ENXTPA:ALCES

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Cesar SA designs and manufactures costumes and masks in France. More Details


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

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

0%

ALCES

2.0%

FR Leisure

-0.6%

FR Market


1 Year Return

-12.5%

ALCES

-29.6%

FR Leisure

-7.7%

FR Market

Return vs Industry: ALCES exceeded the French Leisure industry which returned -29.6% over the past year.

Return vs Market: ALCES underperformed the French Market which returned -7.7% over the past year.


Shareholder returns

ALCESIndustryMarket
7 Day0%2.0%-0.6%
30 Day3.7%-0.8%2.0%
90 Day-0.7%-0.03%1.5%
1 Year-12.5%-12.5%-28.3%-29.6%-5.7%-7.7%
3 Year-81.3%-81.3%-40.7%-43.9%8.5%-0.9%
5 Year-81.3%-81.3%-18.4%-24.3%40.7%21.7%

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?


In this section, we usually try to help investors determine whether Cesar is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Cesar has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of ALCES's management and see if the CEO's compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don't know where to start, we recommend reading through Cesar regulatory filings.
  • Explore potentially undervalued companies in the Consumer Durables industry.

Future Growth

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

19.1%

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

  • Take a look at our analysis of ALCES’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Cesar competitive advantages and company strategy can generally be found in its financial reports archived here.
  • Explore growth companies in the Consumer Durables industry.

Past Performance

How has Cesar performed over the past 5 years?

-26.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALCES is currently unprofitable.

Growing Profit Margin: ALCES is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ALCES is unprofitable, and losses have increased over the past 5 years at a rate of 26.7% per year.

Accelerating Growth: Unable to compare ALCES's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ALCES is unprofitable, making it difficult to compare its past year earnings growth to the Leisure industry (-0.6%).


Return on Equity

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


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


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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


CEO

Daniel Velasco

no data

Tenure

Mr. Daniel Velasco serves as Chief Executive Officer and Chairman of the Board at César SA. Mr. Velasco is a sole Director of BISCALUX and President of SAS FESTIVEO. He served as a Manager of the Civil Rea ...


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

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: €322.244k
  • Shares outstanding: 2.30m
  • Website: https://www.cesar-group.fr

Number of Employees


Location

  • Cesar SA
  • ZI 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

Biography

Cesar SA designs and manufactures costumes and masks in France. The company 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 Analysis2020/09/20 03:54
End of Day Share Price2020/09/18 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.