ENXTPA:LAF

Stock Analysis Report

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Executive Summary

Lafuma SA manufactures and sells clothing and accessories to support slow travel on outdoor and urban terrain in France.


Snowflake Analysis

Excellent balance sheet and slightly overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: LAF has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.6%

LAF

-0.3%

FR Leisure

-1.7%

FR Market


1 Year Return

-21.2%

LAF

-30.4%

FR Leisure

-3.4%

FR Market

Return vs Industry: LAF exceeded the French Leisure industry which returned -31.5% over the past year.

Return vs Market: LAF underperformed the French Market which returned -7.3% over the past year.


Shareholder returns

LAFIndustryMarket
7 Day0.6%-0.3%-1.7%
30 Day-2.4%2.7%-2.6%
90 Day-5.7%13.2%8.7%
1 Year-21.2%-21.2%-29.1%-30.4%-1.4%-3.4%
3 Year-36.9%-36.9%-44.8%-47.8%7.9%-1.4%
5 Year-15.7%-15.7%-32.1%-37.0%19.8%3.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LAF (€16.4) is trading below our estimate of fair value (€250.66)

Significantly Below Fair Value: LAF is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: LAF is poor value based on its PE Ratio (51.7x) compared to the FR Leisure industry average (13.3x).

PE vs Market: LAF is poor value based on its PE Ratio (51.7x) compared to the French market (16x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: LAF is overvalued based on its PB Ratio (1.5x) compared to the FR Leisure industry average (1.2x).


Next Steps

Future Growth

How is Lafuma forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.6%

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 Lafuma 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.


Next Steps

Past Performance

How has Lafuma performed over the past 5 years?

26.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LAF has a large one-off gain of €532.0K impacting its June 30 2020 financial results.

Growing Profit Margin: LAF's current net profit margins (1.4%) are lower than last year (3.9%).


Past Earnings Growth Analysis

Earnings Trend: LAF has become profitable over the past 5 years, growing earnings by 26.8% per year.

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

Earnings vs Industry: LAF had negative earnings growth (-63.5%) over the past year, making it difficult to compare to the Leisure industry average (-0.6%).


Return on Equity

High ROE: LAF's Return on Equity (2.9%) is considered low.


Next Steps

Financial Health

How is Lafuma's financial position?


Financial Position Analysis

Short Term Liabilities: LAF's short term assets (€101.5M) exceed its short term liabilities (€48.0M).

Long Term Liabilities: LAF's short term assets (€101.5M) exceed its long term liabilities (€19.4M).


Debt to Equity History and Analysis

Debt Level: LAF's debt to equity ratio (3.3%) is considered satisfactory.

Reducing Debt: LAF's debt to equity ratio has increased from 1% to 3.3% over the past 5 years.

Debt Coverage: LAF's debt is well covered by operating cash flow (833.9%).

Interest Coverage: LAF's interest payments on its debt are well covered by EBIT (5.8x coverage).


Balance Sheet


Next Steps

Dividend

What is Lafuma current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

6.7yrs

Average board tenure


CEO

Reiner Pichler (58 yo)

4.33yrs

Tenure

€120,000

Compensation

Mr. Reiner Pichler has been the Chief Executive Officer and President of Lafuma SA since April 1, 2016 and serves as Director and chairman since April 1, 2016. Mr. Pichler has been Chief Executive Officer ...


CEO Compensation Analysis

Compensation vs Market: Reiner's total compensation ($USD0.00) is below average for companies of similar size in the French market ($USD314.68K).

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


Board Members

NamePositionTenureCompensationOwnership
Reiner Pichler
Chairman4.33yrs€120.00kno data
Daniel Gemperle
Director6.67yrsno datano data
Caroline Barbery-Mebrouk
Independent Director11.5yrs€12.06kno data
Jean-Pierre Millet
Independent Director13.58yrs€12.06kno data
Philippe Bernaud
Director7.42yrsno datano data
Manuela Ottiger
Director3.25yrsno datano data
Carine Rosiere
Director2.5yrsno datano data

6.7yrs

Average Tenure

54.5yo

Average Age

Experienced Board: LAF's board of directors are considered experienced (6.7 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

Lafuma SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Lafuma SA
  • Ticker: LAF
  • Exchange: ENXTPA
  • Founded: 1930
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: €123.581m
  • Shares outstanding: 7.10m
  • Website: https://www.groupe-lafuma.com

Number of Employees


Location

  • Lafuma SA
  • 21, rue du Pré Faucon
  • Annecy le Vieux
  • Annecy
  • Rhône-Alpes
  • 74940
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LAFENXTPA (Euronext Paris)YesOrdinary SharesFREURMay 1997
0I3LLSE (London Stock Exchange)YesOrdinary SharesGBEURMay 1997
LAFPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURMay 1997

Biography

Lafuma SA manufactures and sells clothing and accessories to support slow travel on outdoor and urban terrain in France. The company offers men and women apparel, jackets, fleeces, pants, shorts, T-shirts, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/03 21:22
End of Day Share Price2020/08/03 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.