Latécoère Future Growth

Future criteria checks 1/6

Latécoère's earnings are forecast to decline at 49% per annum while its annual revenue is expected to grow at 9.8% per year. EPS is expected to decline by 109.6% per annum. Return on equity is forecast to be -42.2% in 3 years.

Key information

-49.0%

Earnings growth rate

-109.6%

EPS growth rate

Aerospace & Defense earnings growth	21.1%
Revenue growth rate	9.8%
Future return on equity	-42.2%
Analyst coverage	Low
Last updated	05 Sep 2024

Recent future growth updates

Recent updates

A Piece Of The Puzzle Missing From Latécoère S.A.'s (EPA:LAT) 26% Share Price Climb

Dec 20

Not Many Are Piling Into Latécoère S.A. (EPA:LAT) Just Yet

Jan 28

Latécoère S.A.'s (EPA:LAT) Intrinsic Value Is Potentially 42% Above Its Share Price

Sep 19

Earnings and Revenue Growth Forecasts

ENXTPA:LAT - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	850	-31	-34	-4	1
12/31/2025	737	-24	-36	-12	2
12/31/2024	676	-31	-69	-44	2
12/31/2023	622	5	-123	-89	N/A
9/30/2023	593	-60	-115	-70	N/A
6/30/2023	566	-121	-106	-51	N/A
3/31/2023	517	-104	-107	-58	N/A
12/31/2022	467	-89	-108	-64	N/A
6/30/2022	367	-80	-88	-74	N/A
3/31/2022	350	-94	-65	-51	N/A
12/31/2021	333	-109	-43	-27	N/A
9/30/2021	369	-130	-42	-26	N/A
6/30/2021	360	-149	-42	-25	N/A
3/31/2021	387	-169	-34	-19	N/A
12/31/2020	414	-190	-25	-13	N/A
9/30/2020	494	-155	-8	22	N/A
6/30/2020	574	-121	8	57	N/A
3/31/2020	644	-77	-14	40	N/A
12/31/2019	714	-33	-36	23	N/A
9/30/2019	713	-18	-47	-5	N/A
6/30/2019	713	-3	-58	-32	N/A
3/31/2019	687	2	-56	-27	N/A
12/31/2018	662	6	-53	-22	N/A
9/30/2018	646	2	-42	-6	N/A
6/30/2018	629	-2	-32	10	N/A
3/31/2018	644	16	-2	35	N/A
12/31/2017	659	34	27	61	N/A
9/30/2017	661	47	N/A	50	N/A
6/30/2017	664	60	N/A	39	N/A
3/31/2017	660	32	N/A	34	N/A
12/31/2016	656	4	N/A	30	N/A
9/30/2016	653	-5	N/A	17	N/A
6/30/2016	651	-14	N/A	4	N/A
3/31/2016	637	-8	N/A	1	N/A
12/31/2015	623	-2	N/A	-2	N/A
9/30/2015	641	-6	N/A	21	N/A
6/30/2015	658	-10	N/A	44	N/A
3/31/2015	661	-5	N/A	45	N/A
12/31/2014	665	0	N/A	46	N/A
9/30/2014	649	-38	N/A	28	N/A
6/30/2014	633	-76	N/A	11	N/A
3/31/2014	627	-78	N/A	13	N/A
12/31/2013	622	-79	N/A	16	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: LAT's earnings are forecast to decline over the next 3 years (-49% per year).

Earnings vs Market: LAT's earnings are forecast to decline over the next 3 years (-49% per year).

High Growth Earnings: LAT's earnings are forecast to decline over the next 3 years.

Revenue vs Market: LAT's revenue (9.8% per year) is forecast to grow faster than the French market (5.5% per year).

High Growth Revenue: LAT's revenue (9.8% 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.

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 04:58
End of Day Share Price	2024/12/20 00:00
Earnings	2023/12/31
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Latécoère S.A. is covered by 6 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Agnès Blazy	CIC Market Solutions (ESN)
Guillaume Cuvillier	Gilbert Dupont
Geoffroy Perreira	Gilbert Dupont

Latécoère Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Latécoère S.A. Reaffirms Financial Guidance for the Year 2023

Consensus EPS estimates fall by 93%, revenue upgraded

Latécoère S.A. Provides Revenue Guidance for the Year 2023

Price target decreased to €0.38

Consensus forecasts updated

No longer forecast to breakeven

Recent updates

A Piece Of The Puzzle Missing From Latécoère S.A.'s (EPA:LAT) 26% Share Price Climb

Latecoere Appoints Yves Yemsi as Group Chief Operating Officer & President EMEA, Effective February 1, 2025

Full year 2023 earnings released: EPS: €0.003 (vs €1.76 loss in FY 2022)

Latecoere Americas Appoints Sam Marnick as President

Latecoere Announces Appointment of André-Hubert Roussel as CEO

New minor risk - Market cap size

New major risk - Financial data availability

Latecoere Announces Board Changes

New minor risk - Financial data availability

Not Many Are Piling Into Latécoère S.A. (EPA:LAT) Just Yet

New major risk - Shareholder dilution

Latécoère S.A. to Report First Half, 2024 Results on Sep 24, 2024

Latécoère S.A. Appoints Gary Cleaver as Chief Financial Officer

New major risk - Market cap size

Latécoère S.A. has filed a Follow-on Equity Offering in the amount of €108.201371 million.

Latécoère S.A. Announces Chief Executive Changes

Latécoère S.A. Reaffirms Financial Guidance for the Year 2023

Consensus EPS estimates fall by 93%, revenue upgraded

New major risk - Shareholder dilution

Latécoère S.A. Provides Revenue Guidance for the Year 2023

First half 2023 earnings released

Latécoère S.A.'s (EPA:LAT) Intrinsic Value Is Potentially 42% Above Its Share Price

Now 22% undervalued after recent price drop

Now 21% undervalued after recent price drop

New minor risk - Market cap size

Latecoere Announces Management Changes

Full year 2022 earnings: EPS and revenues miss analyst expectations

Latécoère S.A. Announces Board Changes

Latécoère S.A. announced that it expects to receive €45 million in funding

Full year 2022 earnings: EPS and revenues miss analyst expectations

Price target decreased to €0.38

Less than half of directors are independent

Latécoère S.A. (ENXTPA:LAT) completed the acquisition of Avcorp Industries Inc. (TSX:AVP) from Panta Canada B.V. and others.

Latécoère S.A., Annual General Meeting, May 24, 2023

Consensus forecasts updated

No longer forecast to breakeven

Price target decreased to €0.38

Latécoère S.A. Confirms Financial Guidance for the Year 2022

First half 2022 earnings released: EPS: €0 (vs €0.57 loss in 1H 2021)

Forecast to breakeven in 2023

Latécoère Appoints Hilmar Leimbach as Group Chief Financial Officer, Effective July 1, 2022

Latécoère S.A. (ENXTPA:LAT) agreed to acquire Figeac Aero's Activities in Mexico from Figeac Aero Société Anonyme (ENXTPA:FGA).

Latécoère S.A. (ENXTPA:LAT) completed the acquisition of Malaga Aerospace Defence and Electronic Systems from American Industrial Acquisition Corporation.

Vincent Monziols to Head Latécoère's Interconnection Systems Division

Latécoère S.A. (ENXTPA:LAT) entered into a definitive Arrangement Agreement to acquire Avcorp Industries Inc. (TSX:AVP) from Panta Canada B.V. and others for CAD 40.8 million.

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Less than half of directors are independent

Full year 2021 earnings: Revenues exceed analyst expectations

Latécoère S.A. (ENXTPA:LAT) entered into a definitive agreement to acquire Malaga Aerospace Defence and Electronic Systems from American Industrial Acquisition Corporation.

First half 2021 earnings released

Latécoère S.A. Confirms Earnings Guidance for the Year 2021

Chief Financial Officer Michel Abaza has left the company

Latécoère S.A. (ENXTPA:LAT) completed the acquisition of Technical Airborne Components Industries Sprl from Searchlight Capital Partners, L.P.

Consensus forecasts updated

Latécoère S.A. (ENXTPA:LAT) agreed to acquire Technical Airborne Components Industries Sprl from Searchlight Capital Partners, L.P. for € 30 million.

Price target decreased to €1.30

Consensus revenue estimates fall to €372.2m

Full year 2020 earnings released: €2.00 loss per share (vs €0.35 loss in FY 2019)

Price target decreased to €1.33

Latécoère S.A. to Report First Half, 2021 Results on Sep 14, 2021

Latécoère S.A. (ENXTPA:LAT) completed the acquisition of certain assets of EWI System business of Bombardier Aviation segment of Bombardier Inc. (TSX:BBD.B).

Latécoère Completes the Acquisition of Bombardier's Electrical Wiring and Interconnection Systems Business in Querétaro (Mexico)

Latécoère S.A. to Report Fiscal Year 2020 Results on Mar 16, 2021

New 90-day high: €2.10

New 90-day high: €2.05

New 90-day low: €1.19

Latécoère S.A. (ENXTPA:LAT) made a bid to acquire certain assets of EWI System business of Bombardier Aviation segment of Bombardier Inc. (TSX:BBD.B) for $50 million.

Analysts update estimates

New 90-day low: €1.44