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SO

Somfy ENXTPA:SO Stock Report

Last Price

€124.60

Market Cap

€4.2b

7D

-1.4%

1Y

-14.7%

Updated

28 Jun, 2022

Data

Company Financials +
SO fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance4/6
Financial Health6/6
Dividends4/6

SO Stock Overview

Somfy SA manufactures and sells automatic controls for openings and closures in homes and buildings.

Somfy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Somfy
Historical stock prices
Current Share Price€124.60
52 Week High€180.40
52 Week Low€116.40
Beta0.76
1 Month Change-9.32%
3 Month Change-14.66%
1 Year Change-14.66%
3 Year Change48.33%
5 Year Change35.79%
Change since IPO1,743.00%

Recent News & Updates

Jun 01
Here's What Somfy's (EPA:SO) Strong Returns On Capital Mean

Here's What Somfy's (EPA:SO) Strong Returns On Capital Mean

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...

May 17
Is Somfy (EPA:SO) A Risky Investment?

Is Somfy (EPA:SO) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

May 02
Somfy's (EPA:SO) Dividend Will Be Increased To €2.15

Somfy's (EPA:SO) Dividend Will Be Increased To €2.15

Somfy SA ( EPA:SO ) has announced that it will be increasing its dividend on the 14th of June to €2.15. Based on the...

Shareholder Returns

SOFR ElectricalFR Market
7D-1.4%1.9%2.7%
1Y-14.7%-14.4%-11.0%

Return vs Industry: SO matched the French Electrical industry which returned -14.4% over the past year.

Return vs Market: SO underperformed the French Market which returned -11% over the past year.

Price Volatility

Is SO's price volatile compared to industry and market?
SO volatility
SO Average Weekly Movement6.0%
Electrical Industry Average Movement5.4%
Market Average Movement5.0%
10% most volatile stocks in FR Market9.2%
10% least volatile stocks in FR Market2.9%

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

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

About the Company

FoundedEmployeesCEOWebsite
19696,131Pierre Ribeirohttps://www.somfy-group.com/fr-fr

Somfy SA manufactures and sells automatic controls for openings and closures in homes and buildings. The company offers shutters, solar protection, curtains, gates, garage doors, cameras, alarms, locks, sensors, control points, etc. applications under the Somfy brand; roller shutters, awnings, garage doors, and industrial and commercial closures under the Simu brand; and automatic solutions for homes, businesses, and manufacturers under the BFT brand. It also provides automatic solutions for awnings and rolling shutters under the Asa brand; and automatic controls for windows, domes, dormers, and blinds for use in natural ventilation and smoke extraction applications under the Mingardi brand.

Somfy Fundamentals Summary

How do Somfy's earnings and revenue compare to its market cap?
SO fundamental statistics
Market Cap€4.16b
Earnings (TTM)€258.05m
Revenue (TTM)€1.48b

16.6x

P/E Ratio

2.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SO income statement (TTM)
Revenue€1.48b
Cost of Revenue€549.37m
Gross Profit€928.46m
Other Expenses€670.41m
Earnings€258.05m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Sep 07, 2022

Earnings per share (EPS)7.49
Gross Margin62.83%
Net Profit Margin17.46%
Debt/Equity Ratio3.0%

How did SO perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

29%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 SO?

Other financial metrics that can be useful for relative valuation.

SO 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/Revenue2.4x
Enterprise Value/EBITDA10.5x
PEG Ratio4.5x

Price to Earnings Ratio vs Peers

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

SO PE Ratio vs Peers
The above table shows the PE ratio for SO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average18.3x
NEX Nexans
20.9x15.4%€3.5b
LR Legrand
20.5x8.1%€19.2b
MRN Mersen
11.6x11.9%€626.7m
PERR Gérard Perrier Industrie
20.4x16.1%€308.8m
SO Somfy
16.6x3.7%€4.2b

Price-To-Earnings vs Peers: SO is good value based on its Price-To-Earnings Ratio (16.6x) compared to the peer average (18.3x).


Price to Earnings Ratio vs Industry

How does SO's PE Ratio compare vs other companies in the European Electrical Industry?

Price-To-Earnings vs Industry: SO is good value based on its Price-To-Earnings Ratio (16.6x) compared to the French Electrical industry average (20.4x)


Price to Earnings Ratio vs Fair Ratio

What is SO'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.

SO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.6x
Fair PE Ratio16.2x

Price-To-Earnings vs Fair Ratio: SO is expensive based on its Price-To-Earnings Ratio (16.6x) compared to the estimated Fair Price-To-Earnings Ratio (16.2x).


Share Price vs Fair Value

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

Below Fair Value: SO (€124.6) is trading below our estimate of fair value (€137.9)

Significantly Below Fair Value: SO is trading below fair value, but not by a significant amount.


Price to Earnings Growth Ratio

PEG Ratio: SO is poor value based on its PEG Ratio (4.5x)


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Future Growth

How is Somfy forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


3.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SO's forecast earnings growth (3.7% per year) is above the savings rate (0.3%).

Earnings vs Market: SO's earnings (3.7% per year) are forecast to grow slower than the French market (11.7% per year).

High Growth Earnings: SO's earnings are forecast to grow, but not significantly.

Revenue vs Market: SO's revenue (6.7% per year) is forecast to grow faster than the French market (5.9% per year).

High Growth Revenue: SO's revenue (6.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SO's Return on Equity is forecast to be low in 3 years time (16%).


Discover growth companies

Past Performance

How has Somfy performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


15.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SO has high quality earnings.

Growing Profit Margin: SO's current net profit margins (17.5%) are higher than last year (16.9%).


Past Earnings Growth Analysis

Earnings Trend: SO's earnings have grown by 15% per year over the past 5 years.

Accelerating Growth: SO's earnings growth over the past year (21.1%) exceeds its 5-year average (15% per year).

Earnings vs Industry: SO earnings growth over the past year (21.1%) underperformed the Electrical industry 30.4%.


Return on Equity

High ROE: SO's Return on Equity (18.9%) is considered low.


Discover strong past performing companies

Financial Health

How is Somfy'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: SO's short term assets (€1.1B) exceed its short term liabilities (€303.0M).

Long Term Liabilities: SO's short term assets (€1.1B) exceed its long term liabilities (€127.6M).


Debt to Equity History and Analysis

Debt Level: SO has more cash than its total debt.

Reducing Debt: SO's debt to equity ratio has reduced from 16.8% to 3% over the past 5 years.

Debt Coverage: SO's debt is well covered by operating cash flow (743.6%).

Interest Coverage: SO's interest payments on its debt are well covered by EBIT (115.6x coverage).


Balance Sheet


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.73%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SO's dividend (1.73%) isn’t notable compared to the bottom 25% of dividend payers in the French market (1.81%).

High Dividend: SO's dividend (1.73%) is low compared to the top 25% of dividend payers in the French market (5.43%).


Stability and Growth of Payments

Stable Dividend: SO's dividends per share have been stable in the past 10 years.

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (28.7%), SO's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (29.5%), SO'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?

2.4yrs

Average management tenure


CEO

Pierre Ribeiro (54 yo)

1.42yrs

Tenure

€1,448,242

Compensation

Mr. Pierre Ribeiro was appointed as Chief Executive Officer in 2021. He served as the Group Chief Financial Officer of Somfy SA until 2021 and had been its Member of Management Board since November 6, 2014...


CEO Compensation Analysis

Compensation vs Market: Pierre's total compensation ($USD1.52M) is about average for companies of similar size in the French market ($USD1.92M).

Compensation vs Earnings: Pierre's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: SO's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: SO's board of directors are considered experienced (5.1 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

Somfy SA's employee growth, exchange listings and data sources


Key Information

  • Name: Somfy SA
  • Ticker: SO
  • Exchange: ENXTPA
  • Founded: 1969
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Implied Market Cap: €4.160b
  • Shares outstanding: 34.44m
  • Website: https://www.somfy-group.com/fr-fr

Number of Employees


Location

  • Somfy SA
  • 50 avenue du Nouveau-Monde
  • BP 152
  • Cluses
  • Rhône-Alpes
  • 74307
  • France

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 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.