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ALFL

Fleury MichonENXTPA:ALFLE Stock Report

Last Price

€23.00

Market Cap

€96.0m

7D

-0.9%

1Y

-11.5%

Updated

26 Jan, 2022

Data

Company Financials +
ALFLE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance1/6
Financial Health4/6
Dividends4/6

ALFLE Stock Overview

Fleury Michon SA produces and sells food products in France and internationally.

Fleury Michon Competitors

Bonduelle

ENXTPA:BON

€671.4m

Lotus Bakeries

ENXTBR:LOTB

€4.6b

Ebro Foods

BME:EBRO

€2.6b

Corbion

ENXTAM:CRBN

€2.2b

Price History & Performance

Summary of all time highs, changes and price drops for Fleury Michon
Historical stock prices
Current Share Price€23.00
52 Week High€26.00
52 Week Low€19.40
Beta0.57
1 Month Change-1.29%
3 Month Change0.44%
1 Year Change-11.54%
3 Year Change-48.55%
5 Year Change-58.97%
Change since IPO-10.51%

Recent News & Updates

Nov 16
Fleury Michon (EPA:ALFLE) Seems To Use Debt Quite Sensibly

Fleury Michon (EPA:ALFLE) Seems To Use Debt Quite Sensibly

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

May 28
Returns On Capital Signal Tricky Times Ahead For Fleury Michon (EPA:ALFLE)

Returns On Capital Signal Tricky Times Ahead For Fleury Michon (EPA:ALFLE)

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Shareholder Returns

ALFLEFR FoodFR Market
7D-0.9%-2.2%-3.7%
1Y-11.5%6.3%19.6%

Return vs Industry: ALFLE underperformed the French Food industry which returned 6.3% over the past year.

Return vs Market: ALFLE underperformed the French Market which returned 19.6% over the past year.

Price Volatility

Is ALFLE's price volatile compared to industry and market?
ALFLE volatility
ALFLE Average Weekly Movement3.0%
Food Industry Average Movement3.9%
Market Average Movement4.6%
10% most volatile stocks in FR Market9.8%
10% least volatile stocks in FR Market2.5%

Stable Share Price: ALFLE is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: ALFLE's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19053,789Billy Salhahttps://www.fleurymichon.fr

Fleury Michon SA produces and sells food products in France and internationally. It offers cold meats, ready meals, fresh surimi, chicken breast, ham and other cured meats, turkey breast, hot snack, spreads/pate, ingredients for cooking, pan-fried meat, raw ham and other cured meats, and roasted and cooked meat. The company offers its products through stores.

Fleury Michon Fundamentals Summary

How do Fleury Michon's earnings and revenue compare to its market cap?
ALFLE fundamental statistics
Market Cap€95.98m
Earnings (TTM)€2.31m
Revenue (TTM)€700.49m

41.6x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALFLE income statement (TTM)
Revenue€700.49m
Cost of Revenue€343.43m
Gross Profit€357.07m
Expenses€354.76m
Earnings€2.31m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.55
Gross Margin50.97%
Net Profit Margin0.33%
Debt/Equity Ratio145.9%

How did ALFLE perform over the long term?

See historical performance and comparison

Dividends

4.3%

Current Dividend Yield

181%

Payout Ratio

Valuation

Is Fleury Michon undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ALFLE (€23) is trading below our estimate of fair value (€84.36)

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


Price To Earnings Ratio

PE vs Industry: ALFLE is poor value based on its PE Ratio (41.6x) compared to the French Food industry average (18.3x).

PE vs Market: ALFLE is poor value based on its PE Ratio (41.6x) compared to the French market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: ALFLE is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: ALFLE is good value based on its PB Ratio (0.6x) compared to the FR Food industry average (1.1x).


Future Growth

How is Fleury Michon forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

51.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALFLE's forecast earnings growth (51.8% per year) is above the savings rate (0.3%).

Earnings vs Market: ALFLE's earnings (51.8% per year) are forecast to grow faster than the French market (11.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ALFLE's revenue (3% per year) is forecast to grow slower than the French market (6.2% per year).

High Growth Revenue: ALFLE's revenue (3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ALFLE's Return on Equity is forecast to be low in 3 years time (11.2%).


Past Performance

How has Fleury Michon performed over the past 5 years?

-56.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALFLE has a large one-off loss of €21.1M impacting its June 30 2021 financial results.

Growing Profit Margin: ALFLE became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ALFLE's earnings have declined by 56.3% per year over the past 5 years.

Accelerating Growth: ALFLE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ALFLE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Food industry (4.6%).


Return on Equity

High ROE: ALFLE's Return on Equity (1.6%) is considered low.


Financial Health

How is Fleury Michon's financial position?


Financial Position Analysis

Short Term Liabilities: ALFLE's short term assets (€259.9M) exceed its short term liabilities (€233.6M).

Long Term Liabilities: ALFLE's short term assets (€259.9M) exceed its long term liabilities (€221.3M).


Debt to Equity History and Analysis

Debt Level: ALFLE's net debt to equity ratio (50.6%) is considered high.

Reducing Debt: ALFLE's debt to equity ratio has increased from 79.6% to 145.9% over the past 5 years.

Debt Coverage: ALFLE's debt is well covered by operating cash flow (31.6%).

Interest Coverage: ALFLE's interest payments on its debt are well covered by EBIT (6.9x coverage).


Balance Sheet


Dividend

What is Fleury Michon current dividend yield, its reliability and sustainability?

4.35%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ALFLE's dividend (4.35%) is higher than the bottom 25% of dividend payers in the French market (1.39%).

High Dividend: ALFLE's dividend (4.35%) is in the top 25% of dividend payers in the French market (4.05%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (181.4%), ALFLE's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ALFLE's dividends in 3 years are forecast to be well covered by earnings (26.1% payout ratio).


Next Steps

Management

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

8.7yrs

Average board tenure


CEO

Billy Salha

2.17yrs

Tenure

Mr. Billy Salha serves as General Manager at Fleury Michon SA since November 4, 2019 He served as General Manager of Europe and Asia Pacific at Société BIC SA since April 2016 until October 4, 2017. Mr. Sa...


Board Members

Experienced Board: ALFLE's board of directors are considered experienced (8.7 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

Fleury Michon SA's employee growth, exchange listings and data sources


Key Information

  • Name: Fleury Michon SA
  • Ticker: ALFLE
  • Exchange: ENXTPA
  • Founded: 1905
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: €95.984m
  • Shares outstanding: 4.17m
  • Website: https://www.fleurymichon.fr

Number of Employees


Location

  • Fleury Michon SA
  • 25 rue de la BaudriEre
  • La Meilleraie-Tillay
  • Pays de la Loire
  • 85700
  • France

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/26 22:16
End of Day Share Price2022/01/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.