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HCO

HighENXTPA:HCO Stock Report

Market Cap

€114.2m

7D

-1.8%

1Y

18.1%

Updated

26 Oct, 2021

Data

Company Financials +
HCO fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends5/6

HCO Overview

High Co. SA provides marketing solutions to various retailers and brands worldwide.

Price History & Performance

Summary of all time highs, changes and price drops for High
Historical stock prices
Current Share Price€5.54
52 Week High€4.20
52 Week Low€6.18
Beta1.17
1 Month Change-5.78%
3 Month Change-1.07%
1 Year Change18.12%
3 Year Change19.91%
5 Year Change-11.50%
Change since IPO-2.62%

Recent News & Updates

May 31
High (EPA:HCO) Has More To Do To Multiply In Value Going Forward

High (EPA:HCO) Has More To Do To Multiply In Value Going Forward

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...

Apr 08
Would High Co. SA (EPA:HCO) Be Valuable To Income Investors?

Would High Co. SA (EPA:HCO) Be Valuable To Income Investors?

Today we'll take a closer look at High Co. SA ( EPA:HCO ) from a dividend investor's perspective. Owning a strong...

Mar 27
Here's Why High (EPA:HCO) Can Manage Its Debt Responsibly

Here's Why High (EPA:HCO) Can Manage Its Debt Responsibly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

HCOFR MediaFR Market
7D-1.8%-1.9%1.8%
1Y18.1%-4.8%40.2%

Return vs Industry: HCO exceeded the French Media industry which returned -6.1% over the past year.

Return vs Market: HCO underperformed the French Market which returned 37% over the past year.

Price Volatility

Is HCO's price volatile compared to industry and market?
HCO volatility
HCO Beta1.17
Industry Beta1.11
Market Beta1

Stable Share Price: HCO is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: HCO's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1990578Didier Chabassieuhttps://www.highco.com

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 service design services, SMS and push notifications, mobile apps and websites, and loyalty programs. It also provides data collection and analysis, targeting and personalization drivers, predictive algorithms, and GDPR compliant technologies; and promotion mechanics, multi-channel distribution, logistics and merchandising, and operational management and coupon clearing services.

High Fundamentals Summary

How do High's earnings and revenue compare to its market cap?
HCO fundamental statistics
Market Cap€114.25m
Earnings (TTM)€7.40m
Revenue (TTM)€138.05m

15.4x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HCO income statement (TTM)
Revenue€138.05m
Cost of Revenue€113.47m
Gross Profit€24.57m
Expenses€17.17m
Earnings€7.40m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Jan 19, 2022

Earnings per share (EPS)0.36
Gross Margin17.80%
Net Profit Margin5.36%
Debt/Equity Ratio2.4%

How did HCO perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

76%

Payout Ratio

Valuation

Is High 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: HCO (€5.54) is trading below our estimate of fair value (€29.43)

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 (15.4x) compared to the French Media industry average (13.8x).

PE vs Market: HCO is good value based on its PE Ratio (15.4x) compared to the French market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: HCO is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: HCO is good value based on its PB Ratio (1.2x) compared to the FR Media industry average (1.8x).


Future Growth

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

10.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HCO's forecast earnings growth (10.6% per year) is above the savings rate (0.3%).

Earnings vs Market: HCO's earnings (10.6% per year) are forecast to grow slower than the French market (12.2% 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 (-16.3% per year).

High Growth Revenue: HCO's revenue is forecast to decline over the next 3 years (-16.3% 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 (10.1%).


Past Performance

How has High performed over the past 5 years?

-0.7%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: HCO's current net profit margins (5.4%) are higher than last year (5.1%).


Past Earnings Growth Analysis

Earnings Trend: HCO's earnings have declined by 0.7% per year over the past 5 years.

Accelerating Growth: HCO's earnings growth over the past year (5.7%) exceeds its 5-year average (-0.7% per year).

Earnings vs Industry: HCO earnings growth over the past year (5.7%) underperformed the Media industry 16.8%.


Return on Equity

High ROE: HCO's Return on Equity (9.4%) is considered low.


Financial Health

How is High's financial position?


Financial Position Analysis

Short Term Liabilities: HCO's short term assets (€109.0M) exceed its short term liabilities (€104.9M).

Long Term Liabilities: HCO's short term assets (€109.0M) exceed its long term liabilities (€17.0M).


Debt to Equity History and Analysis

Debt Level: HCO's debt to equity ratio (2.4%) is considered satisfactory.

Reducing Debt: HCO's debt to equity ratio has reduced from 16.9% to 2.4% over the past 5 years.

Debt Coverage: HCO's debt is well covered by operating cash flow (169.3%).

Interest Coverage: HCO's interest payments on its debt are well covered by EBIT (27.8x coverage).


Balance Sheet


Dividend

What is High current dividend yield, its reliability and sustainability?

4.87%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HCO's dividend (4.87%) is higher than the bottom 25% of dividend payers in the French market (1.32%).

High Dividend: HCO's dividend (4.87%) is in the top 25% of dividend payers in the French market (3.92%)


Stability and Growth of Payments

Stable Dividend: HCO's dividend payments have been volatile in the past 10 years.

Growing Dividend: HCO's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (75.8%), HCO's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HCO's dividends in 3 years are forecast to be covered by earnings (62.6% payout ratio).


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Didier Chabassieu (52 yo)

2.58yrs

Tenure

€335,000

Compensation

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 ($USD388.41K) is above average for companies of similar size in the French market ($USD298.29K).

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


Leadership Team

Experienced Management: HCO's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: HCO's board of directors are considered experienced (8.8 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

High Co. SA's employee growth, exchange listings and data sources


Key Information

  • Name: High Co. SA
  • Ticker: HCO
  • Exchange: ENXTPA
  • Founded: 1990
  • Industry: Advertising
  • Sector: Media
  • Market Cap: €114.245m
  • Shares outstanding: 20.62m
  • Website: https://www.highco.com

Number of Employees


Location

  • High Co. SA
  • 365 Avenue ArchimEde
  • CEDEX 3
  • Aix-en-Provence
  • Provence-Alpes-Côte d'Azur
  • 13799
  • France

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 21:16
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.