ENXTPA:SBT

Stock Analysis Report

Executive Summary

Oeneo SA operates in the wine industry worldwide.


Snowflake Analysis

Proven track record with adequate balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SBT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.8%

SBT

-2.1%

FR Packaging

7.1%

FR Market


1 Year Return

6.5%

SBT

-22.9%

FR Packaging

-17.6%

FR Market

Return vs Industry: SBT exceeded the French Packaging industry which returned -22.1% over the past year.

Return vs Market: SBT exceeded the French Market which returned -12.9% over the past year.


Shareholder returns

SBTIndustryMarket
7 Day-0.8%-2.1%7.1%
30 Day-22.6%-25.6%-22.3%
90 Day-26.6%-25.4%-25.9%
1 Year8.0%6.5%-21.2%-22.9%-14.8%-17.6%
3 Year21.9%16.6%-19.4%-26.2%0.07%-9.2%
5 Year102.8%87.6%24.9%9.2%9.7%-5.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

27.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SBT (€10.02) is trading below our estimate of fair value (€13.76)

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


Price To Earnings Ratio

PE vs Industry: SBT is poor value based on its PE Ratio (21.1x) compared to the Packaging industry average (9.6x).

PE vs Market: SBT is poor value based on its PE Ratio (21.1x) compared to the French market (13.5x).


Price to Earnings Growth Ratio

PEG Ratio: SBT is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: SBT is overvalued based on its PB Ratio (2.4x) compared to the FR Packaging industry average (0.6x).


Next Steps

Future Growth

How is Oeneo forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

15.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SBT's forecast earnings growth (15.8% per year) is above the savings rate (-0.1%).

Earnings vs Market: SBT's earnings (15.8% per year) are forecast to grow faster than the French market (12.5% per year).

High Growth Earnings: SBT's earnings are forecast to grow, but not significantly.

Revenue vs Market: SBT's revenue (5.6% per year) is forecast to grow faster than the French market (3.8% per year).

High Growth Revenue: SBT's revenue (5.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SBT's Return on Equity is forecast to be low in 3 years time (11.7%).


Next Steps

Past Performance

How has Oeneo performed over the past 5 years?

8.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SBT has high quality earnings.

Growing Profit Margin: SBT's current net profit margins (10.9%) are higher than last year (10.5%).


Past Earnings Growth Analysis

Earnings Trend: SBT's earnings have grown by 8.1% per year over the past 5 years.

Accelerating Growth: SBT's earnings growth over the past year (15%) exceeds its 5-year average (8.1% per year).

Earnings vs Industry: SBT earnings growth over the past year (15%) underperformed the Packaging industry 15%.


Return on Equity

High ROE: SBT's Return on Equity (11.2%) is considered low.


Next Steps

Financial Health

How is Oeneo's financial position?


Financial Position Analysis

Short Term Liabilities: SBT's short term assets (€265.6M) exceed its short term liabilities (€123.9M).

Long Term Liabilities: SBT's short term assets (€265.6M) exceed its long term liabilities (€52.6M).


Debt to Equity History and Analysis

Debt Level: SBT's debt to equity ratio (35.7%) is considered satisfactory.

Reducing Debt: SBT's debt to equity ratio has increased from 17.7% to 35.7% over the past 5 years.

Debt Coverage: SBT's debt is not well covered by operating cash flow (13.5%).

Interest Coverage: SBT's interest payments on its debt are well covered by EBIT (43x coverage).


Balance Sheet

Inventory Level: SBT has a high level of physical assets or inventory.

Debt Coverage by Assets: SBT's debt is covered by short term assets (assets are 2.7x debt).


Next Steps

Dividend

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

1.50%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SBT's dividend (1.5%) isn’t notable compared to the bottom 25% of dividend payers in the French market (2.01%).

High Dividend: SBT's dividend (1.5%) is low compared to the top 25% of dividend payers in the French market (6.17%).


Stability and Growth of Payments

Stable Dividend: SBT has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SBT's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.5%), SBT's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SBT's dividends in 3 years are forecast to be well covered by earnings (32.7% payout ratio).


Next Steps

Management

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

8.2yrs

Average board tenure


CEO

Nicolas Dubreuil (42yo)

3.42s

Tenure

€475,938

Compensation

Mr. Nicolas Hériard Dubreuil is Group Managing Director at Oeneo SA since February 2020. Mr. Dubreuil had been Group Chief Executive Officer of Oeneo SA since October 01, 2016. Mr. Dubreuil is responsible  ...


CEO Compensation Analysis

Compensation vs Market: Nicolas's total compensation ($USD527.71K) is below average for companies of similar size in the French market ($USD798.40K).

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


Board Members

NamePositionTenureCompensationOwnership
Dominique Tourneix
MD of Diam Bouchage SAS & Chairman of Piedadeno datano datano data
Hervé Claquin
Chairman of the Board2.67yrs€110.00k0.35% 2.3m
Marc Dubreuil
Director18.17yrs€15.30k0.0040% 26.2k
François Dubreuil
Director18.17yrs€15.30k0.0040% 26.0k
Thierry Paternot
Independent Director10.17yrs€34.57k0.11% 696.6k
Gisèle Durand
Director8.17yrs€75.19k0.11% 709.1k
Véronique Sanders
Independent Director7.17yrs€15.30k0.0011% 7.0k
Jacques Herail
Independent Director11.17yrs€23.38k0.000010% 64.9
Marie-Amélie Jacquet
Vice Chairman3.67yrs€18.16k0.000010% 64.9
Vivien Dubreuil
Director4.25yrs€15.30k0.000010% 64.9

8.2yrs

Average Tenure

70.5yo

Average Age

Experienced Board: SBT's board of directors are considered experienced (8.2 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.


Top Shareholders

Company Information

Oeneo SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Oeneo SA
  • Ticker: SBT
  • Exchange: ENXTPA
  • Founded:
  • Industry: Metal and Glass Containers
  • Sector: Materials
  • Market Cap: €648.828m
  • Shares outstanding: 64.75m
  • Website: https://www.oeneo.com

Number of Employees


Location

  • Oeneo SA
  • 16 Quai Louis XVIII
  • Bordeaux
  • Aquitaine
  • 33000
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SBTENXTPA (Euronext Paris)YesOrdinary SharesFREURMar 1994
0O33LSE (London Stock Exchange)YesOrdinary SharesGBEURMar 1994
O64BST (Boerse-Stuttgart)YesOrdinary SharesDEEURMar 1994
SBTPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURMar 1994

Biography

Oeneo SA operates in the wine industry worldwide. It operates through two divisions, Closures and Winemaking. The Closures division manufactures and sells cork closures, including value-added technological closures under the Diam and Pietec names. The Winemaking division provides solutions in winemaking and spirits under the Seguin Moreau, Boisé, Millet, Fine Northern Oak, and Galileo names. It is also involved in developing solutions for the wine industry. The company also offers solutions in the production, maturing, preservation, and enhancement of wines or spirits. Oeneo SA is headquartered in Bordeaux, France. Oeneo SA is a subsidiary of Caspar.  


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/27 20:45
End of Day Share Price2020/03/27 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.