ENXTPA:LBON

Stock Analysis Report

Executive Summary

Compagnie Lebon engages in the real estate, hospitality, and capital investment businesses in France.


Snowflake Analysis

Established dividend payer and fair value.

Share Price & News

How has Compagnie Lebon's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-0.4%

LBON

-1.1%

FR Capital Markets

-0.4%

FR Market


1 Year Return

-2.7%

LBON

6.3%

FR Capital Markets

16.2%

FR Market

Return vs Industry: LBON underperformed the French Capital Markets industry which returned 6.2% over the past year.

Return vs Market: LBON underperformed the French Market which returned 17.1% over the past year.


Shareholder returns

LBONIndustryMarket
7 Day-0.4%-1.1%-0.4%
30 Day-1.2%6.9%0.5%
90 Day1.2%9.2%3.9%
1 Year-0.9%-2.7%20.3%6.3%20.2%16.2%
3 Year20.4%-20.1%23.5%-1.7%43.4%29.8%
5 Year57.8%-1.1%27.0%-10.8%54.5%32.7%

Price Volatility Vs. Market

How volatile is Compagnie Lebon's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Compagnie Lebon undervalued compared to its fair value and its price relative to the market?

41.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LBON (€125.5) is trading below our estimate of fair value (€212.76)

Significantly Below Fair Value: LBON is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: LBON is poor value based on its PE Ratio (26.1x) compared to the Capital Markets industry average (25.8x).

PE vs Market: LBON is poor value based on its PE Ratio (26.1x) compared to the French market (18.7x).


Price to Earnings Growth Ratio

PEG Ratio: LBON is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: LBON is good value based on its PB Ratio (0.9x) compared to the FR Capital Markets industry average (1.2x).


Next Steps

Future Growth

How is Compagnie Lebon forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

15.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LBON's forecast earnings growth (15.8% per year) is above the savings rate (-0.1%).

Earnings vs Market: LBON's earnings (15.8% per year) are forecast to grow faster than the French market (13% per year).

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

Revenue vs Market: LBON's revenue (13% per year) is forecast to grow faster than the French market (4.6% per year).

High Growth Revenue: LBON's revenue (13% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LBON's Return on Equity is forecast to be low in 3 years time (4.1%).


Next Steps

Past Performance

How has Compagnie Lebon performed over the past 5 years?

-5.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LBON has a large one-off gain of €19.5M impacting its June 30 2019 financial results.

Growing Profit Margin: LBON's current net profit margins (10.1%) are lower than last year (21.8%).


Past Earnings Growth Analysis

Earnings Trend: LBON's earnings have declined by -5.7% per year over the past 5 years.

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

Earnings vs Industry: LBON had negative earnings growth (-54.4%) over the past year, making it difficult to compare to the Capital Markets industry average (-1.4%).


Return on Equity

High ROE: LBON's Return on Equity (4.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Compagnie Lebon's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

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

Debt Coverage by Assets: LBON's debt is not covered by short term assets (assets are 0.7x debt).


Financial Institutions Analysis

Asset Level: LBON's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if LBON has a sufficient allowance for bad loans.

Low Risk Liabilities: LBON reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if LBON has an acceptable proportion of non-loan assets held.

Low Risk Deposits: LBON has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if LBON has an appropriate level of bad loans.


Next Steps

Dividend

What is Compagnie Lebon's current dividend yield, its reliability and sustainability?

1.99%

Current Dividend Yield


Dividend Yield vs Market

company2.0%marketbottom25%1.5%markettop25%4.5%industryaverage5.4%forecastin3Years2.4%

Current dividend yield vs market & industry

Notable Dividend: LBON's dividend (1.99%) is higher than the bottom 25% of dividend payers in the French market (1.53%).

High Dividend: LBON's dividend (1.99%) is low compared to the top 25% of dividend payers in the French market (4.5%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52%), LBON's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LBON's dividends in 3 years are forecast to be well covered by earnings (47.9% payout ratio).


Next Steps

Management

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

0.3yrs

Average management tenure


CEO

Philippe Depoux (58yo)

2.4yrs

Tenure

€514,443

Compensation

Mr. Philippe Depoux is Chief Executive Officer at Compagnie Lebon since September 4, 2017. He served as the Chief Executive Officer of Gecina SA since June 3, 2013 until January 6, 2017. Mr. Depoux is also ...


CEO Compensation Analysis

Compensation vs Market: Philippe's total compensation ($USD555.19K) is above average for companies of similar size in the French market ($USD402.00K).

Compensation vs Earnings: Insufficient data to compare Philippe's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Philippe Depoux
Chief Executive Officer2.4yrs€514.44kno data
François Quesnel
Administrative and Financial Director0yrsno datano data
Nicolas Pieprz
Chief Accountant0yrsno datano data
Pierre Mailler
Technical Manager0.3yrsno datano data
Séverine Quoniam
Director for Legal Affairs0.3yrsno datano data
Frederique Dumousset
Head of Financial Communication0yrsno datano data
Anne Verchere
Marketing Officer0.3yrsno datano data
Catherine Vallot
Human Resources Director0yrsno datano data
Gerard Magat
Managing Director0.3yrsno datano data
Xavier Dupain
Deputy Chief Executive Officer of Esprit de France0yrsno datano data

0.3yrs

Average Tenure

Experienced Management: LBON's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Jean-Marie Paluel-Marmont
Non-Voting Director0yrs€3.95kno data
Roger Paluel-Marmont
Honorary Chairman0yrsno datano data
Christian Maugey
Director1.1yrs€6.29kno data
Bertrand Leclercq
Chairman of the Board2.3yrs€10.05k0.00096% 1.4k
Augustin Paluel-Marmont
Director1.1yrs€8.37kno data
Pascal Paluel-Marmont
Director9.7yrs€6.56k0.22% 321.3k
Hugo d'Auerstaedt
Independent Director5.7yrs€9.85k0.00088% 1.3k
Jean-Emmanuel Enaud De Morhery
Director19.2yrs€6.21kno data
Nelly Froger
Independent Director15.7yrs€6.29kno data
Constance Benito
Vice-Chairwoman3.7yrs€7.35kno data

4.7yrs

Average Tenure

47.5yo

Average Age

Experienced Board: LBON's board of directors are considered experienced (4.7 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

Compagnie Lebon's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Compagnie Lebon
  • Ticker: LBON
  • Exchange: ENXTPA
  • Founded: 1847
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: €146.172m
  • Shares outstanding: 1.14m
  • Website: https://www.compagnielebon.fr

Number of Employees


Location

  • Compagnie Lebon
  • 24 Murillo Street
  • Paris
  • Ile-de-France
  • 75008
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LBONENXTPA (Euronext Paris)YesShare CapitalFREURJan 1992
0OR0LSE (London Stock Exchange)YesShare CapitalGBEURJan 1992
LBONPBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBEURJan 1992

Biography

Compagnie Lebon engages in the real estate, hospitality, and capital investment businesses in France. The company develops and manages real estate assets, such as offices, houses, stores, and industrial and commercial properties; and owns and operates nine boutique hotels in Paris and a five-star hotel in Aix-en-Provence under the ESPRIT DE FRANCE brand, as well as manages Allevard spa center. It is also involved in the management of investment funds in the venture capital sector and leveraged buyouts; and investment in funds in French or foreign firms, or new business start-ups. The company was founded in 1847 and is based in Paris, France. Compagnie Lebon is a subsidiary of France Participations Sa. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 20:51
End of Day Share Price2020/02/20 00:00
Earnings2019/06/30
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.