Gascogne (ENXTPA:ALBI) - Share price, News & Analysis

ALBI fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	0/6
Past Performance	5/6
Financial Health	5/6
Dividends	0/6

ALBI Stock Overview

Gascogne SA engages in the production and sale of wood, paper, industrial and consumer sacks, and laminates in France and internationally.

Rewards

Trading at 94.9% below our estimate of its fair value

Earnings grew by 55.9% over the past year

Risk Analysis

Has a high level of debt

Does not have a meaningful market cap (€85M)

Gascogne Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Gascogne
Historical stock prices
Current Share Price	€3.50
52 Week High	€4.96
52 Week Low	€2.80
Beta	0.40
1 Month Change	5.42%
3 Month Change	13.64%
1 Year Change	-28.57%
3 Year Change	-2.78%
5 Year Change	-16.47%
Change since IPO	-94.48%

Recent News & Updates

Mar 18

We Like These Underlying Return On Capital Trends At Gascogne (EPA:ALBI)

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...

Oct 14

The Return Trends At Gascogne (EPA:ALBI) Look Promising

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...

Shareholder Returns

	ALBI	FR Packaging	FR Market
7D	-0.9%	0.5%	-1.1%
1Y	-28.6%	-13.5%	-5.9%

Return vs Industry: ALBI underperformed the French Packaging industry which returned -13.5% over the past year.

Return vs Market: ALBI underperformed the French Market which returned -5.9% over the past year.

Price Volatility

Is ALBI's price volatile compared to industry and market?
ALBI volatility
ALBI Average Weekly Movement	6.2%
Packaging Industry Average Movement	6.0%
Market Average Movement	5.9%
10% most volatile stocks in FR Market	10.0%
10% least volatile stocks in FR Market	3.4%

Stable Share Price: ALBI is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ALBI's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1925	1,383	Dominique Coutiere	https://www.groupe-gascogne.com

Gascogne SA engages in the production and sale of wood, paper, industrial and consumer sacks, and laminates in France and internationally. It operates through Wood and Packaging divisions. The company offers decorative wood, wood frame walls, and wood siding products; and machine glazed natural kraft papers, natural sack kraft papers, and technical coated papers for packaging and industrial uses.

Gascogne Fundamentals Summary

How do Gascogne's earnings and revenue compare to its market cap?
ALBI fundamental statistics
Market Cap	€84.98m
Earnings (TTM)	€12.87m
Revenue (TTM)	€398.85m

6.6x

P/E Ratio

0.2x

P/S Ratio

Is ALBI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALBI income statement (TTM)
Revenue	€398.85m
Cost of Revenue	€195.19m
Gross Profit	€203.66m
Other Expenses	€190.79m
Earnings	€12.87m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.53
Gross Margin	51.06%
Net Profit Margin	3.23%
Debt/Equity Ratio	75.7%

How did ALBI perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: ALBI (€3.5) is trading below our estimate of fair value (€68.7)

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

Price To Earnings Ratio

PE vs Industry: ALBI is good value based on its Price-To-Earnings Ratio (6.6x) compared to the French Packaging industry average (18.9x).

PE vs Market: ALBI is good value based on its Price-To-Earnings Ratio (6.6x) compared to the French market (16.2x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ALBI's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: ALBI is good value based on its Price-To-Book Ratio (0.5x) compared to the FR Packaging industry average (2.1x).

Future Growth

How is Gascogne forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

13.3%

Forecasted Materials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Gascogne has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Gascogne performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

9.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ALBI has high quality earnings.

Growing Profit Margin: ALBI's current net profit margins (3.2%) are higher than last year (2.3%).

Past Earnings Growth Analysis

Earnings Trend: ALBI's earnings have grown by 9.9% per year over the past 5 years.

Accelerating Growth: ALBI's earnings growth over the past year (55.9%) exceeds its 5-year average (9.9% per year).

Earnings vs Industry: ALBI earnings growth over the past year (55.9%) exceeded the Packaging industry 27.8%.

Return on Equity

High ROE: ALBI's Return on Equity (8.1%) is considered low.

Financial Health

How is Gascogne's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: ALBI's short term assets (€213.6M) exceed its short term liabilities (€185.0M).

Long Term Liabilities: ALBI's short term assets (€213.6M) exceed its long term liabilities (€58.5M).

Debt to Equity History and Analysis

Debt Level: ALBI's net debt to equity ratio (56.9%) is considered high.

Reducing Debt: ALBI's debt to equity ratio has reduced from 101.2% to 75.7% over the past 5 years.

Debt Coverage: ALBI's debt is well covered by operating cash flow (28.9%).

Interest Coverage: ALBI's interest payments on its debt are well covered by EBIT (4.6x coverage).

Balance Sheet

Dividend

What is Gascogne current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ALBI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ALBI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ALBI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ALBI's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ALBI has not reported any payouts.

Discover strong dividend paying companies

Management

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

4.9yrs

Average board tenure

CEO

Dominique Coutiere

7.83yrs

Tenure

Mr. Dominique Coutiere founded BIOLANDES SAS in 1980 and serves as its Chief Executive Officer. Mr. Coutiere serves as Chairman and Chief Executive Officer of Gascogne SA since July 9, 2014, its Director s...

Board Members

Experienced Board: ALBI's board of directors are considered experienced (4.9 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/27 00:00
End of Day Share Price	2022/05/25 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31