ENXTPA:FCMC

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Société Fermière du Casino Municipal de Cannes

Executive Summary

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


Snowflake Analysis

Excellent balance sheet and fair value.

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

2.9%

FCMC

1.3%

FR Hospitality

-0.6%

FR Market


1 Year Return

-33.1%

FCMC

-36.2%

FR Hospitality

-7.9%

FR Market

Return vs Industry: FCMC exceeded the French Hospitality industry which returned -36.2% over the past year.

Return vs Market: FCMC underperformed the French Market which returned -7.9% over the past year.


Shareholder returns

FCMCIndustryMarket
7 Day2.9%1.3%-0.6%
30 Day-0.9%2.6%4.6%
90 Day-14.4%9.9%1.2%
1 Year-33.1%-33.1%-35.0%-36.2%-5.9%-7.9%
3 Year-24.9%-27.7%-40.6%-44.7%4.8%-4.2%
5 Year-2.6%-6.2%-26.1%-34.1%30.2%12.3%

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?

13.12x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FCMC (€1070) is trading above our estimate of fair value (€371.25)

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 (13.1x) compared to the FR Hospitality industry average (14.7x).

PE vs Market: FCMC is good value based on its PE Ratio (13.1x) compared to the French market (18.3x).


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 (0.7x) compared to the FR Hospitality industry average (1x).


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?

62.3%

Forecasted Consumer Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Société Fermière du Casino Municipal de Cannes has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

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

8.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FCMC has high quality earnings.

Growing Profit Margin: FCMC's current net profit margins (11.3%) are lower than last year (16.8%).


Past Earnings Growth Analysis

Earnings Trend: FCMC's earnings have grown by 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 (-32.1%) over the past year, making it difficult to compare to the Hospitality industry average (-4.7%).


Return on Equity

High ROE: FCMC's Return on Equity (5.3%) is considered low.


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 (€55.1M) exceed its short term liabilities (€40.6M).

Long Term Liabilities: FCMC's short term assets (€55.1M) do not cover its long term liabilities (€71.0M).


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 7.2% to 0.3% over the past 5 years.

Debt Coverage: FCMC's debt is well covered by operating cash flow (2491.4%).

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


Balance Sheet


Next Steps

Dividend

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

3.93%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FCMC's dividend (3.93%) is higher than the bottom 25% of dividend payers in the French market (1.55%).

High Dividend: FCMC's dividend (3.93%) is low compared to the top 25% of dividend payers in the French market (5.17%).


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 (51.5%), 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

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

11.3yrs

Average board tenure


CEO

Alain Fabre

12.75yrs

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 ($USD0.00) is below average for companies of similar size in the French market ($USD510.64K).

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


Board Members

NamePositionTenureCompensationOwnership
Alain Fabre
CEO & Director12.75yrs€271.85kno data
Pierre-Louis Renou
MD & Director17.75yrs€329.22kno data
Michel Derbesse
Independent Director15.75yrs€18.00kno data
Marc de Lacharrière
Director8.75yrsno datano data
Dominique Desseigne
Chairman of the Board of Directors23.75yrs€232.72kno data
Alain Pinna
Director11.75yrs€98.23kno data
Philippe Rodriguez
Director11.75yrs€106.41kno data
Christine Deloy
Director6.58yrsno datano data
Laure du Manoir
Director6.58yrsno datano data
Béatrice Gagnaire
Director6.58yrs€84.84kno data
Jean Lamothe
Director10.75yrsno datano data
Marie-Liesse Sautereau
Director2.75yrsno datano data

11.3yrs

Average Tenure

Experienced Board: FCMC's board of directors are seasoned and experienced ( 11.3 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

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: €187.445m
  • 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
0O2ULSE (London Stock Exchange)YesOrdinary SharesGBEURJan 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 three hotels under the Hôtel Barrière Le Majestic and the Hôtel Barrière Le Gray d’Albion names; a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/25 21:17
End of Day Share Price2020/10/22 00:00
Earnings2019/10/31
Annual Earnings2019/10/31


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.