Kumulus Vape (ENXTPA:ALVAP) - Share price, News & Analysis

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

ALVAP Stock Overview

Kumulus Vape S.A., an e-trader, sells vaping products and related products in France.

Rewards

Earnings have grown 53.7% per year over the past 5 years

Risk Analysis

Shareholders have been diluted in the past year

Does not have a meaningful market cap (€30M)

Kumulus Vape Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Kumulus Vape
Historical stock prices
Current Share Price	€10.50
52 Week High	€15.40
52 Week Low	€8.50
Beta	2.19
1 Month Change	-8.70%
3 Month Change	-12.50%
1 Year Change	-30.00%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	395.28%

Recent News & Updates

Jan 05

Kumulus Vape's (EPA:ALVAP) Returns On Capital Not Reflecting Well On The Business

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...

Shareholder Returns

	ALVAP	FR Online Retail	FR Market
7D	-2.3%	-1.2%	-1.3%
1Y	-30.0%	-32.5%	-5.4%

Return vs Industry: ALVAP exceeded the French Online Retail industry which returned -32.3% over the past year.

Return vs Market: ALVAP underperformed the French Market which returned -5.4% over the past year.

Price Volatility

Is ALVAP's price volatile compared to industry and market?
ALVAP volatility
ALVAP Average Weekly Movement	5.5%
Online Retail Industry Average Movement	7.1%
Market Average Movement	6.1%
10% most volatile stocks in FR Market	10.4%
10% least volatile stocks in FR Market	3.6%

Stable Share Price: ALVAP is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: ALVAP's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2012	48	Rémi Baert	https://www.kumulusvape.fr

Kumulus Vape S.A., an e-trader, sells vaping products and related products in France. It operates two sales platforms, such as kumulusvape.fr and kmls.fr. The company offers equipment, including electronic cigarettes, boxes and batteries, bottom feeders, and pods, as well as clearomizers, resistors, tanks, drippers, and pod cartridges; e-liquids; and accessories, such as drip tips, resistive wires, cottons, resistors, tools, batteries, battery chargers, cables, covers and storage products, derivatives, and other parts under the MYTHIK, MEXICAN, MASTER DIY, KING SIZE, WE ARE VAPE, and RELIGION JUICE brands.

Kumulus Vape Fundamentals Summary

How do Kumulus Vape's earnings and revenue compare to its market cap?
ALVAP fundamental statistics
Market Cap	€29.90m
Earnings (TTM)	€1.33m
Revenue (TTM)	€34.60m

22.4x

P/E Ratio

0.9x

P/S Ratio

Is ALVAP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALVAP income statement (TTM)
Revenue	€34.60m
Cost of Revenue	€32.33m
Gross Profit	€2.27m
Other Expenses	€935.70k
Earnings	€1.33m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.47
Gross Margin	6.56%
Net Profit Margin	3.85%
Debt/Equity Ratio	3.5%

How did ALVAP perform over the long term?

See historical performance and comparison

Valuation

Is Kumulus Vape undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

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

22.42x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ALVAP's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ALVAP's fair value for valuation analysis.

Price To Earnings Ratio

PE vs Industry: ALVAP is poor value based on its PE Ratio (22.4x) compared to the French Online Retail industry average (12.8x).

PE vs Market: ALVAP is poor value based on its PE Ratio (22.4x) compared to the French market (16.4x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: ALVAP is overvalued based on its PB Ratio (3.2x) compared to the FR Online Retail industry average (1x).

Future Growth

How is Kumulus Vape 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

22.4%

Forecasted Retail 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 Kumulus Vape 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 Kumulus Vape 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

53.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ALVAP has high quality earnings.

Growing Profit Margin: ALVAP's current net profit margins (3.9%) are higher than last year (3.7%).

Past Earnings Growth Analysis

Earnings Trend: ALVAP's earnings have grown significantly by 53.7% per year over the past 5 years.

Accelerating Growth: ALVAP's earnings growth over the past year (61.5%) exceeds its 5-year average (53.7% per year).

Earnings vs Industry: ALVAP earnings growth over the past year (61.5%) underperformed the Online Retail industry 61.5%.

Return on Equity

High ROE: ALVAP's Return on Equity (14.4%) is considered low.

Financial Health

How is Kumulus Vape's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

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

Financial Position Analysis

Short Term Liabilities: ALVAP's short term assets (€11.9M) exceed its short term liabilities (€3.0M).

Long Term Liabilities: ALVAP's short term assets (€11.9M) exceed its long term liabilities (€101.0K).

Debt to Equity History and Analysis

Debt Level: ALVAP has more cash than its total debt.

Reducing Debt: Insufficient data to determine if ALVAP's debt to equity ratio has reduced over the past 5 years.

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

Interest Coverage: ALVAP's interest payments on its debt are well covered by EBIT (821.1x coverage).

Balance Sheet

Dividend

What is Kumulus Vape current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

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

Dividend Yield vs Market

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

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

Stability and Growth of Payments

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

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

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ALVAP has not reported any payouts.

Discover strong dividend paying companies

Management

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

CEO

Rémi Baert (37 yo)

no data

Tenure

Mr. Rémi Baert serves as Founder, Chairman of the Board and Chief Executive Officer at Kumulus Vape S.A.

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 14.8%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/21 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31