ENXTPA:RBO

Stock Analysis Report

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Market Cap

€300.1m

Last Updated

2021/07/31 19:20 UTC

Data Sources

Company Financials +

Executive Summary

Roche Bobois S.A. engages in the furniture design and distribution business worldwide. More Details


Snowflake Analysis

Reasonable growth potential with acceptable track record.

Share Price & News

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


Latest Share Price and Events

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

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


Market Performance


7 Day Return

12.6%

RBO

-0.4%

FR Consumer Durables

0.5%

FR Market


1 Year Return

102.7%

RBO

11.5%

FR Consumer Durables

40.0%

FR Market

Return vs Industry: RBO exceeded the French Consumer Durables industry which returned 11.5% over the past year.

Return vs Market: RBO exceeded the French Market which returned 40% over the past year.


Shareholder returns

RBOIndustryMarket
7 Day12.6%-0.4%0.5%
30 Day25.1%-7.0%1.7%
90 Day29.9%-7.1%5.6%
1 Year107.9%102.7%13.2%11.5%43.5%40.0%
3 Year36.5%31.0%2.8%-2.5%34.2%23.0%
5 Yearn/a37.4%26.2%88.1%60.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

35.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RBO (€30.4) is trading below our estimate of fair value (€46.98)

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


Price To Earnings Ratio

PE vs Industry: RBO is poor value based on its PE Ratio (30.1x) compared to the French Consumer Durables industry average (17.3x).

PE vs Market: RBO is poor value based on its PE Ratio (30.1x) compared to the French market (22x).


Price to Earnings Growth Ratio

PEG Ratio: RBO is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: RBO is overvalued based on its PB Ratio (4.6x) compared to the FR Consumer Durables industry average (2.7x).


Future Growth

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

16.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RBO's forecast earnings growth (16.9% per year) is above the savings rate (0.4%).

Earnings vs Market: RBO's earnings (16.9% per year) are forecast to grow faster than the French market (15.3% per year).

High Growth Earnings: RBO's earnings are forecast to grow, but not significantly.

Revenue vs Market: RBO's revenue (7.5% per year) is forecast to grow faster than the French market (6.6% per year).

High Growth Revenue: RBO's revenue (7.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RBO's Return on Equity is forecast to be high in 3 years time (21.9%)


Past Performance

How has Roche Bobois performed over the past 5 years?

-3.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RBO has high quality earnings.

Growing Profit Margin: RBO's current net profit margins (3.7%) are higher than last year (3.4%).


Past Earnings Growth Analysis

Earnings Trend: RBO's earnings have declined by 3.8% per year over the past 5 years.

Accelerating Growth: RBO's earnings growth over the past year (7.5%) exceeds its 5-year average (-3.8% per year).

Earnings vs Industry: RBO earnings growth over the past year (7.5%) underperformed the Consumer Durables industry 19.6%.


Return on Equity

High ROE: RBO's Return on Equity (15.2%) is considered low.


Financial Health

How is Roche Bobois's financial position?


Financial Position Analysis

Short Term Liabilities: RBO's short term assets (€165.0M) do not cover its short term liabilities (€172.3M).

Long Term Liabilities: RBO's short term assets (€165.0M) exceed its long term liabilities (€117.4M).


Debt to Equity History and Analysis

Debt Level: RBO's debt to equity ratio (72.6%) is considered high.

Reducing Debt: RBO's debt to equity ratio has increased from 44.1% to 72.6% over the past 5 years.

Debt Coverage: RBO's debt is well covered by operating cash flow (124.7%).

Interest Coverage: RBO's interest payments on its debt are well covered by EBIT (6x coverage).


Balance Sheet


Dividend

What is Roche Bobois's current dividend yield, its reliability and sustainability?

1.64%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: RBO's dividend (1.64%) is higher than the bottom 25% of dividend payers in the French market (1.29%).

High Dividend: RBO's dividend (1.64%) is low compared to the top 25% of dividend payers in the French market (3.87%).


Stability and Growth of Payments

Stable Dividend: RBO has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: RBO's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (49.5%), RBO's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: RBO's dividends in 3 years are forecast to be well covered by earnings (34.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average board tenure


CEO

Eric Amourdedieu (50 yo)

no data

Tenure

€338,797

Compensation

Mr. Eric Amourdedieu serves as General Manager and Member of the Executive Board at Roche Bobois S.A. Mr. Amourdedieu is the General Manager of the Group at Roche Boibois Group SA. He is the CEO and Direc...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Eric's total compensation is reasonable compared to companies of similar size in the French market.

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


Board Members

Experienced Board: RBO's board of directors are considered experienced (3 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

Roche Bobois S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Roche Bobois S.A.
  • Ticker: RBO
  • Exchange: ENXTPA
  • Founded: 1960
  • Industry: Home Furnishings
  • Sector: Consumer Durables
  • Market Cap: €300.147m
  • Shares outstanding: 9.87m
  • Website: https://www.roche-bobois.com

Number of Employees


Location

  • Roche Bobois S.A.
  • 18 rue de Lyon
  • Paris
  • Ile-de-France
  • 75012
  • France

Listings


Biography

Roche Bobois S.A. engages in the furniture design and distribution business worldwide. It provides living room products, such as sofas and sofa beds, coffee tables, armchairs, wall arrangements, cocktail t...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/31 19:20
End of Day Share Price2021/07/30 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.