ENXTPA:ALVDM

Stock Analysis Report

Executive Summary

Voyageurs du Monde SA provides travel services in France and internationally.

Snowflake

Fundamentals

Solid track record with excellent balance sheet and pays a dividend.

Share Price & News

How has Voyageurs du Monde's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.5%

ALVDM

0.6%

FR Hospitality

2.1%

FR Market


1 Year Return

-15.7%

ALVDM

1.9%

FR Hospitality

10.2%

FR Market

Return vs Industry: ALVDM underperformed the French Hospitality industry which returned 1.9% over the past year.

Return vs Market: ALVDM underperformed the French Market which returned 10.2% over the past year.


Shareholder returns

ALVDMIndustryMarket
7 Day1.5%0.6%2.1%
30 Day-6.3%-2.2%-0.7%
90 Day1.0%-3.8%-0.7%
1 Year-13.8%-15.7%4.7%1.9%14.1%10.2%
3 Year86.0%76.6%8.3%-0.8%44.6%30.6%
5 Year276.6%240.5%39.8%17.3%76.5%50.1%

Price Volatility Vs. Market

How volatile is Voyageurs du Monde's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Voyageurs du Monde undervalued compared to its fair value and its price relative to the market?

6.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: ALVDM (€104.5) is trading below our estimate of fair value (€112.14)

Significantly Undervalued: ALVDM is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ALVDM is good value based on its PE Ratio (18.1x) compared to the Hospitality industry average (23.6x).

PE vs Market: ALVDM is poor value based on its PE Ratio (18.1x) compared to the French market (17.2x).


Price to Earnings Growth Ratio

Low PEG Ratio: ALVDM is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: ALVDM is overvalued based on its PB Ratio (3.8x) compared to the FR Hospitality industry average (1.6x).


Next Steps

Future Growth

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

8.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALVDM's forecast earnings growth (8.4% per year) is above the savings rate (0.7%).

Earnings vs Market: ALVDM's earnings (8.4% per year) are forecast to grow slower than the French market (11.5% per year).

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

Revenue vs Market: ALVDM's revenue (3.6% per year) is forecast to grow slower than the French market (4.4% per year).

High Growth Revenue: ALVDM's revenue (3.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: ALVDM's Return on Equity is forecast to be low in 3 years time (16.8%).


Next Steps

Past Performance

How has Voyageurs du Monde performed over the past 5 years?

22.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ALVDM's earnings have grown significantly by 22.6% per year over the past 5 years.

Accelerating Growth: ALVDM's earnings growth over the past year (13.1%) is below its 5-year average (22.6% per year).

Earnings vs Industry: ALVDM earnings growth over the past year (13.1%) exceeded the Hospitality industry -13.9%.


Return on Equity

High ROE: ALVDM's Return on Equity (21.2%) is considered high.


Return on Assets

ROA vs Industry: ALVDM has a higher Return on Assets than the Hospitality industry average last year.


Return on Capital Employed

ROCE Improving: ALVDM has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Voyageurs du Monde's financial position?


Financial Position Analysis

Short Term Liabilities: ALVDM's short term assets (€238.4M) exceeds its short term liabilities (€190.5M)

Long Term Liabilities: ALVDM's short term assets (238.4M) exceeds its long term liabilities (12.2M)


Debt to Equity History and Analysis

Debt Level: ALVDM's debt to equity ratio (10.8%) is considered satisfactory

Reducing Debt: ALVDM's debt to equity ratio has increased from 5.3% to 10.8% over the past 5 years.

Debt Coverage: ALVDM's debt is well covered by operating cash flow (290.3%).

Interest Coverage: ALVDM's interest payments on its debt are well covered by EBIT (201.7x coverage).


Balance Sheet

Inventory Level: ALVDM has a low level of unsold assets or inventory.

Debt Coverage by Assets: ALVDM's debt is covered by short term assets (assets are 21.548120x debt).


Next Steps

Dividend

What is Voyageurs du Monde's current dividend yield, its reliability and sustainability?

2.39%

Current Dividend Yield


Dividend Yield vs Market

company2.4%marketbottom25%1.6%markettop25%4.7%industryaverage2.9%forecastin3Years2.3%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: ALVDM's dividend (2.39%) is higher than the bottom 25% of dividend payers in the French market (1.57%).

High Dividend: ALVDM's dividend (2.39%) is low compared to the top 25% of dividend payers in the French market (4.67%).

Stable Dividend: ALVDM's dividends per share have been stable in the past 10 years.

Growing Dividend: ALVDM's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (43.4%), ALVDM's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ALVDM's dividends in 3 years are forecast to be well covered by earnings (29.4% payout ratio).


Next Steps

Management

What is the CEO of Voyageurs du Monde's salary, the management and board of directors tenure and is there insider trading?

5.3yrs

Average management tenure


CEO

Jean-François Rial 0

5.3yrs

Tenure

€237,133

Compensation

Mr. Jean-François Rial has been Chief Executive Officer of Voyageurs du Monde Société Anonyme since June 13, 2014. and also serves as its Chairman. Mr. Rial serves as Deputy Managing Director and Director  ...


CEO Compensation Analysis

Compensation vs. Market: Jean-François's total compensation ($USD0.00) is too low to compare against companies of similar size in the French market ($USD462.95K).

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


Management Age and Tenure

5.3yrs

Average Tenure

Experienced Management: ALVDM's management team is seasoned and experienced (5.3 years average tenure).


Board Age and Tenure

8.8yrs

Average Tenure

67yo

Average Age

Experienced Board: ALVDM's board of directors are considered experienced (8.8 years average tenure).


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


Management Team

  • Jean-François Rial

    Chairman and Chief Executive Officer

    • Tenure: 5.3yrs
    • Compensation: €237.13k
  • Alain Capestan

    Deputy Chief Executive Officer and Director

    • Tenure: 0yrs
    • Compensation: €247.27k
  • Lionel Habasque

    Deputy Chief Executive Officer and Director

    • Tenure: 10.3yrs
    • Compensation: €237.13k
  • Frédéric Moulin

    Deputy Chief Executive Officer and Director

    • Tenure: 5.3yrs
    • Compensation: €102.33k
  • Loïc Minvielle

    Deputy Chief Executive Officer and Director

    • Tenure: 5.3yrs
    • Compensation: €135.93k
  • Hervé Saliou

    Executive

    • Tenure: 0yrs
    • Compensation: €59.29k
  • Marc Maillet

    Executive Officer

    • Tenure: 0yrs
    • Compensation: €66.63k

Board Members

  • Pierre-Yves Poirier (48yo)

    Independent Director

    • Tenure: 9.3yrs
    • Compensation: €5.00k
  • Jean-François Rial

    Chairman and Chief Executive Officer

    • Tenure: 5.3yrs
    • Compensation: €237.13k
  • Alain Capestan

    Deputy Chief Executive Officer and Director

    • Tenure: 0yrs
    • Compensation: €247.27k
  • François Lemarchand

    Independent Director

    • Tenure: 9.3yrs
    • Compensation: €5.00k
  • Jacques Maillot (78yo)

    Independent Director

    • Tenure: 10.3yrs
    • Compensation: €10.13k
  • Lionel Habasque

    Deputy Chief Executive Officer and Director

    • Tenure: 10.3yrs
    • Compensation: €237.13k
  • Anne Ferton (67yo)

    Independent Director

    • Tenure: 7.3yrs
    • Compensation: €10.13k
  • Gérard Alant

    Independent Director

    • Tenure: 8.3yrs
    • Compensation: €8.87k
  • Frédéric Moulin

    Deputy Chief Executive Officer and Director

    • Tenure: 5.3yrs
    • Compensation: €102.33k
  • Loïc Minvielle

    Deputy Chief Executive Officer and Director

    • Tenure: 5.3yrs
    • Compensation: €135.93k

Company Information

Voyageurs du Monde SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Voyageurs du Monde SA
  • Ticker: ALVDM
  • Exchange: ENXTPA
  • Founded:
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: €381.115m
  • Shares outstanding: 3.65m
  • Website: https://www.voyageursdumonde.fr

Number of Employees


Location

  • Voyageurs du Monde SA
  • 55 rue Sainte-Anne
  • Paris
  • Ile-de-France
  • 75002
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALVDMENXTPA (Euronext Paris)YesOrdinary SharesFREURJul 2006

Biography

Voyageurs du Monde SA provides travel services in France and internationally. It organizes individual personalized trips, honeymoons, family holidays, romantic weekend trips, world and guided tours, cruise ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 20:32
End of Day Share Price2019/10/14 00:00
Earnings2018/12/31
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.