Groupe IRD (ENXTPA:IRD) - Share price, News & Analysis

IRD fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	4/6
Financial Health	2/6
Dividends	3/6

IRD Stock Overview

Groupe IRD SA is a venture capital and private equity firm specializing in seed, startup, early venture and mid venture investments.

Rewards

PE ratio (4.9x) is below the French market (16.3x)

Earnings grew by 1769.9% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Unstable dividend track record

Large one-off items impacting financial results

Latest financial reports are more than 6 months old

+ 1 more risk

Groupe IRD Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Groupe IRD
Historical stock prices
Current Share Price	€25.20
52 Week High	€26.00
52 Week Low	€23.20
Beta	0.32
1 Month Change	0.78%
3 Month Change	-0.61%
1 Year Change	8.62%
3 Year Change	-7.03%
5 Year Change	28.64%
Change since IPO	82.88%

Recent News & Updates

May 08

We Think You Should Be Aware Of Some Concerning Factors In Groupe IRD's (EPA:IRD) Earnings

The recent earnings posted by Groupe IRD SA ( EPA:IRD ) were solid, but the stock didn't move as much as we expected...

May 07

Does Groupe IRD (EPA:IRD) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

	IRD	FR Real Estate	FR Market
7D	-0.2%	1.5%	5.1%
1Y	8.6%	-9.4%	-2.6%

Return vs Industry: IRD exceeded the French Real Estate industry which returned -10.1% over the past year.

Return vs Market: IRD exceeded the French Market which returned -4.1% over the past year.

Price Volatility

Is IRD's price volatile compared to industry and market?
IRD volatility
IRD Average Weekly Movement	0.9%
Real Estate Industry Average Movement	5.2%
Market Average Movement	6.2%
10% most volatile stocks in FR Market	10.6%
10% least volatile stocks in FR Market	3.6%

Stable Share Price: IRD is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: IRD's weekly volatility (1%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1956	44	Thierry Dujardin	https://www.groupeird.fr

Groupe IRD SA is a venture capital and private equity firm specializing in seed, startup, early venture and mid venture investments. It also specializes in growth capital and buyout transactions. It also provides leasing and commercial loans to small to medium sized companies, based in Arras, Lons-Le-saunnier and the Pas-de-Calais regions, North-west of France.

Groupe IRD Fundamentals Summary

How do Groupe IRD's earnings and revenue compare to its market cap?
IRD fundamental statistics
Market Cap	€72.92m
Earnings (TTM)	€14.90m
Revenue (TTM)	€30.17m

4.9x

P/E Ratio

2.4x

P/S Ratio

Is IRD overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
IRD income statement (TTM)
Revenue	€30.17m
Cost of Revenue	€5.28m
Gross Profit	€24.89m
Other Expenses	€9.99m
Earnings	€14.90m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	5.15
Gross Margin	82.51%
Net Profit Margin	49.40%
Debt/Equity Ratio	61.1%

How did IRD perform over the long term?

See historical performance and comparison

Dividends

4.1%

Current Dividend Yield

20%

Payout Ratio

Valuation

Is Groupe IRD undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

4.89x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: IRD (€25.2) is trading above our estimate of fair value (€16.22)

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

Price To Earnings Ratio

PE vs Industry: IRD is good value based on its PE Ratio (4.9x) compared to the French Real Estate industry average (11.3x).

PE vs Market: IRD is good value based on its PE Ratio (4.9x) compared to the French market (16.3x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: IRD is good value based on its PB Ratio (0.6x) compared to the FR Real Estate industry average (0.9x).

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

-10.9%

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 Groupe IRD 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.

Past Performance

How has Groupe IRD performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

14.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: IRD has a large one-off gain of €4.7M impacting its June 30 2021 financial results.

Growing Profit Margin: IRD's current net profit margins (49.4%) are higher than last year (4.4%).

Past Earnings Growth Analysis

Earnings Trend: IRD's earnings have grown by 14.9% per year over the past 5 years.

Accelerating Growth: IRD's earnings growth over the past year (1769.9%) exceeds its 5-year average (14.9% per year).

Earnings vs Industry: IRD earnings growth over the past year (1769.9%) exceeded the Real Estate industry 15.2%.

Return on Equity

High ROE: IRD's Return on Equity (10.3%) is considered low.

Financial Health

How is Groupe IRD's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: IRD's short term assets (€38.0M) do not cover its short term liabilities (€66.8M).

Long Term Liabilities: IRD's short term assets (€38.0M) do not cover its long term liabilities (€105.7M).

Debt to Equity History and Analysis

Debt Level: IRD's net debt to equity ratio (58.3%) is considered high.

Reducing Debt: IRD's debt to equity ratio has reduced from 64.8% to 61.1% over the past 5 years.

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

Interest Coverage: IRD's interest payments on its debt are well covered by EBIT (9x coverage).

Balance Sheet

Dividend

What is Groupe IRD current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

4.13%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: IRD's dividend (4.13%) is higher than the bottom 25% of dividend payers in the French market (1.69%).

High Dividend: IRD's dividend (4.13%) is low compared to the top 25% of dividend payers in the French market (4.93%).

Stability and Growth of Payments

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

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

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (20.2%), IRD's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Insufficient data to calculate cash payout ratio to determine if its dividend payments are covered by cash flows.

Next Steps

Explore strong dividend paying companies in the Real Estate industry.

Management

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

5.5yrs

Average board tenure

CEO

Thierry Dujardin (59 yo)

4.08yrs

Tenure

€30,000

Compensation

Mr. Thierry Dujardin is Managing Director at Groupe IRD SA since April 17, 2018. He was a Deputy Managing Director at Groupe IRD SA. He serves as the Managing Director at Nord Croissance SAS, SCR and at Gr...

Board Members

Experienced Board: IRD's board of directors are considered experienced (5.5 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/17 00:00
End of Day Share Price	2022/05/17 00:00
Earnings	2021/06/30
Annual Earnings	2020/12/31