ENXTPA:FCMC

Stock Analysis Report

Société Fermière du Casino Municipal de Cannes

Executive Summary

Société Fermière du Casino Municipal de Cannes operates casinos and hotels in France.

Snowflake

Fundamentals

Adequate balance sheet second-rate dividend payer.

Share Price & News

How has Société Fermière du Casino Municipal de Cannes's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

FCMC

-0.4%

FR Hospitality

0.2%

FR Market


1 Year Return

12.2%

FCMC

5.7%

FR Hospitality

15.6%

FR Market

Return vs Industry: FCMC exceeded the French Hospitality industry which returned 5.7% over the past year.

Return vs Market: FCMC underperformed the French Market which returned 15.6% over the past year.


Shareholder returns

FCMCIndustryMarket
7 Day0%-0.4%0.2%
30 Day-3.5%5.5%3.4%
90 Dayn/a4.4%9.9%
1 Year16.6%12.2%8.6%5.7%19.5%15.6%
3 Year42.9%37.5%16.3%6.6%50.2%35.9%
5 Year34.4%28.8%35.5%14.1%71.4%47.3%

Price Volatility Vs. Market

How volatile is Société Fermière du Casino Municipal de Cannes's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Société Fermière du Casino Municipal de Cannes undervalued compared to its fair value and its price relative to the market?

18.67x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FCMC (€1650) is trading above our estimate of fair value (€706.89)

Significantly Below Fair Value: FCMC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FCMC is good value based on its PE Ratio (18.7x) compared to the Hospitality industry average (26.7x).

PE vs Market: FCMC is poor value based on its PE Ratio (18.7x) compared to the French market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FCMC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FCMC is good value based on its PB Ratio (1.1x) compared to the FR Hospitality industry average (1.5x).


Next Steps

Future Growth

How is Société Fermière du Casino Municipal de Cannes forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-4.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FCMC's earnings are forecast to decline over the next 3 years (-4.8% per year).

Earnings vs Market: FCMC's earnings are forecast to decline over the next 3 years (-4.8% per year).

High Growth Earnings: FCMC's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if FCMC's revenue is forecast to grow faster than the French market.

High Growth Revenue: Insufficient data to determine if FCMC's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FCMC's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Société Fermière du Casino Municipal de Cannes performed over the past 5 years?

15.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FCMC has high quality earnings.

Growing Profit Margin: FCMC's current net profit margins (12.2%) are lower than last year (16.2%).


Past Earnings Growth Analysis

Earnings Trend: FCMC's earnings have grown by 15.8% per year over the past 5 years.

Accelerating Growth: FCMC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FCMC had negative earnings growth (-19.9%) over the past year, making it difficult to compare to the Hospitality industry average (-11.8%).


Return on Equity

High ROE: FCMC's Return on Equity (6.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Société Fermière du Casino Municipal de Cannes's financial position?


Financial Position Analysis

Short Term Liabilities: FCMC's short term assets (€51.3M) do not cover its short term liabilities (€54.3M)

Long Term Liabilities: FCMC's short term assets (51.3M) do not cover its long term liabilities (68.4M)


Debt to Equity History and Analysis

Debt Level: FCMC's debt to equity ratio (0.3%) is considered satisfactory

Reducing Debt: FCMC's debt to equity ratio has reduced from 16.5% to 0.3% over the past 5 years.

Debt Coverage: FCMC's debt is well covered by operating cash flow (2662.7%).

Interest Coverage: FCMC earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: FCMC's debt is covered by short term assets (assets are 60.5x debt).


Next Steps

Dividend

What is Société Fermière du Casino Municipal de Cannes's current dividend yield, its reliability and sustainability?

3.64%

Current Dividend Yield


Dividend Yield vs Market

company3.6%marketbottom25%1.5%markettop25%4.6%industryaverage2.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: FCMC's dividend (3.64%) is higher than the bottom 25% of dividend payers in the French market (1.5%).

High Dividend: FCMC's dividend (3.64%) is low compared to the top 25% of dividend payers in the French market (4.56%).


Stability and Growth of Payments

Stable Dividend: FCMC's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (67.9%), FCMC's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Société Fermière du Casino Municipal de Cannes's salary, the management and board of directors tenure and is there insider trading?

11.3yrs

Average management tenure


CEO

Alain Fabre 0

11.8yrs

Tenure

€271,854

Compensation

Mr. Alain Fabre has been the Chief Executive Officer of Société Fermière du Casino Municipal de Cannes since 2008. Mr. Fabre serves as President at Société Casinotière du Littoral Cannois. He served as Chi ...


CEO Compensation Analysis

Compensation vs Market: Alain's total compensation ($USD300.32K) is below average for companies of similar size in the French market ($USD449.20K).

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


Management Age and Tenure

11.3yrs

Average Tenure

Experienced Management: FCMC's management team is seasoned and experienced (11.3 years average tenure).


Board Age and Tenure

10.8yrs

Average Tenure

Experienced Board: FCMC's board of directors are seasoned and experienced ( 10.8 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

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Alain Fabre

    CEO & Director

    • Tenure: 11.8yrs
    • Compensation: €271.85k
  • Alain Boivert

    Chief Financial and Administrative Officer

    • Tenure: 0yrs
  • Pierre-Louis Renou

    MD & Director

    • Tenure: 16.8yrs
    • Compensation: €329.22k
  • Alain Pinna

    Director of Table Games & Director

    • Tenure: 10.8yrs
    • Compensation: €98.23k
  • Philippe Rodriguez

    Director of Slot Machines & Director

    • Tenure: 10.8yrs
    • Compensation: €106.41k

Board Members

  • Michel Derbesse (84yo)

    Director

    • Tenure: 14.8yrs
    • Compensation: €18.00k
  • Marc de Lacharrière (79yo)

    Director

    • Tenure: 7.8yrs
  • Dominique Desseigne

    Chairman of the Board of Directors

    • Tenure: 22.8yrs
    • Compensation: €232.72k
  • Alain Fabre

    CEO & Director

    • Tenure: 11.8yrs
    • Compensation: €271.85k
  • Pierre-Louis Renou

    MD & Director

    • Tenure: 16.8yrs
    • Compensation: €329.22k
  • Alain Pinna

    Director of Table Games & Director

    • Tenure: 10.8yrs
    • Compensation: €98.23k
  • Philippe Rodriguez

    Director of Slot Machines & Director

    • Tenure: 10.8yrs
    • Compensation: €106.41k
  • Christine Deloy

    Director

    • Tenure: 5.7yrs
  • Laure du Manoir

    Director

    • Tenure: 5.7yrs
  • Béatrice Gagnaire

    Director

    • Tenure: 5.7yrs
    • Compensation: €84.84k

Company Information

Société Fermière du Casino Municipal de Cannes's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Société Fermière du Casino Municipal de Cannes
  • Ticker: FCMC
  • Exchange: ENXTPA
  • Founded: 1919
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: €289.050m
  • Shares outstanding: 175.18k
  • Website: https://www.groupesfcmc.com

Number of Employees


Location

  • Société Fermière du Casino Municipal de Cannes
  • 1 espace Lucien Barrière
  • Cannes
  • Provence-Alpes-Côte d'Azur
  • 6400
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FCMCENXTPA (Euronext Paris)YesOrdinary SharesFREURJan 1992
FCMCPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992

Biography

Société Fermière du Casino Municipal de Cannes operates casinos and hotels in France. The company operates two hotels under the Hôtel Barrière Le Majestic and the Hôtel Barrière Le Gray d’Albion names; and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/15 20:50
End of Day Share Price2019/11/15 00:00
Earnings2019/04/30
Annual Earnings2018/10/31


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.