ENXTPA:ABEO

Stock Analysis Report

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Executive Summary

Abéo SA, together with its subsidiaries, designs, manufactures, and distributes sports and leisure equipment in France and internationally.


Snowflake Analysis

Moderate growth potential with imperfect balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ABEO's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.8%

ABEO

-3.0%

FR Leisure

2.3%

FR Market


1 Year Return

-73.2%

ABEO

-38.1%

FR Leisure

-8.7%

FR Market

Return vs Industry: ABEO underperformed the French Leisure industry which returned -38.1% over the past year.

Return vs Market: ABEO underperformed the French Market which returned -8.7% over the past year.


Shareholder returns

ABEOIndustryMarket
7 Day-0.8%-3.0%2.3%
30 Day-14.8%-13.1%-3.1%
90 Day-15.6%10.3%16.3%
1 Year-72.9%-73.2%-36.8%-38.1%-7.1%-8.7%
3 Year-73.6%-75.0%-46.6%-49.6%11.2%2.1%
5 Yearn/a-39.1%-43.6%28.6%11.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

126.67x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ABEO (€7.6) is trading above our estimate of fair value (€3.17)

Significantly Below Fair Value: ABEO is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ABEO is poor value based on its PE Ratio (126.7x) compared to the Leisure industry average (12.3x).

PE vs Market: ABEO is poor value based on its PE Ratio (126.7x) compared to the French market (15x).


Price to Earnings Growth Ratio

PEG Ratio: ABEO is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: ABEO is good value based on its PB Ratio (1.3x) compared to the FR Leisure industry average (1.3x).


Next Steps

Future Growth

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

75.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ABEO's forecast earnings growth (75.8% per year) is above the savings rate (0.6%).

Earnings vs Market: ABEO's earnings (75.8% per year) are forecast to grow faster than the French market (13.3% per year).

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

Revenue vs Market: ABEO's revenue is expected to decline over the next 3 years (-1.4% per year).

High Growth Revenue: ABEO's revenue is forecast to decline over the next 3 years (-1.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ABEO's Return on Equity is forecast to be low in 3 years time (6.7%).


Next Steps

Past Performance

How has Abéo performed over the past 5 years?

8.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ABEO has a large one-off loss of €1.4M impacting its March 31 2005 financial results.

Growing Profit Margin: ABEO's current net profit margins (0.3%) are lower than last year (3.1%).


Past Earnings Growth Analysis

Earnings Trend: ABEO's earnings have grown by 8.9% per year over the past 5 years.

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

Earnings vs Industry: ABEO had negative earnings growth (-90.4%) over the past year, making it difficult to compare to the Leisure industry average (6.9%).


Return on Equity

High ROE: ABEO's Return on Equity (0.5%) is considered low.


Next Steps

Financial Health

How is Abéo's financial position?


Financial Position Analysis

Short Term Liabilities: ABEO's short term assets (€129.0M) exceed its short term liabilities (€95.2M).

Long Term Liabilities: ABEO's short term assets (€129.0M) do not cover its long term liabilities (€131.3M).


Debt to Equity History and Analysis

Debt Level: ABEO's debt to equity ratio (132.1%) is considered high.

Reducing Debt: ABEO's debt to equity ratio has increased from 112.4% to 132.1% over the past 5 years.

Debt Coverage: ABEO's debt is well covered by operating cash flow (24.5%).

Interest Coverage: ABEO's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Next Steps

Dividend

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

4.21%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ABEO's dividend (4.21%) is higher than the bottom 25% of dividend payers in the French market (1.67%).

High Dividend: ABEO's dividend (4.21%) is low compared to the top 25% of dividend payers in the French market (4.84%).


Stability and Growth of Payments

Stable Dividend: ABEO has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: ABEO has only been paying a dividend for 3 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (533.3%), ABEO's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ABEO's dividends in 3 years are forecast to be well covered by earnings (23.5% payout ratio).


Next Steps

Management

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

4.3yrs

Average board tenure


CEO

Olivier Esteves (61yo)

no data

Tenure

€200,000

Compensation

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, S ...


CEO Compensation Analysis

Compensation vs Market: Olivier's total compensation ($USD224.85K) is about average for companies of similar size in the French market ($USD299.04K).

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


Board Members

NamePositionTenureCompensationOwnership
Olivier Esteves
Chairman of the Board & CEOno data€200.00kno data
Blandine Roche
Director4.25yrsno datano data
Liz Musch
Independent Director4.17yrs€20.00kno data
Emmanuelle Gervais
Directorno datano datano data
Gerard Barbafieri
Director4.25yrs€15.24k0.16% 92.0k
Jacques Janssen
Director4.25yrs€200.00k0.0024% 1.4k
Marine Charles
Independent Director4.17yrs€20.00kno data
Cédric Weinberg
Directorno datano datano data

4.3yrs

Average Tenure

47yo

Average Age

Experienced Board: ABEO's board of directors are considered experienced (4.3 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

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


Key Information

  • Name: Abéo SA
  • Ticker: ABEO
  • Exchange: ENXTPA
  • Founded:
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: €57.086m
  • Shares outstanding: 7.51m
  • Website: https://www.groupe-abeo.fr

Number of Employees


Location

  • Abéo SA
  • 6 rue Benjamin Franklin
  • Rioz
  • Franche Comté
  • 70190
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ABEOENXTPA (Euronext Paris)YesCommon StockFREUROct 2016
0RJYLSE (London Stock Exchange)YesCommon StockGBEUROct 2016
ABEOPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEUROct 2016

Biography

Abéo SA, together with its subsidiaries, designs, manufactures, and distributes sports and leisure equipment in France and internationally. The company offers gymnastics apparatus and landing mats, team sports equipment, physical education, climbing walls, and changing room fittings. It 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. The company is headquartered in Rioz, France. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/05 20:52
End of Day Share Price2020/07/03 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.