High Co. SA provides marketing solutions to various retailers and brands worldwide. More Details
No risks detected for HCO from our risk checks.
Undervalued with excellent balance sheet.
Share Price & News
How has High's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HCO is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: HCO's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: HCO underperformed the French Media industry which returned -13.9% over the past year.
Return vs Market: HCO underperformed the French Market which returned -3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is High's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StCould The High Co. SA (EPA:HCO) Ownership Structure Tell Us Something Useful?
4 weeks ago | Simply Wall StIs High (EPA:HCO) Using Too Much Debt?
1 month ago | Simply Wall StWhat Do The Returns On Capital At High (EPA:HCO) Tell Us?
Is High undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HCO (€4.84) is trading below our estimate of fair value (€10.27)
Significantly Below Fair Value: HCO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HCO is poor value based on its PE Ratio (14.5x) compared to the FR Media industry average (12.2x).
PE vs Market: HCO is good value based on its PE Ratio (14.5x) compared to the French market (21.1x).
Price to Earnings Growth Ratio
PEG Ratio: HCO is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: HCO is good value based on its PB Ratio (1.1x) compared to the FR Media industry average (1.2x).
How is High forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HCO's forecast earnings growth (19.2% per year) is above the savings rate (0.6%).
Earnings vs Market: HCO's earnings (19.2% per year) are forecast to grow slower than the French market (25.3% per year).
High Growth Earnings: HCO's earnings are forecast to grow, but not significantly.
Revenue vs Market: HCO's revenue is expected to decline over the next 3 years (-16.9% per year).
High Growth Revenue: HCO's revenue is forecast to decline over the next 3 years (-16.9% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HCO's Return on Equity is forecast to be low in 3 years time (9.1%).
How has High performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HCO has high quality earnings.
Growing Profit Margin: HCO's current net profit margins (4.3%) are lower than last year (5%).
Past Earnings Growth Analysis
Earnings Trend: HCO's earnings have grown by 9.5% per year over the past 5 years.
Accelerating Growth: HCO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HCO had negative earnings growth (-21.5%) over the past year, making it difficult to compare to the Media industry average (-21.5%).
Return on Equity
High ROE: HCO's Return on Equity (8.5%) is considered low.
How is High's financial position?
Financial Position Analysis
Short Term Liabilities: HCO's short term assets (€158.3M) exceed its short term liabilities (€152.1M).
Long Term Liabilities: HCO's short term assets (€158.3M) exceed its long term liabilities (€24.7M).
Debt to Equity History and Analysis
Debt Level: HCO's debt to equity ratio (36.7%) is considered satisfactory.
Reducing Debt: HCO's debt to equity ratio has increased from 21.5% to 36.7% over the past 5 years.
Debt Coverage: HCO's debt is well covered by operating cash flow (60.5%).
Interest Coverage: HCO's interest payments on its debt are well covered by EBIT (36.1x coverage).
What is High current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HCO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate HCO'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 HCO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HCO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: HCO is not paying a notable dividend for the French market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HCO's dividend in 3 years as they are not forecast to pay a notable one for the French market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Didier Chabassieu (51 yo)
Mr. Didier Chabassieu has been Chairman of the Management Board of High Co. SA since March 21, 2019. Mr. Chabassieu served as Managing Director at High Co. SA since September 13, 2017 until March 21, 2019....
CEO Compensation Analysis
Compensation vs Market: Didier's total compensation ($USD833.43K) is above average for companies of similar size in the French market ($USD267.19K).
Compensation vs Earnings: Didier's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Chairman of the Management Board||1.67yrs||€700.00k||1.31% |
|Director of Marketing & Communication and Member of Management Board||3.17yrs||€221.00k||0.45% |
|Director General & Member of Management Board||3.58yrs||€460.00k||0.40% |
|Founder & Chairman||no data||no data||no data|
|Financial Controller||no data||no data||no data|
|Legal Director||no data||no data||no data|
|Managing Director of Shopper Spain||11.83yrs||no data||no data|
|Head of Development at Communications Division||no data||€121.60k||no data|
|Managing Director of Highco Data-France||no data||no data||no data|
|Managing Director of the Marketing House Espagne||no data||no data||no data|
|Managing Director of Highco Shopper Benelux||no data||no data||no data|
|Managing Director of Shelf Service||no data||no data||no data|
Experienced Management: HCO's management team is considered experienced (3.4 years average tenure).
|President of the Supervisory Board||7.42yrs||€335.00k||0.39% |
|Independent Member of Supervisory Board||8.42yrs||€4.00k||5.48% |
|Independent Vice President of Supervisory Board||14.83yrs||€31.00k||0.043% |
|Representative Member of Supervisory Board||21.08yrs||€2.00k||no data|
|Independent Member of Supervisory Board||7.42yrs||€7.00k||0.000010% |
|Member of Supervisory Board||0.17yr||no data||no data|
Experienced Board: HCO's board of directors are considered experienced (7.9 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
High Co. SA's company bio, employee growth, exchange listings and data sources
- Name: High Co. SA
- Ticker: HCO
- Exchange: ENXTPA
- Founded: 1990
- Industry: Advertising
- Sector: Media
- Market Cap: €101.471m
- Shares outstanding: 20.79m
- Website: https://www.highco.com
Number of Employees
- High Co. SA
- 365 Avenue Archimède
- CEDEX 3
- Provence-Alpes-Côte d'Azur
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HCO||ENXTPA (Euronext Paris)||Yes||Ordinary Shares||FR||EUR||Apr 1996|
|0O9Y||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Apr 1996|
|HCOP||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Apr 1996|
High Co. SA provides marketing solutions to various retailers and brands worldwide. The company offers brand platform, communication strategy, social media engagement, and media strategy services; and serv...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/26 19:40|
|End of Day Share Price||2020/11/26 00:00|
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.