Upcoming Dividend • Jun 22
Upcoming dividend of €0.75 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 01 July 2026. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of French dividend payers (5.3%). Higher than average of industry peers (3.1%). Declared Dividend • May 31
Dividend reduced to €0.75 Dividend of €0.75 is 40% lower than last year. Ex-date: 29th June 2026 Payment date: 1st July 2026 Dividend yield will be 3.5%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 7.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 62% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 20
Manitou BF SA, Annual General Meeting, Jun 25, 2026 Manitou BF SA, Annual General Meeting, Jun 25, 2026. Location: 430 rue de l aubiniere, ancenis cedex France New Risk • Mar 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (2.7% net profit margin). Reported Earnings • Mar 15
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: €1.79 (down from €3.19 in FY 2024). Revenue: €2.56b (down 3.4% from FY 2024). Net income: €68.4m (down 44% from FY 2024). Profit margin: 2.7% (down from 4.6% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in France. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year. Announcement • Jan 30
Manitou BF SA to Report Fiscal Year 2025 Results on Mar 11, 2026 Manitou BF SA announced that they will report fiscal year 2025 results After-Market on Mar 11, 2026 Major Estimate Revision • Jan 29
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €2.07 to €2.29. Revenue forecast steady at €2.55b. Net income forecast to grow 33% next year vs 29% growth forecast for Machinery industry in France. Consensus price target of €24.10 unchanged from last update. Share price rose 20% to €21.40 over the past week. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €21.40, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Machinery industry in France. Total loss to shareholders of 6.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.51 per share. Major Estimate Revision • Oct 31
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €2.60b to €2.54b. EPS estimate also fell from €2.30 per share to €2.07 per share. Net income forecast to grow 22% next year vs 17% growth forecast for Machinery industry in France. Consensus price target down from €25.68 to €24.75. Share price was steady at €17.42 over the past week. New Risk • Aug 03
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.9% Last year net profit margin: 5.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.9% net profit margin). Announcement • Jun 14
Manitou BF SA Approves Distribution of Dividend, Payable on June 18, 2025 Manitou BF SA at its Combined General Meeting, held on June 12, 2025 approved the distribution of a dividend of EUR 1.25 per share to be paid on June 18, 2025. Upcoming Dividend • Jun 09
Upcoming dividend of €1.25 per share Eligible shareholders must have bought the stock before 16 June 2025. Payment date: 18 June 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of French dividend payers (5.4%). Higher than average of industry peers (3.8%). Announcement • May 13
Manitou BF SA (ENXTPA:MTU) acquired Robotics division from SITIA. Manitou BF SA (ENXTPA:MTU) acquired Robotics division from SITIA on May 12, 2025.
Manitou BF SA (ENXTPA:MTU) completed the acquisition of Robotics division from SITIA on May 12, 2025. Declared Dividend • May 11
Dividend reduced to €1.25 Dividend of €1.25 is 7.4% lower than last year. Ex-date: 16th June 2025 Payment date: 18th June 2025 Dividend yield will be 5.9%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 8.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 06
Manitou BF SA, Annual General Meeting, Jun 12, 2025 Manitou BF SA, Annual General Meeting, Jun 12, 2025. Location: 430 rue de l aubiniere, ancenis France Announcement • Apr 29
Manitou BF SA to Report First Half, 2025 Results on Jul 30, 2025 Manitou BF SA announced that they will report first half, 2025 results on Jul 30, 2025 Buy Or Sell Opportunity • Apr 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.2% to €17.06. The fair value is estimated to be €21.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are forecast to decline by 1.7% per annum over the same time period. New Risk • Mar 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.4% average weekly change). Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €19.00, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Machinery industry in France. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €19.34 per share. Reported Earnings • Mar 09
Full year 2024 earnings: Revenues in line with analyst expectations Full year 2024 results: Revenue: €2.66b (down 7.5% from FY 2023). Net income: €121.9m (down 15% from FY 2023). Profit margin: 4.6% (down from 5.0% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in France. Major Estimate Revision • Mar 07
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €2.93 to €2.61 per share. Revenue forecast steady at €2.66b. Net income forecast to shrink 32% next year vs 3.0% decline forecast for Machinery industry in France. Consensus price target broadly unchanged at €26.28. Share price fell 11% to €20.15 over the past week. New Risk • Mar 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risks High level of debt (43% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.6% average weekly change). Reported Earnings • Aug 05
First half 2024 earnings released: EPS: €2.14 (vs €1.63 in 1H 2023) First half 2024 results: EPS: €2.14 (up from €1.63 in 1H 2023). Revenue: €1.41b (flat on 1H 2023). Net income: €81.8m (up 31% from 1H 2023). Profit margin: 5.8% (up from 4.5% in 1H 2023). Revenue is forecast to stay flat during the next 3 years compared to a 5.4% growth forecast for the Machinery industry in France. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. New Risk • Aug 01
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 43% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.6% per year for the foreseeable future. Minor Risks High level of debt (43% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €24.35, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Machinery industry in France. Total returns to shareholders of 2.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.76 per share. Buy Or Sell Opportunity • Jul 02
Now 24% overvalued Over the last 90 days, the stock has fallen 7.8% to €23.00. The fair value is estimated to be €18.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 1.4% per annum. Earnings are forecast to decline by 1.1% per annum over the same time period. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €24.10, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Machinery industry in France. Total loss to shareholders of 3.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €20.30 per share. Upcoming Dividend • Jun 10
Upcoming dividend of €1.35 per share Eligible shareholders must have bought the stock before 17 June 2024. Payment date: 19 June 2024. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 4.7%. Lower than top quartile of French dividend payers (5.2%). Higher than average of industry peers (3.7%). Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €26.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 5x in the Machinery industry in France. Total returns to shareholders of 3.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.96 per share. Buy Or Sell Opportunity • Apr 29
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to €22.85. The fair value is estimated to be €19.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 1.4% per annum. Earnings are forecast to decline by 4.2% per annum over the same time period. New Risk • Mar 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. High level of non-cash earnings (26% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Buy Or Sell Opportunity • Mar 11
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to €23.85. The fair value is estimated to be €19.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 1.6% per annum over the same time period. Announcement • Mar 07
Manitou BF SA, Annual General Meeting, Jun 13, 2024 Manitou BF SA, Annual General Meeting, Jun 13, 2024. Reported Earnings • Mar 07
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: €3.75 (up from €1.43 in FY 2022). Revenue: €2.87b (up 22% from FY 2022). Net income: €143.4m (up 162% from FY 2022). Profit margin: 5.0% (up from 2.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.0%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Machinery industry in France. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jan 28
Consensus EPS estimates increase by 10% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €3.15 to €3.47. Revenue forecast steady at €2.86b. Net income forecast to grow 48% next year vs 30% growth forecast for Machinery industry in France. Consensus price target down from €30.25 to €29.08. Share price was steady at €20.60 over the past week. Announcement • Nov 10
Manitou BF SA (ENXTPA:MTU) announced an agreement to acquire 75% stake in Come Srl and Metal Work s.r.l. Manitou BF SA (ENXTPA:MTU) announced an agreement to acquire 75% stake in Come Srl and Metal Work s.r.l. on November 8, 2023. Major Estimate Revision • Oct 30
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €2.78 to €3.15. Revenue forecast unchanged at €2.85b. Net income forecast to grow 40% next year vs 28% growth forecast for Machinery industry in France. Consensus price target of €30.67 unchanged from last update. Share price fell 5.3% to €19.36 over the past week. Buying Opportunity • Sep 25
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 2.1%. The fair value is estimated to be €30.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 10.0%. Revenue is forecast to grow by 14% in 2 years. Earnings is forecast to grow by 47% in the next 2 years. New Risk • Jul 29
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (24% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Jul 29
First half 2023 earnings released: EPS: €1.63 (vs €0.76 in 1H 2022) First half 2023 results: EPS: €1.63 (up from €0.76 in 1H 2022). Revenue: €1.40b (up 33% from 1H 2022). Net income: €62.5m (up 115% from 1H 2022). Profit margin: 4.5% (up from 2.8% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Machinery industry in France. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jun 02
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: €1.43 (down from €2.27 in FY 2021). Revenue: €2.36b (up 26% from FY 2021). Net income: €54.7m (down 37% from FY 2021). Profit margin: 2.3% (down from 4.6% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 4.5%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Machinery industry in France. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • May 23
Upcoming dividend of €0.63 per share at 2.8% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 01 June 2023. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of French dividend payers (5.3%). Higher than average of industry peers (1.1%). Reported Earnings • Mar 04
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: €1.43 (down from €2.27 in FY 2021). Revenue: €2.36b (up 26% from FY 2021). Net income: €54.7m (down 37% from FY 2021). Profit margin: 2.3% (down from 4.6% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 4.5%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Machinery industry in France. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Major Estimate Revision • Jan 29
Consensus EPS estimates fall by 11%, revenue upgraded The consensus outlook for fiscal year 2022 has been updated. 2022 revenue forecast increased from €2.22b to €2.27b. EPS estimate fell from €1.69 to €1.50 per share. Net income forecast to grow 42% next year vs 48% growth forecast for Machinery industry in France. Consensus price target up from €26.18 to €29.38. Share price was steady at €26.70 over the past week. Price Target Changed • Jan 12
Price target increased to €26.18 Up from €23.86, the current price target is an average from 5 analysts. New target price is 5.1% above last closing price of €24.90. Stock is down 23% over the past year. The company is forecast to post earnings per share of €1.69 for next year compared to €2.27 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Alexandra Matzneff was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 03
Manitou BF SA to Report Fiscal Year 2022 Results on Mar 02, 2023 Manitou BF SA announced that they will report fiscal year 2022 results on Mar 02, 2023 Price Target Changed • Aug 18
Price target decreased to €25.30 Down from €28.64, the current price target is an average from 5 analysts. New target price is 39% above last closing price of €18.20. Stock is down 42% over the past year. The company is forecast to post earnings per share of €1.88 for next year compared to €2.27 last year. Reported Earnings • Aug 02
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €63.8m from profit in 1H 2021). Profit margin: (down from 6.6% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 18%, compared to a 15% growth forecast for the industry in France. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jul 30
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €2.22b to €2.27b. EPS estimate fell from €2.14 to €1.89 per share. Net income forecast to shrink 12% next year vs 52% growth forecast for Machinery industry in France . Consensus price target down from €28.64 to €25.70. Share price was steady at €18.60 over the past week. Price Target Changed • Jul 19
Price target decreased to €28.64 Down from €31.68, the current price target is an average from 5 analysts. New target price is 54% above last closing price of €18.64. Stock is down 27% over the past year. The company is forecast to post earnings per share of €2.36 for next year compared to €2.27 last year. Upcoming Dividend • Jun 13
Upcoming dividend of €0.80 per share Eligible shareholders must have bought the stock before 20 June 2022. Payment date: 22 June 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of French dividend payers (5.0%). Higher than average of industry peers (1.3%). Price Target Changed • Apr 28
Price target decreased to €31.28 Down from €35.08, the current price target is an average from 5 analysts. New target price is 51% above last closing price of €20.70. Stock is down 26% over the past year. The company is forecast to post earnings per share of €2.40 for next year compared to €2.27 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Alexandra Matzneff was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 05
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: €2.27 (up from €1.03 in FY 2020). Revenue: €1.87b (up 18% from FY 2020). Net income: €86.8m (up 119% from FY 2020). Profit margin: 4.6% (up from 2.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.5%. Over the next year, revenue is forecast to grow 22%, compared to a 25% growth forecast for the industry in France. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 16% share price gain to €30.95, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 22x in the Machinery industry in Europe. Total loss to shareholders of 3.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €47.74 per share. Reported Earnings • Aug 02
First half 2021 earnings released: EPS €1.67 (vs €0.35 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €969.6m (up 27% from 1H 2020). Net income: €63.8m (up 374% from 1H 2020). Profit margin: 6.6% (up from 1.8% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jul 31
Consensus EPS estimates increase to €2.11 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from €1.84b to €1.92b. EPS estimate increased from €1.78 to €2.11 per share. Net income forecast to grow 103% next year vs 37% growth forecast for Machinery industry in France. Consensus price target up from €32.30 to €34.75. Share price rose 4.3% to €27.70 over the past week. Price Target Changed • Jul 30
Price target increased to €34.33 Up from €32.07, the current price target is an average from 6 analysts. New target price is 24% above last closing price of €27.70. Stock is up 77% over the past year. Upcoming Dividend • Jun 15
Upcoming dividend of €0.60 per share Eligible shareholders must have bought the stock before 21 June 2021. Payment date: 23 June 2021. Trailing yield: 2.2%. Lower than top quartile of French dividend payers (3.7%). Higher than average of industry peers (0.7%).