Reported Earnings • Jul 05
First half 2026 earnings released First half 2026 results: Revenue: €240.4m (up 3.0% from 1H 2025). Net income: €7.20m (down 43% from 1H 2025). Profit margin: 3.0% (down from 5.4% in 1H 2025). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Hospitality industry in France. Announcement • Jun 30
Groupe Partouche SA to Report Q4, 2026 Results on Dec 08, 2026 Groupe Partouche SA announced that they will report Q4, 2026 results After-Market on Dec 08, 2026 Upcoming Dividend • May 20
Upcoming dividend of €1.25 per share Eligible shareholders must have bought the stock before 27 May 2026. Payment date: 29 May 2026. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 6.9%. Within top quartile of French dividend payers (5.5%). Higher than average of industry peers (4.6%). New Risk • Feb 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Feb 14
Groupe Partouche SA, Annual General Meeting, Mar 25, 2026 Groupe Partouche SA, Annual General Meeting, Mar 25, 2026. Location: salons hoche 9 avenue hoche, paris France Announcement • Feb 12
Groupe Partouche SA announces Annual dividend, payable on July 31, 2026 Groupe Partouche SA announced Annual dividend of EUR 1.2500 per share payable on July 31, 2026, ex-date on July 29, 2026 and record date on July 30, 2026. New Risk • Feb 01
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 73% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (73% net debt to equity). Large one-off items impacting financial results. Reported Earnings • Jan 29
Full year 2025 earnings released Full year 2025 results: Revenue: €460.2m (up 6.0% from FY 2024). Net income: €51.1m (up €50.0m from FY 2024). Profit margin: 11% (up from 0.3% in FY 2024). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Hospitality industry in France. New Risk • Jan 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended April 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported April 2025 fiscal period end). Large one-off items impacting financial results. Announcement • Sep 10
Groupe Partouche SA to Report Fiscal Year 2025 Results on Jan 27, 2026 Groupe Partouche SA announced that they will report fiscal year 2025 results After-Market on Jan 27, 2026 Reported Earnings • Jun 25
First half 2025 earnings released First half 2025 results: Revenue: €233.3m (up 5.7% from 1H 2024). Net income: €12.6m (up 146% from 1H 2024). Profit margin: 5.4% (up from 2.3% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Hospitality industry in France. Upcoming Dividend • Jun 19
Upcoming dividend of €0.32 per share Eligible shareholders must have bought the stock before 26 June 2025. Payment date: 30 June 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.7%. Lower than top quartile of French dividend payers (5.4%). Lower than average of industry peers (4.2%). Announcement • Jun 10
Groupe Partouche SA to Report Q3, 2025 Results on Sep 09, 2025 Groupe Partouche SA announced that they will report Q3, 2025 results After-Market on Sep 09, 2025 Announcement • Mar 12
Groupe Partouche Sa Proposes Distribution for the Year 2024 Groupe Partouche SA announced that during the General Assembly Meeting addressing the 2024 financial statements which will be held on 26 March at 10 a.m., shareholders will be able to vote on the distribution of a dividend of €3,080,650.88 (i.e. €0.32 per share). This dividend will be paid no later than 31 July 2025. Announcement • Feb 13
Groupe Partouche SA, Annual General Meeting, Mar 26, 2025 Groupe Partouche SA, Annual General Meeting, Mar 26, 2025. Location: salons hoche 9 avenue hoche, paris France New Risk • Jan 30
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Reported Earnings • Jan 30
Full year 2024 earnings released Full year 2024 results: Revenue: €434.3m (up 2.5% from FY 2023). Net income: €1.10m (down 94% from FY 2023). Profit margin: 0.3% (down from 4.5% in FY 2023). New Risk • Jan 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended April 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported April 2024 fiscal period end). Profit margins are more than 30% lower than last year (1.7% net profit margin). Announcement • Dec 11
Groupe Partouche SA to Report Fiscal Year 2024 Results on Jan 28, 2025 Groupe Partouche SA announced that they will report fiscal year 2024 results After-Market on Jan 28, 2025 Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €21.80, the stock trades at a trailing P/E ratio of 28.7x. Average forward P/E is 16x in the Hospitality industry in France. Total returns to shareholders of 8.5% over the past three years. Reported Earnings • Jun 27
First half 2024 earnings released First half 2024 results: Revenue: €220.6m (up 2.3% from 1H 2023). Net income: €5.10m (down 70% from 1H 2023). Profit margin: 2.3% (down from 7.8% in 1H 2023). The decrease in margin was driven by higher expenses. Price Target Changed • Jun 27
Price target decreased by 12% to €30.80 Down from €34.90, the current price target is provided by 1 analyst. New target price is 61% above last closing price of €19.10. Stock is down 14% over the past year. The company is forecast to post earnings per share of €1.15 for next year compared to €1.97 last year. Upcoming Dividend • May 07
Upcoming dividend of €0.32 per share Eligible shareholders must have bought the stock before 14 May 2024. Payment date: 16 May 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of French dividend payers (5.3%). Lower than average of industry peers (3.6%). Declared Dividend • Apr 18
Dividend of €0.32 announced Dividend of €0.32 is the same as last year. Ex-date: 14th May 2024 Payment date: 16th May 2024 Dividend yield will be 1.6%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (27% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Announcement • Mar 13
Groupe Partouche Sa Proposes Dividend, Payable No Later Than July 31, 2024 Groupe Partouche SA announced that during the General Meeting to be held on 20th March, shareholders will be able to vote on the distribution of a dividend in the amount of €3,080,650.88 (i.e. €0.32 per share). Payment of this dividend will be made no later than July 31, 2024. Announcement • Jan 31
Groupe Partouche SA, Annual General Meeting, Mar 20, 2024 Groupe Partouche SA, Annual General Meeting, Mar 20, 2024. Reported Earnings • Jan 31
Full year 2023 earnings released Full year 2023 results: Revenue: €423.8m (up 9.0% from FY 2022). Net income: €18.9m (down 45% from FY 2022). Profit margin: 4.5% (down from 8.8% in FY 2022). The decrease in margin was driven by higher expenses. Announcement • Sep 13
Groupe Partouche SA to Report Fiscal Year 2023 Results on Jan 30, 2024 Groupe Partouche SA announced that they will report fiscal year 2023 results at 5:40 PM, Central European Standard Time on Jan 30, 2024 Reported Earnings • Jun 29
First half 2023 earnings released First half 2023 results: Revenue: €215.6m (up 15% from 1H 2022). Net income: €16.7m (down 31% from 1H 2022). Profit margin: 7.7% (down from 13% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. New Risk • Jun 29
New major risk - Revenue and earnings growth Earnings have declined by 0.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.3% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.4% net profit margin). Announcement • Jun 28
Groupe Partouche SA to Report Q3, 2023 Results on Sep 12, 2023 Groupe Partouche SA announced that they will report Q3, 2023 results After-Market on Sep 12, 2023 Upcoming Dividend • May 16
Inaugural dividend of €0.32 per share Eligible shareholders must have bought the stock before 23 May 2023. Payment date: 25 May 2023. This is the first dividend for Groupe Partouche since going public. The average dividend yield among industry peers is 2.7%. Reported Earnings • Jan 25
Full year 2022 earnings released Full year 2022 results: Revenue: €388.8m (up 52% from FY 2021). Net income: €34.2m (up €86.1m from FY 2021). Profit margin: 8.8% (up from net loss in FY 2021). Announcement • Jan 25
Groupe Partouche SA, Annual General Meeting, Mar 22, 2023 Groupe Partouche SA, Annual General Meeting, Mar 22, 2023. Announcement • Dec 14
Groupe Partouche SA to Report Fiscal Year 2022 Results on Jan 24, 2023 Groupe Partouche SA announced that they will report fiscal year 2022 results at 5:40 PM, Central European Standard Time on Jan 24, 2023 Reported Earnings • Jun 29
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up €81.6m from 1H 2021). Profit margin: (up from net loss in 1H 2021). Reported Earnings • Jan 27
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: €255.7m (down 26% from FY 2020). Net loss: €51.9m (loss widened 198% from FY 2020). Revenue missed analyst estimates by 1.9%. Reported Earnings • Jul 02
First half 2021 earnings released The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: €47.2m (down 74% from 1H 2020). Net loss: €81.6m (loss widened €76.3m from 1H 2020). Reported Earnings • Feb 24
Full year 2020 earnings released: €1.81 loss per share (vs €1.94 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €343.5m (down 21% from FY 2019). Net loss: €17.4m (down 193% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 89% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 22
New 90-day high: €21.60 The company is up 3.0% from its price of €21.00 on 24 November 2020. The French market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 6.0% over the same period. Reported Earnings • Jan 30
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €343.5m (down 21% from FY 2019). Net loss: €11.3m (down 161% from profit in FY 2019). Is New 90 Day High Low • Nov 16
New 90-day high: €22.40 The company is up 14% from its price of €19.65 on 18 August 2020. The French market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 11% over the same period. Is New 90 Day High Low • Oct 15
New 90-day low: €18.00 The company is down 9.0% from its price of €19.85 on 17 July 2020. The French market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 2.0% over the same period.