ENXTPA:ALCES

Stock Analysis Report

Executive Summary

Cesar SA provides festive products in France.

Rewards

PE ratio (1.8x) is below the French market (18.1x)

Risk Analysis

Earnings have declined by -36.93% per year over past 5 years

Does not have a meaningful market cap (€548K)

Highly volatile share price over past 3 months

Large one-off items impacting financial results

+ 2 more risks


Snowflake Analysis

Mediocre balance sheet and slightly overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

32.6%

ALCES

0.4%

FR Leisure

1.5%

FR Market


1 Year Return

93.3%

ALCES

-17.7%

FR Leisure

24.1%

FR Market

Return vs Industry: ALCES exceeded the French Leisure industry which returned -17.5% over the past year.

Return vs Market: ALCES exceeded the French Market which returned 24.9% over the past year.


Shareholder returns

ALCESIndustryMarket
7 Day32.6%0.4%1.5%
30 Day85.6%2.0%2.2%
90 Day65.7%9.2%8.7%
1 Year93.3%93.3%-16.1%-17.7%28.5%24.1%
3 Year-69.1%-69.1%-10.7%-14.5%45.2%31.4%
5 Year-76.8%-76.8%3.0%-2.3%65.3%41.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.72x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ALCES's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ALCES's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ALCES is good value based on its PE Ratio (1.8x) compared to the Leisure industry average (16.3x).

PE vs Market: ALCES is good value based on its PE Ratio (1.8x) compared to the French market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ALCES's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ALCES has negative assets, so we can't compare its PB Ratio to the FR Leisure industry average.


Next Steps

Future Growth

How is Cesar forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.8%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Cesar has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Cesar performed over the past 5 years?

-36.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALCES has a large one-off gain of €494.0K impacting its March 31 2019 financial results.

Growing Profit Margin: ALCES's current net profit margins (17.4%) are lower than last year (45.4%).


Past Earnings Growth Analysis

Earnings Trend: ALCES's earnings have declined by -36.9% per year over the past 5 years.

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

Earnings vs Industry: ALCES had negative earnings growth (-65.2%) over the past year, making it difficult to compare to the Leisure industry average (6.9%).


Return on Equity

High ROE: ALCES's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Cesar's financial position?


Financial Position Analysis

Short Term Liabilities: ALCES has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: ALCES has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: ALCES is debt free.

Reducing Debt: ALCES's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: ALCES has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ALCES has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if ALCES's debt is covered by short term assets.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%4.4%industryaverage2.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate ALCES's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate ALCES's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ALCES's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ALCES's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ALCES's dividend in 3 years as they are not forecast to pay a notable one for the French market.


Next Steps

Management

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


CEO

Daniel Velasco 0

0yrs

Tenure

0

Mr. Daniel Velasco serves as Chief Executive Officer and Chairman of the Board at César SA. Mr. Velasco is currently employed at LUDENDO SA in the position of Managing Director and is the owner of Biscalux ...


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Management Team

  • Daniel Velasco

    Chairman of the Board and Chief Executive Officer


    Board Members

    • Daniel Velasco

      Chairman of the Board and Chief Executive Officer

      • Tanguy Velasco

        Director

        • Luc Velasco

          Director

          Company Information

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


          Key Information

          • Name: Cesar SA
          • Ticker: ALCES
          • Exchange: ENXTPA
          • Founded: 1842
          • Industry: Leisure Products
          • Sector: Consumer Durables
          • Market Cap: €534.004k
          • Shares outstanding: 2.30m
          • Website: https://www.cesar-group.fr

          Number of Employees


          Location

          • Cesar SA
          • Z.I. du Clos Bonnet
          • 154 Boulevard Jean Moulin
          • Saumur
          • Pays de la Loire
          • 49400
          • France

          Listings

          TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
          ALCESENXTPA (Euronext Paris)YesCommon SharesFREURJul 2000
          ALCESENXTPA (Euronext Paris)YesCommon SharesFREURJul 2000

          Biography

          Cesar SA provides festive products in France. The company produces and sells masks and disguises; and costumes for various occasions. Cesar SA was founded in 1842 and is based in Saumur, France. 


          Company Analysis and Financial Data Status

          All financial data provided by Standard & Poor's Capital IQ.
          DataLast Updated (UTC time)
          Company Analysis2020/01/19 21:04
          End of Day Share Price2020/01/16 00:00
          Earnings2019/03/31
          Annual Earnings2019/03/31


          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.