ENXTPA:ASP

Stock Analysis Report

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Executive Summary

AST Groupe operates as a real estate developer in France. More Details


Snowflake Analysis

Good value with adequate balance sheet.

Share Price & News

How has AST Groupe's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ASP is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: ASP's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

7.7%

ASP

0.4%

FR Consumer Durables

1.5%

FR Market


1 Year Return

36.2%

ASP

5.5%

FR Consumer Durables

-1.8%

FR Market

Return vs Industry: ASP exceeded the French Consumer Durables industry which returned 5.5% over the past year.

Return vs Market: ASP exceeded the French Market which returned -1.9% over the past year.


Shareholder returns

ASPIndustryMarket
7 Day7.7%0.4%1.5%
30 Day22.0%8.7%19.8%
90 Day38.0%3.9%12.3%
1 Year36.2%36.2%7.2%5.5%0.2%-1.8%
3 Year-42.2%-46.5%0.4%-4.7%18.8%8.9%
5 Year80.8%54.2%65.8%51.2%50.4%30.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is AST Groupe undervalued compared to its fair value and its price relative to the market?

18.49x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ASP (€4.21) is trading above our estimate of fair value (€4.05)

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


Price To Earnings Ratio

PE vs Industry: ASP is good value based on its PE Ratio (18.5x) compared to the FR Consumer Durables industry average (26.3x).

PE vs Market: ASP is good value based on its PE Ratio (18.5x) compared to the French market (21.1x).


Price to Earnings Growth Ratio

PEG Ratio: ASP is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: ASP is good value based on its PB Ratio (1.5x) compared to the FR Consumer Durables industry average (2.6x).


Next Steps

Future Growth

How is AST Groupe forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

37.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASP's forecast earnings growth (37.9% per year) is above the savings rate (0.6%).

Earnings vs Market: ASP's earnings (37.9% per year) are forecast to grow faster than the French market (25.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ASP's revenue (4.8% per year) is forecast to grow slower than the French market (7.3% per year).

High Growth Revenue: ASP's revenue (4.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ASP's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has AST Groupe performed over the past 5 years?

11.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASP has high quality earnings.

Growing Profit Margin: ASP's current net profit margins (1.8%) are higher than last year (1.5%).


Past Earnings Growth Analysis

Earnings Trend: ASP's earnings have grown by 11.5% per year over the past 5 years.

Accelerating Growth: ASP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ASP had negative earnings growth (-5.8%) over the past year, making it difficult to compare to the Consumer Durables industry average (-11.7%).


Return on Equity

High ROE: ASP's Return on Equity (8.3%) is considered low.


Next Steps

Financial Health

How is AST Groupe's financial position?


Financial Position Analysis

Short Term Liabilities: ASP's short term assets (€100.7M) exceed its short term liabilities (€84.8M).

Long Term Liabilities: ASP's short term assets (€100.7M) exceed its long term liabilities (€29.9M).


Debt to Equity History and Analysis

Debt Level: ASP's debt to equity ratio (114.7%) is considered high.

Reducing Debt: ASP's debt to equity ratio has increased from 77.1% to 114.7% over the past 5 years.

Debt Coverage: ASP's debt is well covered by operating cash flow (33.5%).

Interest Coverage: ASP's interest payments on its debt are well covered by EBIT (12x coverage).


Balance Sheet


Next Steps

Dividend

What is AST Groupe current dividend yield, its reliability and sustainability?

3.96%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ASP'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?

9.6yrs

Average board tenure


CEO

Alain Tur

20.5yrs

Tenure

€223,500

Compensation

Mr. Alain Tur is a Co-Founder of AST Groupe and has been its Chairman and Chief Executive Officer since May 17, 2000. Mr. Tur served as President and Managing Director of AST Groupe.


CEO Compensation Analysis

Compensation vs Market: Alain's total compensation ($USD267.22K) is about average for companies of similar size in the French market ($USD261.84K).

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


Board Members

NamePositionTenureCompensationOwnership
Alain Tur
Co-Founder20.5yrs€223.50k18.11%
€ 9.8m
Sylvain Tur
Co-Founder20.5yrs€222.60k6.98%
€ 3.8m
Olivier Lamy
Deputy CEO4.67yrs€198.20k1.17%
€ 631.9k
Jerome Gacoin
Independent Director10.67yrsno data0.0078%
€ 4.2k
Martine Collonge
Independent Director8.5yrs€5.60k0.039%
€ 21.1k
Virginie Smolders
Director3.5yrs€5.60kno data

9.6yrs

Average Tenure

Experienced Board: ASP's board of directors are considered experienced (9.6 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

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


Top Shareholders

Company Information

AST Groupe's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AST Groupe
  • Ticker: ASP
  • Exchange: ENXTPA
  • Founded: 1993
  • Industry: Homebuilding
  • Sector: Consumer Durables
  • Market Cap: €54.132m
  • Shares outstanding: 12.86m
  • Website: https://www.ast-groupe.fr

Number of Employees


Location

  • AST Groupe
  • 78, rue Elisée Reclus
  • Décines-Charpieu
  • Rhône-Alpes
  • 69150
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASPENXTPA (Euronext Paris)YesOrdinary SharesFREURJul 2000
ASPPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 2000
0J2SLSE (London Stock Exchange)YesOrdinary SharesGBEURJul 2000
9NADB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2000

Biography

AST Groupe operates as a real estate developer in France. The company engages in the development and construction of houses and apartments, as well as develops land. The company’s projects include individu...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/28 18:37
End of Day Share Price2020/11/27 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.