ENXTPA:LPE

Stock Analysis Report

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Executive Summary

Laurent-Perrier S.A. produces and sells champagnes and wines in France.


Snowflake Analysis

Adequate balance sheet with proven track record and pays a dividend.

Share Price & News

How has Laurent-Perrier's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.8%

LPE

2.6%

FR Beverage

2.9%

FR Market


1 Year Return

-15.9%

LPE

-11.5%

FR Beverage

-8.6%

FR Market

Return vs Industry: LPE underperformed the French Beverage industry which returned -14.1% over the past year.

Return vs Market: LPE underperformed the French Market which returned -10.7% over the past year.


Shareholder returns

LPEIndustryMarket
7 Day-1.8%2.6%2.9%
30 Day-7.7%2.3%3.3%
90 Day3.2%14.7%22.1%
1 Year-14.8%-15.9%-9.8%-11.5%-7.0%-8.6%
3 Year1.9%-1.8%25.7%20.3%11.7%2.7%
5 Year-2.4%-8.4%49.8%38.3%32.9%15.3%

Price Volatility Vs. Market

How volatile is Laurent-Perrier's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Laurent-Perrier undervalued compared to its fair value and its price relative to the market?

39.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LPE (€76.4) is trading below our estimate of fair value (€125.57)

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


Price To Earnings Ratio

PE vs Industry: LPE is good value based on its PE Ratio (19.2x) compared to the Beverage industry average (23.1x).

PE vs Market: LPE is poor value based on its PE Ratio (19.2x) compared to the French market (15x).


Price to Earnings Growth Ratio

PEG Ratio: LPE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: LPE is overvalued based on its PB Ratio (1.1x) compared to the FR Beverage industry average (0.7x).


Next Steps

Future Growth

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

-13.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LPE's earnings are forecast to decline over the next 3 years (-13.3% per year).

Earnings vs Market: LPE's earnings are forecast to decline over the next 3 years (-13.3% per year).

High Growth Earnings: LPE's earnings are forecast to decline over the next 3 years.

Revenue vs Market: LPE's revenue is expected to decline over the next 3 years (-2.8% per year).

High Growth Revenue: LPE's revenue is forecast to decline over the next 3 years (-2.8% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LPE's Return on Equity is forecast to be low in 3 years time (4.4%).


Next Steps

Past Performance

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

-1.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LPE has high quality earnings.

Growing Profit Margin: LPE's current net profit margins (9.5%) are higher than last year (9.4%).


Past Earnings Growth Analysis

Earnings Trend: LPE's earnings have declined by -1.4% per year over the past 5 years.

Accelerating Growth: LPE's earnings growth over the past year (1.9%) exceeds its 5-year average (-1.4% per year).

Earnings vs Industry: LPE earnings growth over the past year (1.9%) exceeded the Beverage industry -15.4%.


Return on Equity

High ROE: LPE's Return on Equity (5.6%) is considered low.


Next Steps

Financial Health

How is Laurent-Perrier's financial position?


Financial Position Analysis

Short Term Liabilities: LPE's short term assets (€723.0M) exceed its short term liabilities (€144.5M).

Long Term Liabilities: LPE's short term assets (€723.0M) exceed its long term liabilities (€411.7M).


Debt to Equity History and Analysis

Debt Level: LPE's debt to equity ratio (84.5%) is considered high.

Reducing Debt: LPE's debt to equity ratio has reduced from 97.5% to 84.5% over the past 5 years.

Debt Coverage: LPE's debt is not well covered by operating cash flow (1%).

Interest Coverage: LPE's interest payments on its debt are well covered by EBIT (6.1x coverage).


Balance Sheet


Next Steps

Dividend

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

1.51%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LPE's dividend (1.51%) isn’t notable compared to the bottom 25% of dividend payers in the French market (1.71%).

High Dividend: LPE's dividend (1.51%) is low compared to the top 25% of dividend payers in the French market (4.88%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.9%), LPE's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LPE's dividends in 3 years are forecast to be well covered by earnings (37.5% payout ratio).


Next Steps

Management

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

15.0yrs

Average board tenure


CEO

Alexandra Pereyre de Nonancourt

no data

Tenure

€157,002

Compensation

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 Analysis

Compensation vs Market: Alexandra's total compensation ($USD176.51K) is below average for companies of similar size in the French market ($USD689.22K).

Compensation vs Earnings: Alexandra's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Yves Dumont
Chairman of Laurent-Perrier Developmentno data€266.37kno data
Yann Duchesne
Independent Member of Supervisory Board17yrs€17.70kno data
Eric Meneux
Member of the Supervisory Board20.75yrs€17.70kno data
Jean-Louis Pereyre
Member of the Supervisory Board25.58yrs€17.70kno data
Claude de Nonancourt
Member of The Supervisory Board24yrs€17.70kno data
Patrick Thomas
Independent Deputy Chairman of the Supervisory Board4.58yrs€17.70kno data
Maurice De Kervénoaël
Independent Chairman of the Supervisory Board15yrs€146.50kno data
Marie Cheval
Independent Member of Supervisory Board7yrs€17.70kno data
Bernard Rascle
Independent Member of Supervisory Board4.67yrs€17.70kno data
Wendy Siu
Independent Member of Supervisory Board4yrs€17.70kno data

15.0yrs

Average Tenure

64yo

Average Age

Experienced Board: LPE's board of directors are seasoned and experienced ( 15 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

Laurent-Perrier S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Laurent-Perrier S.A.
  • Ticker: LPE
  • Exchange: ENXTPA
  • Founded: 1812
  • Industry: Distillers and Vintners
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €452.331m
  • Shares outstanding: 5.92m
  • Website: https://www.laurent-perrier.com

Number of Employees


Location

  • Laurent-Perrier S.A.
  • 32, avenue de Champagne
  • Tours-sur-Marne
  • Champagne-Ardenne
  • 51150
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LPRR.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 1999
LPEENXTPA (Euronext Paris)YesOrdinary SharesFREURJun 1999
0MV6LSE (London Stock Exchange)YesOrdinary SharesGBEURJun 1999
LPEDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 1999
LPEPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJun 1999

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/02 20:59
End of Day Share Price2020/07/02 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.