ENXTPA:ALFOC

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Focus Home Interactive Société anonyme

Executive Summary

Focus Home Interactive Société Anonyme publishes and distributes games worldwide. More Details


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

How has Focus Home Interactive Société anonyme's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

6.1%

ALFOC

-1.1%

FR Entertainment

1.1%

FR Market


1 Year Return

85.8%

ALFOC

-4.2%

FR Entertainment

-2.6%

FR Market

Return vs Industry: ALFOC exceeded the French Entertainment industry which returned -4.8% over the past year.

Return vs Market: ALFOC exceeded the French Market which returned -3% over the past year.


Shareholder returns

ALFOCIndustryMarket
7 Day6.1%-1.1%1.1%
30 Day8.3%0.7%15.2%
90 Day25.1%6.6%11.6%
1 Year85.8%85.8%-2.2%-4.2%-0.6%-2.6%
3 Year51.5%44.3%-21.3%-24.2%16.8%7.1%
5 Year93.4%77.0%47.9%28.3%48.9%28.7%

Long-Term Price Volatility Vs. Market

How volatile is Focus Home Interactive Société anonyme's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Focus Home Interactive Société anonyme undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ALFOC (€43.3) is trading below our estimate of fair value (€108.31)

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


Price To Earnings Ratio

PE vs Industry: ALFOC is good value based on its PE Ratio (17.6x) compared to the FR Entertainment industry average (37.1x).

PE vs Market: ALFOC is good value based on its PE Ratio (17.6x) compared to the French market (21.1x).


Price to Earnings Growth Ratio

PEG Ratio: ALFOC is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: ALFOC is overvalued based on its PB Ratio (4.2x) compared to the FR Entertainment industry average (2x).


Next Steps

Future Growth

How is Focus Home Interactive Société anonyme forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

18.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALFOC's forecast earnings growth (18.2% per year) is above the savings rate (0.6%).

Earnings vs Market: ALFOC's earnings (18.2% per year) are forecast to grow slower than the French market (25.3% per year).

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

Revenue vs Market: ALFOC's revenue (16.2% per year) is forecast to grow faster than the French market (7.3% per year).

High Growth Revenue: ALFOC's revenue (16.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ALFOC's Return on Equity is forecast to be high in 3 years time (21.4%)


Next Steps

Past Performance

How has Focus Home Interactive Société anonyme performed over the past 5 years?

24.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALFOC has a high level of non-cash earnings.

Growing Profit Margin: ALFOC's current net profit margins (9.1%) are higher than last year (6.3%).


Past Earnings Growth Analysis

Earnings Trend: ALFOC's earnings have grown significantly by 24.1% per year over the past 5 years.

Accelerating Growth: ALFOC's earnings growth over the past year (62.9%) exceeds its 5-year average (24.1% per year).

Earnings vs Industry: ALFOC earnings growth over the past year (62.9%) exceeded the Entertainment industry 9.7%.


Return on Equity

High ROE: ALFOC's Return on Equity (23.9%) is considered high.


Next Steps

Financial Health

How is Focus Home Interactive Société anonyme's financial position?


Financial Position Analysis

Short Term Liabilities: ALFOC's short term assets (€88.8M) exceed its short term liabilities (€34.1M).

Long Term Liabilities: ALFOC's short term assets (€88.8M) exceed its long term liabilities (€1.0M).


Debt to Equity History and Analysis

Debt Level: ALFOC's debt to equity ratio (3%) is considered satisfactory.

Reducing Debt: ALFOC's debt to equity ratio has reduced from 24.9% to 3% over the past 5 years.

Debt Coverage: ALFOC's debt is well covered by operating cash flow (142.9%).

Interest Coverage: ALFOC's interest payments on its debt are well covered by EBIT (686.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Focus Home Interactive Société anonyme current dividend yield, its reliability and sustainability?

1.09%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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


Next Steps

  • Explore strong dividend paying companies in the Media industry.

Management

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

1.6yrs

Average management tenure


CEO

Christophe Nobileau

0.083

Tenure

Mr. Christophe Nobileau serves as Member of Management Board at Focus Home Interactive SA (formerly known as Focus Home Interactive Société anonyme) since September 24, 2020 and served as its Managing Dire...


Leadership Team

NamePositionTenureCompensationOwnership
Christophe Nobileau
CEO & Chairman of Management Board0.083yrno datano data
Jean-François Busnel
CFO & Member of Management Board0.75yrno datano data
John Bert
COO & Member of the Management Boardno datano datano data
Luc Héninger
Member of the Management Board & Chief Product Officer4.83yrsno datano data
Thomas Barrau
Member of the Management Board & CMO2.42yrsno datano data

1.6yrs

Average Tenure

Experienced Management: ALFOC's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Denis Thébaud
Member of Supervisory Boardno data€19.00kno data
Fabrice Larue
President of the Supervisory Board0.83yrno datano data
Tanguy Franclieu
Member of Supervisory Board0.83yrno datano data
Tiphanie Lamy
Member of Supervisory Board0.17yrno datano data

0.8yrs

Average Tenure

Experienced Board: ALFOC's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


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

Focus Home Interactive Société anonyme's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Focus Home Interactive Société anonyme
  • Ticker: ALFOC
  • Exchange: ENXTPA
  • Founded: 1996
  • Industry: Interactive Home Entertainment
  • Sector: Media
  • Market Cap: €227.189m
  • Shares outstanding: 5.32m
  • Website: https://www.focus-home.com

Number of Employees


Location

  • Focus Home Interactive Société anonyme
  • Parc Pont de Flandre
  • Le Beauvaisis
  • Paris
  • Ile-de-France
  • 75019
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALFOCENXTPA (Euronext Paris)YesOrdinary SharesFREURFeb 2015
0HFDB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 2015

Biography

Focus Home Interactive Société Anonyme publishes and distributes games worldwide. It offers games for various platforms and consoles, such as PS4, XBOX ONE, PS3, XBOX 360, MAC, NINTENDO DS/3DS, PS VITA/PSP...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 19:22
End of Day Share Price2020/11/26 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.