ENXTPA:ALVU

Stock Analysis Report

Executive Summary

Vente-Unique.com SA sells furniture, decoration products, and home equipment through online in France and Europe.

Rewards

Trading at 22.8% below its fair value

Revenue is forecast to grow 8.43% per year

Risk Analysis

High level of non-cash earnings

Unstable dividend track record

Highly volatile share price over past 3 months

Profit margins (2.7%) are lower than last year (4.3%)

+ 2 more risks


Snowflake Analysis

Flawless balance sheet second-rate dividend payer.

Share Price & News

How has Vente-Unique.com's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ALVU's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.5%

ALVU

1.0%

FR Online Retail

1.5%

FR Market


1 Year Return

-17.6%

ALVU

-4.4%

FR Online Retail

24.1%

FR Market

Return vs Industry: ALVU underperformed the French Online Retail industry which returned -8.9% over the past year.

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


Shareholder returns

ALVUIndustryMarket
7 Day-2.5%1.0%1.5%
30 Day-1.5%5.9%3.3%
90 Day39.5%11.4%8.9%
1 Year-14.9%-17.6%-2.7%-4.4%28.5%24.1%
3 Yearn/a-63.5%-65.2%45.3%31.4%
5 Yearn/a83.3%76.6%65.3%41.2%

Price Volatility Vs. Market

How volatile is Vente-Unique.com's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Vente-Unique.com undervalued compared to its fair value and its price relative to the market?

17.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ALVU (€4.36) is trading below our estimate of fair value (€5.64)

Significantly Below Fair Value: ALVU is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ALVU is poor value based on its PE Ratio (17.1x) compared to the Online Retail industry average (13x).

PE vs Market: ALVU is poor value based on its PE Ratio (18.1x) compared to the French market (18x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ALVU is overvalued based on its PB Ratio (3x) compared to the FR Online Retail industry average (1.1x).


Next Steps

Future Growth

How is Vente-Unique.com forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

8.4%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ALVU's forecast earnings growth is above the savings rate (-0.1%).

Earnings vs Market: Insufficient data to determine if ALVU's earnings are forecast to grow faster than the French market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ALVU's revenue (8.4% per year) is forecast to grow faster than the French market (4.7% per year).

High Growth Revenue: ALVU's revenue (8.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Vente-Unique.com performed over the past 5 years?

2.1%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: ALVU's current net profit margins (2.7%) are lower than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: ALVU's earnings have grown by 2.1% per year over the past 5 years.

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

Earnings vs Industry: ALVU had negative earnings growth (-30.3%) over the past year, making it difficult to compare to the Online Retail industry average (-6.1%).


Return on Equity

High ROE: ALVU's Return on Equity (18.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Vente-Unique.com's financial position?


Financial Position Analysis

Short Term Liabilities: ALVU's short term assets (€35.6M) exceed its short term liabilities (€24.3M).

Long Term Liabilities: ALVU's short term assets (€35.6M) exceed its long term liabilities (€1.3M).


Debt to Equity History and Analysis

Debt Level: ALVU's debt to equity ratio (6.6%) is considered satisfactory.

Reducing Debt: ALVU's debt to equity ratio has reduced from 48.6% to 6.6% over the past 5 years.

Debt Coverage: ALVU's debt is well covered by operating cash flow (82%).

Interest Coverage: ALVU's interest payments on its debt are well covered by EBIT (38.1x coverage).


Balance Sheet

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

Debt Coverage by Assets: ALVU's debt is covered by short term assets (assets are 39.2x debt).


Next Steps

Dividend

What is Vente-Unique.com's current dividend yield, its reliability and sustainability?

3.19%

Current Dividend Yield


Dividend Yield vs Market

company3.2%marketbottom25%1.5%markettop25%4.4%industryaverage3.5%forecastin3Years5.1%

Current dividend yield vs market & industry

Notable Dividend: ALVU's dividend (3.44%) is higher than the bottom 25% of dividend payers in the French market (1.46%).

High Dividend: ALVU's dividend (3.44%) is low compared to the top 25% of dividend payers in the French market (4.43%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether ALVU's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if ALVU's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (58.9%), ALVU's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ALVU's dividends in 3 years are forecast to be well covered by earnings (48% payout ratio).


Next Steps

Management

What is the CEO of Vente-Unique.com's salary, the management and board of directors tenure and is there insider trading?

5.7yrs

Average board tenure


CEO

Vente-Unique.com has no CEO, or we have no data on them.


Board Age and Tenure

5.7yrs

Average Tenure

41yo

Average Age

Experienced Board: ALVU's board of directors are considered experienced (5.7 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

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.5%.


Management Team

  • Sacha Vigna (41yo)

    GM & Director

    • Tenure: 5.7yrs

Board Members

  • Hervé Giaoui (66yo)

    Chairman of the Board

    • Tenure: 5.7yrs
  • Guy-Alain Germon (58yo)

    Director

    • Tenure: 5.7yrs
  • Sacha Vigna (41yo)

    GM & Director

    • Tenure: 5.7yrs
  • Lucie Crouzet (36yo)

    Director

    • Tenure: 1.8yrs
  • Oriane Profichet (34yo)

    Independent Director

    • Tenure: 1.8yrs

Company Information

Vente-Unique.com SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Vente-Unique.com SA
  • Ticker: ALVU
  • Exchange: ENXTPA
  • Founded: 2006
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: €44.612m
  • Shares outstanding: 9.49m
  • Website: https://www.vente-unique.com

Number of Employees


Location

  • Vente-Unique.com SA
  • 9/11 rue Jacquard
  • Le Pré-Saint-Gervais
  • Ile-de-France
  • 93310
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALVUENXTPA (Euronext Paris)YesOrdinary SharesFREURApr 2018

Biography

Vente-Unique.com SA sells furniture, decoration products, and home equipment through online in France and Europe. The company offers sofas and armchairs, office stay, hall, bedding room, bathroom, DIY garden, decoration, spa, sauna, sports, leisure, child, and junior products. Vente-Unique.com SA was founded in 2006 and is based in Le Pré-Saint-Gervais, France. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/17 22:01
End of Day Share Price2020/01/17 00:00
Earnings2019/03/31
Annual Earnings2018/09/30


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.