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PSB Industries

ENXTPA:PSB
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PSB
ENXTPA
€120M
Market Cap
  1. Home
  2. FR
  3. Materials
Company description

PSB Industries manufactures and sells packaging and specialty chemical products in France and internationally. The last earnings update was 40 days ago. More info.


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PSB Share Price and Events
7 Day Returns
-1.8%
ENXTPA:PSB
0.5%
FR Packaging
1.3%
FR Market
1 Year Returns
-28.8%
ENXTPA:PSB
-12.6%
FR Packaging
3.6%
FR Market
PSB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PSB Industries (PSB) -1.8% -1.8% -0.9% -28.8% -27.9% -20.7%
FR Packaging 0.5% 3.1% -0.1% -12.6% 30% 111%
FR Market 1.3% 3.8% 14.3% 3.6% 28.9% 33.6%
1 Year Return vs Industry and Market
  • PSB underperformed the Packaging industry which returned -12.6% over the past year.
  • PSB underperformed the Market in France which returned 3.6% over the past year.
Price Volatility
PSB
Industry
5yr Volatility vs Market
Related Companies

PSB Value

 Is PSB Industries 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 PSB Industries 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 PSB Industries.

ENXTPA:PSB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
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:PSB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
Packaging Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.865 (1 + (1- 33%) (56.29%))
1.128
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (1.128 * 6.65%)
8.24%

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

The calculations below outline how an intrinsic value for PSB Industries 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:PSB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.24%)
2019 2.10 Analyst x2 1.94
2020 1.60 Analyst x2 1.37
2021 0.90 Analyst x1 0.71
2022 0.55 Est @ -39.01% 0.40
2023 0.40 Est @ -27.08% 0.27
2024 0.33 Est @ -18.74% 0.20
2025 0.28 Est @ -12.9% 0.16
2026 0.26 Est @ -8.81% 0.14
2027 0.24 Est @ -5.95% 0.12
2028 0.23 Est @ -3.94% 0.11
Present value of next 10 years cash flows €5.41
ENXTPA:PSB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €0.23 × (1 + 0.73%) ÷ (8.24% – 0.73%)
€3.13
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €3.13 ÷ (1 + 8.24%)10
€1.42
ENXTPA:PSB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €5.41 + €1.42
€6.83
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €6.83 / 3.65
€1.87
ENXTPA:PSB Discount to Share Price
Calculation Result
Value per share (EUR) From above. €1.87
Current discount Discount to share price of €32.90
= -1 x (€32.90 - €1.87) / €1.87
-1658.3%

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

  • The current share price of PSB Industries 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 PSB Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PSB Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:PSB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €1.48
ENXTPA:PSB Share Price ** ENXTPA (2019-04-18) in EUR €32.9
France Packaging Industry PE Ratio Median Figure of 7 Publicly-Listed Packaging Companies 22.19x
France Market PE Ratio Median Figure of 418 Publicly-Listed Companies 16.34x

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

** Primary Listing of PSB Industries.

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

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

= 32.9 ÷ 1.48

22.19x

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

  • PSB Industries is good value based on earnings compared to the FR Packaging industry average.
  • PSB Industries is overvalued based on earnings compared to the France market.
Price based on expected Growth
Does PSB Industries's expected growth come at a high price?
Raw Data
ENXTPA:PSB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
15.7%per year
Europe Packaging Industry PEG Ratio Median Figure of 17 Publicly-Listed Packaging Companies 1.72x
France Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.19x ÷ 15.7%

1.42x

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

  • PSB Industries is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on PSB Industries's assets?
Raw Data
ENXTPA:PSB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €43.74
ENXTPA:PSB Share Price * ENXTPA (2019-04-18) in EUR €32.9
France Packaging Industry PB Ratio Median Figure of 7 Publicly-Listed Packaging Companies 2.67x
France Market PB Ratio Median Figure of 619 Publicly-Listed Companies 1.49x
ENXTPA:PSB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 32.9 ÷ 43.74

0.75x

* Primary Listing of PSB Industries.

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

  • PSB Industries is good value based on assets compared to the FR Packaging industry average.
X
Value checks
We assess PSB Industries'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 Packaging 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 Packaging industry average (and greater than 0)? (1 check)
  5. PSB Industries has a total score of 2/6, 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.

PSB Future Performance

 How is PSB Industries expected to perform in the next 1 to 3 years based on estimates from 3 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
15.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PSB Industries expected to grow at an attractive rate?
  • PSB Industries's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • PSB Industries's earnings growth is expected to exceed the France market average.
  • PSB Industries's revenue growth is positive but not above the France market average.
Annual Growth Rates Comparison
Raw Data
ENXTPA:PSB Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:PSB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 15.7%
ENXTPA:PSB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 1%
France Packaging Industry Earnings Growth Rate Market Cap Weighted Average 14%
Europe Packaging Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
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:PSB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:PSB Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 284 9 1
2020-12-31 281 23 8 3
2019-12-31 276 21 7 3
ENXTPA:PSB Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 276 31 5
2018-09-30 280 36 4
2018-06-30 375 41 9
2018-03-31 377 40 10
2017-12-31 286 39 4
2017-09-30 320 45 9
2017-06-30 354 50 14
2017-03-31 366 46 15
2016-12-31 377 43 15
2016-09-30 366 37 16
2016-06-30 355 30 17
2016-03-31 342 35 19

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PSB Industries's earnings are expected to grow by 15.7% yearly, however this is not considered high growth (20% yearly).
  • PSB Industries's revenue is expected to grow by 1% 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:PSB 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 3 Analyst Estimates (S&P Global) See Below

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

ENXTPA:PSB Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.43 2.43 2.43 1.00
2020-12-31 2.08 2.30 1.69 3.00
2019-12-31 1.85 2.16 1.50 3.00
ENXTPA:PSB Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 1.48
2018-09-30 1.16
2018-06-30 2.55
2018-03-31 2.67
2017-12-31 1.09
2017-09-30 2.50
2017-06-30 3.92
2017-03-31 3.99
2016-12-31 4.07
2016-09-30 4.38
2016-06-30 4.68
2016-03-31 5.18

*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.
  • PSB Industries is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess PSB Industries'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 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.
PSB Industries has a total score of 2/6, 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.

PSB Past Performance

  How has PSB Industries 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 PSB Industries's growth in the last year to its industry (Packaging).
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.
  • PSB Industries's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • PSB Industries's 1-year earnings growth exceeds its 5-year average (37.4% vs -13%)
  • PSB Industries's earnings growth has exceeded the FR Packaging industry average in the past year (37.4% vs 1.4%).
Earnings and Revenue History
PSB Industries'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 PSB Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:PSB Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 275.96 5.45 25.91 1.31
2018-09-30 279.54 4.27 26.12 1.30
2018-06-30 375.33 9.32 37.22 3.92
2018-03-31 376.89 9.76 37.42 3.96
2017-12-31 286.25 3.97 26.75 1.38
2017-09-30 320.36 9.13 31.85 2.72
2017-06-30 354.48 14.28 36.94 4.05
2017-03-31 365.71 14.57 39.70 3.92
2016-12-31 376.95 14.86 42.45 3.80
2016-09-30 365.79 16.00 41.87 4.36
2016-06-30 354.62 17.14 41.29 4.93
2016-03-31 341.97 18.95 40.87 5.67
2015-12-31 329.32 20.76 40.45 6.42
2015-09-30 314.27 20.09 38.27 5.93
2015-06-30 299.23 19.42 36.09 5.45
2015-03-31 280.60 16.66 33.03 4.98
2014-12-31 261.97 13.91 29.98 4.51
2014-09-30 256.39 12.78 29.61 4.40
2014-06-30 250.81 11.66 29.23 4.28
2014-03-31 253.90 12.13 29.22 4.37
2013-12-31 256.99 12.61 29.20 4.45
2013-09-30 257.97 12.01 29.59 4.35
2013-06-30 258.96 11.42 29.98 4.25
2013-03-31 253.52 10.79 29.59 4.08
2012-12-31 248.09 10.16 29.20 3.91
2012-09-30 245.76 9.41 28.72 3.85
2012-06-30 243.43 8.65 28.23 3.79

*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.
  • PSB Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • PSB Industries used its assets less efficiently than the FR Packaging industry average last year based on Return on Assets.
  • PSB Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess PSB Industries'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 Packaging 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.
PSB Industries has a total score of 2/6, 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.

PSB Health

 How is PSB Industries'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 PSB Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PSB Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PSB Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of PSB Industries'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 2.7x 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 PSB Industries Company Filings, last reported 3 months ago.

ENXTPA:PSB Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 159.70 67.63 79.11
2018-09-30 159.70 67.63 79.11
2018-06-30 194.33 97.75 95.09
2018-03-31 194.33 97.75 95.09
2017-12-31 136.08 111.61 30.39
2017-09-30 136.08 111.61 30.39
2017-06-30 137.10 101.52 15.50
2017-03-31 137.10 101.52 15.50
2016-12-31 135.69 119.86 23.06
2016-09-30 135.69 119.86 23.06
2016-06-30 127.11 133.13 14.57
2016-03-31 127.11 133.13 14.57
2015-12-31 128.91 99.33 17.44
2015-09-30 128.91 99.33 17.44
2015-06-30 119.18 113.05 16.44
2015-03-31 119.18 113.05 16.44
2014-12-31 109.69 81.12 12.15
2014-09-30 109.69 81.12 12.15
2014-06-30 101.24 71.42 9.39
2014-03-31 101.24 71.42 9.39
2013-12-31 97.78 75.94 10.28
2013-09-30 97.78 75.94 10.28
2013-06-30 94.49 91.98 10.39
2013-03-31 94.49 91.98 10.39
2012-12-31 89.56 101.02 8.23
2012-09-30 89.56 101.02 8.23
2012-06-30 88.42 103.36 9.83
  • PSB Industries's level of debt (42.3%) 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 (77.6% vs 42.3% today).
  • Debt is well covered by operating cash flow (45.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.2x coverage).
X
Financial health checks
We assess PSB Industries'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. PSB Industries has a total score of 5/6, 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.

PSB Dividends

 What is PSB Industries'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
15.2%
Current annual income from PSB Industries dividends. Estimated to be 2.68% next year.
If you bought €2,000 of PSB Industries shares you are expected to receive €304 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?
  • PSB Industries's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.56%).
  • PSB Industries's dividend is above the markets top 25% of dividend payers in France (4.36%).
Upcoming dividend payment

Purchase PSB Industries 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:PSB 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 3 Analyst Estimates (S&P Global) See Below
Europe Packaging Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 3.2%
France Market Average Dividend Yield Market Cap Weighted Average of 324 Stocks 2.9%
France Minimum Threshold Dividend Yield 10th Percentile 0.9%
France Bottom 25% Dividend Yield 25th Percentile 1.6%
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:PSB Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.97 1.00
2020-12-31 0.91 2.00
2019-12-31 0.81 2.00
ENXTPA:PSB Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-12 5.000 15.105
2018-03-06 1.250 2.886
2018-03-05 1.250 2.688
2017-02-24 1.800 3.668
2016-03-15 2.000 4.258
2015-04-10 1.600 3.197
2014-02-17 1.350 3.268
2014-02-13 1.350 3.579
2013-03-19 1.200 4.249
2012-03-13 1.550 6.398
2012-03-12 1.400 5.835
2011-03-16 1.450 5.707
2011-03-15 1.450 5.749
2011-01-12 1.300 4.808
2010-03-31 1.000 4.208
2010-03-10 1.000 5.316
2009-04-22 1.150 7.112

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 PSB Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess PSB Industries'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 PSB Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PSB Industries 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.

PSB Management

 What is the CEO of PSB Industries'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-Xavier Entremont
COMPENSATION €249,993
AGE 46
CEO Bio

Mr. François-Xavier Entremont serves as the Chief Executive Officer and Chairman of SAGIR. Mr. Entremont is a Joint Managing Partner of MB Investissement. He serves as Interim President of Luxury & Beauty Business Unit (TEXEN) of PSB Industries. Mr. Entremont has been a Group Chief Executive Officer of PSB Industries since August 02, 2017 and has been its Director since 2010.

CEO Compensation
  • François-Xavier's compensation has increased by more than 20% in the past year.
  • François-Xavier's remuneration is higher than average for companies of similar size in France.
Management Team Tenure

Average tenure of the PSB Industries management team in years:

1.3
Average Tenure
  • The average tenure for the PSB Industries management team is less than 2 years, this suggests a new team.
Management Team

François-Xavier Entremont

TITLE
President
COMPENSATION
€250K
AGE
46

Edouard Ravinet

TITLE
Financial Director
TENURE
0.3 yrs

Fabien Blanchet

TITLE
Group HR Director
TENURE
1.3 yrs

Rémi Weidenmann

TITLE
Executive Director
AGE
42
TENURE
1.3 yrs

Thierry Twembeke

TITLE
Managing Director of the Healthcare & Industry Business Unit - PLASTIBELL
TENURE
1.3 yrs

Ludovic Anceau

TITLE
Managing Director of the Luxury & Beauty Business Unit (TEXEN)
Board of Directors Tenure

Average tenure and age of the PSB Industries board of directors in years:

4.3
Average Tenure
49
Average Age
  • The tenure for the PSB Industries board of directors is about average.
Board of Directors

Rémi Weidenmann

TITLE
Executive Director
AGE
42
TENURE
1.3 yrs

Gérard Séguret

TITLE
Director
COMPENSATION
€22K
AGE
70

François-Xavier Entremont

TITLE
President
COMPENSATION
€250K
AGE
46
TENURE
9.3 yrs

Claire Fosse

TITLE
Director
COMPENSATION
€19K
AGE
54

Roger Rosnoblet

TITLE
Non-Voting Director
COMPENSATION
€5K
AGE
77
TENURE
4.3 yrs

Jacques Entremont

TITLE
Non-Voting Director
AGE
78
TENURE
4.3 yrs

Stéphane Rosnoblet

TITLE
Director
COMPENSATION
€13K
AGE
49
TENURE
9.3 yrs

Jean Guittard

TITLE
Director
COMPENSATION
€20K
TENURE
2.1 yrs

Cyril de Mont-Marin

TITLE
Director
COMPENSATION
€14K
AGE
46

Carine Salvy

TITLE
Director
COMPENSATION
€24K
AGE
44
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 PSB Industries'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. PSB Industries 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.

PSB News

Simply Wall St News

Have Investors Priced In PSB Industries's (EPA:PSB) Growth?

Growth expectations for PSB Industries (EPA:PSB) are high, but many investors are starting to ask whether its last close at €32.9 can still be rationalized by the future potential. … See our latest analysis for PSB Industries? … What can we expect from PSB Industries in the future.

Simply Wall St -

PSB Industries (EPA:PSB) Shares Have Generated A Total Return Of 20% In The Last Year

PSB Industries (EPA:PSB) shareholders should be happy to see the share price up 10% in the last month. … Even though the PSB Industries share price is down over the year, its EPS actually improved. … The divergence between the EPS and the share price is quite notable, during the year.

Simply Wall St -

At €32.70, Is It Time To Put PSB Industries (EPA:PSB) On Your Watch List?

Less-covered, small caps sees more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing? … So, could the stock still be trading at a low price relative to its actual value. … Let’s take a look at PSB Industries’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

Is PSB Industries's (EPA:PSB) CEO Being Overpaid?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does François-Xavier Entremont's Compensation Compare With Similar Sized Companies. … According to our data, PSB Industries has a market capitalization of €126m, and pays its CEO total annual compensation worth €250k.

Simply Wall St -

Does The PSB Industries (EPA:PSB) Share Price Fall With The Market?

In finance, Beta is a measure of volatility. … Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility).

Simply Wall St -

Is PSB Industries's (EPA:PSB) Balance Sheet A Threat To Its Future?

PSB Industries (EPA:PSB) is a small-cap stock with a market capitalization of €112m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is

Simply Wall St -

What Type Of Shareholder Owns PSB Industries's (EPA:PSB)?

Generally speaking, as a company grows, institutions will increase their ownership. … Conversely, insiders often decrease their ownership over time. … PSB Industries is a smaller company with a market capitalization of €116m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Should PSB Industries (EPA:PSB) Be Part Of Your Portfolio?

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

Simply Wall St -

Should You Be Holding PSB Industries (EPA:PSB)?

I've been keeping an eye on PSB Industries (EPA:PSB) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe PSB has a lot to offer. … company with a

Simply Wall St -

Here’s why PSB Industries’s (EPA:PSB) Returns On Capital Matters So Much

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

PSB Company Info

Description

PSB Industries manufactures and sells packaging and specialty chemical products in France and internationally. The company develops, industrializes, and produces plastic packaging products, including caps and closures, mascaras, lip glosses, jars, compacts, high-end surface treatments, etc. for the beauty and spirit markets; and provides plastic packaging solutions to the food and retail markets, such as food trays, blister packs, thermoformed packaging, and clamshells. It also offers plastic packages as primary and secondary parts comprising technical parts, bioabsorbable screws, catheters, orthopedic joints, closures, blister packs, trays, wedging materials, etc. for the healthcare and hygiene markets; and produces ultra-pure alumina powders and formulations, as well as other fine oxides and composites, such as spinel, ZTA, YAG, and ceria for technical ceramics, precision polishing, crystals, and additives/coatings applications. PSB Industries was founded in 1904 and is headquartered in Metz-Tessy, France.

Details
Name: PSB Industries
PSB
Exchange: ENXTPA
Founded: 1904
€120,135,172
3,651,525
Website: http://www.psbindus.com
Address: PSB Industries
Route de la bouvarde,
Park Nord Immeuble Les Pléiades n°21,
Metz-Tessy,
Rhône-Alpes, 74370,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA PSB Ordinary Shares Euronext Paris FR EUR 02. Jan 1992
LSE 0IIA Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE PSBP Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
1,854
PSB Industries employees.
Industry
Metal and Glass Containers
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 20:36
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/12
Last earnings filing: 2019/03/12
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.