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NACO

NaconENXTPA:NACON Stock Report

Market Cap

€406.4m

7D

-0.7%

1Y

-28.1%

Updated

24 Sep, 2021

Data

Company Financials +
NACON fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance1/6
Financial Health5/6
Dividends0/6

NACON Overview

Nacon S.A. designs and distributes gaming accessories in France and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Nacon
Historical stock prices
Current Share Price€4.73
52 Week High€4.53
52 Week Low€8.50
Beta0
1 Month Change-8.69%
3 Month Change-18.45%
1 Year Change-28.12%
3 Year Changen/a
5 Year Changen/a
Change since IPO-17.31%

Recent News & Updates

Shareholder Returns

NACONFR Consumer DurablesFR Market
7D-0.7%-0.9%0.03%
1Y-28.1%4.0%39.2%

Return vs Industry: NACON underperformed the French Consumer Durables industry which returned 5.2% over the past year.

Return vs Market: NACON underperformed the French Market which returned 40.1% over the past year.

Price Volatility

Is NACON's price volatile compared to industry and market?
NACON volatility
NACON Beta0
Industry Beta0.85
Market Beta1

Stable Share Price: NACON is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: NACON's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2019618Alain Falchttps://www.nacongaming.com

Nacon S.A. designs and distributes gaming accessories in France and internationally. The company offers accessories, including headsets, microphones, controllers, racing wheels, gaming chairs, keyboards, mice, mats, audio accessories, and console accessories. It also develops and publishes video games in various categories, such as action-adventure, racing, sport, and simulation.

Nacon Fundamentals Summary

How do Nacon's earnings and revenue compare to its market cap?
NACON fundamental statistics
Market Cap€406.41m
Earnings (TTM)€18.30m
Revenue (TTM)€177.83m

22.2x

P/E Ratio

2.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NACON income statement (TTM)
Revenue€177.83m
Cost of Revenue€84.95m
Gross Profit€92.88m
Expenses€74.59m
Earnings€18.30m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

Nov 29, 2021

Earnings per share (EPS)0.21
Gross Margin52.23%
Net Profit Margin10.29%
Debt/Equity Ratio26.0%

How did NACON perform over the long term?

See historical performance and comparison

Valuation

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

40.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NACON (€4.73) is trading below our estimate of fair value (€7.93)

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


Price To Earnings Ratio

PE vs Industry: NACON is poor value based on its PE Ratio (22.2x) compared to the French Consumer Durables industry average (16.5x).

PE vs Market: NACON is poor value based on its PE Ratio (22.2x) compared to the French market (21.1x).


Price to Earnings Growth Ratio

PEG Ratio: NACON is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: NACON is good value based on its PB Ratio (1.9x) compared to the FR Consumer Durables industry average (2.7x).


Future Growth

How is Nacon forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

23.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NACON's forecast earnings growth (23.4% per year) is above the savings rate (0.4%).

Earnings vs Market: NACON's earnings (23.4% per year) are forecast to grow faster than the French market (11.7% per year).

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

Revenue vs Market: NACON's revenue (12% per year) is forecast to grow faster than the French market (6.3% per year).

High Growth Revenue: NACON's revenue (12% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NACON's Return on Equity is forecast to be low in 3 years time (15.1%).


Past Performance

How has Nacon performed over the past 5 years?

19.6%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: NACON has high quality earnings.

Growing Profit Margin: NACON's current net profit margins (10.3%) are lower than last year (11.8%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if NACON's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare NACON's past year earnings growth to its 5-year average.

Earnings vs Industry: NACON earnings growth over the past year (19.6%) underperformed the Consumer Durables industry 34.3%.


Return on Equity

High ROE: NACON's Return on Equity (8.7%) is considered low.


Financial Health

How is Nacon's financial position?


Financial Position Analysis

Short Term Liabilities: NACON's short term assets (€184.0M) exceed its short term liabilities (€66.0M).

Long Term Liabilities: NACON's short term assets (€184.0M) exceed its long term liabilities (€41.0M).


Debt to Equity History and Analysis

Debt Level: NACON's debt to equity ratio (26%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if NACON's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: NACON's debt is well covered by operating cash flow (101.6%).

Interest Coverage: NACON's interest payments on its debt are well covered by EBIT (32.8x coverage).


Balance Sheet


Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if NACON'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 NACON'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?

1.7yrs

Average board tenure


CEO

Alain Falc (61 yo)

1.67yrs

Tenure

€759,000

Compensation

Mr. Alain Falc serves as Chairman and Chief Executive Officer of Nacon S.A. since January 22, 2020. He served as the Chief Executive Officer of BigBen Interactive since July 2012. Mr. Falc serves as Chief...


CEO Compensation Analysis

Compensation vs Market: Alain's total compensation ($USD888.76K) is above average for companies of similar size in the French market ($USD501.32K).

Compensation vs Earnings: Alain's compensation has increased by more than 20% in the past year.


Board Members

Experienced Board: NACON's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


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

Nacon S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Nacon S.A.
  • Ticker: NACON
  • Exchange: ENXTPA
  • Founded: 2019
  • Industry: Consumer Electronics
  • Sector: Consumer Durables
  • Market Cap: €406.413m
  • Shares outstanding: 85.92m
  • Website: https://www.nacongaming.com

Number of Employees


Location

  • Nacon S.A.
  • 396/466, Rue de la Voyette
  • CRT 2
  • Fretin
  • Nord-Pas-de-Calais
  • 59273
  • France

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 23:03
End of Day Share Price2021/09/24 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.