ENXTPA:PSB

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

PSB Industries manufactures and sells packaging and specialty chemical products in France, rest of Europe, the United States, Asia, and internationally. More Details


Snowflake Analysis

Adequate balance sheet with moderate growth potential.

Share Price & News

How has PSB Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0.3%

PSB

-5.2%

FR Packaging

-5.5%

FR Market


1 Year Return

-25.6%

PSB

-13.3%

FR Packaging

-13.9%

FR Market

Return vs Industry: PSB underperformed the French Packaging industry which returned -11.5% over the past year.

Return vs Market: PSB underperformed the French Market which returned -14.4% over the past year.


Shareholder returns

PSBIndustryMarket
7 Day0.3%-5.2%-5.5%
30 Day-3.8%-3.4%-4.0%
90 Day2.7%-17.6%-2.0%
1 Year-25.6%-25.6%-11.3%-13.3%-12.0%-13.9%
3 Year-38.4%-67.8%-19.8%-25.5%-2.1%-10.6%
5 Year-41.1%-71.5%22.9%8.9%22.1%4.0%

Price Volatility Vs. Market

How volatile is PSB Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

0.43x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: PSB (€14.8) is trading above our estimate of fair value (€2.51)

Significantly Below Fair Value: PSB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PSB is unprofitable, so we can't compare its PE Ratio to the FR Packaging industry average.

PE vs Market: PSB is unprofitable, so we can't compare its PE Ratio to the French market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PSB is good value based on its PB Ratio (0.4x) compared to the FR Packaging industry average (1.5x).


Next Steps

Future Growth

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

109.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PSB is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.6%).

Earnings vs Market: PSB is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PSB's is expected to become profitable in the next 3 years.

Revenue vs Market: PSB's revenue (4% per year) is forecast to grow slower than the French market (6.8% per year).

High Growth Revenue: PSB's revenue (4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PSB's Return on Equity is forecast to be low in 3 years time (1.8%).


Next Steps

  • Explore growth companies in the Materials industry.

Past Performance

How has PSB Industries performed over the past 5 years?

-52.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PSB is currently unprofitable.

Growing Profit Margin: PSB is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PSB is unprofitable, and losses have increased over the past 5 years at a rate of 52% per year.

Accelerating Growth: Unable to compare PSB's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PSB is unprofitable, making it difficult to compare its past year earnings growth to the Packaging industry (15.4%).


Return on Equity

High ROE: PSB has a negative Return on Equity (-16.85%), as it is currently unprofitable.


Next Steps

Financial Health

How is PSB Industries's financial position?


Financial Position Analysis

Short Term Liabilities: PSB's short term assets (€173.1M) exceed its short term liabilities (€116.6M).

Long Term Liabilities: PSB's short term assets (€173.1M) exceed its long term liabilities (€35.9M).


Debt to Equity History and Analysis

Debt Level: PSB's debt to equity ratio (67.4%) is considered high.

Reducing Debt: PSB's debt to equity ratio has reduced from 91.5% to 67.4% over the past 5 years.

Debt Coverage: PSB's debt is well covered by operating cash flow (32%).

Interest Coverage: Insufficient data to determine if PSB's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is PSB Industries's current dividend yield, its reliability and sustainability?

1.09%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate PSB'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 PSB's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: PSB is not paying a notable dividend for the French market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PSB's dividend in 3 years as they are not forecast to pay a notable one for the French market.


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

François-Xavier Entremont (48 yo)

no data

Tenure

€239,561

Compensation

Mr. François-Xavier Entremont serves as Chairman of the Board at Baikowski Société anonyme (formerly known as Baikowski SAS) and its Director since November 26, 2018. He serves as the Chief Executive Offic ...


CEO Compensation Analysis

Compensation vs Market: François-Xavier's total compensation ($USD0.00) is below average for companies of similar size in the French market ($USD312.72K).

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


Leadership Team

NamePositionTenureCompensationOwnership
François-Xavier Entremont
Chairmanno data€239.56k0.54%
€ 292.9k
Edouard Ravinet
Financial Director1.83yrsno datano data
Fabien Blanchet
Group HR Director2.75yrsno datano data
Thierry Twembeke
Managing Director of the Healthcare & Industry Business Unit - PLASTIBELL2.75yrsno datano data
Ludovic Anceau
Managing Director of the Luxury & Beauty Business Unit (TEXEN)no datano datano data

2.8yrs

Average Tenure

Experienced Management: PSB's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
François-Xavier Entremont
Chairmanno data€239.56k0.54%
€ 292.9k
Jacques Entremont
Non-Voting Director6.75yrsno data1.24%
€ 671.3k
Roger Rosnoblet
Non-Voting Director6.75yrs€5.00kno data
Carine Salvy
Independent Director6.75yrs€15.50kno data
Cyril de Mont-Marin
Independent Directorno data€14.00kno data
Stéphane Rosnoblet
Director10.75yrs€17.00kno data
Jean Guittard
Director3.58yrs€22.75kno data
Gérard Séguret
Independent Directorno data€26.50kno data
Claire Fosse
Independent Directorno data€20.50kno data
Sonia Sikorav
Independent Director3.5yrs€25.00kno data
Lisa Benazech
Director3.5yrs€15.50kno data
Romain Poirier
Employee Director2.75yrsno datano data

5.2yrs

Average Tenure

53.5yo

Average Age

Experienced Board: PSB's board of directors are considered experienced (5.2 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

PSB Industries's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PSB Industries
  • Ticker: PSB
  • Exchange: ENXTPA
  • Founded: 1904
  • Industry: Metal and Glass Containers
  • Sector: Materials
  • Market Cap: €54.205m
  • Shares outstanding: 3.59m
  • Website: https://www.psbindus.com

Number of Employees


Location

  • PSB Industries
  • Route de la Bouvarde
  • Park Nord Immeuble Les Pléiades n°21
  • Metz-Tessy
  • Rhône-Alpes
  • 74370
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PSBENXTPA (Euronext Paris)YesOrdinary SharesFREURJan 1992
PSBPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
0IIALSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992

Biography

PSB Industries manufactures and sells packaging and specialty chemical products in France, rest of Europe, the United States, Asia, and internationally. The company develops, industrializes, and produces p ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/29 22:02
End of Day Share Price2020/10/29 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.