Société Centrale des Bois et des Scieries de la Manche
Market Cap
€85.3m
Last Updated
2020/09/30 21:49 UTC
Data Sources
Company Financials
Executive Summary
Societe Centrale des Bois et Scieries de la Manche engages in the ownership, management, and lease of real estate properties in France. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with proven track record.
Share Price & News
How has Société Centrale des Bois et des Scieries de la Manche's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CBSM has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.7%
CBSM
3.9%
FR REITs
0.4%
FR Market
1 Year Return
-14.7%
CBSM
-35.4%
FR REITs
-6.0%
FR Market
Return vs Industry: CBSM exceeded the French REITs industry which returned -38.2% over the past year.
Return vs Market: CBSM underperformed the French Market which returned -8.5% over the past year.
Shareholder returns
| CBSM | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.7% | 3.9% | 0.4% |
| 30 Day | -8.2% | -7.1% | -1.8% |
| 90 Day | -10.7% | -15.8% | -3.2% |
| 1 Year | -14.7%-14.7% | -30.9%-35.4% | -3.9%-6.0% |
| 3 Year | -3.7%-6.4% | -23.2%-35.7% | 4.1%-5.0% |
| 5 Year | 24.8%17.5% | -3.7%-28.0% | 34.4%14.4% |
Price Volatility Vs. Market
How volatile is Société Centrale des Bois et des Scieries de la Manche's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
Did You Miss Société Centrale des Bois et des Scieries de la Manche's (EPA:CBSM) 36% Share Price Gain?Valuation
Is Société Centrale des Bois et des Scieries de la Manche undervalued compared to its fair value and its price relative to the market?
41.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CBSM (€6.7) is trading below our estimate of fair value (€11.4)
Significantly Below Fair Value: CBSM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CBSM is good value based on its PE Ratio (4.6x) compared to the FR REITs industry average (7.2x).
PE vs Market: CBSM is good value based on its PE Ratio (4.6x) compared to the French market (17x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CBSM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CBSM is good value based on its PB Ratio (0.5x) compared to the FR REITs industry average (0.6x).
Next Steps
Future Growth
How is Société Centrale des Bois et des Scieries de la Manche 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 Société Centrale des Bois et des Scieries de la Manche 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
- Examine whether Société Centrale des Bois et des Scieries de la Manche is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Société Centrale des Bois et des Scieries de la Manche competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
Past Performance
How has Société Centrale des Bois et des Scieries de la Manche performed over the past 5 years?
16.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CBSM has a large one-off gain of €22.3M impacting its December 31 2019 financial results.
Growing Profit Margin: CBSM's current net profit margins are higher than last year (68.4%).
Past Earnings Growth Analysis
Earnings Trend: CBSM's earnings have grown by 16.3% per year over the past 5 years.
Accelerating Growth: CBSM's earnings growth over the past year (56.8%) exceeds its 5-year average (16.3% per year).
Earnings vs Industry: CBSM earnings growth over the past year (56.8%) exceeded the REITs industry 5.7%.
Return on Equity
High ROE: CBSM's Return on Equity (10.9%) is considered low.
Next Steps
Financial Health
How is Société Centrale des Bois et des Scieries de la Manche's financial position?
Financial Position Analysis
Short Term Liabilities: CBSM's short term assets (€11.8M) do not cover its short term liabilities (€23.0M).
Long Term Liabilities: CBSM's short term assets (€11.8M) do not cover its long term liabilities (€176.1M).
Debt to Equity History and Analysis
Debt Level: CBSM's debt to equity ratio (89.8%) is considered high.
Reducing Debt: CBSM's debt to equity ratio has reduced from 165.1% to 89.8% over the past 5 years.
Debt Coverage: CBSM's debt is not well covered by operating cash flow (6.7%).
Interest Coverage: CBSM's interest payments on its debt are not well covered by EBIT (1.8x coverage).
Balance Sheet
Next Steps
Dividend
What is Société Centrale des Bois et des Scieries de la Manche current dividend yield, its reliability and sustainability?
1.49%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CBSM's dividend (1.49%) isn’t notable compared to the bottom 25% of dividend payers in the French market (1.54%).
High Dividend: CBSM's dividend (1.49%) is low compared to the top 25% of dividend payers in the French market (5.22%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, CBSM has been paying a dividend for less than 10 years.
Growing Dividend: CBSM's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (12.2%), CBSM's dividend payments are thoroughly 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?
11.3yrs
Average board tenure
CEO
Jacques Lacroix
14.92yrs
Tenure
€293,600
Compensation
Mr. Jacques Lacroix has been Chairman and Chief Executive Officer at Societe Centrale des Bois et Scieries de la Manche SA. since December 23, 2009 and October 3, 2005 respectively.
CEO Compensation Analysis
Compensation vs Market: Jacques's total compensation ($USD0.00) is below average for companies of similar size in the French market ($USD310.02K).
Compensation vs Earnings: Jacques's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 14.92yrs | €293.60k | 1.97% € 1.7m | |
| Director | 14.92yrs | €2.00k | no data | |
| Director | 11.75yrs | €2.00k | no data | |
| Director | 6.92yrs | €2.00k | no data |
11.3yrs
Average Tenure
Experienced Board: CBSM's board of directors are seasoned and experienced ( 11.3 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 been diluted in the past year, with total shares outstanding growing by 3.7%.
Top Shareholders
Company Information
Société Centrale des Bois et des Scieries de la Manche S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Société Centrale des Bois et des Scieries de la Manche S.A.
- Ticker: CBSM
- Exchange: ENXTPA
- Founded:
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: €85.330m
- Shares outstanding: 12.74m
- Website: https://www.scbsm.fr
Number of Employees
Location
- Société Centrale des Bois et des Scieries de la Manche S.A.
- 12 rue Godot de Mauroy
- Paris
- Ile-de-France
- 75009
- France
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CBSM | ENXTPA (Euronext Paris) | Yes | Common Stock | FR | EUR | Jul 2000 |
| 0IK0 | LSE (London Stock Exchange) | Yes | Common Stock | GB | EUR | Jul 2000 |
| CBSMP | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Stock | GB | EUR | Jul 2000 |
Biography
Societe Centrale des Bois et Scieries de la Manche engages in the ownership, management, and lease of real estate properties in France. It leases offices, business properties, mixed activity locations, and ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/30 21:49 |
| End of Day Share Price | 2020/09/30 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/06/30 |
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.