Declared Dividend • May 27
Dividend reduced to €0.20 Dividend of €0.20 is 9.1% lower than last year. Ex-date: 17th June 2026 Payment date: 19th June 2026 Dividend yield will be 2.8%, which is lower than the industry average of 3.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (24% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Price Target Changed • May 22
Price target decreased by 7.3% to €8.11 Down from €8.74, the current price target is an average from 6 analysts. New target price is 16% above last closing price of €6.97. Stock is down 14% over the past year. The company is forecast to post earnings per share of €0.32 next year compared to a net loss per share of €0.53 last year. Announcement • May 05
Bénéteau S.A. to Report First Half, 2026 Results on Sep 23, 2026 Bénéteau S.A. announced that they will report first half, 2026 results on Sep 23, 2026 Announcement • May 04
Bénéteau S.A., Annual General Meeting, Jun 11, 2026 Bénéteau S.A., Annual General Meeting, Jun 11, 2026. Location: 16 boulevard de la mer, saint gilles croix de vie France Reported Earnings • Mar 23
Full year 2025 earnings released Full year 2025 results: Revenue: €849.3m (down 18% from FY 2024). Net loss: €43.0m (down 245% from profit in FY 2024). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Leisure industry in Europe. Price Target Changed • Mar 19
Price target decreased by 8.7% to €8.36 Down from €9.16, the current price target is an average from 7 analysts. New target price is 29% above last closing price of €6.48. Stock is down 36% over the past year. The company is forecast to post a net loss per share of €0.21 compared to earnings per share of €0.37 last year. Announcement • Nov 04
Bénéteau S.A. to Report Fiscal Year 2025 Results on Mar 18, 2026 Bénéteau S.A. announced that they will report fiscal year 2025 results After-Market on Mar 18, 2026 Reported Earnings • Sep 26
First half 2025 earnings released First half 2025 results: Revenue: €403.9m (down 27% from 1H 2024). Net loss: €24.8m (down 193% from profit in 1H 2024). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Leisure industry in Europe. Price Target Changed • Sep 26
Price target decreased by 7.8% to €9.63 Down from €10.44, the current price target is an average from 7 analysts. New target price is 16% above last closing price of €8.27. Stock is down 18% over the past year. The company is forecast to post earnings per share of €0.047 for next year compared to €0.37 last year. Announcement • Jul 29
Bénéteau S.A. to Report First Half, 2025 Results on Sep 24, 2025 Bénéteau S.A. announced that they will report first half, 2025 results on Sep 24, 2025 Major Estimate Revision • Jul 01
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €930.5m to €910.9m. EPS estimate also fell from €0.402 per share to €0.358 per share. Net income forecast to shrink 7.7% next year vs 21% growth forecast for Leisure industry in France . Consensus price target down from €11.08 to €10.85. Share price fell 3.3% to €7.81 over the past week. Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. Independent Director Eric Leonard was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 18
Upcoming dividend of €0.22 per share Eligible shareholders must have bought the stock before 25 June 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of French dividend payers (5.4%). Lower than average of industry peers (3.3%). Price Target Changed • May 26
Price target decreased by 7.7% to €11.15 Down from €12.08, the current price target is an average from 6 analysts. New target price is 35% above last closing price of €8.24. Stock is down 40% over the past year. The company is forecast to post earnings per share of €0.43 for next year compared to €0.37 last year. Major Estimate Revision • May 15
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €976.5m to €959.4m. EPS estimate also fell from €0.493 per share to €0.43 per share. Net income forecast to grow 18% next year vs 24% growth forecast for Leisure industry in France. Consensus price target down from €12.08 to €11.57. Share price fell 2.9% to €8.33 over the past week. Buy Or Sell Opportunity • May 15
Now 22% overvalued Over the last 90 days, the stock has fallen 18% to €8.33. The fair value is estimated to be €6.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.2%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Declared Dividend • May 14
Final dividend of €0.22 announced Shareholders will receive a dividend of €0.22. Ex-date: 25th June 2025 Payment date: 27th June 2025 Dividend yield will be 21%, which is higher than the industry average of 3.5%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 83% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 13
Bénéteau S.A., Annual General Meeting, Jun 19, 2025 Bénéteau S.A., Annual General Meeting, Jun 19, 2025. Location: les embruns, 16 boulevard de la mer, saint gilles croix de vie France Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €8.23, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 21x in the Leisure industry in Europe. Total loss to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.71 per share. Major Estimate Revision • Mar 23
Consensus EPS estimates fall by 34% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €1.03b to €976.5m. EPS estimate also fell from €0.742 per share to €0.492 per share. Net income forecast to grow 35% next year vs 22% growth forecast for Leisure industry in France. Consensus price target down from €12.77 to €12.35. Share price fell 10% to €8.94 over the past week. New Risk • Mar 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (2.9% net profit margin). Buy Or Sell Opportunity • Mar 03
Now 20% undervalued Over the last 90 days, the stock has risen 29% to €9.99. The fair value is estimated to be €12.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last year. Earnings per share has declined by 38%. Revenue is forecast to decline by 11% in 2 years. Earnings are forecast to decline by 24% in the next 2 years. New Risk • Feb 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.7% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Price Target Changed • Feb 12
Price target increased by 8.2% to €12.60 Up from €11.65, the current price target is an average from 6 analysts. New target price is 23% above last closing price of €10.26. Stock is down 16% over the past year. The company is forecast to post earnings per share of €0.84 for next year compared to €1.96 last year. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €10.24, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Leisure industry in Europe. Total loss to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.90 per share. New Risk • Dec 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.0% average weekly change). Price Target Changed • Dec 04
Price target decreased by 8.4% to €11.65 Down from €12.72, the current price target is an average from 6 analysts. New target price is 50% above last closing price of €7.78. Stock is down 32% over the past year. The company is forecast to post earnings per share of €0.59 for next year compared to €1.96 last year. Reported Earnings • Sep 27
First half 2024 earnings released First half 2024 results: Revenue: €558.0m (down 31% from 1H 2023). Net income: €26.7m (down 72% from 1H 2023). Profit margin: 4.8% (down from 12% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Leisure industry in Europe. New Risk • Sep 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 23% per year for the foreseeable future. High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change). Major Estimate Revision • Jul 24
Consensus EPS estimates fall by 29% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €1.18b to €1.11b. EPS estimate also fell from €1.06 per share to €0.746 per share. Net income forecast to shrink 59% next year vs 15% growth forecast for Leisure industry in France . Consensus price target down from €15.26 to €13.14. Share price fell 13% to €9.08 over the past week. Price Target Changed • Jul 23
Price target decreased by 7.8% to €14.26 Down from €15.46, the current price target is an average from 5 analysts. New target price is 38% above last closing price of €10.34. Stock is down 30% over the past year. The company is forecast to post earnings per share of €0.86 for next year compared to €1.96 last year. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €10.88, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Leisure industry in France. Total loss to shareholders of 8.7% over the past three years. Upcoming Dividend • Jun 05
Upcoming dividend of €0.73 per share Eligible shareholders must have bought the stock before 12 June 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 5.6%. Within top quartile of French dividend payers (5.1%). Higher than average of industry peers (4.7%). Major Estimate Revision • May 08
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €1.34b to €1.20b. EPS estimate fell from €1.07 to €1.02 per share. Net income forecast to shrink 47% next year vs 17% growth forecast for Leisure industry in France . Consensus price target of €16.13 unchanged from last update. Share price rose 5.2% to €12.86 over the past week. Declared Dividend • May 08
Dividend increased to €0.73 Dividend of €0.73 is 74% higher than last year. Ex-date: 12th June 2024 Payment date: 14th June 2024 Dividend yield will be 5.7%, which is higher than the industry average of 3.5%. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 38% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 5.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 21
Bénéteau S.A., Annual General Meeting, Jun 04, 2024 Bénéteau S.A., Annual General Meeting, Jun 04, 2024. Reported Earnings • Mar 20
Full year 2023 earnings released Full year 2023 results: Revenue: €1.47b (down 2.7% from FY 2022). Net income: €159.0m (up 54% from FY 2022). Profit margin: 11% (up from 6.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Leisure industry in France. Buy Or Sell Opportunity • Mar 20
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to €13.78. The fair value is estimated to be €11.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to decline by 21% in the next 2 years. Price Target Changed • Dec 09
Price target decreased by 9.4% to €17.50 Down from €19.32, the current price target is an average from 6 analysts. New target price is 60% above last closing price of €10.96. Stock is down 22% over the past year. The company is forecast to post earnings per share of €1.84 for next year compared to €1.27 last year. Buying Opportunity • Dec 07
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be €14.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 59% over the last year. Meanwhile, the company has become profitable. Revenue is forecast to decline by 1.1% in 2 years. Earnings is forecast to decline by 13% in the next 2 years. Price Target Changed • Dec 06
Price target decreased by 7.1% to €18.25 Down from €19.65, the current price target is an average from 6 analysts. New target price is 59% above last closing price of €11.46. Stock is down 16% over the past year. The company is forecast to post earnings per share of €1.85 for next year compared to €1.27 last year. Announcement • Nov 10
Bénéteau S.A. to Report Fiscal Year 2023 Results on Mar 19, 2024 Bénéteau S.A. announced that they will report fiscal year 2023 results After-Market on Mar 19, 2024 New Risk • Nov 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Price Target Changed • Nov 09
Price target decreased by 8.1% to €19.65 Down from €21.38, the current price target is an average from 6 analysts. New target price is 74% above last closing price of €11.28. Stock is up 2.0% over the past year. The company is forecast to post earnings per share of €1.82 for next year compared to €1.27 last year. Reported Earnings • Sep 29
First half 2023 earnings released: EPS: €1.19 (vs €0.65 in 1H 2022) First half 2023 results: EPS: €1.19 (up from €0.65 in 1H 2022). Revenue: €131.2m (down 82% from 1H 2022). Net income: €95.9m (up 81% from 1H 2022). Profit margin: 73% (up from 7.4% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Leisure industry in Europe. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €11.52, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 15x in the Leisure industry in Europe. Total returns to shareholders of 81% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.29 per share. Buying Opportunity • Sep 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be €17.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 52%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Buying Opportunity • Aug 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be €17.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 52%. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Upcoming Dividend • Jun 14
Upcoming dividend of €0.42 per share at 2.5% yield Eligible shareholders must have bought the stock before 21 June 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of French dividend payers (5.2%). In line with average of industry peers (2.7%). Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €16.46, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Leisure industry in Europe. Total returns to shareholders of 202% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €19.52 per share. Announcement • May 09
Bénéteau Enter into Exclusive Discussions with Trigano to Sell BIO HABITAT Bénéteau S.A. (ENXTPA:BEN) said it has entered into exclusive discussions with Trigano S.A. (ENXTPA:TRI) to sell its housing business which is focused on manufacturing leisure homes for the camping tourism sector. The talks concern Beneteau’s subsidiary BIO HABITAT, including the O'HARA, IRM and COCO SWEET brands, as well as all of its employees. The financial details of the transaction under negotiations were not disclosed. A potential divestment will be aligned with the French boats maker’s push to focus on its core business. Price Target Changed • Dec 07
Price target increased to €18.45 Up from €17.07, the current price target is an average from 6 analysts. New target price is 35% above last closing price of €13.70. Stock is down 0.1% over the past year. The company is forecast to post earnings per share of €1.04 for next year compared to €0.89 last year. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improved over the past week After last week's 21% share price gain to €12.78, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Leisure industry in Europe. Total returns to shareholders of 30% over the past three years. Reported Earnings • Sep 30
First half 2022 earnings released First half 2022 results: EPS: €0.64. Net income: €52.9m (up €52.9m from 1H 2021). Revenue is forecast to grow 8.7% p.a. on average during the next 4 years, compared to a 7.1% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Price Target Changed • Aug 17
Price target decreased to €16.88 Down from €18.33, the current price target is an average from 6 analysts. New target price is 48% above last closing price of €11.40. Stock is down 13% over the past year. The company is forecast to post earnings per share of €1.01 for next year compared to €0.89 last year. Price Target Changed • Jul 29
Price target decreased to €17.47 Down from €18.92, the current price target is an average from 6 analysts. New target price is 56% above last closing price of €11.20. Stock is down 19% over the past year. The company is forecast to post earnings per share of €1.01 for next year compared to €0.89 last year. Upcoming Dividend • Jun 15
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 22 June 2022. Payment date: 24 June 2022. Trailing yield: 2.8%. Lower than top quartile of French dividend payers (5.1%). In line with average of industry peers (2.8%). Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Catherine Pourre was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Price Target Changed • Feb 25
Price target increased to €17.90 Up from €16.53, the current price target is an average from 4 analysts. New target price is 23% above last closing price of €14.50. Stock is up 17% over the past year. The company is forecast to post earnings per share of €0.52 next year compared to a net loss per share of €0.73 last year. Price Target Changed • Jul 31
Price target increased to €16.27 Up from €15.07, the current price target is an average from 6 analysts. New target price is 18% above last closing price of €13.78. Stock is up 125% over the past year. Major Estimate Revision • May 14
Consensus EPS estimates increase to €0.44 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from €1.11b to €1.12b. EPS estimate increased from €0.35 to €0.44 per share. Net income forecast to shrink 253% next year vs 23% growth forecast for Leisure industry in France . Consensus price target up from €13.11 to €14.07. Share price rose 9.3% to €12.22 over the past week. Price Target Changed • May 14
Price target increased to €14.65 Up from €13.65, the current price target is an average from 4 analysts. New target price is 20% above last closing price of €12.22. Stock is up 110% over the past year. Is New 90 Day High Low • Mar 01
New 90-day high: €12.76 The company is up 44% from its price of €8.88 on 01 December 2020. The French market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 35% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.53 per share.