ENXTPA:CAFO

Stock Analysis Report

Centrale d'Achat Française pour l'Outre-Mer Société Anonyme

Executive Summary

Centrale d'Achat Française pour l'Outre-Mer Société Anonyme operates as a retailer of home equipment.

Risk Analysis

Earnings have declined by -20.94% per year over past 5 years

Has less than 1 year of cash runway

Currently unprofitable and not forecast to become profitable over the next 3 years

Dividend of 2.31% is not well covered by earnings

+ 2 more risks


Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

How has Centrale d'Achat Française pour l'Outre-Mer Société Anonyme's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CAFO has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.0%

CAFO

0.9%

FR Specialty Retail

0.7%

FR Market


1 Year Return

-6.3%

CAFO

-16.2%

FR Specialty Retail

20.6%

FR Market

Return vs Industry: CAFO exceeded the French Specialty Retail industry which returned -16.2% over the past year.

Return vs Market: CAFO underperformed the French Market which returned 20.6% over the past year.


Shareholder returns

CAFOIndustryMarket
7 Day-1.0%0.9%0.7%
30 Day-5.5%-5.4%0.3%
90 Day7.0%-19.3%3.9%
1 Year-4.4%-6.3%-15.6%-16.2%24.9%20.6%
3 Year-43.2%-44.3%-22.8%-24.7%41.9%28.2%
5 Year-40.7%-41.9%25.4%20.2%71.6%47.1%

Price Volatility Vs. Market

How volatile is Centrale d'Achat Française pour l'Outre-Mer Société Anonyme's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Centrale d'Achat Française pour l'Outre-Mer Société Anonyme undervalued compared to its fair value and its price relative to the market?

0.4x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CAFO (€5.2) is trading above our estimate of fair value (€1.31)

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


Price To Earnings Ratio

PE vs Industry: CAFO is unprofitable, so we can't compare its PE Ratio to the Specialty Retail industry average.

PE vs Market: CAFO is unprofitable, so we can't compare its PE Ratio to the French market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CAFO is good value based on its PB Ratio (0.4x) compared to the FR Specialty Retail industry average (0.8x).


Next Steps

Future Growth

How is Centrale d'Achat Française pour l'Outre-Mer Société Anonyme forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.5%

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 Centrale d'Achat Française pour l'Outre-Mer Société Anonyme 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

Past Performance

How has Centrale d'Achat Française pour l'Outre-Mer Société Anonyme performed over the past 5 years?

-20.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CAFO is currently unprofitable.

Growing Profit Margin: CAFO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CAFO is unprofitable, and losses have increased over the past 5 years at a rate of -20.9% per year.

Accelerating Growth: Unable to compare CAFO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CAFO is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (-2%).


Return on Equity

High ROE: CAFO has a negative Return on Equity (-4.48%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Centrale d'Achat Française pour l'Outre-Mer Société Anonyme's financial position?


Financial Position Analysis

Short Term Liabilities: CAFO's short term assets (€189.6M) exceed its short term liabilities (€166.6M).

Long Term Liabilities: CAFO's short term assets (€189.6M) exceed its long term liabilities (€64.7M).


Debt to Equity History and Analysis

Debt Level: CAFO's debt to equity ratio (50.1%) is considered high.

Reducing Debt: CAFO's debt to equity ratio has increased from 45.9% to 50.1% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: CAFO's debt is covered by short term assets (assets are 3x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CAFO has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: CAFO has less than a year of cash runway if free cash flow continues to reduce at historical rates of -50.8% each year


Next Steps

Dividend

What is Centrale d'Achat Française pour l'Outre-Mer Société Anonyme's current dividend yield, its reliability and sustainability?

2.31%

Current Dividend Yield


Dividend Yield vs Market

company2.3%marketbottom25%1.5%markettop25%4.6%industryaverage3.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: CAFO's dividend (2.31%) is higher than the bottom 25% of dividend payers in the French market (1.5%).

High Dividend: CAFO's dividend (2.31%) is low compared to the top 25% of dividend payers in the French market (4.57%).


Stability and Growth of Payments

Stable Dividend: CAFO has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CAFO has only been paying a dividend for 9 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: CAFO is paying a dividend but the company is unprofitable.


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 Centrale d'Achat Française pour l'Outre-Mer Société Anonyme's salary, the management and board of directors tenure and is there insider trading?

14.0yrs

Average management tenure


CEO

Hervé Giaoui (66yo)

15.3yrs

Tenure

€213,049

Compensation

Mr. Hervé Giaoui serves as the Chief Executive Officer of Centrale d'Achat Française pour l'Outre-Mer Société Anonyme (alternate name Centrale d'Achat Française pour l'Outre Mer SA) since September 27, 200 ...


CEO Compensation Analysis

Compensation vs Market: Hervé's total compensation ($USD0.00) is below average for companies of similar size in the French market ($USD320.36K).

Compensation vs Earnings: Hervé's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

14.0yrs

Average Tenure

66yo

Average Age

Experienced Management: CAFO's management team is seasoned and experienced (14 years average tenure).


Board Age and Tenure

11.8yrs

Average Tenure

66yo

Average Age

Experienced Board: CAFO's board of directors are seasoned and experienced ( 11.8 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 5%.


Management Team

  • Hervé Giaoui (66yo)

    Chairman of the Board of Directors & CEO

    • Tenure: 15.3yrs
    • Compensation: €213.05k
  • Alain Sitbon

    Deputy Chief Executive Officer

    • Tenure: 14yrs
    • Compensation: €84.65k
  • André Saada (66yo)

    Deputy Chief Executive Officer and Director

    • Tenure: 12.1yrs
    • Compensation: €208.04k
  • Andre Borg

    Finance Director

    • Tenure: 0yrs
  • Guy-Alain Germon (58yo)

    Deputy CEO & Director

    • Tenure: 11.8yrs
    • Compensation: €25.00k
  • Vincent Destailleur

    Deputy Chief Executive Officer

    • Tenure: 6.8yrs
    • Compensation: €333.00k

Board Members

  • Hervé Giaoui (66yo)

    Chairman of the Board of Directors & CEO

    • Tenure: 15.3yrs
    • Compensation: €213.05k
  • André Saada (66yo)

    Deputy Chief Executive Officer and Director

    • Tenure: 12.1yrs
    • Compensation: €208.04k
  • Luc Wormser

    Director

    • Tenure: 12.1yrs
  • Manuel Baudoin

    Director

    • Tenure: 10.8yrs
    • Compensation: €813.00k
  • Guy-Alain Germon (58yo)

    Deputy CEO & Director

    • Tenure: 11.8yrs
    • Compensation: €25.00k
  • Boris Tronc

    Representative Director

    • Tenure: 7.2yrs
    • Compensation: €25.00k
  • Corinne Saada

    Independent Director

    • Tenure: 7yrs
    • Compensation: €25.00k

Company Information

Centrale d'Achat Française pour l'Outre-Mer Société Anonyme's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Centrale d'Achat Française pour l'Outre-Mer Société Anonyme
  • Ticker: CAFO
  • Exchange: ENXTPA
  • Founded: 1985
  • Industry: Homefurnishing Retail
  • Sector: Retail
  • Market Cap: €48.765m
  • Shares outstanding: 9.38m
  • Website: https://www.cafom.com

Number of Employees


Location

  • Centrale d'Achat Française pour l'Outre-Mer Société Anonyme
  • 3, Avenue Hoche
  • Paris
  • Ile-de-France
  • 75008
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CAFOENXTPA (Euronext Paris)YesOrdinary SharesFREURJan 2005
0HRBLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 2005
CAFOPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 2005

Biography

Centrale d'Achat Française pour l'Outre-Mer Société Anonyme operates as a retailer of home equipment. It provides furniture, home appliances, audiovisual and computer equipment, musical instruments, tablew ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/14 20:45
End of Day Share Price2019/12/13 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.