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Lafuma

ENXTPA:LAF
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LAF
ENXTPA
€137M
Market Cap
  1. Home
  2. FR
  3. Consumer Durables
Company description

Lafuma SA manufactures and sells clothing and accessories to support slow travel on outdoor and urban terrain in France. The last earnings update was 95 days ago. More info.


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LAF Share Price and Events
7 Day Returns
-2%
ENXTPA:LAF
-3.8%
FR Leisure
-0.2%
FR Market
1 Year Returns
-16.1%
ENXTPA:LAF
-24%
FR Leisure
2.8%
FR Market
LAF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lafuma (LAF) -2% -3% -8.1% -16.1% 1.6% -3%
FR Leisure -3.8% -1.4% -12.3% -24% 24.8% -9.7%
FR Market -0.2% 0.6% -0.2% 2.8% 33.2% 37.7%
1 Year Return vs Industry and Market
  • LAF outperformed the Leisure industry which returned -24% over the past year.
  • LAF underperformed the Market in France which returned 2.8% over the past year.
Price Volatility
LAF
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Lafuma 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 Lafuma 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 Lafuma.

ENXTPA:LAF 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 7.2%
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:LAF
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 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.962 (1 + (1- 33%) (0.16%))
0.975
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (0.975 * 6.65%)
7.22%

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

The calculations below outline how an intrinsic value for Lafuma 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:LAF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.22%)
2020 0.16 Est @ -90.5% 0.15
2021 0.06 Est @ -63.13% 0.05
2022 0.03 Est @ -43.97% 0.03
2023 0.02 Est @ -30.56% 0.02
2024 0.02 Est @ -21.17% 0.01
2025 0.02 Est @ -14.6% 0.01
2026 0.01 Est @ -10% 0.01
2027 0.01 Est @ -6.78% 0.01
2028 0.01 Est @ -4.53% 0.01
2029 0.01 Est @ -2.95% 0.01
Present value of next 10 years cash flows €0.30
ENXTPA:LAF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €0.01 × (1 + 0.73%) ÷ (7.22% – 0.73%)
€0.19
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €0.19 ÷ (1 + 7.22%)10
€0.10
ENXTPA:LAF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €0.30 + €0.10
€0.40
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €0.40 / 7.10
€0.06
ENXTPA:LAF Discount to Share Price
Calculation Result
Value per share (EUR) From above. €0.06
Current discount Discount to share price of €19.30
= -1 x (€19.30 - €0.06) / €0.06
-34283.3%

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

  • The current share price of Lafuma 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 Lafuma's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lafuma's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:LAF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.85
ENXTPA:LAF Share Price ** ENXTPA (2019-07-22) in EUR €19.3
France Leisure Industry PE Ratio Median Figure of 6 Publicly-Listed Leisure Companies 19.7x
France Market PE Ratio Median Figure of 415 Publicly-Listed Companies 17.64x

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

** Primary Listing of Lafuma.

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

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

= 19.3 ÷ 0.85

22.81x

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

  • Lafuma is overvalued based on earnings compared to the FR Leisure industry average.
  • Lafuma is overvalued based on earnings compared to the France market.
Price based on expected Growth
Does Lafuma's expected growth come at a high price?
Raw Data
ENXTPA:LAF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
11.5%per year
Europe Leisure Industry PEG Ratio Median Figure of 12 Publicly-Listed Leisure Companies 1.42x
France Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.55x

*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 Lafuma, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Lafuma's assets?
Raw Data
ENXTPA:LAF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €10.77
ENXTPA:LAF Share Price * ENXTPA (2019-07-22) in EUR €19.3
France Leisure Industry PB Ratio Median Figure of 8 Publicly-Listed Leisure Companies 1.68x
France Market PB Ratio Median Figure of 614 Publicly-Listed Companies 1.47x
ENXTPA:LAF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 19.3 ÷ 10.77

1.79x

* Primary Listing of Lafuma.

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

  • Lafuma is overvalued based on assets compared to the FR Leisure industry average.
X
Value checks
We assess Lafuma'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. Lafuma has a total score of 0/6, 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.

Future Performance

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

  • No analysts cover Lafuma, 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
11.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lafuma expected to grow at an attractive rate?
  • Lafuma's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Lafuma's earnings growth is positive but not above the France market average.
  • Unable to compare Lafuma's revenue growth to the France market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ENXTPA:LAF Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:LAF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 11.5%
France Leisure Industry Earnings Growth Rate Market Cap Weighted Average 18.3%
Europe Leisure Industry Revenue Growth Rate Market Cap Weighted Average 6.7%
France Market Earnings Growth Rate Market Cap Weighted Average 12.7%
France Market Revenue Growth Rate Market Cap Weighted Average 5%

*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:LAF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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:LAF Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 170 6 6
2018-09-30 166 3 5
2018-06-30 162 0 4
2018-03-31 161 6 4
2017-12-31 161 12 5
2017-09-30 162 13 4
2017-06-30 163 14 3
2017-03-31 165 10 1
2016-12-31 167 5 -1
2016-09-30 168 2 1
2016-06-30 168 -1 3
2016-03-31 166 -2 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lafuma's earnings are expected to grow by 11.5% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Lafuma 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:LAF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Lafuma Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:LAF Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.85
2018-09-30 0.67
2018-06-30 0.50
2018-03-31 0.63
2017-12-31 0.76
2017-09-30 0.58
2017-06-30 0.39
2017-03-31 0.11
2016-12-31 -0.17
2016-09-30 0.12
2016-06-30 0.40
2016-03-31 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 Lafuma will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Lafuma'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.
Lafuma has a total score of 1/6, 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.

Past Performance

  How has Lafuma 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 Lafuma'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.
  • Lafuma has delivered over 20% year on year earnings growth in the past 5 years.
  • Lafuma's 1-year earnings growth is less than its 5-year average (10.7% vs 69%)
  • Lafuma's earnings growth has exceeded the FR Leisure industry average in the past year (10.7% vs 6.6%).
Earnings and Revenue History
Lafuma'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 Lafuma Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:LAF Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 169.84 6.01 56.85
2018-09-30 166.05 4.78 56.31
2018-06-30 162.25 3.56 55.77
2018-03-31 161.39 4.49 55.27
2017-12-31 160.54 5.43 54.77
2017-09-30 161.71 4.09 56.25
2017-06-30 162.88 2.76 57.74
2017-03-31 164.99 0.79 58.50
2016-12-31 167.09 -1.18 59.26
2016-09-30 167.74 0.85 57.94
2016-06-30 168.39 2.88 56.62
2016-03-31 165.63 2.69 56.15
2015-12-31 162.87 2.49 55.68
2015-09-30 164.84 2.59 56.90
2015-06-30 166.81 2.69 58.13
2015-03-31 169.48 2.49 57.49
2014-12-31 172.16 2.28 56.86
2013-12-31 165.50 -26.50 60.61
2013-09-30 193.62 -66.69 64.27
2013-06-30 199.32 -70.01 65.32
2013-03-31 205.02 -73.34 66.37
2012-12-31 214.78 -43.87 66.06
2012-09-30 224.54 -14.40 65.76

*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.
  • Lafuma has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Lafuma used its assets less efficiently than the FR Leisure industry average last year based on Return on Assets.
  • Lafuma has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Lafuma'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.
Lafuma 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.

Health

 How is Lafuma'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 Lafuma's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lafuma is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Lafuma's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Lafuma'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 467.4x 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 Lafuma Company Filings, last reported 6 months ago.

ENXTPA:LAF Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 76.02 0.21 17.23
2018-09-30 76.02 0.21 17.23
2018-06-30 70.47 0.12 16.32
2018-03-31 70.47 0.12 16.32
2017-12-31 66.23 0.03 15.39
2017-09-30 66.23 0.03 15.39
2017-06-30 66.01 1.48 22.35
2017-03-31 66.01 1.48 22.35
2016-12-31 66.38 1.20 8.43
2016-09-30 66.38 1.20 8.43
2016-06-30 65.58 0.95 11.19
2016-03-31 65.58 0.95 11.19
2015-12-31 66.53 4.42 9.77
2015-09-30 66.53 4.42 9.77
2015-06-30 64.63 0.55 15.31
2015-03-31 64.63 0.55 15.31
2014-12-31 63.76 3.14 15.21
2013-12-31 49.43 21.52 33.84
2013-09-30 21.81 42.04 10.18
2013-06-30 21.81 42.04 10.18
2013-03-31 34.03 46.58 10.32
2012-12-31 34.03 46.58 10.32
2012-09-30 94.95 46.53 13.89
  • Lafuma's level of debt (0.3%) 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 (43.4% vs 0.3% today).
  • Debt is well covered by operating cash flow (2905.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 212x coverage).
X
Financial health checks
We assess Lafuma'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. Lafuma 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.

Dividends

 What is Lafuma'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
0%
Current annual income from Lafuma dividends.
If you bought €2,000 of Lafuma shares you are expected to receive €0 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?
  • Unable to evaluate Lafuma's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Lafuma's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:LAF 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 16 Stocks 2.9%
France Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3%
France Minimum Threshold Dividend Yield 10th Percentile 1%
France Bottom 25% Dividend Yield 25th Percentile 1.6%
France Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

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

ENXTPA:LAF Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2009-06-05 0.000 0.000
2009-06-02 0.000 0.000
2008-12-12 0.000 0.000
2008-12-01 0.000 0.000

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

  • Unable to perform a dividend volatility check as Lafuma has not reported any payouts.
  • Unable to verify if Lafuma's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Lafuma's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Lafuma has not reported any payouts.
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 Lafuma'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 Lafuma afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lafuma has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Lafuma'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
Reiner Pichler
COMPENSATION €120,000
AGE 57
TENURE AS CEO 3.3 years
CEO Bio

Mr. Reiner Pichler has been the Chief Executive Officer and President of Lafuma SA since April 1, 2016. Mr. Pichler has been Chief Executive Officer of Calida Holding AG since April 1, 2016 and serves as its Member of Management Board. He has been Chief Executive Officer at The Calida Group since April 1, 2016. Mr. Pichler is a proven expert with huge experience and a first class track record in the international clothing industry. He began his career at Hugo Boss AG, where he rose to become a member of the Sales Executive in Germany. From 1991 to 1994, he served as Managing Director of Sales for the D/A/CH region at Gruppo Finanziario Tessile, Turin/Germany (brands including Giorgio Armani and Valentino). He then took over as Chief Executive Officer of the Holy Fashion Group, which operates in more than fifty countries and manages the Strellson, Joop! and Windsor brands. It also held the license for Tommy Hilfiger Tailored for Europe until 2012. He served as Chief Executive Officer of s.Oliver Bernd Freier GmbH & Co. KG since 2014 and served as its Managing Director.

CEO Compensation
  • Reiner's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Reiner's remuneration is lower than average for companies of similar size in France.
Management Team Tenure

Average tenure and age of the Lafuma management team in years:

11.7
Average Tenure
55.5
Average Age
  • The average tenure for the Lafuma management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Reiner Pichler

TITLE
Chief Executive Officer and President
COMPENSATION
€120K
AGE
57
TENURE
3.3 yrs

Didier Ricaud

TITLE
Director Adjoint of OBER and Member of Management Board
AGE
54
TENURE
13.8 yrs

Eric Cailleaux

TITLE
Sales Manager of Outdoor and Member of Management Board
AGE
58

Ludovic Couillaud

TITLE
Director of Management Control & the Information System and Member of Management Board
AGE
48

Denis Nevoret

TITLE
Group Financial and Administrative Director
AGE
65
TENURE
26.5 yrs

Y. Legal

TITLE
Head of Development Material and Shoe

Roman Millet

TITLE
General Manager of Country Market Le Chameau
AGE
40
TENURE
9.5 yrs
Board of Directors Tenure

Average tenure and age of the Lafuma board of directors in years:

8.9
Average Tenure
50
Average Age
  • The tenure for the Lafuma board of directors is about average.
Board of Directors

Félix Sulzberger

TITLE
Chairman
COMPENSATION
€30K
AGE
68
TENURE
6.3 yrs

Jean-Pierre Millet

TITLE
Director
COMPENSATION
€12K
TENURE
12.5 yrs

Caroline Barbery-Mebrouk

TITLE
Independent Director
COMPENSATION
€12K
TENURE
10.4 yrs

Isabelle Ginestet-Naudin

TITLE
Director
COMPENSATION
€9K
TENURE
7.3 yrs

Thomas Stöcklin

TITLE
Director
AGE
49

Daniel Gemperle

TITLE
Director
AGE
60

Philippe Bernaud

TITLE
Director
AGE
50

Manuela Ottiger

TITLE
Director
AGE
48
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Lafuma'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. Lafuma 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.

News

Simply Wall St News

A Closer Look At Lafuma SA's (EPA:LAF) Uninspiring ROE

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows Lafuma has a return on equity of 5.0% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Who Owns Most Of Lafuma SA (EPA:LAF)?

Today, I will be analyzing Lafuma SA’s (EPA:LAF) recent ownership structure, an important but not-so-popular subject among individual investors. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … Therefore, it is beneficial for us to examine LAF's ownership structure in more detail.

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Lafuma SA (EPA:LAF): A Look At Return On Capital

and looking to gauge the potential return on investment in Lafuma SA (EPA:LAF). … Your return is tied to LAF’s ability to do this because the amount earned is used to invest in opportunities to grow the business or payout dividends, which are the two sources of return on investment. … Therefore, looking at how efficiently Lafuma is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

What You Must Know About Lafuma SA's (EPA:LAF) 8.22% ROE

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to better understand how you can grow your money by investing in Lafuma SA (EPA:LAF). … Lafuma SA (EPA:LAF) generated a below-average return on equity of 8.22% in the past 12 months, while its industry returned 14.30%.

Simply Wall St -

Why You Need To Look At This Factor Before Buying Lafuma SA (EPA:LAF)

The first risk to think about is company-specific, which can be diversified away by investing in other companies in order to lower your exposure to one particular stock. … A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … However, this is the opposite to what LAF’s actual beta value suggests, which is lower stock volatility relative to the market.

Simply Wall St -

Why Lafuma SA (EPA:LAF) Delivered An Inferior ROE Compared To The Industry

View our latest analysis for Lafuma Peeling the layers of ROE – trisecting a company’s profitability Return on Equity (ROE) weighs Lafuma’s profit against the level of its shareholders’ equity. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity ENXTPA:LAF Last Perf Apr 26th 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses. … Its appropriate level of leverage means investors can be more confident in the sustainability of Lafuma’s return with a possible increase should the company decide to increase its debt levels.

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Is It Time To Sell Lafuma SA (EPA:LAF) Based Off Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for LAF Price per share = €24.6 Earnings per share = €0.388 ∴ Price-Earnings Ratio = €24.6 ÷ €0.388 = 63.4x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … Since LAF's P/E of 63.4x is higher than its industry peers (22.5x), it means that investors are paying more than they should for each dollar of LAF's earnings. … For example, if you accidentally compared lower growth firms with LAF, then LAF’s P/E would naturally be higher since investors would reward LAF’s higher growth with a higher price.

Simply Wall St -

Lafuma SA's (EPA:LAF) Earnings Dropped -4.44%, Did Its Industry Show Weakness Too?

See our latest analysis for Lafuma How Did LAF's Recent Performance Stack Up Against Its Past? … I prefer to use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … Since these values may be fairly short-term thinking, I’ve created an annualized five-year value for Lafuma's earnings, which stands at -€11.49M This suggests that though earnings growth was negative from the prior year, over the long run, Lafuma's earnings have been increasing on average.

Simply Wall St -

Company Info

Description

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, shirts, headwear, and gloves; and backpacks, shoes, and sleeping bags. Its products have applications in hiking, trekking, fast hiking, camping, and travelling. Lafuma SA also offers its products online. The company was founded in 1930 and is headquartered in Annecy, France.

Details
Name: Lafuma SA
LAF
Exchange: ENXTPA
Founded: 1930
€137,075,837
7,102,375
Website: http://www.groupe-lafuma.com
Address: Lafuma SA
21, rue du Pré Faucon,
Annecy le Vieux,
Annecy,
Rhône-Alpes, 74940,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA LAF Ordinary Shares Euronext Paris FR EUR 20. May 1997
Number of employees
Current staff
Staff numbers
1,044
Lafuma employees.
Industry
Leisure Products
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 20:42
End of day share price update: 2019/07/22 00:00
Last earnings filing: 2019/04/18
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.