ENXTPA:ALSAS

Stock Analysis Report

Stradim Espace Finances

Executive Summary

Stradim Espace Finances SA develops real estate properties in France.

Rewards

PE ratio (9.6x) is below the French market (18.1x)

Risk Analysis

Debt is not well covered by operating cash flow

High level of non-cash earnings

Does not have a meaningful market cap (€24M)



Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

How has Stradim Espace Finances's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

ALSAS

2.4%

FR Real Estate

0.4%

FR Market


1 Year Return

-3.4%

ALSAS

8.9%

FR Real Estate

23.3%

FR Market

Return vs Industry: ALSAS underperformed the French Real Estate industry which returned 10.7% over the past year.

Return vs Market: ALSAS underperformed the French Market which returned 24.9% over the past year.


Shareholder returns

ALSASIndustryMarket
7 Day0%2.4%0.4%
30 Day-0.7%2.5%1.3%
90 Day0.7%4.3%7.8%
1 Year-0.4%-3.4%13.3%8.9%27.6%23.3%
3 Year29.2%19.9%34.1%19.6%44.3%30.6%
5 Year149.7%118.8%101.3%71.6%63.2%39.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Stradim Espace Finances undervalued compared to its fair value and its price relative to the market?

9.64x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ALSAS's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ALSAS's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ALSAS is good value based on its PE Ratio (9.6x) compared to the Real Estate industry average (13x).

PE vs Market: ALSAS is good value based on its PE Ratio (9.6x) compared to the French market (18.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ALSAS is good value based on its PB Ratio (1x) compared to the FR Real Estate industry average (1x).


Next Steps

Future Growth

How is Stradim Espace Finances forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-6.7%

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 Stradim Espace Finances 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 Stradim Espace Finances performed over the past 5 years?

21.9%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: ALSAS's current net profit margins (3.1%) are lower than last year (3.4%).


Past Earnings Growth Analysis

Earnings Trend: ALSAS's earnings have grown significantly by 21.9% per year over the past 5 years.

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

Earnings vs Industry: ALSAS had negative earnings growth (-2.8%) over the past year, making it difficult to compare to the Real Estate industry average (-0.8%).


Return on Equity

High ROE: ALSAS's Return on Equity (11%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Stradim Espace Finances's financial position?


Financial Position Analysis

Short Term Liabilities: ALSAS's short term assets (€175.2M) exceed its short term liabilities (€99.2M).

Long Term Liabilities: ALSAS's short term assets (€175.2M) exceed its long term liabilities (€56.0M).


Debt to Equity History and Analysis

Debt Level: ALSAS's debt to equity ratio (240.1%) is considered high.

Reducing Debt: ALSAS's debt to equity ratio has increased from 200.4% to 240.1% over the past 5 years.

Debt Coverage: ALSAS's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: ALSAS's interest payments on its debt are well covered by EBIT (22x coverage).


Balance Sheet

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

Debt Coverage by Assets: ALSAS's debt is covered by short term assets (assets are 3.2x debt).


Next Steps

Dividend

What is Stradim Espace Finances's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%4.4%industryaverage5.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate ALSAS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ALSAS's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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


Next Steps

Management

What is the CEO of Stradim Espace Finances's salary, the management and board of directors tenure and is there insider trading?


CEO

Francis Ebel 0

0yrs

Tenure

0

Mr. Francis Ebel serves as Chief Executive Officer and Director at Stradim Espace Finance SA. Mr. Ebel served as Co-Chief Executive Officer of Stradim Espace Finance. 


Insider Trading

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.


Management Team

  • Francis Ebel

    CEO & Director

    • Alexandre Ahuir

      Chief Financial Officer and Director


      Board Members

      • Rémi Hagenbach

        Chairman of the Board

        • Francis Ebel

          CEO & Director

          • Alexandre Ahuir

            Chief Financial Officer and Director

            • F. Hagenbach

              Director

              • C. Hagenbach

                Director

                Company Information

                Stradim Espace Finances SA's company bio, employee growth, exchange listings and data sources


                Key Information

                • Name: Stradim Espace Finances SA
                • Ticker: ALSAS
                • Exchange: ENXTPA
                • Founded: 1990
                • Industry: Real Estate Development
                • Sector: Real Estate
                • Market Cap: €24.078m
                • Shares outstanding: 3.44m
                • Website: https://www.stradim.fr

                Number of Employees


                Location

                • Stradim Espace Finances SA
                • Aéroparc Strasbourg
                • 3 rue Pégase
                • Entzheim
                • Alsace
                • 67960
                • France

                Listings

                TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
                ALSASENXTPA (Euronext Paris)YesSocial SharesFREURFeb 2000

                Biography

                Stradim Espace Finances SA develops real estate properties in France. The company develops and sells apartments. It also provides real estate leasing, real estate transaction, leasing management, and other services. It is also involved in outfitting professional spaces. The company was founded in 1990 and is headquartered in Entzheim, France. Stradim Espace Finances SA is a subsidiary of AST Groupe. 


                Company Analysis and Financial Data Status

                All financial data provided by Standard & Poor's Capital IQ.
                DataLast Updated (UTC time)
                Company Analysis2020/01/21 20:33
                End of Day Share Price2020/01/14 00:00
                Earnings2019/06/30
                Annual Earnings2018/12/31


                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.