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Exacompta Clairefontaine

ENXTPA:EXAC
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EXAC
ENXTPA
€130M
Market Cap
  1. Home
  2. FR
  3. Materials
Company description

Exacompta Clairefontaine S.A. engages in producing, finishing, and formatting paper in Europe and internationally. The last earnings update was 13 days ago. More info.


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EXAC Share Price and Events
7 Day Returns
-2.5%
ENXTPA:EXAC
-0.7%
Europe Forestry
2%
FR Market
1 Year Returns
1.8%
ENXTPA:EXAC
-15.7%
Europe Forestry
3.4%
FR Market
EXAC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Exacompta Clairefontaine (EXAC) -2.5% -4.2% 3.6% 1.8% 64.3% 53.3%
Europe Forestry -0.7% -1.1% 1.2% -15.7% 7.9% 38.2%
FR Market 2% 2.6% 15.1% 3.4% 28% 31.4%
1 Year Return vs Industry and Market
  • EXAC outperformed the Forestry industry which returned -15.7% over the past year.
  • EXAC underperformed the Market in France which returned 3.4% over the past year.
Price Volatility
EXAC
Industry
5yr Volatility vs Market

Value

 Is Exacompta Clairefontaine 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 Exacompta Clairefontaine 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 Exacompta Clairefontaine.

ENXTPA:EXAC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 12.8%
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:EXAC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.29
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.288 (1 + (1- 33%) (108.01%))
1.817
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (1.817 * 6.65%)
12.82%

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

The calculations below outline how an intrinsic value for Exacompta Clairefontaine 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:EXAC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 12.82%)
2019 4.48 Est @ 1.62% 3.97
2020 4.54 Est @ 1.35% 3.57
2021 4.59 Est @ 1.17% 3.20
2022 4.64 Est @ 1.04% 2.86
2023 4.68 Est @ 0.95% 2.56
2024 4.73 Est @ 0.88% 2.29
2025 4.76 Est @ 0.84% 2.05
2026 4.80 Est @ 0.81% 1.83
2027 4.84 Est @ 0.78% 1.64
2028 4.88 Est @ 0.77% 1.46
Present value of next 10 years cash flows €25.43
ENXTPA:EXAC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €4.88 × (1 + 0.73%) ÷ (12.82% – 0.73%)
€40.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €40.66 ÷ (1 + 12.82%)10
€12.17
ENXTPA:EXAC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €25.43 + €12.17
€37.60
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €37.60 / 1.13
€33.23
ENXTPA:EXAC Discount to Share Price
Calculation Result
Value per share (EUR) From above. €33.23
Current discount Discount to share price of €115.00
= -1 x (€115.00 - €33.23) / €33.23
-246%

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

  • The current share price of Exacompta Clairefontaine 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 Exacompta Clairefontaine's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Exacompta Clairefontaine's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:EXAC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €9.57
ENXTPA:EXAC Share Price ** ENXTPA (2019-04-17) in EUR €115
Europe Forestry Industry PE Ratio Median Figure of 32 Publicly-Listed Forestry Companies 12.12x
France Market PE Ratio Median Figure of 419 Publicly-Listed Companies 16.31x

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

** Primary Listing of Exacompta Clairefontaine.

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

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

= 115 ÷ 9.57

12.01x

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

  • Exacompta Clairefontaine is good value based on earnings compared to the Europe Forestry industry average.
  • Exacompta Clairefontaine is good value based on earnings compared to the France market.
Price based on expected Growth
Does Exacompta Clairefontaine's expected growth come at a high price?
Raw Data
ENXTPA:EXAC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
25.4%per year
Europe Forestry Industry PEG Ratio Median Figure of 21 Publicly-Listed Forestry Companies 1.06x
France Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Exacompta Clairefontaine, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Exacompta Clairefontaine's assets?
Raw Data
ENXTPA:EXAC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €349.61
ENXTPA:EXAC Share Price * ENXTPA (2019-04-17) in EUR €115
Europe Forestry Industry PB Ratio Median Figure of 36 Publicly-Listed Forestry Companies 1.37x
France Market PB Ratio Median Figure of 618 Publicly-Listed Companies 1.48x
ENXTPA:EXAC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 115 ÷ 349.61

0.33x

* Primary Listing of Exacompta Clairefontaine.

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

  • Exacompta Clairefontaine is good value based on assets compared to the Europe Forestry industry average.
X
Value checks
We assess Exacompta Clairefontaine'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 Forestry 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 Forestry industry average (and greater than 0)? (1 check)
  5. Exacompta Clairefontaine has a total score of 3/6, 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 Exacompta Clairefontaine expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Exacompta Clairefontaine, future earnings growth has been estimated based on fundamentals.
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
25.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Exacompta Clairefontaine expected to grow at an attractive rate?
  • Exacompta Clairefontaine's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Exacompta Clairefontaine's earnings growth is expected to exceed the France market average.
  • Unable to compare Exacompta Clairefontaine's revenue growth to the France market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ENXTPA:EXAC Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:EXAC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 25.4%
Europe Forestry Industry Earnings Growth Rate Market Cap Weighted Average 0.5%
Europe Forestry Industry Revenue Growth Rate Market Cap Weighted Average 2%
France Market Earnings Growth Rate Market Cap Weighted Average 13.4%
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:EXAC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:EXAC Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 603 12
2018-09-30 601 12
2018-06-30 599 25 11
2018-03-31 599 30 12
2017-12-31 598 34 13
2017-09-30 598 13
2017-06-30 598 46 14
2017-03-31 598 47 14
2016-12-31 598 49 14
2016-09-30 593 13
2016-06-30 589 29 13
2016-03-31 580 32 12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Exacompta Clairefontaine's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Exacompta Clairefontaine is high growth as no revenue estimate data is available.
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:EXAC 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 0 Analyst Estimates (S&P Global) See Below

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

ENXTPA:EXAC Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31
2018-09-30
2018-06-30 9.57
2018-03-31 10.47
2017-12-31 11.37
2017-09-30 11.91
2017-06-30 12.45
2017-03-31 12.33
2016-12-31 12.20
2016-09-30 11.79
2016-06-30 11.37
2016-03-31 10.27

*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.
  • Unable to establish if Exacompta Clairefontaine will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Exacompta Clairefontaine'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Exacompta Clairefontaine has a total score of 3/6, 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 Exacompta Clairefontaine 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 Exacompta Clairefontaine's growth in the last year to its industry (Forestry).
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.
  • Exacompta Clairefontaine's year on year earnings growth rate has been positive over the past 5 years.
  • Exacompta Clairefontaine's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Exacompta Clairefontaine's 1-year earnings growth is negative, it can't be compared to the Europe Forestry industry average.
Earnings and Revenue History
Exacompta Clairefontaine'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 Exacompta Clairefontaine Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:EXAC Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 603.10 12.48
2018-09-30 601.21 11.66 130.40
2018-06-30 599.33 10.85 260.81
2018-03-31 598.52 11.86 259.90
2017-12-31 597.71 12.87 258.99
2017-09-30 597.79 13.47 257.54
2017-06-30 597.87 14.08 256.08
2017-03-31 597.87 13.95 256.33
2016-12-31 597.87 13.81 256.58
2016-09-30 593.35 13.34 253.96
2016-06-30 588.84 12.87 251.34
2016-03-31 579.97 11.62 247.76
2015-12-31 571.11 10.37 244.19
2015-09-30 566.78 12.77 241.82
2015-06-30 562.46 15.17 239.46
2015-03-31 556.71 13.28 238.15
2014-12-31 550.97 11.40 236.84
2014-09-30 543.51 8.77 234.44
2014-06-30 536.06 6.15 232.05
2014-03-31 530.35 5.21 231.08
2013-12-31 524.64 4.28 230.11
2013-09-30 523.04 2.37 231.52
2013-06-30 521.44 0.47 232.93
2013-03-31 523.59 0.10 234.14
2012-12-31 525.74 -0.27 235.36
2012-09-30 529.32 -0.12 236.87
2012-06-30 532.90 0.03 238.39

*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.
  • Exacompta Clairefontaine has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Exacompta Clairefontaine used its assets less efficiently than the Europe Forestry industry average last year based on Return on Assets.
  • Exacompta Clairefontaine's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Exacompta Clairefontaine'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 Forestry 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.
Exacompta Clairefontaine has a total score of 1/6, 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 Exacompta Clairefontaine'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 Exacompta Clairefontaine's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Exacompta Clairefontaine is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Exacompta Clairefontaine's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Exacompta Clairefontaine'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 3.3x 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 Exacompta Clairefontaine Company Filings, last reported 3 months ago.

ENXTPA:EXAC Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31
2018-09-30 395.58 140.54 90.16
2018-06-30 395.58 140.54 90.16
2018-03-31 395.58 140.54 90.16
2017-12-31 393.90 121.81 136.62
2017-09-30 393.90 121.81 136.62
2017-06-30 388.37 139.92 91.07
2017-03-31 388.37 139.92 91.07
2016-12-31 387.42 89.95 103.35
2016-09-30 387.42 89.95 103.35
2016-06-30 383.14 126.96 68.99
2016-03-31 383.14 126.96 68.99
2015-12-31 379.84 101.85 98.49
2015-09-30 379.84 101.85 98.49
2015-06-30 376.32 121.63 68.66
2015-03-31 376.32 121.63 68.66
2014-12-31 373.86 77.52 70.44
2014-09-30 373.86 77.52 70.44
2014-06-30 369.80 116.98 55.87
2014-03-31 369.80 116.98 55.87
2013-12-31 367.27 61.21 58.31
2013-09-30 367.27 61.21 58.31
2013-06-30 361.93 107.18 58.08
2013-03-31 361.93 107.18 58.08
2012-12-31 364.75 62.97 57.01
2012-09-30 364.75 62.97 57.01
2012-06-30 362.97 106.57 46.54
  • Exacompta Clairefontaine's level of debt (35.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (16.7% vs 35.5% today).
  • Debt is not well covered by operating cash flow (17.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 106.2x coverage).
X
Financial health checks
We assess Exacompta Clairefontaine'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. Exacompta Clairefontaine 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 Exacompta Clairefontaine'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
2.35%
Current annual income from Exacompta Clairefontaine dividends.
If you bought €2,000 of Exacompta Clairefontaine shares you are expected to receive €47 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?
  • Exacompta Clairefontaine's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.54%).
  • Exacompta Clairefontaine's dividend is below the markets top 25% of dividend payers in France (4.4%).
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:EXAC 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 0 Analyst Estimates (S&P Global) See Below
Europe Forestry Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 4.1%
France Market Average Dividend Yield Market Cap Weighted Average of 322 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:EXAC Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-04 2.700 2.358
2018-04-23 2.700 2.300
2018-03-28 2.700 2.418
2017-04-28 2.600 2.128
2016-04-28 2.000 2.000
2016-04-04 2.000 2.868
2015-04-28 1.150 1.637
2015-03-27 1.150 1.433
2014-05-14 0.500 0.789
2014-03-27 0.500 0.638
2013-04-29 0.500 0.967
2013-03-27 0.500 1.134
2012-04-25 1.000 1.905
2012-04-04 1.000 1.531
2011-04-26 1.000 1.446
2011-03-29 1.000 1.296
2010-05-12 1.800 2.245
2009-06-10 1.800 2.153
2009-04-23 2.000 2.858

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Exacompta Clairefontaine's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Exacompta Clairefontaine'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 Exacompta Clairefontaine afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Exacompta Clairefontaine has a total score of 3/6, 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 Exacompta Clairefontaine'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
François Nusse
CEO Bio

Mr. François Nusse serves as Chairman of the Board, Chief Executive Officer and Managing Director of Exacompta Clairefontaine SA. Mr. Nusse serves as the Chairman of the Management Board at Etablissements Charles Nusse SA and Ets Charles Nusse.

CEO Compensation
  • Insufficient data for François to compare compensation growth.
  • Insufficient data for François to establish whether their remuneration is reasonable compared to companies of similar size in France.
Management Team

François Nusse

TITLE
Chairman

Jean-Marie Nusse

TITLE
Head of Financial Reporting and Executive VP - Finance & Administration Division

Jean-Claude Nusse

TITLE
Executive Vice President
Board of Directors

Monique Prissard

TITLE
Director

François Nusse

TITLE
Chairman

Guillaume Nusse

TITLE
Director

Frédéric Nusse

TITLE
Director

Dominique Daridan

TITLE
Director

Jérôme Nusse

TITLE
Director

Charles Nusse

TITLE
Director

Céline Nusse

TITLE
Director

Caroline Valentin

TITLE
Director
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Exacompta Clairefontaine'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. Exacompta Clairefontaine 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

Does Exacompta Clairefontaine S.A.'s (EPA:EXAC) -3.0% Earnings Drop Reflect A Longer Term Trend?

Today I will assess EXAC's recent performance announced on 31 December 2018 and compare these figures to its long-term trend and industry movements. … Despite a decline, did EXAC underperform the long-term trend and the industry. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 9.8%, indicating the rate at which EXAC is growing has slowed down

Simply Wall St -

How Exacompta Clairefontaine S.A. (EPA:EXAC) Can Impact Your Portfolio Volatility

(EPA:EXAC), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

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The Exacompta Clairefontaine Share Price Has Gained 81% And Shareholders Are Hoping For More

One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … Over the last three years, Exacompta Clairefontaine failed to grow earnings per share, which fell 11% (annualized). … The graphic below shows how revenue and earnings have changed as management guided the business forward.

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What To Know Before Buying Exacompta Clairefontaine S.A. (EPA:EXAC) For Its Dividend

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Historically, Exacompta Clairefontaine S.A. … Let's take a look at Exacompta Clairefontaine in more detail.

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What Type Of Shareholder Owns Exacompta Clairefontaine S.A.'s (EPA:EXAC)?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that have been privatized tend to have low insider ownership. … Exacompta Clairefontaine is a smaller company with a market capitalization of €137m, so it may still be flying under the radar of many institutional investors.

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Do You Know What Exacompta Clairefontaine S.A.'s (EPA:EXAC) P/E Ratio Means?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Exacompta Clairefontaine has a price to earnings ratio of 10.76, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

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Why Exacompta Clairefontaine S.A.’s (EPA:EXAC) Return On Capital Employed Looks Uninspiring

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … Analysts use this formula to calculate return on capital employed:

Simply Wall St -

Exacompta Clairefontaine SA (EPA:EXAC): Time For A Financial Health Check

While small-cap stocks, such as Exacompta Clairefontaine SA (EPA:EXAC) with its market cap of €118m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

What Kind Of Share Price Volatility Should You Expect For Exacompta Clairefontaine SA (EPA:EXAC)?

If you're interested in Exacompta Clairefontaine SA (EPA:EXAC), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility).

Simply Wall St -

What To Know Before Buying Exacompta Clairefontaine SA (EPA:EXAC) For Its Dividend

Historically, Exacompta Clairefontaine SA (EPA:EXAC) has paid a dividend to shareholders. … Does Exacompta Clairefontaine tick all the boxes of a great dividend stock? … See our latest analysis for Exacompta Clairefontaine

Simply Wall St -

Company Info

Description

Exacompta Clairefontaine S.A. engages in producing, finishing, and formatting paper in Europe and internationally. It operates through Paper and Processing segments. The company also manufactures and sells stationery, office, and filing items, as well as digital photos. The company is based in Etival Clairefontaine, France. Exacompta Clairefontaine S.A. is a subsidiary of Etablissements Charles Nusse SA.

Details
Name: Exacompta Clairefontaine S.A.
EXAC
Exchange: ENXTPA
Founded:
€130,120,200
1,131,480
Website: http://www.exacomptaclairefontaine.fr
Address: Exacompta Clairefontaine S.A.
19 rue de l’Abbaye,
Etival Clairefontaine,
Lorraine, 88480,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA EXAC Common Stock Euronext Paris FR EUR 01. Oct 1993
LSE 0FOA Common Stock London Stock Exchange GB EUR 01. Oct 1993
Number of employees
Current staff
Staff numbers
3,117
Exacompta Clairefontaine employees.
Industry
Paper Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/17 20:56
End of day share price update: 2019/04/17 00:00
Last earnings filing: 2019/04/04
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.