Latécoère
Market Cap
€190.5m
Last Updated
2020/11/25 21:05 UTC
Data Sources
Company Financials +
Executive Summary
Latécoère S.A. designs, develops, manufactures, and supports aerostructures and interconnection systems in Europe, the United States, Asia, and internationally. More Details
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Excellent balance sheet with concerning outlook.
Similar Companies
Share Price & News
How has Latécoère's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LAT is more volatile than 75% of French stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: LAT's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of French stocks.
Market Performance
7 Day Return
-0.5%
LAT
1.6%
FR Aerospace & Defense
0.8%
FR Market
1 Year Return
-46.0%
LAT
-24.6%
FR Aerospace & Defense
-2.7%
FR Market
Return vs Industry: LAT underperformed the French Aerospace & Defense industry which returned -26% over the past year.
Return vs Market: LAT underperformed the French Market which returned -3.4% over the past year.
Shareholder returns
| LAT | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.5% | 1.6% | 0.8% |
| 30 Day | 77.8% | 31.3% | 11.0% |
| 90 Day | 14.7% | 26.7% | 10.1% |
| 1 Year | -46.0%-46.0% | -24.6%-24.6% | -0.7%-2.7% |
| 3 Year | -61.6%-61.6% | 13.6%10.0% | 17.3%7.7% |
| 5 Year | -49.0%-49.0% | 51.7%41.3% | 45.4%25.6% |
Long-Term Price Volatility Vs. Market
How volatile is Latécoère's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
Those Who Purchased Latécoère (EPA:LAT) Shares Five Years Ago Have A 75% Loss To Show For It1 year ago | Simply Wall St
At €3.21, Is Latécoère S.A. (EPA:LAT) Worth Looking At Closely?1 year ago | Simply Wall St
What Kind Of Investor Owns Most Of Latécoère S.A. (EPA:LAT)?Valuation
Is Latécoère undervalued compared to its fair value and its price relative to the market?
1.97x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: LAT (€2.08) is trading above our estimate of fair value (€1.43)
Significantly Below Fair Value: LAT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LAT is unprofitable, so we can't compare its PE Ratio to the FR Aerospace & Defense industry average.
PE vs Market: LAT is unprofitable, so we can't compare its PE Ratio to the French market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate LAT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: LAT is overvalued based on its PB Ratio (2x) compared to the FR Aerospace & Defense industry average (1.8x).
Next Steps
Future Growth
How is Latécoère forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
85.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LAT is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: LAT is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: LAT is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: LAT's revenue (8% per year) is forecast to grow faster than the French market (7.2% per year).
High Growth Revenue: LAT's revenue (8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LAT is forecast to be unprofitable in 3 years.
Next Steps
Past Performance
How has Latécoère performed over the past 5 years?
-48.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LAT is currently unprofitable.
Growing Profit Margin: LAT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: LAT is unprofitable, and losses have increased over the past 5 years at a rate of 48.2% per year.
Accelerating Growth: Unable to compare LAT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LAT is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (-36%).
Return on Equity
High ROE: LAT has a negative Return on Equity (-121.12%), as it is currently unprofitable.
Next Steps
Financial Health
How is Latécoère's financial position?
Financial Position Analysis
Short Term Liabilities: LAT's short term assets (€328.4M) exceed its short term liabilities (€284.8M).
Long Term Liabilities: LAT's short term assets (€328.4M) exceed its long term liabilities (€155.8M).
Debt to Equity History and Analysis
Debt Level: LAT's debt to equity ratio (153.3%) is considered high.
Reducing Debt: LAT's debt to equity ratio has reduced from 336.2% to 153.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable LAT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: LAT is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 38.3% per year.
Next Steps
Dividend
What is Latécoère current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate LAT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate LAT'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 LAT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LAT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of LAT'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?
0.8yrs
Average management tenure
CEO
Philip Swash (56 yo)
0.67
Tenure
Mr. Philip Antony Swash serves as Chief Executive Officer at Latécoère S.A. since 2020 and was its Group Chief Executive Officer since March 17, 2020 until 2020. He serves as Director at Latécoère S.A. sin...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 0.67yr | no data | no data | |
| Group Chief Financial Officer | 1.83yrs | no data | no data | |
| Deputy CEO & GM of the Interconnection Systems Division | no data | no data | no data | |
| Chief Research & Technology Officer | 0.83yr | no data | no data | |
| Communication Director | no data | no data | no data | |
| Vice President of Marketing & Strategy | no data | no data | no data | |
| Group Human Resources Director | no data | no data | no data | |
| Senior Vice President of American Affaires | no data | no data | no data | |
| Company Secretary | no data | €7.50k | no data | |
| Cost Control Manager | no data | €105.94k | 0.000010% € 19.1 |
0.8yrs
Average Tenure
56yo
Average Age
Experienced Management: LAT's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 0.67yr | no data | no data | |
| Independent Chairman of the Board | 5.17yrs | €200.00k | no data | |
| Independent Director | 0.42yr | no data | no data | |
| Director | 0.67yr | no data | no data | |
| Director | 0.67yr | €26.50k | no data | |
| Director | 1.42yrs | €36.50k | no data | |
| Director | 1.42yrs | no data | no data | |
| Representing Employees Director | 2.5yrs | €53.37k | no data |
1.1yrs
Average Tenure
54yo
Average Age
Experienced Board: LAT's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.
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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Latécoère S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Latécoère S.A.
- Ticker: LAT
- Exchange: ENXTPA
- Founded: 1917
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Market Cap: €190.524m
- Shares outstanding: 94.79m
- Website: https://www.latecoere.aero
Number of Employees
Location
- Latécoère S.A.
- 135, rue de Periole
- BP 25211
- Toulouse
- Midi-Pyrénées
- 31079
- France
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| LAT | ENXTPA (Euronext Paris) | Yes | Ordinary Shares | FR | EUR | Jan 1992 |
| 0IXT | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
| LATP | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
| 12J | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
Biography
Latécoère S.A. designs, develops, manufactures, and supports aerostructures and interconnection systems in Europe, the United States, Asia, and internationally. The company operates through two segments, A...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/25 21:05 |
| End of Day Share Price | 2020/11/24 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.