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ALTA

Le Tanneur & Cie Société anonyme ENXTPA:ALTAN Stock Report

Last Price

€3.92

Market Cap

€47.6m

7D

0%

1Y

15.3%

Updated

28 Sep, 2022

Data

Company Financials
ALTAN fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

ALTAN Stock Overview

Le Tanneur & Cie Société anonyme, together with its subsidiaries, creates, manufactures, distributes, and franchises leather goods under the Le Tanneur and Soco brands in France and internationally.

Le Tanneur & Cie Société anonyme Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Le Tanneur & Cie Société anonyme
Historical stock prices
Current Share Price€3.92
52 Week High€4.32
52 Week Low€3.00
Beta0.67
1 Month Change-7.11%
3 Month Change-4.39%
1 Year Change15.29%
3 Year Change-1.01%
5 Year Change61.98%
Change since IPO-80.10%

Recent News & Updates

Shareholder Returns

ALTANFR LuxuryFR Market
7D0%-4.7%-4.0%
1Y15.3%-6.2%-12.5%

Return vs Industry: ALTAN exceeded the French Luxury industry which returned -6.2% over the past year.

Return vs Market: ALTAN exceeded the French Market which returned -12.5% over the past year.

Price Volatility

Is ALTAN's price volatile compared to industry and market?
ALTAN volatility
ALTAN Average Weekly Movementn/a
Luxury Industry Average Movement3.8%
Market Average Movement4.9%
10% most volatile stocks in FR Market9.1%
10% least volatile stocks in FR Market2.8%

Stable Share Price: Insufficient data to determine ALTAN's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine ALTAN's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1898628Eric Daileyhttps://www.letanneur.com

Le Tanneur & Cie Société anonyme, together with its subsidiaries, creates, manufactures, distributes, and franchises leather goods under the Le Tanneur and Soco brands in France and internationally. The company offers bags, handbags, cross body bags, shoulder and shopping bags, pouches and belt bags, backpacks, travel bags, small leather goods, briefcases, wallets, card holders, toiletry bags, checkbook and paper holders, jewelry and watch cases, bracelets and belts, keyrings, leather gloves, cleaning products, and other accessories for men and women. It also provides leather goods for luxury houses.

Le Tanneur & Cie Société anonyme Fundamentals Summary

How do Le Tanneur & Cie Société anonyme's earnings and revenue compare to its market cap?
ALTAN fundamental statistics
Market Cap€47.61m
Earnings (TTM)-€1.61m
Revenue (TTM)€59.72m

0.8x

P/S Ratio

-29.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALTAN income statement (TTM)
Revenue€59.72m
Cost of Revenue€38.05m
Gross Profit€21.67m
Other Expenses€23.28m
Earnings-€1.61m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.13
Gross Margin36.29%
Net Profit Margin-2.70%
Debt/Equity Ratio235.7%

How did ALTAN perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ALTAN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ALTAN?

Other financial metrics that can be useful for relative valuation.

ALTAN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA71.8x
PEG Ration/a

Price to Sales Ratio vs Peers

How does ALTAN's PS Ratio compare to its peers?

ALTAN PS Ratio vs Peers
The above table shows the PS ratio for ALTAN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2.2x
DPT S.T. Dupont
2xn/a€70.3m
ALDAR Damartex
0.2x3.4%€111.6m
GJAJ Groupe JAJ
0.3xn/a€5.4m
ALPER La Perla Fashion Holding
6.5xn/a€475.1m
ALTAN Le Tanneur & Cie Société anonyme
0.8xn/a€47.6m

Price-To-Sales vs Peers: ALTAN is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (2.2x).


Price to Earnings Ratio vs Industry

How does ALTAN's PE Ratio compare vs other companies in the European Luxury Industry?

Price-To-Sales vs Industry: ALTAN is expensive based on its Price-To-Sales Ratio (0.8x) compared to the European Luxury industry average (0.6x)


Price to Sales Ratio vs Fair Ratio

What is ALTAN's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ALTAN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.8x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate ALTAN's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of ALTAN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate ALTAN's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ALTAN's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Le Tanneur & Cie Société anonyme forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.5%

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 Le Tanneur & Cie Société anonyme 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.


Discover growth companies

Past Performance

How has Le Tanneur & Cie Société anonyme performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-7.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ALTAN is currently unprofitable.

Growing Profit Margin: ALTAN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ALTAN is unprofitable, and losses have increased over the past 5 years at a rate of 7.7% per year.

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

Earnings vs Industry: ALTAN is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (32%).


Return on Equity

High ROE: ALTAN has a negative Return on Equity (-23.69%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Le Tanneur & Cie Société anonyme's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ALTAN's short term assets (€34.6M) exceed its short term liabilities (€17.9M).

Long Term Liabilities: ALTAN's short term assets (€34.6M) exceed its long term liabilities (€20.2M).


Debt to Equity History and Analysis

Debt Level: ALTAN's net debt to equity ratio (75.5%) is considered high.

Reducing Debt: ALTAN's debt to equity ratio has reduced from 249.5% to 235.7% over the past 5 years.


Balance Sheet


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: ALTAN has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: ALTAN has sufficient cash runway for 2.4 years if free cash flow continues to reduce at historical rates of 40% each year.


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Dividend

What is Le Tanneur & Cie Société anonyme current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Le Tanneur & Cie Société anonyme Dividend Yield vs Market
How does Le Tanneur & Cie Société anonyme dividend yield compare to the market?
SegmentDividend Yield
Company (Le Tanneur & Cie Société anonyme)n/a
Market Bottom 25% (FR)2.0%
Market Top 25% (FR)6.1%
Industry Average (Luxury)1.8%
Analyst forecast in 3 Years (Le Tanneur & Cie Société anonyme)n/a

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

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

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ALTAN has not reported any payouts.


Discover strong dividend paying companies

Management

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

5.0yrs

Average board tenure


CEO

Eric Dailey (60 yo)

5yrs

Tenure

€294,300

Compensation

Mr. Eric Dailey is the President and Chief Executive Officer at Tolomei Participations. Mr. Dailey has been Chief Executive Officer and Chairman of Le Tanneur & Cie since September 27, 2017.


CEO Compensation Analysis

Eric Dailey's Compensation vs Le Tanneur & Cie Société anonyme Earnings
How has Eric Dailey's remuneration changed compared to Le Tanneur & Cie Société anonyme's earnings?
DateTotal Comp.SalaryCompany Earnings
Dec 31 2021n/an/a

-€2m

Sep 30 2021n/an/a

-€2m

Jun 30 2021n/an/a

-€2m

Mar 31 2021n/an/a

-€2m

Dec 31 2020n/an/a

-€3m

Sep 30 2020n/an/a

-€4m

Jun 30 2020n/an/a

-€5m

Mar 31 2020n/an/a

-€4m

Dec 31 2019n/an/a

-€3m

Sep 30 2019n/an/a

-€3m

Jun 30 2019n/an/a

-€4m

Mar 31 2019n/an/a

-€4m

Dec 31 2018€294k€294k

-€4m

Sep 30 2018n/an/a

-€3m

Jun 30 2018n/an/a

-€2m

Mar 31 2018n/an/a

-€2m

Dec 31 2017€581k€150k

-€2m

Compensation vs Market: Insufficient data to establish whether Eric's total compensation is reasonable compared to companies of similar size in the French market.

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


Board Members

Experienced Board: ALTAN's board of directors are considered experienced (5 years average tenure).


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

What is the ownership structure of ALTAN?
Owner TypeNumber of SharesOwnership Percentage

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Company Information

Le Tanneur & Cie Société anonyme's employee growth, exchange listings and data sources


Key Information

  • Name: Le Tanneur & Cie Société anonyme
  • Ticker: ALTAN
  • Exchange: ENXTPA
  • Founded: 1898
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Implied Market Cap: €47.605m
  • Shares outstanding: 12.14m
  • Website: https://www.letanneur.com

Number of Employees


Location

  • Le Tanneur & Cie Société anonyme
  • 7 Rue Tronchet
  • Paris
  • Ile-de-France
  • 75008
  • France


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALTANENXTPA (Euronext Paris)YesOrdinary SharesFREURApr 2000

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/26 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.