).


Share Price vs Fair Value

What is the Fair Price of FII when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FII (€19.36) is trading below our estimate of fair value (€49.01)

Significantly Below Fair Value: FII is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: FII is good value based on its PEG Ratio (0.8x)


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Future Growth

How is Lisi forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


27.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FII's forecast earnings growth (27.9% per year) is above the savings rate (0.3%).

Earnings vs Market: FII's earnings (27.9% per year) are forecast to grow faster than the French market (11.8% per year).

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

Revenue vs Market: FII's revenue (10.9% per year) is forecast to grow faster than the French market (5.9% per year).

High Growth Revenue: FII's revenue (10.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FII's Return on Equity is forecast to be low in 3 years time (8%).


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Past Performance

How has Lisi performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-37.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FII has high quality earnings.

Growing Profit Margin: FII became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: FII's earnings have declined by 37.4% per year over the past 5 years.

Accelerating Growth: FII has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: FII has become profitable in the last year, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (13.3%).


Return on Equity

High ROE: FII's Return on Equity (4.2%) is considered low.


Discover strong past performing companies

Financial Health

How is Lisi's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FII's short term assets (€733.8M) exceed its short term liabilities (€432.5M).

Long Term Liabilities: FII's short term assets (€733.8M) exceed its long term liabilities (€438.4M).


Debt to Equity History and Analysis

Debt Level: FII's net debt to equity ratio (16.6%) is considered satisfactory.

Reducing Debt: FII's debt to equity ratio has reduced from 40% to 37.1% over the past 5 years.

Debt Coverage: FII's debt is well covered by operating cash flow (30.7%).

Interest Coverage: FII's interest payments on its debt are well covered by EBIT (12.6x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.50%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: FII's dividend (1.5%) isn’t notable compared to the bottom 25% of dividend payers in the French market (1.82%).

High Dividend: FII's dividend (1.5%) is low compared to the top 25% of dividend payers in the French market (5.47%).


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (34.9%), FII's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (28.7%), FII's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

13.4yrs

Average board tenure


CEO

Emmanuel Viellard (57 yo)

6.25yrs

Tenure

€902,724

Compensation

Mr. Viellard Emmanuel has been the Chief Executive Officer of Lisi SA. He had been an Executive General Manager of the Group and Chief Executive Officer at Lisi SA since March 1, 2016. Mr. Emmanuel serves...


CEO Compensation Analysis

Compensation vs Market: Emmanuel's total compensation ($USD952.24K) is above average for companies of similar size in the French market ($USD549.35K).

Compensation vs Earnings: Emmanuel's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: FII's board of directors are seasoned and experienced ( 13.4 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

Lisi S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Lisi S.A.
  • Ticker: FII
  • Exchange: ENXTPA
  • Founded: 1777
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Implied Market Cap: €1.025b
  • Shares outstanding: 52.96m
  • Website: https://www.lisi-group.com

Number of Employees


Location

  • Lisi S.A.
  • 6 rue JuvEnal Viellard
  • Grandvillars
  • Belfort
  • Franche Comté
  • 90008
  • France

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.