Latécoère (ENXTPA:LAT) - Share price, News & Analysis

LAT fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	4/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

LAT Stock Overview

Latécoère S.A. designs, develops, manufactures, and supports aerostructures and interconnection systems in Europe, the United States, Africa, Asia, and internationally.

Rewards

Earnings are forecast to grow 121.58% per year

Risk Analysis

Shareholders have been substantially diluted in the past year

Latécoère Competitors

Figeac Aero Société Anonyme

ENXTPA:FGA

€164.9m

Sogeclair

ENXTPA:SOG

€65.5m

Raytheon Technologies

NYSE:RTX

US$138.2b

Boeing

NYSE:BA

US$70.6b

Price History & Performance

Summary of all time highs, changes and price drops for Latécoère
Historical stock prices
Current Share Price	€0.42
52 Week High	€2.08
52 Week Low	€0.37
Beta	2.23
1 Month Change	-3.74%
3 Month Change	-14.93%
1 Year Change	-76.55%
3 Year Change	-84.95%
5 Year Change	-88.74%
Change since IPO	-95.14%

Shareholder Returns

	LAT	FR Aerospace & Defense	FR Market
7D	5.6%	-2.7%	-1.5%
1Y	-76.5%	-72.1%	-18.8%

Return vs Industry: LAT underperformed the French Aerospace & Defense industry which returned -72.1% over the past year.

Return vs Market: LAT underperformed the French Market which returned -18.8% over the past year.

Price Volatility

Is LAT's price volatile compared to industry and market?
LAT volatility
LAT Average Weekly Movement	5.8%
Aerospace & Defense Industry Average Movement	6.6%
Market Average Movement	6.0%
10% most volatile stocks in FR Market	10.2%
10% least volatile stocks in FR Market	3.5%

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

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

About the Company

Founded	Employees	CEO	Website
1917	4,764	Thierry Mootz	https://www.latecoere.aero

Latécoère S.A. designs, develops, manufactures, and supports aerostructures and interconnection systems in Europe, the United States, Africa, Asia, and internationally. The company manufactures aircraft structural elements, such as aircraft doors; and fuselage components, such as aircraft sections, tail cones, nose cone fairings, etc. It also offers electrical harnesses and wiring interconnection systems, avionics racks, airborne video equipment and systems, and test benches for the aeronautics, defense, and space sectors, as well as cameras, screens, data transmission solutions. The company was founded in 1917 and is headquartered in Toulouse, France.

Latécoère Fundamentals Summary

How do Latécoère's earnings and revenue compare to its market cap?
LAT fundamental statistics
Market Cap	€227.34m
Earnings (TTM)	-€110.97m
Revenue (TTM)	€376.83m

0.6x

P/S Ratio

-2.0x

P/E Ratio

Is LAT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
LAT income statement (TTM)
Revenue	€376.83m
Cost of Revenue	€249.86m
Gross Profit	€126.97m
Other Expenses	€237.95m
Earnings	-€110.97m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Sep 20, 2022

Earnings per share (EPS)	-0.21
Gross Margin	33.69%
Net Profit Margin	-29.45%
Debt/Equity Ratio	201.0%

How did LAT perform over the long term?

See historical performance and comparison

Valuation

Is Latécoère undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

1.51x

Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate LAT's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate LAT's fair value for valuation analysis.

Price To Earnings Ratio

PE vs Industry: LAT is unprofitable, so we can't compare its Price-To-Earnings Ratio to the French Aerospace & Defense industry average.

PE vs Market: LAT is unprofitable, so we can't compare its Price-To-Earnings 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 good value based on its Price-To-Book Ratio (1.5x) compared to the FR Aerospace & Defense industry average (2.2x).

Future Growth

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

121.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: LAT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.3%).

Earnings vs Market: LAT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: LAT's is expected to become profitable in the next 3 years.

Revenue vs Market: LAT's revenue (14.3% per year) is forecast to grow faster than the French market (5.8% per year).

High Growth Revenue: LAT's revenue (14.3% 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.

Past Performance

How has Latécoère performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-70.6%

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 70.6% 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 (16.3%).

Return on Equity

High ROE: LAT has a negative Return on Equity (-73.5%), as it is currently unprofitable.

Financial Health

How is Latécoère's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: LAT's short term assets (€501.7M) exceed its short term liabilities (€199.7M).

Long Term Liabilities: LAT's short term assets (€501.7M) exceed its long term liabilities (€401.6M).

Debt to Equity History and Analysis

Debt Level: LAT's net debt to equity ratio (17.1%) is considered satisfactory.

Reducing Debt: LAT's debt to equity ratio has increased from 47.2% to 201% 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: LAT has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: LAT has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 26.7% each year

Dividend

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

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

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.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as LAT has not reported any payouts.

Discover strong dividend paying companies

Management

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

0.8yrs

Average management tenure

CEO

Thierry Mootz

0.75

Tenure

€587,753

Compensation

Mr. Thierry Mootz serves as Chief Executive Officer at Latécoère S.A. since August 2, 2021. He served as Deputy Chief Executive Officer at Latécoère S.A. since 2020 until August 2, 2021 and was its Deputy...

CEO Compensation Analysis

Compensation vs Market: Thierry's total compensation ($USD630.64K) is above average for companies of similar size in the French market ($USD399.32K).

Compensation vs Earnings: Insufficient data to compare Thierry's compensation with company performance.

Leadership Team

Experienced Management: LAT's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.

Board Members

Experienced Board: LAT's board of directors are not considered experienced ( 2.3 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.

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 465.3%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/24 00:00
End of Day Share Price	2022/05/24 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31