Groupe Partouche
Market Cap
€269.1m
Last Updated
2020/01/18 21:27 UTC
Data Sources
Company Financials
Executive Summary
Groupe Partouche SA, through its subsidiaries, operates casinos, hotels, restaurants, dancehalls, and bars in France, other European countries, and internationally.
Risk Analysis
Snowflake Analysis
Excellent balance sheet and overvalued.
Similar Companies
Share Price & News
How has Groupe Partouche's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PARP has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0%
PARP
-0.5%
FR Hospitality
1.5%
FR Market
1 Year Return
45.8%
PARP
6.2%
FR Hospitality
24.1%
FR Market
Return vs Industry: PARP exceeded the French Hospitality industry which returned 9.7% over the past year.
Return vs Market: PARP exceeded the French Market which returned 24.9% over the past year.
Shareholder returns
| PARP | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -0.5% | 1.5% |
| 30 Day | 0.7% | -2.7% | 3.1% |
| 90 Day | 20.7% | 6.0% | 8.9% |
| 1 Year | 45.8%45.8% | 9.1%6.2% | 28.5%24.1% |
| 3 Year | -27.0%-27.6% | 7.0%-1.9% | 45.2%31.4% |
| 5 Year | n/a | 18.9%1.2% | 65.3%41.1% |
Price Volatility Vs. Market
How volatile is Groupe Partouche's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Are Groupe Partouche's (EPA:PARP) Statutory Earnings A Good Guide To Its Underlying Profitability?4 weeks ago | Simply Wall St
Is Groupe Partouche SA's (EPA:PARP) High P/E Ratio A Problem For Investors?1 month ago | Simply Wall St
Did Changing Sentiment Drive Groupe Partouche's (EPA:PARP) Share Price Down By 36%?Valuation
Is Groupe Partouche undervalued compared to its fair value and its price relative to the market?
27.92x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate PARP's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate PARP's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: PARP is poor value based on its PE Ratio (27.6x) compared to the Hospitality industry average (24.9x).
PE vs Market: PARP is poor value based on its PE Ratio (27.6x) compared to the French market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PARP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PARP is good value based on its PB Ratio (0.7x) compared to the FR Hospitality industry average (1.3x).
Next Steps
Future Growth
How is Groupe Partouche forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
10.9%
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 Groupe Partouche 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
- Examine Groupe Partouche's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Groupe Partouche competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Services industry.
Past Performance
How has Groupe Partouche performed over the past 5 years?
43.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PARP has a large one-off loss of €8.1M impacting its April 30 2019 financial results.
Growing Profit Margin: PARP's current net profit margins (2.3%) are lower than last year (7.3%).
Past Earnings Growth Analysis
Earnings Trend: PARP's earnings have grown significantly by 43.6% per year over the past 5 years.
Accelerating Growth: PARP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PARP had negative earnings growth (-68.1%) over the past year, making it difficult to compare to the Hospitality industry average (-0.2%).
Return on Equity
High ROE: PARP's Return on Equity (4.1%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Groupe Partouche's financial position?
Financial Position Analysis
Short Term Liabilities: PARP's short term assets (€169.0M) do not cover its short term liabilities (€171.6M).
Long Term Liabilities: PARP's short term assets (€169.0M) exceed its long term liabilities (€160.2M).
Debt to Equity History and Analysis
Debt Level: PARP's debt to equity ratio (37.9%) is considered satisfactory.
Reducing Debt: PARP's debt to equity ratio has reduced from 78.2% to 37.9% over the past 5 years.
Debt Coverage: PARP's debt is well covered by operating cash flow (41.2%).
Interest Coverage: PARP's interest payments on its debt are well covered by EBIT (7.2x coverage).
Balance Sheet
Inventory Level: PARP has a high level of physical assets or inventory.
Debt Coverage by Assets: PARP's debt is covered by short term assets (assets are 1.2x debt).
Next Steps
Dividend
What is Groupe Partouche's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate PARP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate PARP'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 PARP's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PARP'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 PARP'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 Groupe Partouche's salary, the management and board of directors tenure and is there insider trading?
17.8yrs
Average management tenure
CEO
Fabrice Paire (50yo)
12yrs
Tenure
€428,959
Compensation
Mr. Fabrice Paire serves as the Managing Director and Company Secretary at Groupe Partouche SA since 2008 and 2005 respectively. Mr. Paire serves as Chairman of the Executive Board at Groupe Partouche SA M ...
CEO Compensation Analysis
Compensation vs Market: Fabrice's total compensation ($USD477.20K) is about average for companies of similar size in the French market ($USD414.25K).
Compensation vs Earnings: Fabrice's compensation has been consistent with company performance over the past year.
Management Age and Tenure
17.8yrs
Average Tenure
56.5yo
Average Age
Experienced Management: PARP's management team is seasoned and experienced (17.8 years average tenure).
Board Age and Tenure
5.8yrs
Average Tenure
55.5yo
Average Age
Experienced Board: PARP's board of directors are considered experienced (5.8 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
Katy Zenou (58yo)
Member of the Executive Board & GM
- Tenure: 23.6yrs
- Compensation: €233.34k
Ari Sebag (58yo)
Member of the Executive Board & GM
- Tenure: 23.6yrs
- Compensation: €411.03k
Fabrice Paire (50yo)
Chairman of the Executive Board
- Tenure: 12yrs
- Compensation: €428.96k
Jean-François Largillière (55yo)
Member of the Executive Board
- Tenure: 6.3yrs
- Compensation: €190.13k
Valérie Fort
Finance Director
Board Members
Walter Butler (63yo)
Member of Supervisory Board
- Tenure: 8.8yrs
- Compensation: €6.49k
Laurent Parquet (54yo)
Member of Supervisory Board
- Tenure: 3.3yrs
- Compensation: €19.46k
M. Partouche (55yo)
Chairman of the Supervisory Board
- Tenure: 8.8yrs
- Compensation: €544.46k
Isidore Partouche (88yo)
Vice Chairman of the Supervisory Board
- Compensation: €152.55k
Daniel Cohen (57yo)
Member of Supervisory Board
- Tenure: 8.1yrs
- Compensation: €16.22k
Véronique Forneri (56yo)
Member of the Supervisory Board
- Tenure: 5.8yrs
- Compensation: €6.49k
Salomé Partouche (30yo)
Member of Supervisory Board
- Tenure: 3.2yrs
- Compensation: €16.22k
Caroline Texier (42yo)
Member of Supervisory Board
- Tenure: 2.6yrs
- Compensation: €16.22k
Company Information
Groupe Partouche SA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Groupe Partouche SA
- Ticker: PARP
- Exchange: ENXTPA
- Founded: 1973
- Industry: Casinos and Gaming
- Sector: Consumer Services
- Market Cap: €269.109m
- Shares outstanding: 9.61m
- Website: https://www.groupepartouche.com
Number of Employees
Location
- Groupe Partouche SA
- 141 bis rue de Saussure
- Paris
- Ile-de-France
- 75017
- France
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 0R62 | LSE (London Stock Exchange) | Ordinary Shares | GB | EUR | Jun 1995 | |
| PARP | ENXTPA (Euronext Paris) | Yes | New Ordinary Shares | FR | EUR | Mar 2015 |
| PZ21 | DB (Deutsche Boerse AG) | Yes | New Ordinary Shares | DE | EUR | Mar 2015 |
| PARPP | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | New Ordinary Shares | GB | EUR | Mar 2015 |
Biography
Groupe Partouche SA, through its subsidiaries, operates casinos, hotels, restaurants, dancehalls, and bars in France, other European countries, and internationally. The company operates through three divisions: Casino, Hotel, and Other Activities. Its casinos offer table games, such as Boule; American, English, or French roulette; Casino War; Punto Banco; Blackjack, Stud Poker, and Hold’em Poker; Texas Hold’em Poker and Omaha Poker 4 high; Bingo; electronic roulette; electronic Blackjack; and electronic Texas Hold’em Poker and Bingo, as well as slot machines. The company also owns and operates diners, gourmet and themed restaurants, and health spas and golf courses; develops television (TV) programs and mobile TV gaming offerings; interactive game shows associated with an online gaming offering; markets gaming solutions and lotteries; and produces televised programs and events. In addition, it operates Quarisma, a platform for the real time management of quality services between customers and casino operators; and manages casino information systems, as well as data communication hardware and networks. Further, the company engages in real estate and sports betting activities. As of October 31, 2018, it operated 43 casinos with 5,113 slot machines installed in France and 665 machines installed internationally, as well as 900 electronic English roulette wheels installed in France and 22 wheels installed internationally; 10 hotels with approximately 410 rooms; 80 restaurants; and 5 health spas and 2 golf courses. The company was founded in 1973 and is headquartered in Paris, France. Groupe Partouche SA is a subsidiary of Financiere Partouche SA.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/18 21:27 |
| End of Day Share Price | 2020/01/17 00:00 |
| Earnings | 2019/04/30 |
| Annual Earnings | 2018/10/31 |
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.