Market Cap
€289.4m
Last Updated
2020/03/30 00:43 UTC
Data Sources
Company Financials +
Executive Summary
SMCP S.A. operates as an apparel and accessories retail company in France and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with excellent balance sheet.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
19.0%
SMCP
3.5%
FR Specialty Retail
7.1%
FR Market
1 Year Return
-75.3%
SMCP
-57.3%
FR Specialty Retail
-17.6%
FR Market
Return vs Industry: SMCP underperformed the French Specialty Retail industry which returned -57.3% over the past year.
Return vs Market: SMCP underperformed the French Market which returned -17.6% over the past year.
Shareholder returns
| SMCP | Industry | Market | |
|---|---|---|---|
| 7 Day | 19.0% | 3.5% | 7.1% |
| 30 Day | -38.7% | -34.2% | -19.9% |
| 90 Day | -58.9% | -46.2% | -25.9% |
| 1 Year | -75.3%-75.3% | -57.0%-57.3% | -14.8%-17.6% |
| 3 Year | n/a | -58.4%-59.4% | 0.04%-9.2% |
| 5 Year | n/a | -43.4%-45.2% | 9.6%-6.0% |
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
2 weeks ago | Simply Wall St
Imagine Owning SMCP (EPA:SMCP) And Trying To Stomach The 71% Share Price Drop1 month ago | Simply Wall St
Should You Care About SMCP S.A.’s (EPA:SMCP) Investment Potential?1 month ago | Simply Wall St
Does SMCP (EPA:SMCP) Have A Healthy Balance Sheet?Valuation
Is SMCP undervalued compared to its fair value and its price relative to the market?
29.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SMCP (€3.88) is trading below our estimate of fair value (€7.06)
Significantly Below Fair Value: SMCP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SMCP is good value based on its PE Ratio (5.5x) compared to the Specialty Retail industry average (5.8x).
PE vs Market: SMCP is good value based on its PE Ratio (5.5x) compared to the French market (13.2x).
Price to Earnings Growth Ratio
PEG Ratio: SMCP is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: SMCP is good value based on its PB Ratio (0.2x) compared to the FR Specialty Retail industry average (0.5x).
Next Steps
Future Growth
How is SMCP forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
24.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SMCP's forecast earnings growth (24.4% per year) is above the savings rate (-0.1%).
Earnings vs Market: SMCP's earnings (24.4% per year) are forecast to grow faster than the French market (12.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SMCP's revenue (5.4% per year) is forecast to grow faster than the French market (3.7% per year).
High Growth Revenue: SMCP's revenue (5.4% 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 (5.8%).
Next Steps
Past Performance
How has SMCP performed over the past 5 years?
32.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SMCP has a large one-off loss of €27.2M impacting its December 31 2019 financial results.
Growing Profit Margin: SMCP's current net profit margins (3.9%) are lower than last year (4.9%).
Past Earnings Growth Analysis
Earnings Trend: SMCP has become profitable over the past 5 years, growing earnings by 32.9% per year.
Accelerating Growth: SMCP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SMCP had negative earnings growth (-13%) over the past year, making it difficult to compare to the Specialty Retail industry average (-22.9%).
Return on Equity
High ROE: SMCP's Return on Equity (3.7%) is considered low.
Next Steps
Financial Health
How is SMCP's financial position?
Financial Position Analysis
Short Term Liabilities: SMCP's short term assets (€422.1M) exceed its short term liabilities (€329.6M).
Long Term Liabilities: SMCP's short term assets (€422.1M) do not cover its long term liabilities (€1.0B).
Debt to Equity History and Analysis
Debt Level: SMCP's debt to equity ratio (37%) is considered satisfactory.
Reducing Debt: SMCP's debt to equity ratio has reduced from 191.6% to 37% over the past 5 years.
Debt Coverage: SMCP's debt is well covered by operating cash flow (45.8%).
Interest Coverage: SMCP's interest payments on its debt are well covered by EBIT (4.5x coverage).
Balance Sheet
Inventory Level: SMCP has a high level of physical assets or inventory.
Debt Coverage by Assets: SMCP's debt is not covered by short term assets (assets are 1x debt).
Next Steps
Dividend
What is SMCP's 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 payouts.
High Dividend: Unable to evaluate SMCP's dividend yield against the top 25% of dividend payers, as the company has not reported any 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?
0.9yrs
Average management tenure
CEO
Daniel Lalonde (56yo)
no data
Tenure
€1,568,048
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 ($USD1.74M) is above average for companies of similar size in the French market ($USD600.96K).
Compensation vs Earnings: Daniel's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | no data | €1.57m | 0.16% €462.6k | |
| Founder | 2.42yrs | €1.50m | no data | |
| Founder | 2.42yrs | €1.63m | no data | |
| Founder | no data | €973.05k | no data | |
| CFO & Operations Director | no data | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Human Resources & Sustainability Director | 0.42yr | no data | no data | |
| Deputy CEO & Director | 2.42yrs | no data | no data | |
| Chief Executive Officer of Claudie Pierlot | 0.92yr | no data | no data | |
| Chief Executive Officer of North America | 1.17yrs | no data | no data |
0.9yrs
Average Tenure
49yo
Average Age
Experienced Management: SMCP's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | no data | €1.57m | 0.16% €462.6k | |
| Founder | 2.42yrs | €1.50m | no data | |
| Founder | 2.42yrs | €1.63m | no data | |
| Founder | no data | €973.05k | no data | |
| Deputy CEO & Director | 2.42yrs | no data | no data | |
| Independent Director | 2.42yrs | €39.89k | no data | |
| Independent Director | 2.42yrs | €35.10k | no data | |
| Chairman of the Board | 2.42yrs | no data | no data | |
| Director | 2.42yrs | no data | no data | |
| Board Observer | no data | €1.02m | no data |
2.4yrs
Average Tenure
55yo
Average Age
Experienced Board: SMCP's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
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: €289.390m
- Shares outstanding: 74.59m
- Website: https://www.smcp.com
Number of Employees
Location
- SMCP S.A.
- 49 rue Etienne Marcel
- Paris
- Ile-de-France
- 75001
- France
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SMCP | ENXTPA (Euronext Paris) | Yes | New Ordinary Shares | FR | EUR | Oct 2017 |
| SFC | DB (Deutsche Boerse AG) | Yes | New Ordinary Shares | DE | EUR | Oct 2017 |
| 0RVA | LSE (London Stock Exchange) | Yes | New Ordinary Shares | GB | EUR | Oct 2017 |
| SMCPP | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | New Ordinary Shares | GB | EUR | Oct 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 network of points of sale and Websites under three brands, including Sandro, Maje, and Claudie Pierlot. As of December 31, 2018, the company operated 1,172 points of sales. The company was incorporated in 2016 and is headquartered in Paris, France.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/30 00:43 |
| End of Day Share Price | 2020/03/27 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.