ENXTPA:ACAN

Stock Analysis Report

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Acanthe Développement

Executive Summary

ACANTHE DEVELOPPEMENT is a European and property company eligible for French SIIC (real estate investment company) tax status. More Details


Snowflake Analysis

Adequate balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ACAN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

6.4%

ACAN

3.9%

FR REITs

0.4%

FR Market


1 Year Return

-13.2%

ACAN

-35.4%

FR REITs

-6.0%

FR Market

Return vs Industry: ACAN exceeded the French REITs industry which returned -38.2% over the past year.

Return vs Market: ACAN underperformed the French Market which returned -8.5% over the past year.


Shareholder returns

ACANIndustryMarket
7 Day6.4%3.9%0.4%
30 Day-0.2%-7.1%-1.8%
90 Day0.5%-15.8%-3.2%
1 Year-13.2%-13.2%-30.9%-35.4%-3.9%-6.0%
3 Year2.4%-43.6%-23.2%-35.7%4.1%-5.0%
5 Year286.7%-3.6%-3.7%-28.0%34.4%14.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

5.03x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ACAN (€0.43) is trading above our estimate of fair value (€0.3)

Significantly Below Fair Value: ACAN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ACAN is good value based on its PE Ratio (5x) compared to the FR REITs industry average (7.2x).

PE vs Market: ACAN is good value based on its PE Ratio (5x) compared to the French market (17x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ACAN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ACAN is good value based on its PB Ratio (0.4x) compared to the FR REITs industry average (0.6x).


Next Steps

Future Growth

How is Acanthe Développement forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

28.4%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Acanthe Développement has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Acanthe Développement performed over the past 5 years?

-38.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ACAN has a large one-off gain of €755.0K impacting its June 30 2020 financial results.

Growing Profit Margin: ACAN's current net profit margins (12.8%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: ACAN's earnings have declined by 38.5% per year over the past 5 years.

Accelerating Growth: ACAN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ACAN had negative earnings growth (-96.3%) over the past year, making it difficult to compare to the REITs industry average (5.7%).


Return on Equity

High ROE: ACAN's Return on Equity (0.5%) is considered low.


Next Steps

Financial Health

How is Acanthe Développement's financial position?


Financial Position Analysis

Short Term Liabilities: ACAN's short term assets (€14.4M) exceed its short term liabilities (€9.6M).

Long Term Liabilities: ACAN's short term assets (€14.4M) do not cover its long term liabilities (€41.6M).


Debt to Equity History and Analysis

Debt Level: ACAN's debt to equity ratio (7.4%) is considered satisfactory.

Reducing Debt: ACAN's debt to equity ratio has reduced from 41.3% to 7.4% over the past 5 years.

Debt Coverage: ACAN's debt is well covered by operating cash flow (33.6%).

Interest Coverage: ACAN's interest payments on its debt are not well covered by EBIT (1x coverage).


Balance Sheet


Next Steps

Dividend

What is Acanthe Développement current dividend yield, its reliability and sustainability?

2.10%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ACAN's dividend (2.1%) is higher than the bottom 25% of dividend payers in the French market (1.54%).

High Dividend: ACAN's dividend (2.1%) is low compared to the top 25% of dividend payers in the French market (5.22%).


Stability and Growth of Payments

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

Growing Dividend: ACAN's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.8%), ACAN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

5.4yrs

Average board tenure


CEO

Ludovic Dauphin

1.92yrs

Tenure

€289,481

Compensation

Mr. Ludovic Dauphin has been the Chief Executive Officer and Managing Director at Acanthe Développement since October 19, 2018. Mr. Dauphin serves as a Director of FIPP S.A. since December 21, 2018. He was ...


CEO Compensation Analysis

Compensation vs Market: Ludovic's total compensation ($USD339.93K) is about average for companies of similar size in the French market ($USD310.02K).

Compensation vs Earnings: Insufficient data to compare Ludovic's compensation with company performance.


Board Members

NamePositionTenureCompensationOwnership
Alain Edgard Dumenil
Chairman & Director Generalno datano data0.64%
€ 394.2k
Laurence Dumenil
Director3.5yrs€45.00kno data
Jean Fournier
Independent Director5.42yrs€10.00kno data
Valerie Gimond-Dumenil
Director6.33yrs€45.00kno data

5.4yrs

Average Tenure

Experienced Board: ACAN's board of directors are considered experienced (5.4 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

Acanthe Développement's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Acanthe Développement
  • Ticker: ACAN
  • Exchange: ENXTPA
  • Founded:
  • Industry: Office REITs
  • Sector: Real Estate
  • Market Cap: €61.351m
  • Shares outstanding: 147.13m
  • Website: https://www.acanthedeveloppement.fr

Number of Employees


Location

  • Acanthe Développement
  • 2 rue de Bassano
  • Paris
  • Ile-de-France
  • 75116
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACANENXTPA (Euronext Paris)YesOrdinary SharesFREURSep 1992
ADXDB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 1992
0DYLLSE (London Stock Exchange)YesOrdinary SharesGBEURSep 1992
ACANPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURSep 1992

Biography

ACANTHE DEVELOPPEMENT is a European and property company eligible for French SIIC (real estate investment company) tax status. More than 94.99% of its properties are located in the privileged districts of ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/30 20:52
End of Day Share Price2020/09/30 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.