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Le Tanneur & Cie

ENXTPA:LTAN
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LTAN
ENXTPA
€24M
Market Cap
  1. Home
  2. FR
  3. Consumer Durables
Company description

Le Tanneur & Cie designs, manufactures, distributes, and franchises leather goods. The last earnings update was 210 days ago. More info.


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LTAN Share Price and Events
7 Day Returns
0%
ENXTPA:LTAN
1.8%
FR Luxury
1.2%
FR Market
1 Year Returns
0%
ENXTPA:LTAN
19.5%
FR Luxury
3.3%
FR Market
LTAN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Le Tanneur & Cie (LTAN) 0% -3.8% - 0% -20.3% -70.8%
FR Luxury 1.8% 8.9% 25% 19.5% 110.6% 142.6%
FR Market 1.2% 5.8% 14.6% 3.3% 29.7% 33.4%
1 Year Return vs Industry and Market
  • LTAN underperformed the Luxury industry which returned 19.5% over the past year.
  • LTAN underperformed the Market in France which returned 3.3% over the past year.
Price Volatility
LTAN
Industry
5yr Volatility vs Market

LTAN Value

 Is Le Tanneur & Cie 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 Le Tanneur & Cie 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 Le Tanneur & Cie.

ENXTPA:LTAN 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 6.5%
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:LTAN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.729 (1 + (1- 33%) (15.28%))
0.869
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (0.869 * 6.65%)
6.51%

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

The calculations below outline how an intrinsic value for Le Tanneur & Cie 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:LTAN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.51%)
2019 0.44 Est @ 0.02% 0.41
2020 0.44 Est @ 0.23% 0.38
2021 0.44 Est @ 0.38% 0.36
2022 0.44 Est @ 0.49% 0.34
2023 0.44 Est @ 0.56% 0.32
2024 0.45 Est @ 0.61% 0.31
2025 0.45 Est @ 0.65% 0.29
2026 0.45 Est @ 0.67% 0.27
2027 0.45 Est @ 0.69% 0.26
2028 0.46 Est @ 0.7% 0.24
Present value of next 10 years cash flows €3.19
ENXTPA:LTAN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €0.46 × (1 + 0.73%) ÷ (6.51% – 0.73%)
€7.99
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €7.99 ÷ (1 + 6.51%)10
€4.25
ENXTPA:LTAN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €3.19 + €4.25
€7.44
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €7.44 / 12.14
€0.61
ENXTPA:LTAN Discount to Share Price
Calculation Result
Value per share (EUR) From above. €0.61
Current discount Discount to share price of €2.00
= -1 x (€2.00 - €0.61) / €0.61
-226.4%

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

  • The current share price of Le Tanneur & Cie 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 Le Tanneur & Cie's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Le Tanneur & Cie's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:LTAN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in EUR €-0.19
ENXTPA:LTAN Share Price ** ENXTPA (2019-04-18) in EUR €2
France Luxury Industry PE Ratio Median Figure of 9 Publicly-Listed Luxury Companies 25.94x
France Market PE Ratio Median Figure of 418 Publicly-Listed Companies 16.23x

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

** Primary Listing of Le Tanneur & Cie.

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

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

= 2 ÷ -0.19

-10.61x

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

  • Le Tanneur & Cie is loss making, we can't compare its value to the FR Luxury industry average.
  • Le Tanneur & Cie is loss making, we can't compare the value of its earnings to the France market.
Price based on expected Growth
Does Le Tanneur & Cie's expected growth come at a high price?
Raw Data
ENXTPA:LTAN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -10.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
France Luxury Industry PEG Ratio Median Figure of 6 Publicly-Listed Luxury Companies 2.16x
France Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.52x

*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 Le Tanneur & Cie, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Le Tanneur & Cie's assets?
Raw Data
ENXTPA:LTAN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in EUR €1.28
ENXTPA:LTAN Share Price * ENXTPA (2019-04-18) in EUR €2
France Luxury Industry PB Ratio Median Figure of 14 Publicly-Listed Luxury Companies 1.66x
France Market PB Ratio Median Figure of 617 Publicly-Listed Companies 1.49x
ENXTPA:LTAN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2 ÷ 1.28

1.57x

* Primary Listing of Le Tanneur & Cie.

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

  • Le Tanneur & Cie is good value based on assets compared to the FR Luxury industry average.
X
Value checks
We assess Le Tanneur & Cie'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 Luxury 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 Luxury industry average (and greater than 0)? (1 check)
  5. Le Tanneur & Cie has a total score of 1/6, 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.

LTAN Future Performance

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

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 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
11.4%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Le Tanneur & Cie expected to grow at an attractive rate?
  • Unable to compare Le Tanneur & Cie's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Le Tanneur & Cie's earnings growth to the France market average as no estimate data is available.
  • Unable to compare Le Tanneur & Cie's revenue growth to the France market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ENXTPA:LTAN Future Growth Rates Data Sources
Data Point Source Value (per year)
France Luxury Industry Earnings Growth Rate Market Cap Weighted Average 11.4%
France Luxury Industry Revenue Growth Rate Market Cap Weighted Average 7.6%
France Market Earnings Growth Rate Market Cap Weighted Average 13.4%
France Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:LTAN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 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:LTAN Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-06-30 57 2 -2
2018-03-31 56 0 -2
2017-12-31 56 -2 -2
2017-09-30 55 -1 -2
2017-06-30 54 -1 -2
2017-03-31 54 -1 -1
2016-12-31 54 0 -1
2016-09-30 54 1 -1
2016-06-30 55 1 0
2016-03-31 56 4 0
2015-12-31 57 6 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Le Tanneur & Cie is high growth as no earnings estimate data is available.
  • Unable to determine if Le Tanneur & Cie 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:LTAN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Le Tanneur & Cie Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:LTAN Past Financials Data
Date (Data in EUR Millions) EPS *
2018-06-30 -0.19
2018-03-31 -0.23
2017-12-31 -0.29
2017-09-30 -0.33
2017-06-30 -0.40
2017-03-31 -0.33
2016-12-31 -0.26
2016-09-30 -0.18
2016-06-30 -0.11
2016-03-31 -0.09
2015-12-31 -0.07

*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 Le Tanneur & Cie will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Le Tanneur & Cie's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Le Tanneur & Cie's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  3. Le Tanneur & Cie's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Le Tanneur & Cie'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 France 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.
Le Tanneur & Cie has a total score of 0/6, 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.

LTAN Past Performance

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

  • Le Tanneur & Cie's last earnings update was 210 days ago.
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 Le Tanneur & Cie's growth in the last year to its industry (Luxury).
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.
  • Le Tanneur & Cie does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Le Tanneur & Cie's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Le Tanneur & Cie's 1-year growth to the FR Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Le Tanneur & Cie'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 Le Tanneur & Cie Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:LTAN Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 57.10 -1.93 22.18
2018-03-31 56.50 -1.88 22.02
2017-12-31 55.89 -1.82 21.85
2017-09-30 54.83 -1.77 21.58
2017-06-30 53.76 -1.72 21.31
2017-03-31 53.76 -1.41 21.43
2016-12-31 53.77 -1.10 21.55
2016-09-30 54.15 -0.78 21.87
2016-06-30 54.54 -0.45 22.19
2016-03-31 55.63 -0.38 22.22
2015-12-31 56.71 -0.31 22.25
2015-06-30 56.35 -0.30 23.21
2015-03-31 56.13 -1.08 23.69
2014-12-31 55.92 -1.86 24.18
2014-06-30 58.14 -2.90 26.30
2014-03-31 58.70 -2.30 26.02
2013-12-31 59.25 -1.70 25.73
2013-06-30 62.15 -1.59 26.07
2013-03-31 63.40 -1.46 26.22
2012-12-31 64.65 -1.33 26.38
2012-06-30 65.25 -0.96 23.90

*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.
  • It is difficult to establish if Le Tanneur & Cie has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Le Tanneur & Cie has efficiently used its assets last year compared to the FR Luxury industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Le Tanneur & Cie improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Le Tanneur & Cie'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 Luxury 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.
Le Tanneur & Cie has a total score of 0/6, 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.

LTAN Health

 How is Le Tanneur & Cie'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 Le Tanneur & Cie's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Le Tanneur & Cie is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Le Tanneur & Cie's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Le Tanneur & Cie'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 6.4x 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 Le Tanneur & Cie Company Filings, last reported 9 months ago.

ENXTPA:LTAN Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 15.49 3.71 1.25
2018-03-31 15.49 3.71 1.25
2017-12-31 17.52 3.91 4.26
2017-09-30 17.52 3.91 4.26
2017-06-30 3.37 18.86 1.69
2017-03-31 3.37 18.86 1.69
2016-12-31 5.50 14.45 3.45
2016-09-30 5.50 14.45 3.45
2016-06-30 5.01 17.60 1.72
2016-03-31 5.01 17.60 1.72
2015-12-31 6.66 13.10 2.60
2015-06-30 5.45 18.32 2.48
2015-03-31 5.45 18.32 2.48
2014-12-31 7.12 18.92 3.71
2014-06-30 6.68 15.96 0.95
2014-03-31 6.68 15.96 0.95
2013-12-31 9.61 15.19 4.21
2013-06-30 9.45 12.75 1.11
2013-03-31 9.45 12.75 1.11
2012-12-31 11.12 15.87 3.68
2012-06-30 9.98 10.94 2.05
  • Le Tanneur & Cie's level of debt (24%) 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 (135.2% vs 24% today).
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.

  • Whilst loss making Le Tanneur & Cie has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Le Tanneur & Cie has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 38.3% per year.
X
Financial health checks
We assess Le Tanneur & Cie'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. Le Tanneur & Cie 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.

LTAN Dividends

 What is Le Tanneur & Cie'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 Le Tanneur & Cie dividends.
If you bought €2,000 of Le Tanneur & Cie 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 Le Tanneur & Cie's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Le Tanneur & Cie'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:LTAN 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
France Luxury Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 1.6%
France Market Average Dividend Yield Market Cap Weighted Average of 324 Stocks 2.9%
France Minimum Threshold Dividend Yield 10th Percentile 0.9%
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:LTAN Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2009-04-24 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 Le Tanneur & Cie has not reported any payouts.
  • Unable to verify if Le Tanneur & Cie's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Le Tanneur & Cie's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Le Tanneur & Cie 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 Le Tanneur & Cie's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Le Tanneur & Cie afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Le Tanneur & Cie 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.

LTAN Management

 What is the CEO of Le Tanneur & Cie'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
Jean Clenet
COMPENSATION €270,301
AGE 61
TENURE AS CEO 7.3 years
CEO Bio

Mr. Jean Clenet served as Deputy Managing Director at Le Tanneur et Cie since 2004 and has been its Chief Executive Officer since 2012. Mr. Clenet worked as an engineer in the Total group and at the Electronic Centre of Laval, Jean CLENET joined the group La Fourmi where he occupied successively the posts of a Logistics Director, General Secretary, Industrial and Logistics Director, and later as Managing Director. He joined LE TANNEUR & CIE in January 2001 as Industrial and Logistics Director. Mr. Clenet Graduated from Ecole Supérieure d'Electricité and ICG Pays de Loire (Corporate Management).

CEO Compensation
  • Jean's compensation has increased whilst company is loss making.
  • Jean's remuneration is higher than average for companies of similar size in France.
Management Team

Jean Clenet

TITLE
Chief Executive Officer
COMPENSATION
€270K
AGE
61
TENURE
7.3 yrs

Patricia Moulon

TITLE
CFO & Director
COMPENSATION
€92K
AGE
45

Djamila Gaïd

TITLE
Human Resources Director
AGE
48
TENURE
13.3 yrs
Board of Directors

Mohamed Dobashi

TITLE
Chairman

Hervé Descottes

TITLE
Honorary Chairman
AGE
71

Patricia Moulon

TITLE
CFO & Director
COMPENSATION
€92K
AGE
45

Suzanne Stahlie

TITLE
Director
COMPENSATION
€126K

Faleh Al-Nasr

TITLE
Director

Reza Ali

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

LTAN News

Simply Wall St News

Want To Invest In Le Tanneur & Cie (EPA:LTAN)? Here's How It Performed Lately

Understanding Le Tanneur & Cie's (EPA:LTAN) performance as a company requires examining more than earnings from one point in time. … Today I will take you through a basic sense check to gain perspective on how Le Tanneur & Cie is doing by evaluating its latest earnings with its longer term trend as well as its industry peers' performance over the same period. … LTAN is loss-making, with the most recent trailing twelve-month earnings of -€2m (from 30 June 2018), which compared to last year has become.

Simply Wall St -

Is Le Tanneur & Cie's (EPA:LTAN) Balance Sheet A Threat To Its Future?

Investors are always looking for growth in small-cap stocks like Le Tanneur & Cie (EPA:LTAN), with a market cap of €25.75m. … However, an important fact which most ignore is: how financially healthy is the business? … Given that LTAN is not presently profitable,

Simply Wall St -

Why You Need To Look At This Factor Before Buying Le Tanneur & Cie (EPA:LTAN)

LTAN’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … A market capitalisation of €24.28M puts LTAN in the category of small-cap stocks, which tends to possess higher beta than larger companies. … This outcome contradicts LTAN’s current beta value which indicates a below-average volatility.

Simply Wall St -

When Will Loss-Maker Le Tanneur & Cie (EPA:LTAN) Need More Cash?

Looking at Le Tanneur & Cie’s latest financial data, I will gauge when the company may run out of cash and need to raise more money. … The measure of how fast Le Tanneur & Cie goes through its cash reserves over time is called the cash burn rate. … In Le Tanneur & Cie’s case, its opex fell by 5.56% last year, which may signal the company moving towards a more sustainable level of expenses.

Simply Wall St -

Who Are The Major Shareholders Of Le Tanneur & Cie (EPA:LTAN)?

In this article, I'm going to take a look at Le Tanneur & Cie’s (ENXTPA:LTAN) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Private Company Ownership Potential investors in LTAN should also look at another important group of investors: private companies, with a stake of 33.29%, who are primarily invested because of strategic and capital gain interests.

Simply Wall St -

Are Le Tanneur & Cie's (EPA:LTAN) Interest Costs Too High?

How does LTAN’s operating cash flow stack up against its debt? … Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: LTAN’s high debt levels is not met with high cash flow coverage.

Simply Wall St -

LTAN Company Info

Description

Le Tanneur & Cie designs, manufactures, distributes, and franchises leather goods. The company offers money purses, billfolds, bags, briefcases, and other small and large leather goods under the Le Tanneur and Soco brand names. It also operates approximately 50 Le Tanneur stores worldwide. The company was founded in 1895 and is headquartered in Paris, France.

Details
Name: Le Tanneur & Cie
LTAN
Exchange: ENXTPA
Founded: 1895
€24,288,384
12,144,192
Website: http://www.letanneuretcie.com
Address: Le Tanneur & Cie
128 quai de Jemmapes,
Paris,
Ile-de-France, 75010,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA LTAN Ordinary Shares Euronext Paris FR EUR 25. Apr 2000
LSE 0J4N Ordinary Shares London Stock Exchange GB EUR 25. Apr 2000
Number of employees
Current staff
Staff numbers
549
Le Tanneur & Cie employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 20:49
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2018/09/25
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.