ENXTPA:LNC

Stock Analysis Report

Les Nouveaux Constructeurs

Executive Summary

Les Nouveaux Constructeurs SA operates as a real-estate development company primarily in France, Germany, and Spain.

Snowflake

Fundamentals

Solid track record established dividend payer.


Similar Companies

Share Price & News

How has Les Nouveaux Constructeurs's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.6%

LNC

0.6%

FR Real Estate

-0.4%

FR Market


1 Year Return

0%

LNC

-1.1%

FR Real Estate

9.5%

FR Market

Return vs Industry: LNC exceeded the French Real Estate industry which returned -1.1% over the past year.

Return vs Market: LNC underperformed the French Market which returned 9.5% over the past year.


Shareholder returns

LNCIndustryMarket
7 Day-2.6%0.6%-0.4%
30 Day-17.8%-0.3%-0.6%
90 Day0.2%6.4%0.04%
1 Year6.5%0%2.7%-1.1%13.3%9.5%
3 Year41.4%20.1%34.2%20.0%42.5%28.7%
5 Year345.1%254.5%137.4%99.3%71.0%45.0%

Price Volatility Vs. Market

How volatile is Les Nouveaux Constructeurs's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Les Nouveaux Constructeurs undervalued compared to its fair value and its price relative to the market?

6.64x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: LNC (€41.9) is trading above our estimate of fair value (€35.7)

Significantly Undervalued: LNC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: LNC is good value based on its PE Ratio (6.6x) compared to the Real Estate industry average (11.4x).

PE vs Market: LNC is good value based on its PE Ratio (6.6x) compared to the French market (17.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: LNC is overvalued based on its PB Ratio (1.5x) compared to the FR Real Estate industry average (1x).


Next Steps

Future Growth

How is Les Nouveaux Constructeurs forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-10.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LNC's earnings are forecast to decline over the next 3 years (-10.3% per year).

Earnings vs Market: LNC's earnings are forecast to decline over the next 3 years (-10.3% per year).

High Growth Earnings: LNC's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if LNC's revenue is forecast to grow faster than the French market.

High Growth Revenue: Insufficient data to determine if LNC's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if LNC's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Les Nouveaux Constructeurs performed over the past 5 years?

27.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: LNC's earnings have grown significantly by 27.6% per year over the past 5 years.

Accelerating Growth: LNC's earnings growth over the past year (14%) is below its 5-year average (27.6% per year).

Earnings vs Industry: LNC earnings growth over the past year (14%) exceeded the Real Estate industry -0.4%.


Return on Equity

High ROE: LNC's Return on Equity (23.6%) is considered high.


Return on Assets

ROA vs Industry: LNC has a higher Return on Assets than the Real Estate industry average last year.


Return on Capital Employed

ROCE Improving: LNC has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Les Nouveaux Constructeurs's financial position?


Financial Position Analysis

Short Term Liabilities: LNC's short term assets (€1.0B) exceeds its short term liabilities (€582.7M)

Long Term Liabilities: LNC's short term assets (1.0B) exceeds its long term liabilities (177.7M)


Debt to Equity History and Analysis

Debt Level: LNC's debt to equity ratio (73%) is considered high

Reducing Debt: LNC's debt to equity ratio has increased from 55.6% to 73% over the past 5 years.

Debt Coverage: LNC's debt is well covered by operating cash flow (24.3%).

Interest Coverage: LNC's interest payments on its debt are well covered by EBIT (67.2x coverage).


Balance Sheet

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

Debt Coverage by Assets: LNC's debt is covered by short term assets (assets are 3.137480x debt).


Next Steps

Dividend

What is Les Nouveaux Constructeurs's current dividend yield, its reliability and sustainability?

5.97%

Current Dividend Yield


Dividend Yield vs Market

company6.0%marketbottom25%1.6%markettop25%4.7%industryaverage5.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: LNC's dividend (5.97%) is higher than the bottom 25% of dividend payers in the French market (1.56%).

High Dividend: LNC's dividend (5.97%) is in the top 25% of dividend payers in the French market (4.72%)

Stable Dividend: LNC's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (39.6%), LNC'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

What is the CEO of Les Nouveaux Constructeurs's salary, the management and board of directors tenure and is there insider trading?

8.8yrs

Average management tenure


CEO

Fabrice Desrez 0

8.8yrs

Tenure

€624,205

Compensation

Mr. Fabrice Desrez serves as the Chief Executive Officer and Chief Operating Officer at Les Nouveaux Constructeurs Société Anonyme and is its Member of Management Board since 1 January 2008. 


CEO Compensation Analysis

Compensation vs. Market: Fabrice's total compensation ($USD695.34K) is about average for companies of similar size in the French market ($USD673.45K).

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


Management Age and Tenure

8.8yrs

Average Tenure

Experienced Management: LNC's management team is seasoned and experienced (8.8 years average tenure).


Board Age and Tenure

4.9yrs

Average Tenure

Experienced Board: LNC's board of directors are considered experienced (4.9 years average tenure).


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


Management Team

  • Olivier Mitterrand (76yo)

    Founder & Chairman of Supervisory Board

    • Tenure: 6.4yrs
    • Compensation: €296.90k
  • Moïse Mitterrand

    Chairman of the Management Board

    • Tenure: 6.4yrs
    • Compensation: €662.06k
  • Olivier Sartral

    Executive Vice President of Human Resource

    • Tenure: 0yrs
  • Fabrice Desrez

    CEO, COO & Member of Management Board

    • Tenure: 8.8yrs
    • Compensation: €624.21k
  • Jean Tavernier

    VP & Member of Management Board

    • Tenure: 0yrs
  • Ronan Arzel

    Member of Management Board

    • Tenure: 8.8yrs
    • Compensation: €530.11k
  • Paul-Antoine Lecocq (49yo)

    Deputy CFO & Member of Management Board

    • Tenure: 0yrs
    • Compensation: €408.53k
  • Marie Mitterrand-Martin

    Head of Communication & Member of The Supervisory Board

    • Tenure: 6.4yrs
    • Compensation: €35.45k
  • Emmanuel Thomas

    Managing Director

    • Tenure: 0yrs
  • Francisco Lizarraga

    Managing Director

    • Tenure: 0yrs

Board Members

  • Olivier Mitterrand (76yo)

    Founder & Chairman of Supervisory Board

    • Tenure: 6.4yrs
    • Compensation: €296.90k
  • Patrick Bertin (69yo)

    • Tenure: 1.4yrs
  • Marie Mitterrand-Martin

    Head of Communication & Member of The Supervisory Board

    • Tenure: 6.4yrs
    • Compensation: €35.45k
  • Genevière Vaudelin-Martin

    Vice Chairman of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €89.84k
  • Fabrice Paget-Domet

    Member of the Supervisory Board

    • Tenure: 3.4yrs
    • Compensation: €12.00k

Company Information

Les Nouveaux Constructeurs SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Les Nouveaux Constructeurs SA
  • Ticker: LNC
  • Exchange: ENXTPA
  • Founded: 1972
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: €671.758m
  • Shares outstanding: 16.03m
  • Website: https://www.lesnouveauxconstructeurs.fr

Number of Employees


Location

  • Les Nouveaux Constructeurs SA
  • 50 route de la Reine
  • Nanterre
  • Boulogne-Billancourt
  • Ile-de-France
  • 92100
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LNCENXTPA (Euronext Paris)YesCommon StockFREURNov 2006
LNCPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURNov 2006

Biography

Les Nouveaux Constructeurs SA operates as a real-estate development company primarily in France, Germany, and Spain. The company offers homes and apartments, offices, and detached houses. The company was f ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 20:56
End of Day Share Price2019/10/18 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.