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Piscines Desjoyaux

ENXTPA:ALPDX
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ALPDX
ENXTPA
€98M
Market Cap
  1. Home
  2. FR
  3. Consumer Durables
Company description

Piscines Desjoyaux SA engages in the construction, renovation, and maintenance of swimming pools in France and internationally. The last earnings update was 135 days ago. More info.


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ALPDX Share Price and Events
7 Day Returns
-0.9%
ENXTPA:ALPDX
-0.7%
FR Leisure
1.9%
FR Market
1 Year Returns
-24%
ENXTPA:ALPDX
-35.4%
FR Leisure
-2.3%
FR Market
ALPDX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Piscines Desjoyaux (ALPDX) -0.9% -0.9% -0.9% -24% 49.3% 103.7%
FR Leisure -0.7% -3.8% 5.7% -35.4% 30.5% 3.7%
FR Market 1.9% -2.3% 5.9% -2.3% 30.8% 29.8%
1 Year Return vs Industry and Market
  • ALPDX outperformed the Leisure industry which returned -35.4% over the past year.
  • ALPDX underperformed the Market in France which returned -2.3% over the past year.
Price Volatility
ALPDX
Industry
5yr Volatility vs Market
Related Companies

ALPDX Value

 Is Piscines Desjoyaux undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Piscines Desjoyaux to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Piscines Desjoyaux.

ENXTPA:ALPDX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year FR Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTPA:ALPDX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
Leisure Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.911 (1 + (1- 33%) (17.36%))
1.012
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (1.012 * 6.65%)
7.46%

Discounted Cash Flow Calculation for ENXTPA:ALPDX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Piscines Desjoyaux is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ENXTPA:ALPDX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.46%)
2019 6.76 Est @ -2.48% 6.29
2020 6.66 Est @ -1.51% 5.77
2021 6.60 Est @ -0.84% 5.32
2022 6.58 Est @ -0.37% 4.93
2023 6.58 Est @ -0.04% 4.59
2024 6.59 Est @ 0.19% 4.28
2025 6.61 Est @ 0.36% 4.00
2026 6.64 Est @ 0.47% 3.74
2027 6.68 Est @ 0.55% 3.50
2028 6.72 Est @ 0.6% 3.27
Present value of next 10 years cash flows €45.69
ENXTPA:ALPDX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €6.72 × (1 + 0.73%) ÷ (7.46% – 0.73%)
€100.64
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €100.64 ÷ (1 + 7.46%)10
€49.01
ENXTPA:ALPDX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €45.69 + €49.01
€94.69
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €94.69 / 8.97
€10.55
ENXTPA:ALPDX Discount to Share Price
Calculation Result
Value per share (EUR) From above. €10.55
Current discount Discount to share price of €10.90
= -1 x (€10.90 - €10.55) / €10.55
-3.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Piscines Desjoyaux is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Piscines Desjoyaux's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Piscines Desjoyaux's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:ALPDX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-08-31) in EUR €0.56
ENXTPA:ALPDX Share Price ** ENXTPA (2019-05-17) in EUR €10.9
France Leisure Industry PE Ratio Median Figure of 7 Publicly-Listed Leisure Companies 19.57x
France Market PE Ratio Median Figure of 418 Publicly-Listed Companies 17.81x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Piscines Desjoyaux.

ENXTPA:ALPDX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:ALPDX Share Price ÷ EPS (both in EUR)

= 10.9 ÷ 0.56

19.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Piscines Desjoyaux is good value based on earnings compared to the FR Leisure industry average.
  • Piscines Desjoyaux is overvalued based on earnings compared to the France market.
Price based on expected Growth
Does Piscines Desjoyaux's expected growth come at a high price?
Raw Data
ENXTPA:ALPDX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
0.6%per year
Europe Leisure Industry PEG Ratio Median Figure of 12 Publicly-Listed Leisure Companies 1.49x
France Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Piscines Desjoyaux, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Piscines Desjoyaux's assets?
Raw Data
ENXTPA:ALPDX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-08-31) in EUR €6.87
ENXTPA:ALPDX Share Price * ENXTPA (2019-05-17) in EUR €10.9
France Leisure Industry PB Ratio Median Figure of 8 Publicly-Listed Leisure Companies 1.77x
France Market PB Ratio Median Figure of 619 Publicly-Listed Companies 1.44x
ENXTPA:ALPDX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:ALPDX Share Price ÷ Book Value per Share (both in EUR)

= 10.9 ÷ 6.87

1.59x

* Primary Listing of Piscines Desjoyaux.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Piscines Desjoyaux is good value based on assets compared to the FR Leisure industry average.
X
Value checks
We assess Piscines Desjoyaux's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Leisure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Leisure industry average (and greater than 0)? (1 check)
  5. Piscines Desjoyaux has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ALPDX Future Performance

 How is Piscines Desjoyaux expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Piscines Desjoyaux, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Piscines Desjoyaux expected to grow at an attractive rate?
  • Piscines Desjoyaux's earnings growth is positive but not above the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Piscines Desjoyaux's earnings growth is positive but not above the France market average.
  • Unable to compare Piscines Desjoyaux's revenue growth to the France market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ENXTPA:ALPDX Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:ALPDX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 0.6%
France Leisure Industry Earnings Growth Rate Market Cap Weighted Average 16.6%
Europe Leisure Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
France Market Earnings Growth Rate Market Cap Weighted Average 13.2%
France Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTPA:ALPDX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:ALPDX Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
ENXTPA:ALPDX Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-08-31 92 12 5
2018-05-31 92 13 5
2018-02-28 92 14 5
2017-11-30 91 13 6
2017-08-31 90 13 6
2017-02-28 84 10 6
2016-11-30 84 11 6
2016-08-31 83 12 5
2016-05-31 80 12 4
2016-02-29 77 12 4
2015-11-30 74 9 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Piscines Desjoyaux's earnings are expected to grow by 0.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Piscines Desjoyaux is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTPA:ALPDX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Piscines Desjoyaux Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:ALPDX Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
ENXTPA:ALPDX Past Financials Data
Date (Data in EUR Millions) EPS *
2018-08-31 0.56
2018-05-31 0.56
2018-02-28 0.55
2017-11-30 0.62
2017-08-31 0.69
2017-02-28 0.71
2016-11-30 0.62
2016-08-31 0.54
2016-05-31 0.50
2016-02-29 0.46
2015-11-30 0.38

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Piscines Desjoyaux will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Piscines Desjoyaux's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the France market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Piscines Desjoyaux has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ALPDX Past Performance

  How has Piscines Desjoyaux performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Piscines Desjoyaux's growth in the last year to its industry (Leisure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Piscines Desjoyaux's year on year earnings growth rate has been positive over the past 5 years.
  • Piscines Desjoyaux's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Piscines Desjoyaux's 1-year earnings growth is negative, it can't be compared to the FR Leisure industry average.
Earnings and Revenue History
Piscines Desjoyaux's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Piscines Desjoyaux Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:ALPDX Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-08-31 91.92 5.00 31.34
2018-05-31 91.89 4.99 31.87
2018-02-28 91.86 4.99 31.40
2017-11-30 90.80 5.61 31.29
2017-08-31 89.74 6.24 32.17
2017-02-28 84.29 6.36 32.47
2016-11-30 83.54 5.59 31.61
2016-08-31 82.78 4.82 30.75
2016-05-31 80.00 4.48 30.40
2016-02-29 77.22 4.14 29.83
2015-11-30 74.17 3.40 29.18
2015-08-31 71.11 2.65 28.53
2015-05-31 69.80 2.47 27.75
2015-02-28 68.48 2.30 26.97
2014-11-30 69.44 2.89 26.56
2014-08-31 70.39 3.49 26.14
2014-05-31 69.67 3.18 25.36
2014-02-28 68.95 2.86 24.59
2013-11-30 68.58 2.41 24.88
2013-08-31 68.20 1.96 25.18
2013-05-31 70.34 2.12 25.92
2013-02-28 72.48 2.23 27.27
2012-11-30 73.61 2.66 27.32
2012-08-31 74.74 3.09 27.37
2012-05-31 75.06 3.39 27.63

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Piscines Desjoyaux has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Piscines Desjoyaux used its assets more efficiently than the FR Leisure industry average last year based on Return on Assets.
  • Piscines Desjoyaux has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Piscines Desjoyaux's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Leisure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Piscines Desjoyaux has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ALPDX Health

 How is Piscines Desjoyaux's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Piscines Desjoyaux's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Piscines Desjoyaux is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Piscines Desjoyaux's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Piscines Desjoyaux's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Piscines Desjoyaux Company Filings, last reported 8 months ago.

ENXTPA:ALPDX Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-08-31 61.62 16.98 19.54
2018-05-31 61.62 16.98 19.54
2018-02-28 55.81 20.49 13.94
2017-11-30 55.81 20.49 13.94
2017-08-31 61.37 17.79 18.56
2017-02-28 54.97 19.77 7.33
2016-11-30 54.97 19.77 7.33
2016-08-31 59.75 20.80 18.69
2016-05-31 59.75 20.98 18.69
2016-02-29 53.27 23.08 9.92
2015-11-30 53.27 23.08 9.92
2015-08-31 59.40 26.76 20.10
2015-05-31 59.40 26.76 20.10
2015-02-28 53.97 27.96 9.98
2014-11-30 53.97 27.96 9.98
2014-08-31 61.37 26.85 20.28
2014-05-31 61.37 26.85 20.28
2014-02-28 56.02 26.43 11.43
2013-11-30 56.02 26.43 11.43
2013-08-31 62.38 28.56 21.54
2013-05-31 62.38 28.56 21.54
2013-02-28 57.91 28.42 10.28
2012-11-30 57.91 28.42 10.28
2012-08-31 65.16 30.99 23.11
2012-05-31 65.16 30.99 23.11
  • Piscines Desjoyaux's level of debt (27.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (45.8% vs 27.6% today).
  • Debt is well covered by operating cash flow (69.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 54.8x coverage).
X
Financial health checks
We assess Piscines Desjoyaux's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Piscines Desjoyaux has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ALPDX Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.68%
Current annual income from Piscines Desjoyaux dividends.
If you bought €2,000 of Piscines Desjoyaux shares you are expected to receive €94 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Piscines Desjoyaux's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.57%).
  • Piscines Desjoyaux's dividend is above the markets top 25% of dividend payers in France (4.49%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTPA:ALPDX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Leisure Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 2.5%
France Market Average Dividend Yield Market Cap Weighted Average of 324 Stocks 3.1%
France Minimum Threshold Dividend Yield 10th Percentile 1%
France Bottom 25% Dividend Yield 25th Percentile 1.6%
France Top 25% Dividend Yield 75th Percentile 4.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTPA:ALPDX Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
ENXTPA:ALPDX Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-01-04 0.510 4.574
2018-12-21 0.510 4.573
2017-12-27 0.510 3.765
2016-12-27 0.510 4.035
2016-12-20 0.510 4.873
2015-12-28 0.510 6.284
2015-12-18 0.510 6.533
2014-12-24 0.510 7.407
2013-12-27 0.510 9.385
2012-12-17 0.510 11.075
2012-12-03 0.510 9.081
2012-05-25 0.510 10.534
2011-12-30 0.510 9.387
2011-12-02 0.510 9.818
2010-12-23 0.480 7.704
2010-12-06 0.480 7.072
2010-01-06 0.340 4.812
2009-12-03 0.340 5.293

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Piscines Desjoyaux has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Piscines Desjoyaux only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Piscines Desjoyaux's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Piscines Desjoyaux's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Piscines Desjoyaux afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Piscines Desjoyaux has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ALPDX Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jean-Louis Desjoyaux
COMPENSATION €173,204
CEO Bio

Mr. Jean-Louis Desjoyaux serves as the Chairman of the Board, Chief Executive Officer at Piscines Desjoyaux SA. and served its as a Managing Director.

CEO Compensation
  • Insufficient data for Jean-Louis to compare compensation growth.
  • Jean-Louis's remuneration is lower than average for companies of similar size in France.
Management Team

Jean-Louis Desjoyaux

TITLE
Chairman & CEO
COMPENSATION
€173K

Catherine Jandros

TITLE
Deputy CEO & Director
COMPENSATION
€120K
Board of Directors

Jean-Louis Desjoyaux

TITLE
Chairman & CEO
COMPENSATION
€173K

Catherine Jandros

TITLE
Deputy CEO & Director
COMPENSATION
€120K

Nicolas Desjoyaux

TITLE
Director
COMPENSATION
€100K
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Piscines Desjoyaux's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Piscines Desjoyaux has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ALPDX News

Simply Wall St News

Is Piscines Desjoyaux SA's (EPA:ALPDX) ROE Of 8.1% Impressive?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Piscines Desjoyaux: 8.1% = €5.0m ÷ €62m (Based on the trailing twelve months to August 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … The Importance Of Debt To Return On Equity Companies usually need to invest money to grow their profits. … Combining Piscines Desjoyaux's Debt And Its 8.1% Return On Equity Piscines Desjoyaux has a debt to equity ratio of 0.28, which is far from excessive.

Simply Wall St -

Is Piscines Desjoyaux SA's (EPA:ALPDX) High P/E Ratio A Problem For Investors?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll show how you can use Piscines Desjoyaux SA's (EPA:ALPDX) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Piscines Desjoyaux (EPA:ALPDX) Shareholders Received A Total Return Of 178% In The Last Five Years

One great example is Piscines Desjoyaux SA (EPA:ALPDX) which saw its share price drive 114% higher over five years. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … During five years of share price growth, Piscines Desjoyaux achieved compound earnings per share (EPS) growth of 21% per year.

Simply Wall St -

How Does Piscines Desjoyaux SA (EPA:ALPDX) Fare As A Dividend Stock?

Historically, Piscines Desjoyaux SA (EPA:ALPDX) has paid a dividend to shareholders. … Let's dig deeper into whether Piscines Desjoyaux should have a place in your portfolio. … See our latest analysis for Piscines Desjoyaux

Simply Wall St -

Is Piscines Desjoyaux SA's (EPA:ALPDX) Balance Sheet Strong Enough To Weather A Storm?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Piscines Desjoyaux SA (EPA:ALPDX) Has A ROE Of 9.0%

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Piscines Desjoyaux SA (EPA:ALPDX). … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.090 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Kind Of Shareholders Own Piscines Desjoyaux SA (EPA:ALPDX)?

The big shareholder groups in Piscines Desjoyaux SA (EPA:ALPDX) have power over the company. … Piscines Desjoyaux is not a large company by global standards. … We can zoom in on the different ownership groups, to learn more about ALPDX

Simply Wall St -

Piscines Desjoyaux SA (EPA:ALPDX): The Return Story

and looking to gauge the potential return on investment in Piscines Desjoyaux SA (EPA:ALPDX). … This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … Therefore, looking at how efficiently Piscines Desjoyaux is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

Should You Be Tempted To Sell Piscines Desjoyaux SA (EPA:ALPDX) Because Of Its P/E Ratio?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Piscines Desjoyaux has a price to earnings ratio of 22.06, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

What You Must Know About Piscines Desjoyaux SA's (EPA:ALPDX) Financial Strength

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

ALPDX Company Info

Description

Piscines Desjoyaux SA engages in the construction, renovation, and maintenance of swimming pools in France and internationally. The company offers outdoor, in-ground, indoor, above ground, communal, and floating pools, as well as spas. It also constructs public pools, paving, and swimming pool edges, as well as pool-related equipment, such as solar covers, showers, safety barriers, cover rollers, etc. The company was founded in 1966 and is based in La Fouillouse, France.

Details
Name: Piscines Desjoyaux SA
ALPDX
Exchange: ENXTPA
Founded: 1966
€97,826,170
8,974,878
Website: http://www.desjoyaux.com
Address: Piscines Desjoyaux SA
42 Avenue Benoît Fourneyron,
BP 280, Cedex,
La Fouillouse,
Rhône-Alpes, 42486,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA ALPDX Ordinary Shares Euronext Paris FR EUR 20. Apr 1993
Number of employees
Current staff
Staff numbers
261
Piscines Desjoyaux employees.
Industry
Leisure Products
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 20:40
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2016/12/20
Last earnings filing: 2019/01/04
Last earnings reported: 2018/08/31
Last annual earnings reported: 2018/08/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.