ENXTPA:SMCP

Stock Analysis Report

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Executive Summary

SMCP S.A. operates as an apparel and accessories retail company in France and internationally. More Details


Snowflake Analysis

Reasonable growth potential and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-2.3%

SMCP

3.8%

FR Specialty Retail

-1.3%

FR Market


1 Year Return

-65.0%

SMCP

-23.3%

FR Specialty Retail

-7.5%

FR Market

Return vs Industry: SMCP underperformed the French Specialty Retail industry which returned -23.2% over the past year.

Return vs Market: SMCP underperformed the French Market which returned -6.4% over the past year.


Shareholder returns

SMCPIndustryMarket
7 Day-2.3%3.8%-1.3%
30 Day2.6%14.0%2.9%
90 Day6.4%20.2%-1.4%
1 Year-65.0%-65.0%-22.5%-23.3%-5.5%-7.5%
3 Year-82.2%-82.2%-55.8%-56.7%5.9%-3.2%
5 Yearn/a-18.9%-21.6%30.8%11.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

34.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SMCP (€3.84) is trading below our estimate of fair value (€5.86)

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


Price To Earnings Ratio

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

PE vs Market: SMCP 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 SMCP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SMCP is good value based on its PB Ratio (0.3x) compared to the FR Specialty Retail industry average (0.7x).


Next Steps

Future Growth

How is SMCP forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

111.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SMCP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.6%).

Earnings vs Market: SMCP is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SMCP's is expected to become profitable in the next 3 years.

Revenue vs Market: SMCP's revenue (11.9% per year) is forecast to grow faster than the French market (6.7% per year).

High Growth Revenue: SMCP's revenue (11.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SMCP's Return on Equity is forecast to be low in 3 years time (4.3%).


Next Steps

Past Performance

How has SMCP performed over the past 5 years?

-12.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SMCP is currently unprofitable.

Growing Profit Margin: SMCP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SMCP is unprofitable, and losses have increased over the past 5 years at a rate of 12.9% per year.

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

Earnings vs Industry: SMCP is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (-17.7%).


Return on Equity

High ROE: SMCP has a negative Return on Equity (-5.6%), as it is currently unprofitable.


Next Steps

Financial Health

How is SMCP's financial position?


Financial Position Analysis

Short Term Liabilities: SMCP's short term assets (€647.1M) exceed its short term liabilities (€370.4M).

Long Term Liabilities: SMCP's short term assets (€647.1M) do not cover its long term liabilities (€1.2B).


Debt to Equity History and Analysis

Debt Level: SMCP's debt to equity ratio (64.9%) is considered high.

Reducing Debt: SMCP's debt to equity ratio has reduced from 186.1% to 64.9% over the past 5 years.

Debt Coverage: SMCP's debt is well covered by operating cash flow (21.8%).

Interest Coverage: SMCP is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is SMCP current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate SMCP'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 SMCP's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SMCP's dividend in 3 years as they are not forecast to pay a notable one for the French market.


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

Daniel Lalonde (57 yo)

no data

Tenure

€2,310,355

Compensation

Mr. Daniel A. Lalonde serves as the Chief Executive Officer of SMCP S.A.S and he is founder of SMCP S.A.S. He served as its Director since October 5, 2017. Mr. Lalonde had been an Independent Non-Executive ...


CEO Compensation Analysis

Compensation vs Market: Daniel's total compensation ($USD2.74M) is above average for companies of similar size in the French market ($USD573.55K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Daniel Lalonde
Founderno data€2.31m0.16%
€ 458.1k
Evelyne Chétrite
Founder3yrs€2.10m2.13%
€ 6.1m
Judith Milgrom
Founder3yrs€2.25m1.95%
€ 5.6m
Ylane Chétrite
Founderno data€1.38m0.57%
€ 1.6m
Philippe Gautier
CFO & Operations Directorno datano datano data
Célia d'Everlange
Head of Investor Relationsno datano datano data
Nathalie Malavoy
Human Resources & Sustainability Director1yrno datano data
Jean-Baptiste Dacquin
Chief Executive Officer of Claudie Pierlot1.5yrsno datano data
Paul Griffin
Chief Executive Officer of North America1.75yrsno datano data
Isabelle Guichot
Chief Executive Officer of Majeno datano datano data
Stéphane Ledru
Chief Executive Officer of Asiano datano datano data
Isabelle Allouch
Chief Executive Officer of Sandro1.5yrsno datano data

1.5yrs

Average Tenure

55yo

Average Age

Experienced Management: SMCP's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Daniel Lalonde
Founderno data€2.31m0.16%
€ 458.1k
Evelyne Chétrite
Founder3yrs€2.10m2.13%
€ 6.1m
Judith Milgrom
Founder3yrs€2.25m1.95%
€ 5.6m
Ylane Chétrite
Founderno data€1.38m0.57%
€ 1.6m
Orla Noonan
Independent Director3yrs€62.00kno data
Patrizio di Marco
Independent Director3yrs€50.00kno data
Yafu Qiu
Chairman of the Board3yrsno datano data
Chenran Qiu
Director3yrsno datano data
Weiying Sun
Director3yrsno datano data
Ilan Chétrite
Board Observerno data€1.02mno data
Fanny Moizant
Independent Director3yrs€48.00kno data
Xiao Su
Director3yrsno datano data

3.0yrs

Average Tenure

52.5yo

Average Age

Experienced Board: SMCP's board of directors are considered experienced (3 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

SMCP S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SMCP S.A.
  • Ticker: SMCP
  • Exchange: ENXTPA
  • Founded: 2016
  • Industry: Apparel Retail
  • Sector: Retail
  • Market Cap: €284.840m
  • Shares outstanding: 74.14m
  • Website: https://www.smcp.com

Number of Employees


Location

  • SMCP S.A.
  • 49 rue Etienne Marcel
  • Paris
  • Ile-de-France
  • 75001
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SMCPENXTPA (Euronext Paris)YesNew Ordinary SharesFREUROct 2017
SFCDB (Deutsche Boerse AG)YesNew Ordinary SharesDEEUROct 2017
0RVALSE (London Stock Exchange)YesNew Ordinary SharesGBEUROct 2017
SMCPPBATS-CHIXE (BATS 'Chi-X Europe')YesNew Ordinary SharesGBEUROct 2017

Biography

SMCP S.A. operates as an apparel and accessories retail company in France and internationally. The company designs, markets, and sells women’s wear, men’s wear, and accessories. It sells products through a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 21:50
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.