ENXTPA:SAMS

Stock Analysis Report

Executive Summary

Samse SA distributes building materials and tools in France.

Rewards

Trading at 31.8% below its fair value

Earnings are forecast to grow 3.82% per year

Earnings grew by 6% over the past year

Pays a high and reliable dividend of 1.62%

Risk Analysis

Has a high level of debt



Snowflake Analysis

Excellent balance sheet established dividend payer.


Similar Companies

Share Price & News

How has Samse's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-2.2%

SAMS

1.3%

FR Specialty Retail

1.0%

FR Market


1 Year Return

8.8%

SAMS

-32.9%

FR Specialty Retail

17.2%

FR Market

Return vs Industry: SAMS exceeded the French Specialty Retail industry which returned -32.9% over the past year.

Return vs Market: SAMS underperformed the French Market which returned 17.2% over the past year.


Shareholder returns

SAMSIndustryMarket
7 Day-2.2%1.3%1.0%
30 Day-4.6%-3.7%-0.3%
90 Day-6.6%-11.9%3.3%
1 Year10.7%8.8%-32.4%-32.9%21.3%17.2%
3 Year9.3%4.3%-27.1%-29.0%43.9%30.3%
5 Year58.5%45.9%3.5%-0.4%56.4%34.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

31.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SAMS (€154.5) is trading below our estimate of fair value (€226.51)

Significantly Below Fair Value: SAMS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SAMS is poor value based on its PE Ratio (12.1x) compared to the Specialty Retail industry average (11.5x).

PE vs Market: SAMS is good value based on its PE Ratio (12.1x) compared to the French market (18.7x).


Price to Earnings Growth Ratio

PEG Ratio: SAMS is poor value based on its PEG Ratio (3.2x)


Price to Book Ratio

PB vs Industry: SAMS is overvalued based on its PB Ratio (1.1x) compared to the FR Specialty Retail industry average (0.8x).


Next Steps

Future Growth

How is Samse forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

3.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SAMS's forecast earnings growth (3.8% per year) is above the savings rate (-0.1%).

Earnings vs Market: SAMS's earnings (3.8% per year) are forecast to grow slower than the French market (13.4% per year).

High Growth Earnings: SAMS's earnings are forecast to grow, but not significantly.

Revenue vs Market: SAMS's revenue (1.9% per year) is forecast to grow slower than the French market (4.5% per year).

High Growth Revenue: SAMS's revenue (1.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SAMS's Return on Equity is forecast to be low in 3 years time (8.4%).


Next Steps

Past Performance

How has Samse performed over the past 5 years?

6.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SAMS has high quality earnings.

Growing Profit Margin: SAMS's current net profit margins (3%) are lower than last year (3%).


Past Earnings Growth Analysis

Earnings Trend: SAMS's earnings have grown by 6.3% per year over the past 5 years.

Accelerating Growth: SAMS's earnings growth over the past year (6%) is below its 5-year average (6.3% per year).

Earnings vs Industry: SAMS earnings growth over the past year (6%) exceeded the Specialty Retail industry -10%.


Return on Equity

High ROE: SAMS's Return on Equity (9.5%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Samse's financial position?


Financial Position Analysis

Short Term Liabilities: SAMS's short term assets (€676.3M) exceed its short term liabilities (€459.2M).

Long Term Liabilities: SAMS's short term assets (€676.3M) exceed its long term liabilities (€205.2M).


Debt to Equity History and Analysis

Debt Level: SAMS's debt to equity ratio (46.4%) is considered high.

Reducing Debt: SAMS's debt to equity ratio has reduced from 62.8% to 46.4% over the past 5 years.

Debt Coverage: SAMS's debt is well covered by operating cash flow (36.2%).

Interest Coverage: SAMS's interest payments on its debt are well covered by EBIT (36.8x coverage).


Balance Sheet

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

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


Next Steps

Dividend

What is Samse's current dividend yield, its reliability and sustainability?

1.62%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%1.5%markettop25%4.5%industryaverage3.2%forecastin3Years1.9%

Current dividend yield vs market & industry

Notable Dividend: SAMS's dividend (1.62%) is higher than the bottom 25% of dividend payers in the French market (1.53%).

High Dividend: SAMS's dividend (1.62%) is low compared to the top 25% of dividend payers in the French market (4.5%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.6%), SAMS's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SAMS's dividends in 3 years are forecast to be well covered by earnings (22.9% payout ratio).


Next Steps

Management

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

14.1yrs

Average management tenure


CEO

Samse has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
François Bériot
Deputy Chairman and Director General13.1yrs€381.64k0.0073% 38.6k
Laurent Chameroy
Financial Director10.1yrs€272.88k0.0035% 18.5k
Martine Villarino
Secretary of the Supervisory Board0yrs€2.50kno data
Jérôme Thfoin
Chief Marketing & Innovation Officer and Director17.1yrs€182.23kno data
Philippe Gérard
Sales Director & Director16.1yrs€236.59kno data
Christophe Lyonnet
Director of Savoy Region & Director12.9yrs€115.86kno data
Alain Volle
Director of Isère Region0yrs€3.07kno data

14.1yrs

Average Tenure

Experienced Management: SAMS's management team is seasoned and experienced (14.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
François Bériot
Deputy Chairman and Director General13.1yrs€381.64k0.0073% 38.6k
Laurent Chameroy
Financial Director10.1yrs€272.88k0.0035% 18.5k
Jérôme Thfoin
Chief Marketing & Innovation Officer and Director17.1yrs€182.23kno data
Philippe Gérard
Sales Director & Director16.1yrs€236.59kno data
Christophe Lyonnet
Director of Savoy Region & Director12.9yrs€115.86kno data
Jean Chabanis
Director20.1yrs€281.24kno data
Olivier Malfait
Chairman13.1yrs€385.30k0.17% 924.1k
Patrice Joppé
Chairman of Supervisory Board20.1yrs€36.50k0.024% 130.0k
Paul Bériot
Deputy Chairman of Supervisory Board12.8yrs€10.33k0.00029% 1.5k
Jean Jehl de Menorval
Member of Supervisory Board20.1yrs€3.18kno data

14.6yrs

Average Tenure

Experienced Board: SAMS's board of directors are seasoned and experienced ( 14.6 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.


Top Shareholders

Company Information

Samse SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Samse SA
  • Ticker: SAMS
  • Exchange: ENXTPA
  • Founded: 1920
  • Industry: Home Improvement Retail
  • Sector: Retail
  • Market Cap: €532.811m
  • Shares outstanding: 3.45m
  • Website: https://www.samse.fr

Number of Employees


Location

  • Samse SA
  • 2, Rue Raymond Pitet
  • Cedex 2
  • Grenoble
  • Rhône-Alpes
  • 38030
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SAMSENXTPA (Euronext Paris)YesOrdinary SharesFREURJan 1992
0GLYLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992

Biography

Samse SA distributes building materials and tools in France. It sells insulation products; partitions, ceilings, and floors; tools; wood carpentry and lumber products; blades; cladding and paneling products; wood terraces and outdoor landscaping products; panels; parquet and flooring products; and covers and sealing products. The company also offers carpentry products and closures; floor tiles; sanitary and plumbing products; painting, treatment, and drugstore products; heating and ventilation products; electricity and lighting products; and products for outdoor facilities. It serves customers through 81 points of sales in Auvergne-Rhône-Alpes, Paca, and Gard. The company was founded in 1920 and is based in Grenoble, France. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 21:01
End of Day Share Price2020/02/14 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.