ENXTPA:AURE

Stock Analysis Report

Executive Summary

Aurea SA engages in the recycle of black motor oils, and manufacture of remoulded tires from used tires.


Snowflake Analysis

Flawless balance sheet and good value.

Share Price & News

How has Aurea's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AURE has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-7.0%

AURE

-6.2%

FR Commercial Services

-6.6%

FR Market


1 Year Return

-4.9%

AURE

0.5%

FR Commercial Services

8.9%

FR Market

Return vs Industry: AURE underperformed the French Commercial Services industry which returned 0.5% over the past year.

Return vs Market: AURE underperformed the French Market which returned 8.9% over the past year.


Shareholder returns

AUREIndustryMarket
7 Day-7.0%-6.2%-6.6%
30 Day-9.0%-3.9%-2.4%
90 Day-1.0%-6.0%-2.7%
1 Year-2.3%-4.9%4.1%0.5%12.5%8.9%
3 Year-6.0%-11.3%-18.9%-26.2%32.4%20.8%
5 Year25.8%14.2%-10.7%-24.7%43.1%24.5%

Price Volatility Vs. Market

How volatile is Aurea's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AURE (€5.86) is trading below our estimate of fair value (€116.1)

Significantly Below Fair Value: AURE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AURE is poor value based on its PE Ratio (103.3x) compared to the Commercial Services industry average (16.5x).

PE vs Market: AURE is poor value based on its PE Ratio (103.3x) compared to the French market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: AURE is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: AURE is good value based on its PB Ratio (0.9x) compared to the FR Commercial Services industry average (1.3x).


Next Steps

Future Growth

How is Aurea forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

111.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AURE's forecast earnings growth (111.9% per year) is above the savings rate (-0.1%).

Earnings vs Market: AURE's earnings (111.9% per year) are forecast to grow faster than the French market (13% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if AURE's revenue is forecast to grow faster than the French market.

High Growth Revenue: Insufficient data to determine if AURE's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if AURE's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Aurea performed over the past 5 years?

-16.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AURE has a large one-off loss of €1.9M impacting its June 30 2019 financial results.

Growing Profit Margin: AURE's current net profit margins (0.3%) are lower than last year (2.3%).


Past Earnings Growth Analysis

Earnings Trend: AURE's earnings have declined by -16.1% per year over the past 5 years.

Accelerating Growth: AURE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AURE had negative earnings growth (-86.8%) over the past year, making it difficult to compare to the Commercial Services industry average (2%).


Return on Equity

High ROE: AURE's Return on Equity (0.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Aurea's financial position?


Financial Position Analysis

Short Term Liabilities: AURE's short term assets (€96.1M) exceed its short term liabilities (€56.7M).

Long Term Liabilities: AURE's short term assets (€96.1M) exceed its long term liabilities (€31.8M).


Debt to Equity History and Analysis

Debt Level: AURE's debt to equity ratio (36.8%) is considered satisfactory.

Reducing Debt: AURE's debt to equity ratio has reduced from 38% to 36.8% over the past 5 years.

Debt Coverage: AURE's debt is well covered by operating cash flow (41.9%).

Interest Coverage: AURE's interest payments on its debt are well covered by EBIT (5.3x coverage).


Balance Sheet

Inventory Level: AURE has a high level of physical assets or inventory.

Debt Coverage by Assets: AURE's debt is covered by short term assets (assets are 3.4x debt).


Next Steps

Dividend

What is Aurea's current dividend yield, its reliability and sustainability?

2.56%

Current Dividend Yield


Dividend Yield vs Market

company2.6%marketbottom25%1.6%markettop25%4.8%industryaverage3.6%forecastin3Years2.6%

Current dividend yield vs market & industry

Notable Dividend: AURE's dividend (2.56%) is higher than the bottom 25% of dividend payers in the French market (1.63%).

High Dividend: AURE's dividend (2.56%) is low compared to the top 25% of dividend payers in the French market (4.81%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (264.5%), AURE's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

12.7yrs

Average board tenure


CEO

Joel Picard 0

12.7yrs

Tenure

€29,861

Compensation

Mr. Joël Picard serves as the Chairman and Chief Executive Officer since June 25, 2007 and its Director since November 12, 2002 at Aurea SA. He is President of TOMBSTONE FRANCE and RULO. He serves as a Mem ...


CEO Compensation Analysis

Compensation vs Market: Joel's total compensation ($USD32.48K) is below average for companies of similar size in the French market ($USD313.28K).

Compensation vs Earnings: Joel's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Joel Picard
Chairman & CEO12.7yrs€29.86k25.49% 14.0m
Antoine Diesbecq
Independent Director12.7yrs€20.00k0.0074% 4.1k
Rene Riper
Director15.5yrs€20.00k1.42% 779.5k
Bernard Gallois
Independent Director12.7yrs€20.00k0.0047% 2.6k
Myrtille Picard
Director7.4yrs€20.00k0.0012% 636.0
Airelle Picard
Director17.3yrs€20.00k0.00027% 148.0

12.7yrs

Average Tenure

Experienced Board: AURE's board of directors are seasoned and experienced ( 12.7 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Aurea SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Aurea SA
  • Ticker: AURE
  • Exchange: ENXTPA
  • Founded:
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Market Cap: €54.828m
  • Shares outstanding: 9.36m
  • Website: https://www.aurea-france.com

Number of Employees


Location

  • Aurea SA
  • 3, Avenue Bertie Albrecht
  • Paris
  • Ile-de-France
  • 75008
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AUREENXTPA (Euronext Paris)YesOrdinary SharesFREURJan 1992
0NZWLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
AUREPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992

Biography

Aurea SA engages in the recycle of black motor oils, and manufacture of remoulded tires from used tires. The company also recycles rigid PVC, plastics, and packaging products; refines and recycles aluminum; recycles copper and produces copper alloys; and specializes in the treatment and recycling of zinc, lead, and cadmium. In addition, it is involved in the treatment and decontamination of mercury waste. The company was formerly known as AUER and changed its name to Aurea SA in 1988. Aurea SA is based in Paris, France. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 20:58
End of Day Share Price2020/02/26 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.