ENXTPA:ALMII

Stock Analysis Report

Maison Internationale de l'InformatiqueS

Executive Summary

Maison Internationale de l'Informatique S.A.S.

Rewards

Trading at 56.4% below its fair value

Earnings are forecast to grow 7.39% per year

Earnings grew by 79.9% over the past year

Risk Analysis

High level of non-cash earnings

Shareholders have been diluted in the past year

Does not have a meaningful market cap (€27M)



Snowflake Analysis

Undervalued with excellent balance sheet.

Share Price & News

How has Maison Internationale de l'InformatiqueS's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-4.5%

ALMII

3.0%

FR Consumer Services

1.5%

FR Market


1 Year Return

0%

ALMII

13.8%

FR Consumer Services

24.1%

FR Market

Return vs Industry: ALMII underperformed the French Consumer Services industry which returned 12.9% over the past year.

Return vs Market: ALMII underperformed the French Market which returned 24.9% over the past year.


Shareholder returns

ALMIIIndustryMarket
7 Day-4.5%3.0%1.5%
30 Day-4.5%2.6%2.2%
90 Day0%7.8%8.7%
1 Year0%0%15.6%13.8%28.5%24.1%
3 Yearn/a5.5%-0.2%45.2%31.4%
5 Year75.0%75.0%-32.5%-49.9%65.3%41.1%

Price Volatility Vs. Market

How volatile is Maison Internationale de l'InformatiqueS's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Maison Internationale de l'InformatiqueS 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: ALMII (€5.45) is trading below our estimate of fair value (€12.51)

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


Price To Earnings Ratio

PE vs Industry: ALMII is good value based on its PE Ratio (8.3x) compared to the Consumer Services industry average (15.1x).

PE vs Market: ALMII is good value based on its PE Ratio (8.3x) compared to the French market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: ALMII is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: ALMII is good value based on its PB Ratio (1.5x) compared to the XE Consumer Services industry average (2.3x).


Next Steps

Future Growth

How is Maison Internationale de l'InformatiqueS forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

7.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALMII's forecast earnings growth (7.4% per year) is above the savings rate (-0.1%).

Earnings vs Market: ALMII's earnings (7.4% per year) are forecast to grow slower than the French market (11.7% per year).

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

Revenue vs Market: ALMII's revenue (6.7% per year) is forecast to grow faster than the French market (4.7% per year).

High Growth Revenue: ALMII's revenue (6.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ALMII's Return on Equity is forecast to be low in 3 years time (12%).


Next Steps

Past Performance

How has Maison Internationale de l'InformatiqueS performed over the past 5 years?

62.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALMII has a high level of non-cash earnings.

Growing Profit Margin: ALMII's current net profit margins (6.7%) are higher than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: ALMII's earnings have grown significantly by 62.7% per year over the past 5 years.

Accelerating Growth: ALMII's earnings growth over the past year (79.9%) exceeds its 5-year average (62.7% per year).

Earnings vs Industry: ALMII earnings growth over the past year (79.9%) exceeded the Consumer Services industry 47.8%.


Return on Equity

High ROE: ALMII's Return on Equity (17.8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Maison Internationale de l'InformatiqueS's financial position?


Financial Position Analysis

Short Term Liabilities: ALMII's short term assets (€21.7M) exceed its short term liabilities (€15.1M).

Long Term Liabilities: ALMII's short term assets (€21.7M) exceed its long term liabilities (€8.9M).


Debt to Equity History and Analysis

Debt Level: ALMII's debt to equity ratio (1.4%) is considered satisfactory.

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

Debt Coverage: ALMII's debt is well covered by operating cash flow (634.3%).

Interest Coverage: ALMII's interest payments on its debt are well covered by EBIT (113.1x coverage).


Balance Sheet

Inventory Level: ALMII has a high level of physical assets or inventory.

Debt Coverage by Assets: ALMII's debt is covered by short term assets (assets are 85.3x debt).


Next Steps

Dividend

What is Maison Internationale de l'InformatiqueS's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%4.4%industryaverage2.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate ALMII's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ALMII's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ALMII'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 ALMII's dividend in 3 years as they are not forecast to pay a notable one for the French market.


Next Steps

Management

What is the CEO of Maison Internationale de l'InformatiqueS's salary, the management and board of directors tenure and is there insider trading?


CEO

Georges Seban (90yo)

0yrs

Tenure

0

Mr. Georges Seban is the Founder of Prologue S.A. and serves as its Chairman and Chief Executive Officer. Mr. Seban serves as Chief Executive officer of Logabax and Chief executive officer of Bull Micral.  ...


Insider Trading

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 been diluted in the past year, with total shares outstanding growing by 24.1%.


Management Team

  • Georges Seban (90yo)

    Chairman & CEO


    Board Members

    • Georges Seban (90yo)

      Chairman & CEO

      • Jaime Guevara (63yo)

        Director

        • Olivier Balva (49yo)

          Director

          Company Information

          Maison Internationale de l'Informatique S.A.S.'s company bio, employee growth, exchange listings and data sources


          Key Information

          • Name: Maison Internationale de l'Informatique S.A.S.
          • Ticker: ALMII
          • Exchange: ENXTPA
          • Founded:
          • Industry: Education Services
          • Sector: Consumer Services
          • Market Cap: €25.969m
          • Shares outstanding: 4.95m
          • Website: https://www.m2iformation.fr

          Number of Employees


          Location

          • Maison Internationale de l'Informatique S.A.S.
          • 146-148 rue de Picpus
          • Paris
          • Ile-de-France
          • 75012
          • France

          Listings

          TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
          ALMIIENXTPA (Euronext Paris)YesOrdinary SharesFREURJul 2009
          MLMIIENXTPA (Euronext Paris)EUR0.1 (POST SUBDIVISION)FREURJul 2017

          Biography

          Maison Internationale de l'Informatique S.A.S. provides professional training services in the fields of IT, office automation, management, and multimedia. It offers technical computer training; user office training; DTP, 3D, sound, and video and multimedia training; management training; and diploma courses. The company is based in Paris, France. Maison Internationale de l'Informatique S.A.S. is a subsidiary of O2i Société Anonyme. 


          Company Analysis and Financial Data Status

          All financial data provided by Standard & Poor's Capital IQ.
          DataLast Updated (UTC time)
          Company Analysis2020/01/19 21:11
          End of Day Share Price2020/01/17 00:00
          Earnings2019/06/30
          Annual Earnings2018/12/31


          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.