ENXTPA:ALMGI

Stock Analysis Report

Executive Summary

MG International produces pool equipment.

Rewards

Trading at 91.4% below its fair value

Earnings grew by 37.6% over the past year

Risk Analysis

Has a high level of debt

Shareholders have been diluted in the past year

Does not have a meaningful market cap (€15M)



Snowflake Analysis

Undervalued with solid track record.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-2.0%

ALMGI

-0.7%

FR Consumer Durables

0.9%

FR Market


1 Year Return

30.4%

ALMGI

13.8%

FR Consumer Durables

18.9%

FR Market

Return vs Industry: ALMGI exceeded the French Consumer Durables industry which returned 13.8% over the past year.

Return vs Market: ALMGI exceeded the French Market which returned 18.9% over the past year.


Shareholder returns

ALMGIIndustryMarket
7 Day-2.0%-0.7%0.9%
30 Day0.7%-1.7%-0.5%
90 Day-14.1%-6.0%3.3%
1 Year30.4%30.4%16.2%13.8%23.1%18.9%
3 Year78.6%78.0%11.7%6.1%41.5%27.8%
5 Year290.5%289.3%121.1%99.5%70.7%46.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is MG International 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: ALMGI (€2.92) is trading below our estimate of fair value (€33.99)

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


Price To Earnings Ratio

PE vs Industry: ALMGI is good value based on its PE Ratio (7.2x) compared to the Consumer Durables industry average (15x).

PE vs Market: ALMGI is good value based on its PE Ratio (7.2x) compared to the French market (17.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ALMGI is good value based on its PB Ratio (1x) compared to the FR Consumer Durables industry average (3x).


Next Steps

Future Growth

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

10.3%

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 MG International 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 MG International performed over the past 5 years?

33.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALMGI has high quality earnings.

Growing Profit Margin: ALMGI's current net profit margins (4.5%) are higher than last year (3.7%).


Past Earnings Growth Analysis

Earnings Trend: ALMGI's earnings have grown significantly by 33.2% per year over the past 5 years.

Accelerating Growth: ALMGI's earnings growth over the past year (37.6%) exceeds its 5-year average (33.2% per year).

Earnings vs Industry: ALMGI earnings growth over the past year (37.6%) exceeded the Consumer Durables industry -3.2%.


Return on Equity

High ROE: ALMGI's Return on Equity (14.2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is MG International's financial position?


Financial Position Analysis

Short Term Liabilities: ALMGI's short term assets (€36.1M) exceed its short term liabilities (€23.0M).

Long Term Liabilities: ALMGI's short term assets (€36.1M) exceed its long term liabilities (€7.8M).


Debt to Equity History and Analysis

Debt Level: ALMGI's debt to equity ratio (55.6%) is considered high.

Reducing Debt: ALMGI's debt to equity ratio has reduced from 69.5% to 55.6% over the past 5 years.

Debt Coverage: ALMGI's debt is well covered by operating cash flow (41%).

Interest Coverage: ALMGI's interest payments on its debt are well covered by EBIT (39.7x coverage).


Balance Sheet

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

Debt Coverage by Assets: ALMGI's debt is covered by short term assets (assets are 4.4x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%4.6%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate ALMGI'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 ALMGI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ALMGI'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 ALMGI'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 MG International's salary, the management and board of directors tenure and is there insider trading?


CEO

Vincent Quéré 0

0yrs

Tenure

0

Mr. Vincent Quéré serves as Chief Executive Officer of MG International. Mr. Quéré serves as the Chief Executive Officer of MTFR of Maytronics Ltd. He served as Executive Vice President of MG International ...


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

  • Vincent Quéré

    Chief Executive Officer

    • Tenure: 0yrs

Board Members

  • Eyal Tryber

    Chairman of the Board

    • Tenure: 0yrs
  • Menahem Maymon

    Member of the Board of Directors

    • Tenure: 0yrs
  • Olivier Chareyron

    Member of the Board of Directors

    • Tenure: 0yrs
    • Compensation: €53.00k
  • Sharon Goldenberg (46yo)

    Member of the Board of Directors

    • Tenure: 0yrs

Company Information

MG International's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MG International
  • Ticker: ALMGI
  • Exchange: ENXTPA
  • Founded: 2002
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Market Cap: €15.067m
  • Shares outstanding: 5.16m
  • Website: https://www.mginternational.fr

Number of Employees


Location

  • MG International
  • 34, Avenue des Tamaris
  • ZI Athelia II
  • La Ciotat
  • Provence-Alpes-Côte d'Azur
  • 13704
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALMGIENXTPA (Euronext Paris)YesCommon SharesFREURJun 2005

Biography

MG International produces pool equipment. The company offers pool cleaning solutions, such as electric robots; safety systems consisting of alarms; and automatic pool covers under the Dolphin, Aqualife, Aq ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/13 20:50
End of Day Share Price2019/12/13 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.