ENXTPA:ALMND

Stock Analysis Report

Montagne et Neige Développement

Executive Summary

Montagne et Neige Développement SA develops, equips, and protects ski resorts, leisure facilities, access roads, and other mountain infrastructure worldwide.

Snowflake

High growth potential and overvalued.

Rewards

Revenue is forecast to grow by 22.51% next year

Revenue grew by 18.5% over the past year

Risk Analysis

Highly volatile share price over past 3 months

Large one-off items impacting financial results

Current net profit margin (-2.8%) is lower than last year (1.6%)

Latest financial reports are more than 6 months old

+ 2 more risks

Share Price & News

How has Montagne et Neige Développement's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0.9%

ALMND

-0.1%

FR Leisure

1.0%

FR Market


1 Year Return

-73.0%

ALMND

-30.8%

FR Leisure

14.7%

FR Market

Return vs Industry: ALMND underperformed the French Leisure industry which returned -30.8% over the past year.

Return vs Market: ALMND underperformed the French Market which returned 14.7% over the past year.


Shareholder returns

ALMNDIndustryMarket
7 Day0.9%-0.1%1.0%
30 Day-6.2%-6.1%3.9%
90 Dayn/a-1.5%8.4%
1 Year-73.0%-73.0%-29.5%-30.8%18.5%14.7%
3 Year-77.8%-77.8%-8.8%-12.6%50.9%36.4%
5 Year-84.7%-84.7%-12.2%-16.2%72.3%47.4%

Price Volatility Vs. Market

How volatile is Montagne et Neige Développement's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Montagne et Neige Développement undervalued compared to its fair value and its price relative to the market?

0.19x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: ALMND (€0.37) is trading above our estimate of fair value (€0.17)

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


Price To Earnings Ratio

PE vs Industry: ALMND is unprofitable, so we can't compare its PE Ratio to the Leisure industry average.

PE vs Market: ALMND is unprofitable, so we can't compare its PE Ratio to the French market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ALMND is good value based on its PB Ratio (0.2x) compared to the FR Leisure industry average (1.7x).


Next Steps

Future Growth

How is Montagne et Neige Développement forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

106.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALMND is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.7%).

Earnings vs Market: ALMND is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ALMND's is expected to become profitable in the next 3 years.

Revenue vs Market: ALMND's revenue (20.7% per year) is forecast to grow faster than the French market (4.6% per year).

High Growth Revenue: ALMND's revenue (20.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ALMND's Return on Equity is forecast to be low in 3 years time (13.8%).


Next Steps

Past Performance

How has Montagne et Neige Développement performed over the past 5 years?

-310.2%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: ALMND has large one-off items impacting its financial results.

Growing Profit Margin: ALMND's current net profit margins (-2.8%) are lower than last year (1.6%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if ALMND's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: ALMND is unprofitable, making it difficult to compare its past year earnings growth to the Leisure industry (11.2%).


Return on Equity

High ROE: ALMND has a negative Return on Equity (-8.45%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Montagne et Neige Développement's financial position?


Financial Position Analysis

Short Term Liabilities: ALMND's short term assets (€117.0M) do not cover its short term liabilities (€126.2M)

Long Term Liabilities: ALMND's short term assets (117.0M) exceeds its long term liabilities (12.8M)


Debt to Equity History and Analysis

Debt Level: ALMND's debt to equity ratio (209.4%) is considered high

Reducing Debt: ALMND's debt to equity ratio has increased from 174.5% to 209.4% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: ALMND's debt is covered by short term assets (assets are 1.9x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if ALMND has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if ALMND has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Montagne et Neige Développement's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%4.5%industryaverage2.9%forecastin3Years0%

Current dividend yield vs market & industry

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

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

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


Current Payout to Shareholders

Dividend Coverage: ALMND is not paying a notable dividend for the French market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ALMND'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 Montagne et Neige Développement's salary, the management and board of directors tenure and is there insider trading?

€232k

CEO Compensation


CEO

Xavier Gallot-Lavallée 0

0yrs

Tenure

€232,411

Compensation

Mr. Xavier Gallot-Lavallée serves as the Chairman and Managing Director of Montagne & Neige Développement. Mr. Gallot-Lavallée founded MND Group Société Anonyme in 2004 and serves as its Chairman of the Bo ...


CEO Compensation Analysis

Compensation vs Market: Xavier's total compensation ($USD0.00) is below average for companies of similar size in the French market ($USD165.50K).

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


Insider Trading

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 been diluted in the past year, with total shares outstanding growing by 15%.


Management Team

  • Roland Didier (58yo)

    Deputy GM & Director

    • Tenure: 0yrs
    • Compensation: €185.28k
  • Xavier Gallot-Lavallée

    Founder

    • Tenure: 0yrs
    • Compensation: €232.41k
  • Ernesto Bassetti

    Co-Founder

    • Tenure: 0yrs
    • Compensation: €249.96k
  • Emanuel Morin

    Head Officer of China

    • Tenure: 0yrs

Board Members

  • Roland Didier (58yo)

    Deputy GM & Director

    • Tenure: 0yrs
    • Compensation: €185.28k
  • Xavier Gallot-Lavallée

    Founder

    • Tenure: 0yrs
    • Compensation: €232.41k
  • Ernesto Bassetti

    Co-Founder

    • Tenure: 0yrs
    • Compensation: €249.96k
  • Christine Fenouil

    Independent Director

    • Tenure: 0yrs
    • Compensation: €1.37k

Company Information

Montagne et Neige Développement SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Montagne et Neige Développement SA
  • Ticker: ALMND
  • Exchange: ENXTPA
  • Founded: 2004
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: €38.031m
  • Shares outstanding: 103.63m
  • Website: https://www.mnd-group.com

Number of Employees


Location

  • Montagne et Neige Développement SA
  • Parc d'Activités ALPESPACE
  • 74 Voie Magellan
  • Sainte-Hélène-du-Lac
  • Rhône-Alpes
  • 73800
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALMNDENXTPA (Euronext Paris)YesOrdinary SharesFREUROct 2013
2MNDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2013

Biography

Montagne et Neige Développement SA develops, equips, and protects ski resorts, leisure facilities, access roads, and other mountain infrastructure worldwide. It offers safety and leisure equipment, includi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/11 21:22
End of Day Share Price2019/11/11 00:00
Earnings2018/09/30
Annual Earnings2018/03/31


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.