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Abéo

ENXTPA:ABEO
Snowflake Description

Reasonable growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ABEO
ENXTPA
€212M
Market Cap
  1. Home
  2. FR
  3. Consumer Durables
Company description

Abéo SA, together with its subsidiaries, designs, manufactures, and distributes sports and leisure equipment in France and internationally. The last earnings update was 19 days ago. More info.


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ABEO Share Price and Events
7 Day Returns
-0.7%
ENXTPA:ABEO
0.7%
FR Leisure
-0.3%
FR Market
1 Year Returns
-22.5%
ENXTPA:ABEO
-22.3%
FR Leisure
2.6%
FR Market
ABEO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Abéo (ABEO) -0.7% 1.4% -14.5% -22.5% - -
FR Leisure 0.7% -0.4% -6.4% -22.3% 29.5% -6.2%
FR Market -0.3% 3.3% 1.3% 2.6% 34.3% 37.8%
1 Year Return vs Industry and Market
  • ABEO matched the Leisure industry (-22.3%) over the past year.
  • ABEO underperformed the Market in France which returned 2.6% over the past year.
Price Volatility
ABEO
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Abéo undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Abéo to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Abéo.

ENXTPA:ABEO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year FR Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTPA:ABEO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
Leisure Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.964 (1 + (1- 33%) (51.32%))
1.198
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (1.198 * 6.65%)
8.7%

Discounted Cash Flow Calculation for ENXTPA:ABEO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Abéo is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ENXTPA:ABEO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.7%)
2020 9.20 Analyst x1 8.46
2021 13.90 Analyst x1 11.76
2022 17.89 Est @ 28.72% 13.93
2023 21.53 Est @ 20.33% 15.42
2024 24.64 Est @ 14.45% 16.24
2025 27.19 Est @ 10.33% 16.48
2026 29.21 Est @ 7.45% 16.29
2027 30.80 Est @ 5.44% 15.81
2028 32.04 Est @ 4.03% 15.13
2029 33.01 Est @ 3.04% 14.34
Present value of next 10 years cash flows €143.87
ENXTPA:ABEO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €33.01 × (1 + 0.73%) ÷ (8.7% – 0.73%)
€417.54
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €417.54 ÷ (1 + 8.7%)10
€181.34
ENXTPA:ABEO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €143.87 + €181.34
€325.20
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €325.20 / 7.51
€43.29
ENXTPA:ABEO Discount to Share Price
Calculation Result
Value per share (EUR) From above. €43.29
Current discount Discount to share price of €28.20
= -1 x (€28.20 - €43.29) / €43.29
34.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Abéo is available for.
Intrinsic value
35%
Share price is €28.2 vs Future cash flow value of €43.29
Current Discount Checks
For Abéo to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Abéo's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Abéo's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Abéo's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Abéo's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:ABEO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.94
ENXTPA:ABEO Share Price ** ENXTPA (2019-07-12) in EUR €28.2
France Leisure Industry PE Ratio Median Figure of 6 Publicly-Listed Leisure Companies 19.68x
France Market PE Ratio Median Figure of 415 Publicly-Listed Companies 17.52x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Abéo.

ENXTPA:ABEO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:ABEO Share Price ÷ EPS (both in EUR)

= 28.2 ÷ 0.94

30x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Abéo is overvalued based on earnings compared to the FR Leisure industry average.
  • Abéo is overvalued based on earnings compared to the France market.
Price based on expected Growth
Does Abéo's expected growth come at a high price?
Raw Data
ENXTPA:ABEO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 30x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
28.9%per year
Europe Leisure Industry PEG Ratio Median Figure of 12 Publicly-Listed Leisure Companies 1.43x
France Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

ENXTPA:ABEO PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 30x ÷ 28.9%

1.04x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Abéo is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Abéo's assets?
Raw Data
ENXTPA:ABEO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €13.27
ENXTPA:ABEO Share Price * ENXTPA (2019-07-12) in EUR €28.2
France Leisure Industry PB Ratio Median Figure of 8 Publicly-Listed Leisure Companies 1.69x
France Market PB Ratio Median Figure of 613 Publicly-Listed Companies 1.47x
ENXTPA:ABEO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:ABEO Share Price ÷ Book Value per Share (both in EUR)

= 28.2 ÷ 13.27

2.12x

* Primary Listing of Abéo.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Abéo is overvalued based on assets compared to the FR Leisure industry average.
X
Value checks
We assess Abéo's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Leisure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Leisure industry average (and greater than 0)? (1 check)
  5. Abéo has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Abéo expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
28.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Abéo expected to grow at an attractive rate?
  • Abéo's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Abéo's earnings growth is expected to exceed the France market average.
  • Abéo's revenue growth is expected to exceed the France market average.
Annual Growth Rates Comparison
Raw Data
ENXTPA:ABEO Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:ABEO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 28.9%
ENXTPA:ABEO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 9.2%
France Leisure Industry Earnings Growth Rate Market Cap Weighted Average 18.3%
Europe Leisure Industry Revenue Growth Rate Market Cap Weighted Average 6.6%
France Market Earnings Growth Rate Market Cap Weighted Average 12.7%
France Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTPA:ABEO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:ABEO Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 278 21 14 2
2020-03-31 266 19 12 2
ENXTPA:ABEO Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 230 6 7
2018-12-31 220 4 8
2018-09-30 209 3 8
2018-06-30 199 6 7
2018-03-31 188 8 7
2017-12-31 181 11 8
2017-09-30 174 14 9
2017-06-30 170 14 9
2017-03-31 167 15 9
2016-12-31 161 12 6
2016-09-30 155 9 2
2016-06-30 152 8 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Abéo's earnings are expected to grow significantly at over 20% yearly.
  • Abéo's revenue is expected to grow by 9.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTPA:ABEO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Abéo Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:ABEO Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 1.96 2.12 1.80 2.00
2020-03-31 1.59 1.59 1.59 1.00
ENXTPA:ABEO Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 0.94
2018-12-31 1.02
2018-09-30 1.10
2018-06-30 1.07
2018-03-31 1.04
2017-12-31 1.07
2017-09-30 1.35
2017-06-30 1.38
2017-03-31 1.60
2016-12-31 0.89
2016-09-30 0.46
2016-06-30 0.18

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Abéo is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Abéo's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the France market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Abéo has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Abéo performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Abéo's growth in the last year to its industry (Leisure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Abéo has delivered over 20% year on year earnings growth in the past 5 years.
  • Abéo's 1-year earnings growth is less than its 5-year average (2.5% vs 31.4%)
  • Abéo's earnings growth has not exceeded the FR Leisure industry average in the past year (2.5% vs 6.6%).
Earnings and Revenue History
Abéo's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Abéo Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:ABEO Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 230.44 7.21 115.89
2018-12-31 219.80 7.54 109.73
2018-09-30 209.16 7.87 103.56
2018-06-30 198.51 7.45 97.62
2018-03-31 187.85 7.03 91.69
2017-12-31 180.68 8.04 87.82
2017-09-30 173.51 9.05 83.96
2017-06-30 170.30 9.25 81.49
2017-03-31 167.09 9.46 79.02
2016-12-31 161.21 5.94 74.61
2016-09-30 155.33 2.43 70.21
2016-06-30 151.88 0.94 68.93
2016-03-31 148.44 -0.56 67.66
2015-03-31 106.50 0.06 54.01
2014-03-31 87.89 2.70 41.09

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Abéo has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Abéo used its assets less efficiently than the FR Leisure industry average last year based on Return on Assets.
  • Abéo's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Abéo's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Leisure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Abéo has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Abéo's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Abéo's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Abéo is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Abéo's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Abéo's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Abéo Company Filings, last reported 3 months ago.

ENXTPA:ABEO Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 99.66 108.13 28.50
2018-12-31 99.66 108.13 28.50
2018-09-30 94.71 91.14 44.66
2018-06-30 94.71 91.14 44.66
2018-03-31 93.48 70.43 42.50
2017-12-31 93.48 70.43 42.50
2017-09-30 64.19 40.45 16.49
2017-06-30 64.19 40.45 16.49
2017-03-31 64.16 31.31 20.61
2016-12-31 64.16 31.31 20.61
2016-09-30 38.82 43.01 5.82
2016-06-30 38.82 43.01 5.82
2016-03-31 37.45 39.29 6.65
2015-03-31 34.19 38.57 7.29
2014-03-31 18.59 22.33 7.30
  • Abéo's level of debt (109.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (129.4% vs 109.1% today).
  • Debt is not well covered by operating cash flow (5.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.8x coverage).
X
Financial health checks
We assess Abéo's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Abéo has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.13%
Current annual income from Abéo dividends. Estimated to be 1.88% next year.
If you bought €2,000 of Abéo shares you are expected to receive €23 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Abéo's pays a lower dividend yield than the bottom 25% of dividend payers in France (1.5%).
  • Abéo's dividend is below the markets top 25% of dividend payers in France (4.41%).
Upcoming dividend payment

Purchase Abéo before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTPA:ABEO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Leisure Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.8%
France Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3%
France Minimum Threshold Dividend Yield 10th Percentile 0.9%
France Bottom 25% Dividend Yield 25th Percentile 1.5%
France Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTPA:ABEO Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 0.60 2.00
2020-03-31 0.38 1.00
ENXTPA:ABEO Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-06-24 0.320 1.129
2018-06-21 0.310 0.968
2018-06-07 0.310 0.900
2017-06-15 0.480 1.316
2017-06-07 0.480 1.484
2016-12-06 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Abéo has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Abéo has only been paying a dividend for 2 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Abéo's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).
X
Income/ dividend checks
We assess Abéo's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Abéo afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Abéo has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Abéo's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Olivier Esteves
COMPENSATION €200,000
AGE 60
CEO Bio

Mr. Olivier Esteves serves as Chairman of the Board of Directors and Chief Executive Officer at Abéo SA. Mr. Esteves serves as Managing Director at Jalenia, SCI Croix Canada, SCI Triangle, SCI Rectangle, SCI Octogone, SCI Aloxe and SCI Sphère. He serves as Chairman and Chief Executive Officer at JFS. He serves as President of Acman, Acsa, Dock 39 Terville, Dock 39 CDC, Entre-Prises, Entre-Prises UK, France Equipement, Gymnova, Navic, PCV Collectivités, Sanitec Industrie, Suffixe and Xtrm France. He served as Chief Financial Officer at Abéo SA since 1992. He serves as Chairman of the Supervisory Board of Entre-Prises Germany. He serves as Member of the Board of Directors of Clip’N Climb Exeter, Clip’N Climb Plymouth, Clip’N Climb GP Ltd, Entre-Prises Hong Kong, Entre-Prises Huizhou Manufacturing, Entre-Prises USA, Global Kids Strategies, Gymnova UK, Gymnova USA, Prospec, SP Anderson Holding, Spieth Anderson International, Spieth Anderson USA, Top30 and Top30 Norge. He holds Degree from the School of Business Studies.

CEO Compensation
  • Olivier's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Olivier's remuneration is about average for companies of similar size in France.
Management Team

Olivier Esteves

TITLE
Chairman of the Board & CEO
COMPENSATION
€200K
AGE
60

Jacques Janssen

TITLE
Deputy CEO & Director
COMPENSATION
€200K
AGE
46
TENURE
4.7 yrs
Board of Directors Tenure

Average tenure and age of the Abéo board of directors in years:

3.3
Average Tenure
46
Average Age
  • The tenure for the Abéo board of directors is about average.
Board of Directors

Jacques Janssen

TITLE
Deputy CEO & Director
COMPENSATION
€200K
AGE
46
TENURE
3.3 yrs

Gerard Barbafieri

TITLE
Director
COMPENSATION
€15K
TENURE
3.3 yrs

Olivier Esteves

TITLE
Chairman of the Board & CEO
COMPENSATION
€200K
AGE
60

Blandine Roche

TITLE
Director
AGE
43
TENURE
3.3 yrs

Liz Musch

TITLE
Independent Director
COMPENSATION
€20K
TENURE
3.2 yrs

Marine Charles

TITLE
Independent Director
COMPENSATION
€20K
TENURE
3.2 yrs

Emmanuelle Gervais

TITLE
Director
AGE
46

Cédric Weinberg

TITLE
Director
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Abéo's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Abéo has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Abéo SA (EPA:ABEO): Has Recent Earnings Growth Beaten Long-Term Trend?

When Abéo SA (EPA:ABEO) announced its most recent earnings (31 March 2019), I did two things: looked at its past earnings track record, then look at what is happening in the industry. … See our latest analysis for Abéo Commentary On ABEO's Past Performance ABEO's trailing twelve-month earnings (from 31 March 2019) of €7.2m has increased by 2.5% compared to the previous year. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 31%, indicating the rate at which ABEO is growing has slowed down.

Simply Wall St -

How Good Is Abéo SA (EPA:ABEO), When It Comes To ROE?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Abéo: 8.2% = €7.9m ÷ €95m (Based on the trailing twelve months to September 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Abéo Have A Good Return On Equity? … In my book the highest quality companies have high return on equity, despite low debt.

Simply Wall St -

Some Abéo (EPA:ABEO) Shareholders Are Down 12%

For example, the Abéo SA (EPA:ABEO) share price is down 12% in the last year. … View our latest analysis for Abéo In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

Simply Wall St -

Is There Now An Opportunity In Abéo SA (EPA:ABEO)?

received a lot of attention from a substantial price movement on the ENXTPA over the last few months, increasing to €34 at one point, and dropping to the lows of €28.9. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether Abéo's current trading price of €30.9 reflective of the actual value of the?

Simply Wall St -

Estimating The Fair Value Of Abéo SA (EPA:ABEO)

Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. … We're using the 2-stage growth model, which simply means we take in account two stages of company's growth … In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate.

Simply Wall St -

Is Abéo SA's (EPA:ABEO) Balance Sheet A Threat To Its Future?

While small-cap stocks, such as Abéo SA (EPA:ABEO) with its market cap of €225m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Understanding the company's financial health becomes. … We'll look at some basic checks that can form a snapshot the company’s financial strength.

Simply Wall St -

Why Abéo SA's (EPA:ABEO) High P/E Ratio Isn't Necessarily A Bad Thing

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at Abéo SA's (EPA:ABEO) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Does The Abéo SA (EPA:ABEO) Share Price Fall With The Market?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price.

Simply Wall St -

Here’s why Abéo SA’s (EPA:ABEO) Returns On Capital Matters So Much

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

When Should You Buy Abéo SA (EPA:ABEO)?

received a lot of attention from a substantial price movement on the ENXTPA over the last few months, increasing to €34.3 at one point, and dropping to the lows of €28.3. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether Abéo's current trading price of €30.9 reflective of the actual value of the?

Simply Wall St -

Company Info

Description

Abéo SA, together with its subsidiaries, designs, manufactures, and distributes sports and leisure equipment in France and internationally. It offers gymnastics apparatus and landing mats, team sports equipment, physical education, climbing walls, and changing room fittings. The company also provides assistance in implementing projects to professional customers in specialized sports halls and clubs, leisure centers, education, local authorities, construction professionals, and other sectors. Abéo SA is headquartered in Rioz, France.

Details
Name: Abéo SA
ABEO
Exchange: ENXTPA
Founded:
€211,818,772
7,511,304
Website: http://www.groupe-abeo.fr
Address: Abéo SA
6 rue Benjamin Franklin,
Rioz,
Franche Comté, 70190,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA ABEO Common Stock Euronext Paris FR EUR 11. Oct 2016
LSE 0RJY Common Stock London Stock Exchange GB EUR 11. Oct 2016
Number of employees
Current staff
Staff numbers
1,720
Abéo employees.
Industry
Leisure Products
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/13 23:28
End of day share price update: 2019/07/12 00:00
Last estimates confirmation: 2019/06/24
Last earnings filing: 2019/06/24
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.