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Laurent-Perrier

ENXTPA:LPE
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LPE
ENXTPA
€539M
Market Cap
  1. Home
  2. FR
  3. Food, Beverage & Tobacco
Company description

Laurent-Perrier S.A. produces and sells champagnes and wines in France. The last earnings update was 32 days ago. More info.


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LPE Share Price and Events
7 Day Returns
0%
ENXTPA:LPE
-2.4%
FR Beverage
-0.2%
FR Market
1 Year Returns
-12.1%
ENXTPA:LPE
12.3%
FR Beverage
2.8%
FR Market
LPE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Laurent-Perrier (LPE) 0% 0.2% -5.6% -12.1% 31.3% 30%
FR Beverage -2.4% 0.9% 1.3% 12.3% 52% 77.5%
FR Market -0.2% 3.6% 0.7% 2.8% 34.3% 38.5%
1 Year Return vs Industry and Market
  • LPE underperformed the Beverage industry which returned 12.3% over the past year.
  • LPE underperformed the Market in France which returned 2.8% over the past year.
Price Volatility
LPE
Industry
5yr Volatility vs Market

Value

 Is Laurent-Perrier undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Laurent-Perrier to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Laurent-Perrier.

ENXTPA:LPE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year FR Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTPA:LPE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.561 (1 + (1- 33%) (66.15%))
0.872
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (0.872 * 6.65%)
6.53%

Discounted Cash Flow Calculation for ENXTPA:LPE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Laurent-Perrier is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ENXTPA:LPE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.53%)
2020 22.30 Analyst x2 20.93
2021 17.73 Analyst x3 15.63
2022 14.94 Est @ -15.76% 12.36
2023 13.32 Est @ -10.81% 10.34
2024 12.34 Est @ -7.35% 9.00
2025 11.74 Est @ -4.92% 8.03
2026 11.36 Est @ -3.23% 7.29
2027 11.13 Est @ -2.04% 6.71
2028 10.99 Est @ -1.21% 6.22
2029 10.92 Est @ -0.63% 5.80
Present value of next 10 years cash flows €102.30
ENXTPA:LPE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €10.92 × (1 + 0.73%) ÷ (6.53% – 0.73%)
€189.73
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €189.73 ÷ (1 + 6.53%)10
€100.77
ENXTPA:LPE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €102.30 + €100.77
€203.07
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €203.07 / 5.92
€34.29
ENXTPA:LPE Discount to Share Price
Calculation Result
Value per share (EUR) From above. €34.29
Current discount Discount to share price of €91.00
= -1 x (€91.00 - €34.29) / €34.29
-165.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Laurent-Perrier is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Laurent-Perrier's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Laurent-Perrier's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:LPE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €3.90
ENXTPA:LPE Share Price ** ENXTPA (2019-07-16) in EUR €91
France Beverage Industry PE Ratio Median Figure of 6 Publicly-Listed Beverage Companies 26.05x
France Market PE Ratio Median Figure of 415 Publicly-Listed Companies 17.42x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Laurent-Perrier.

ENXTPA:LPE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:LPE Share Price ÷ EPS (both in EUR)

= 91 ÷ 3.90

23.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Laurent-Perrier is good value based on earnings compared to the FR Beverage industry average.
  • Laurent-Perrier is overvalued based on earnings compared to the France market.
Price based on expected Growth
Does Laurent-Perrier's expected growth come at a high price?
Raw Data
ENXTPA:LPE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
11.2%per year
France Beverage Industry PEG Ratio Median Figure of 5 Publicly-Listed Beverage Companies 2.92x
France Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

ENXTPA:LPE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.34x ÷ 11.2%

2.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Laurent-Perrier is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Laurent-Perrier's assets?
Raw Data
ENXTPA:LPE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €70.89
ENXTPA:LPE Share Price * ENXTPA (2019-07-16) in EUR €91
France Beverage Industry PB Ratio Median Figure of 7 Publicly-Listed Beverage Companies 1.05x
France Market PB Ratio Median Figure of 613 Publicly-Listed Companies 1.48x
ENXTPA:LPE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:LPE Share Price ÷ Book Value per Share (both in EUR)

= 91 ÷ 70.89

1.28x

* Primary Listing of Laurent-Perrier.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Laurent-Perrier is overvalued based on assets compared to the FR Beverage industry average.
X
Value checks
We assess Laurent-Perrier's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Beverage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Beverage industry average (and greater than 0)? (1 check)
  5. Laurent-Perrier has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Laurent-Perrier expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Laurent-Perrier expected to grow at an attractive rate?
  • Laurent-Perrier's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Laurent-Perrier's earnings growth is positive but not above the France market average.
  • Laurent-Perrier's revenue growth is positive but not above the France market average.
Annual Growth Rates Comparison
Raw Data
ENXTPA:LPE Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:LPE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 11.2%
ENXTPA:LPE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 2.9%
France Beverage Industry Earnings Growth Rate Market Cap Weighted Average 9.8%
France Beverage Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
France Market Earnings Growth Rate Market Cap Weighted Average 12.6%
France Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTPA:LPE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:LPE Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 282 34 1
2021-03-31 259 34 28 4
2020-03-31 256 32 26 3
ENXTPA:LPE Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 250 8 23
2018-12-31 248 15 23
2018-09-30 231 23 23
2018-06-30 228 22 22
2018-03-31 242 21 21
2017-12-31 235 19 21
2017-09-30 227 16 21
2017-06-30 229 15 22
2017-03-31 231 15 23
2016-12-31 236 19 24
2016-09-30 241 23 24
2016-06-30 243 25 25

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Laurent-Perrier's earnings are expected to grow by 11.2% yearly, however this is not considered high growth (20% yearly).
  • Laurent-Perrier's revenue is expected to grow by 2.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTPA:LPE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Laurent-Perrier Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:LPE Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 5.73 5.73 5.73 1.00
2021-03-31 4.55 5.17 4.05 4.00
2020-03-31 4.28 4.68 3.97 4.00
ENXTPA:LPE Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 3.90
2018-12-31 3.91
2018-09-30 3.91
2018-06-30 3.70
2018-03-31 3.48
2017-12-31 3.50
2017-09-30 3.52
2017-06-30 3.73
2017-03-31 3.93
2016-12-31 4.02
2016-09-30 4.10
2016-06-30 4.19

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Laurent-Perrier is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Laurent-Perrier's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the France market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the France market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Laurent-Perrier has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Laurent-Perrier performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Laurent-Perrier's growth in the last year to its industry (Beverage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Laurent-Perrier's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Laurent-Perrier's 1-year earnings growth exceeds its 5-year average (12.2% vs -1.2%)
  • Laurent-Perrier's earnings growth has exceeded the FR Beverage industry average in the past year (12.2% vs 6.4%).
Earnings and Revenue History
Laurent-Perrier's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Laurent-Perrier Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:LPE Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 249.57 23.06 73.55
2018-12-31 248.20 23.10 72.67
2018-09-30 230.70 23.13 71.78
2018-06-30 228.20 21.84 71.25
2018-03-31 241.81 20.55 70.71
2017-12-31 234.62 20.67 70.15
2017-09-30 227.43 20.78 69.59
2017-06-30 229.01 22.00 69.23
2017-03-31 230.58 23.22 68.87
2016-12-31 235.85 23.72 69.32
2016-09-30 241.11 24.21 69.76
2016-06-30 242.98 24.72 70.65
2016-03-31 244.84 25.22 71.53
2015-12-31 241.97 24.33 70.51
2015-09-30 239.10 23.43 69.49
2015-06-30 235.52 23.17 68.57
2015-03-31 231.94 22.90 67.64
2014-12-31 228.40 23.56 65.69
2014-09-30 224.85 24.22 63.73
2014-06-30 222.71 22.91 63.68
2014-03-31 220.56 21.60 63.63
2013-12-31 219.05 21.58 63.32
2013-09-30 217.54 21.56 63.01
2013-06-30 220.24 20.93 63.62
2013-03-31 222.94 20.29 64.23
2012-12-31 222.65 19.69 63.94
2012-09-30 222.35 19.08 63.65

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Laurent-Perrier has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Laurent-Perrier used its assets more efficiently than the FR Beverage industry average last year based on Return on Assets.
  • Laurent-Perrier's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Laurent-Perrier's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Beverage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Laurent-Perrier has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Laurent-Perrier's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Laurent-Perrier's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Laurent-Perrier is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Laurent-Perrier's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Laurent-Perrier's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Laurent-Perrier Company Filings, last reported 3 months ago.

ENXTPA:LPE Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 422.87 356.45 73.46
2018-12-31 422.87 356.45 73.46
2018-09-30 414.16 356.02 51.52
2018-06-30 414.16 356.02 51.52
2018-03-31 408.53 332.14 57.26
2017-12-31 408.53 332.14 57.26
2017-09-30 393.36 355.03 58.10
2017-06-30 393.36 355.03 58.10
2017-03-31 391.25 307.33 36.58
2016-12-31 391.25 307.33 36.58
2016-09-30 372.09 316.02 16.65
2016-06-30 372.09 316.02 16.65
2016-03-31 369.51 321.40 55.70
2015-12-31 369.51 321.40 55.70
2015-09-30 356.12 319.58 17.08
2015-06-30 356.12 319.58 17.08
2015-03-31 346.93 299.91 26.25
2014-12-31 346.93 299.91 26.25
2014-09-30 334.05 327.54 14.86
2014-06-30 334.05 327.54 14.86
2014-03-31 329.21 292.16 16.31
2013-12-31 329.21 292.16 16.31
2013-09-30 300.85 321.60 14.23
2013-06-30 300.85 321.60 14.23
2013-03-31 296.39 293.57 16.19
2012-12-31 296.39 293.57 16.19
2012-09-30 278.97 321.71 7.70
  • Laurent-Perrier's level of debt (84.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (89.3% vs 84.3% today).
  • Debt is not well covered by operating cash flow (2.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6x coverage).
X
Financial health checks
We assess Laurent-Perrier's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Laurent-Perrier has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Laurent-Perrier's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.26%
Current annual income from Laurent-Perrier dividends. Estimated to be 1.43% next year.
If you bought €2,000 of Laurent-Perrier shares you are expected to receive €25 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Laurent-Perrier's pays a lower dividend yield than the bottom 25% of dividend payers in France (1.51%).
  • Laurent-Perrier's dividend is below the markets top 25% of dividend payers in France (4.39%).
Upcoming dividend payment

Purchase Laurent-Perrier before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTPA:LPE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
France Beverage Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 1.6%
France Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3%
France Minimum Threshold Dividend Yield 10th Percentile 0.9%
France Bottom 25% Dividend Yield 25th Percentile 1.5%
France Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTPA:LPE Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 1.53 1.00
2021-03-31 1.25 3.00
2020-03-31 1.25 2.00
ENXTPA:LPE Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-06-14 1.150 1.268
2018-06-15 1.050 1.084
2017-06-19 1.050 1.222
2016-06-14 1.050 1.491
2015-06-15 1.000 1.268
2014-06-12 1.000 1.409
2013-06-13 1.000 1.457
2012-06-12 1.000 1.487
2011-06-10 0.760 0.979
2010-06-17 0.690 0.895
2009-06-18 0.830 1.482

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Laurent-Perrier's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.7x coverage).
X
Income/ dividend checks
We assess Laurent-Perrier's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Laurent-Perrier afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Laurent-Perrier has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Laurent-Perrier's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Alexandra Pereyre de Nonancourt
COMPENSATION €157,002
CEO Bio

Ms. Alexandra Pereyre de Nonancourt has been General Manager and Member of Management Board at Groupe Laurent-perrier since May 10, 1999 and serves as its Chief Executive Officer.

CEO Compensation
  • Alexandra's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Alexandra's remuneration is lower than average for companies of similar size in France.
Management Team

Alexandra Pereyre de Nonancourt

TITLE
CEO, GM & Member of Management Board
COMPENSATION
€157K

Stéphanie Meneux de Nonancourt

TITLE
CEO, GM & Member of Management Board
COMPENSATION
€157K

Stephane Dalyac

TITLE
Chairman of Management Board
COMPENSATION
€568K
AGE
56
TENURE
4.8 yrs

Yves Dumont

TITLE
Chairman of Laurent-Perrier Development
COMPENSATION
€266K

Michel Fauconnet

TITLE
Head of Vineyards - Production & Supplies
COMPENSATION
€238K

Marie-Clothilde Debieuvre-Patoz

TITLE
Communications Executive
Board of Directors Tenure

Average tenure and age of the Laurent-Perrier board of directors in years:

14
Average Tenure
60
Average Age
  • The average tenure for the Laurent-Perrier board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Maurice De Kervénoaël

TITLE
Chairman of the Supervisory Board
COMPENSATION
€147K
AGE
83
TENURE
14 yrs

Patrick Thomas

TITLE
Deputy Chairman of the Supervisory Board
COMPENSATION
€18K
TENURE
3.6 yrs

Yves Dumont

TITLE
Chairman of Laurent-Perrier Development
COMPENSATION
€266K

Yann Duchesne

TITLE
Independent Member of Supervisory Board
COMPENSATION
€18K
AGE
63
TENURE
16 yrs

Eric Meneux

TITLE
Member of the Supervisory Board
COMPENSATION
€18K
TENURE
19.8 yrs

Jean-Louis Pereyre

TITLE
Member of the Supervisory Board
COMPENSATION
€18K
TENURE
24.6 yrs

Claude de Nonancourt

TITLE
Member of The Supervisory Board
COMPENSATION
€18K
TENURE
23 yrs

Marie Cheval

TITLE
Independent Member of Supervisory Board
COMPENSATION
€18K
AGE
45
TENURE
6 yrs

Bernard Rascle

TITLE
Independent Member of Supervisory Board
COMPENSATION
€18K
TENURE
3.7 yrs

Wendy Siu

TITLE
Member of Supervisory Board
COMPENSATION
€18K
AGE
57
TENURE
3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Laurent-Perrier's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Laurent-Perrier has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Good Is Laurent-Perrier S.A. (EPA:LPE), When It Comes To ROE?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Laurent-Perrier: 5.5% = €23m ÷ €423m (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Conservative use of debt to boost returns is usually a good move for shareholders, though it does leave the company more exposed to interest rate rises. … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

Does Laurent-Perrier S.A.’s (EPA:LPE) ROCE Reflect Well On The Business?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Laurent-Perrier: 0.05 = €41m ÷ (€927m - €104m) (Based on the trailing twelve months to March 2019.) Therefore, Laurent-Perrier has an ROCE of 5.0%. … Due to the way the ROCE equation works, having large bills due in the near term can make it look as though a company has less capital employed, and thus a higher ROCE than usual.

Simply Wall St -

How Do Analysts See Laurent-Perrier S.A. (EPA:LPE) Performing In The Next 12 Months?

Based on Laurent-Perrier S.A.'s (EPA:LPE) earnings update on 31 March 2019, analysts seem fairly confident, as a 12% increase in profits is expected in the upcoming year, relative to the past 5-year average growth rate of -1.2%. … To understand the overall trajectory of LPE's earnings growth over these next fews years, I've fitted a line through these analyst earnings forecast to determine an annual growth rate from the slope. … ENXTPA:LPE Past and Future Earnings, June 21st 2019 By 2022, LPE's earnings should reach €34m, from current levels of €23m, resulting in an annual growth rate of 11%.

Simply Wall St -

Should Laurent-Perrier (EPA:LPE) Be Disappointed With Their 34% Profit?

Over the last three years, Laurent-Perrier failed to grow earnings per share, which fell 0.6% (annualized). … Companies are not always focussed on EPS growth in the short term, and looking at how the share price has reacted, we don't think EPS is the most important metric for Laurent-Perrier at the moment. … When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return.

Simply Wall St -

Is Laurent-Perrier S.A. (EPA:LPE) Potentially Underrated?

By this I mean, I look at stocks holistically, from their financial health to their future outlook. … (EPA:LPE), it is a dependable dividend-paying company that has been able to sustain great financial health over the past. … ENXTPA:LPE Historical Dividend Yield, May 14th 2019 Next Steps: For Laurent-Perrier, there are three essential aspects you should look at: Future Outlook: What are well-informed industry analysts predicting for LPE’s future growth?

Simply Wall St -

Does Laurent-Perrier S.A.'s (EPA:LPE) April Stock Price Reflect Its Future Growth?

Help shape the future of investing tools and you could win a $250 gift card! … (EPA:LPE) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of €94.4 is based on unrealistic expectations. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors.

Simply Wall St -

Laurent-Perrier S.A. (EPA:LPE) Is Yielding 1.1% - But Is It A Buy?

Owning a strong dividend company and reinvesting the dividends is widely seen as an attractive way of growing your wealth. … Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … Some simple analysis can offer a lot of insight when buying a company for its dividend, and we'll go through these below.

Simply Wall St -

Is Laurent-Perrier S.A.'s (EPA:LPE) CEO Pay Fair?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Alexandra Pereyre de Nonancourt's Compensation Compare With Similar Sized Companies. … has a market capitalization of €545m, and pays its CEO total annual compensation worth €151k.

Simply Wall St -

How Did Laurent-Perrier S.A.'s (EPA:LPE) 5.6% ROE Fare Against The Industry?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.056 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Does Laurent-Perrier S.A.’s (EPA:LPE) 5.1% ROCE Say About The Business?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Company Info

Description

Laurent-Perrier S.A. produces and sells champagnes and wines in France. The company sells its products under the ULTRA BRUT, LA CUVÉE, BRUT MILLÉSIMÉ, GRAND SIÈCLE, CUVÉE ROSÉ, ALEXANDRA ROSÉ, and HARMON names. The company sells its products through specialized distribution channels, such as cafés, hotels and restaurants, wine merchants, and direct sales. It also exports its products to approximately 130 countries worldwide. Laurent-Perrier S.A. was founded in 1812 and is based in Tours-sur-Marne, France.

Details
Name: Laurent-Perrier S.A.
LPE
Exchange: ENXTPA
Founded: 1812
€538,898,087
5,921,957
Website: http://www.laurent-perrier.com
Address: Laurent-Perrier S.A.
32, avenue de Champagne,
Tours-sur-Marne,
Champagne-Ardenne, 51150,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA LPE Ordinary Shares Euronext Paris FR EUR 14. Jun 1999
OTCPK LPRR.F Ordinary Shares Pink Sheets LLC US USD 14. Jun 1999
DB LPE Ordinary Shares Deutsche Boerse AG DE EUR 14. Jun 1999
BATS-CHIXE LPEP Ordinary Shares BATS 'Chi-X Europe' GB EUR 14. Jun 1999
Number of employees
Current staff
Staff numbers
370
Laurent-Perrier employees.
Industry
Distillers and Vintners
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 20:47
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/06/14
Last earnings filing: 2019/06/14
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.