Announcement • May 06
SMCP S.A. Announces Executive and Committee Changes SMCP announced the appointment of Linda Li as President and CEO for North America. She will succeed Ida Simonsen, who has decided to pursue new opportunities, and whom the Group warmly thanks for her contribution to the development of its North American operations over the past years. Linda Li will join the Group’s Executive Committee. Prior to joining SMCP, Linda Li served as Managing Director & President of COS North America, where she successfully led the region’s omnichannel development and commercial performance. She previously spent many years within H&M Group in the Americas, holding several senior positions including Head of Marketing & Communications and Head of E-Commerce. She began her career at the Boston Consulting Group. Linda Li graduated from Harvard College and Harvard Business School. Buy Or Sell Opportunity • Apr 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.4% to €5.82. The fair value is estimated to be €7.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings are also forecast to grow by 33% per annum over the same time period. Buy Or Sell Opportunity • Apr 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to €5.28. The fair value is estimated to be €6.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings are also forecast to grow by 34% per annum over the same time period. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. 3 highly experienced directors. Independent Director Atalay Atasu was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 04
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 47% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Mar 03
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.0% to €6.12. The fair value is estimated to be €7.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 37% per annum over the same time period. Price Target Changed • Mar 02
Price target increased by 9.1% to €8.36 Up from €7.66, the current price target is an average from 5 analysts. New target price is 28% above last closing price of €6.53. Stock is up 93% over the past year. The company is forecast to post earnings per share of €0.64 for next year compared to €0.21 last year. Reported Earnings • Mar 01
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: €0.21 (up from €0.31 loss in FY 2024). Revenue: €1.22b (flat on FY 2024). Net income: €16.6m (up €40.2m from FY 2024). Profit margin: 1.4% (up from net loss in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 47%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Specialty Retail industry in France. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Price Target Changed • Oct 24
Price target increased by 8.2% to €7.66 Up from €7.08, the current price target is an average from 5 analysts. New target price is 24% above last closing price of €6.17. Stock is up 154% over the past year. The company is forecast to post earnings per share of €0.38 next year compared to a net loss per share of €0.31 last year. Announcement • Oct 23
SMCP S.A. to Report Fiscal Year 2025 Results on Feb 26, 2026 SMCP S.A. announced that they will report fiscal year 2025 results on Feb 26, 2026 Price Target Changed • Oct 17
Price target increased by 8.6% to €7.36 Up from €6.78, the current price target is an average from 5 analysts. New target price is 22% above last closing price of €6.05. Stock is up 134% over the past year. The company is forecast to post earnings per share of €0.37 next year compared to a net loss per share of €0.31 last year. Buy Or Sell Opportunity • Oct 02
Now 20% undervalued Over the last 90 days, the stock has risen 36% to €6.23. The fair value is estimated to be €7.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 3.2% in 2 years. Earnings are forecast to grow by 238% in the next 2 years. Buy Or Sell Opportunity • Sep 01
Now 20% undervalued Over the last 90 days, the stock has risen 54% to €6.22. The fair value is estimated to be €7.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 3.2% in 2 years. Earnings are forecast to grow by 238% in the next 2 years. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €6.07, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 9x in the Specialty Retail industry in France. Total loss to shareholders of 4.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.64 per share. Reported Earnings • Jul 30
First half 2025 earnings released: EPS: €0.14 (vs €0.37 loss in 1H 2024) First half 2025 results: EPS: €0.14 (up from €0.37 loss in 1H 2024). Revenue: €601.1m (up 2.7% from 1H 2024). Net income: €11.0m (up €38.7m from 1H 2024). Profit margin: 1.8% (up from net loss in 1H 2024). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Specialty Retail industry in France. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Price Target Changed • Jul 30
Price target increased by 17% to €5.92 Up from €5.08, the current price target is an average from 5 analysts. New target price is 15% above last closing price of €5.16. Stock is up 135% over the past year. The company is forecast to post earnings per share of €0.33 next year compared to a net loss per share of €0.31 last year. Price Target Changed • Jul 07
Price target increased by 8.5% to €5.38 Up from €4.96, the current price target is an average from 5 analysts. New target price is 11% above last closing price of €4.85. Stock is up 147% over the past year. The company is forecast to post earnings per share of €0.24 next year compared to a net loss per share of €0.31 last year. Buy Or Sell Opportunity • May 13
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 2.8% to €3.82. The fair value is estimated to be €3.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Meanwhile, the company became loss making. Announcement • May 06
SMCP S.A., Annual General Meeting, Jun 12, 2025 SMCP S.A., Annual General Meeting, Jun 12, 2025. Location: 2 rue de marengo, paris France Announcement • Apr 29
SMCP S.A. to Report First Half, 2025 Results on Jul 29, 2025 SMCP S.A. announced that they will report first half, 2025 results on Jul 29, 2025 Reported Earnings • Apr 23
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: €0.31 loss per share (down from €0.15 profit in FY 2023). Revenue: €1.21b (down 1.5% from FY 2023). Net loss: €23.6m (down 311% from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 199%. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Specialty Retail industry in France. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 28
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: €0.31 loss per share (down from €0.15 profit in FY 2023). Revenue: €1.21b (down 1.5% from FY 2023). Net loss: €23.6m (down 311% from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 199%. Revenue is forecast to grow 1.3% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Specialty Retail industry in France. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jan 15
Now 23% undervalued Over the last 90 days, the stock has risen 18% to €3.08. The fair value is estimated to be €4.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Meanwhile, the company became loss making. Announcement • Oct 29
SMCP S.A. to Report Fiscal Year 2024 Results on Feb 27, 2025 SMCP S.A. announced that they will report fiscal year 2024 results on Feb 27, 2025 Announcement • Oct 02
SMCP Group Announces Executive Changes SMCP Group announced the appointment of Ida Simonsen as President and CEO for North America. She will succeed to Paul Griffin who decided to pursue his career outside the Group. Ida Simonsen brings a wealth of experience to her new role. Most recently, she served as President of the Americas for Stella McCartney for over 12 years, where she played a crucial role in expanding its retail and wholesale presence across the United States, Canada, and Mexico. During her tenure, Ida guided Stella McCartney through significant transitions, including its change of shareholder from Kering to LVMH, and expanded the brand’s retail network in the Americas. Prior to her time at Stella McCartney, Ida held leadership positions at Marni, further enhancing her deep knowledge of the US market and the global fashion industry. Buy Or Sell Opportunity • Aug 03
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to €2.02. The fair value is estimated to be €2.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • Jul 30
Price target decreased by 12% to €4.58 Down from €5.18, the current price target is an average from 4 analysts. New target price is 123% above last closing price of €2.05. Stock is down 69% over the past year. The company is forecast to post a net loss per share of €0.096 compared to earnings per share of €0.15 last year. Reported Earnings • Jul 29
First half 2024 earnings released: €0.37 loss per share (vs €0.19 profit in 1H 2023) First half 2024 results: €0.37 loss per share (down from €0.19 profit in 1H 2023). Revenue: €585.3m (down 4.0% from 1H 2023). Net loss: €27.7m (down 298% from profit in 1H 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Specialty Retail industry in France. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €2.37, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 10x in the Specialty Retail industry in France. Total loss to shareholders of 53% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.04 per share. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to €1.84, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Specialty Retail industry in France. Total loss to shareholders of 73% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to €1.84, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 7x in the Specialty Retail industry in France. Total loss to shareholders of 73% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to €1.84, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 7x in the Specialty Retail industry in France. Total loss to shareholders of 73% over the past three years. Major Estimate Revision • Apr 28
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €1.26b to €1.24b. EPS estimate also fell from €0.374 per share to €0.304 per share. Net income forecast to grow 96% next year vs 24% growth forecast for Specialty Retail industry in France. Consensus price target of €5.18 unchanged from last update. Share price rose 3.9% to €2.26 over the past week. Announcement • Apr 26
SMCP S.A., Annual General Meeting, Jun 06, 2024 SMCP S.A., Annual General Meeting, Jun 06, 2024. Price Target Changed • Apr 02
Price target increased by 9.2% to €5.18 Up from €4.74, the current price target is an average from 4 analysts. New target price is 127% above last closing price of €2.28. Stock is down 72% over the past year. The company is forecast to post earnings per share of €0.37 for next year compared to €0.15 last year. Major Estimate Revision • Mar 15
Consensus EPS estimates fall by 29% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.529 to €0.374 per share. Revenue forecast steady at €1.26b. Net income forecast to grow 193% next year vs 19% growth forecast for Specialty Retail industry in France. Consensus price target of €5.18 unchanged from last update. Share price rose 19% to €2.55 over the past week. Price Target Changed • Mar 10
Price target increased by 9.2% to €5.18 Up from €4.74, the current price target is an average from 4 analysts. New target price is 135% above last closing price of €2.20. Stock is down 75% over the past year. The company is forecast to post earnings per share of €0.50 for next year compared to €0.15 last year. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to €2.24, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 9x in the Specialty Retail industry in France. Total loss to shareholders of 66% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.35 per share. New Risk • Feb 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 53% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Buy Or Sell Opportunity • Jan 31
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to €2.72. The fair value is estimated to be €3.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 4.8% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Price Target Changed • Jan 29
Price target decreased by 19% to €5.34 Down from €6.58, the current price target is an average from 5 analysts. New target price is 85% above last closing price of €2.88. Stock is down 60% over the past year. The company is forecast to post earnings per share of €0.40 for next year compared to €0.68 last year. Announcement • Jan 27
SMCP S.A. Revises Earnings Guidance for the Fourth Quarter of 2023 SMCP S.A. revised earnings guidance for the fourth quarter of 2023. In the fourth quarter of 2023, Group sales remained stable compared to 2022 at constant exchange rates, despite a macro-economic context that continued to deteriorate: heightened geopolitical tensions, weak household consumption and persistent inflation. The good resilience of the Group in the United States offset a difficult month of December in Europe (particularly in France) and a less dynamic month than expected in China. Despite those headwinds, the Group decided to maintain a very strict discount policy. Taking these elements into account, the company expects a performance slightly below previous announcement: sales around €1.230 million, that is a growth at constant FX of +3.8% versus 2022 (previously “mid-single digit growth”). Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €2.98, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Specialty Retail industry in France. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.89 per share. Major Estimate Revision • Oct 24
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.492 to €0.443 per share. Revenue forecast steady at €1.25b. Net income forecast to shrink 1.9% next year vs 3.3% growth forecast for Specialty Retail industry in France . Consensus price target down from €9.32 to €8.32. Share price fell 10.0% to €3.25 over the past week. Price Target Changed • Oct 23
Price target decreased by 14% to €8.32 Down from €9.65, the current price target is an average from 6 analysts. New target price is 154% above last closing price of €3.27. Stock is down 45% over the past year. The company is forecast to post earnings per share of €0.49 for next year compared to €0.68 last year. Major Estimate Revision • Oct 12
Consensus EPS estimates fall by 16% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.586 to €0.492 per share. Revenue forecast steady at €1.26b. Net income forecast to grow 10% next year vs 9.4% growth forecast for Specialty Retail industry in France. Consensus price target down from €9.65 to €9.32. Share price rose 2.8% to €3.66 over the past week. Major Estimate Revision • Sep 20
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.697 to €0.60 per share. Revenue forecast steady at €1.27b. Net income forecast to grow 37% next year vs 27% growth forecast for Specialty Retail industry in France. Consensus price target down from €10.55 to €9.98. Share price fell 27% to €4.00 over the past week. Announcement • Sep 19
SMCP S.A. Revises Earnings Guidance for the Fiscal Year 2023 SMCP S.A. revised earnings guidance for the fiscal year 2023. for the year, the company expects a mid-single digit growth of sales at constant FX vs 2022 against mid- to high- single digit sales growth at constant FX vs 2022 expected previously. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment deteriorates as stock falls 33% After last week's 33% share price decline to €3.75, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Specialty Retail industry in France. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.24 per share. Buying Opportunity • Sep 19
Now 40% undervalued after recent price drop Over the last 90 days, the stock is down 50%. The fair value is estimated to be €6.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to grow by 60% in the next 2 years. Announcement • Sep 19
SMCP S.A. Provides Revenue Guidance for the Third Quarter, Fourth Quarter and Second Half of 2023 SMCP S.A. provided revenue guidance for the third quarter, fourth quarter and second half of 2023. for the third quarter, the company expects sales to be stable or slightly decreasing.For the fourth quarter, the company expects more in line with the trend seen in the first semester, benefiting in particular from a favorable base effect in China.For the second, the company targets a moderate growth in sales compared to 2022. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to €6.19, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Specialty Retail industry in France. Total returns to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.37 per share. Reported Earnings • Jul 30
First half 2023 earnings released: EPS: €0.19 (vs €0.28 in 1H 2022) First half 2023 results: EPS: €0.19 (down from €0.28 in 1H 2022). Revenue: €609.8m (up 7.9% from 1H 2022). Net income: €14.0m (down 32% from 1H 2022). Profit margin: 2.3% (down from 3.7% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Specialty Retail industry in France. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 28
Now 30% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be €9.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to grow by 82% in the next 2 years. Buying Opportunity • Jun 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 8.8%. The fair value is estimated to be €9.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 70%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Buying Opportunity • May 24
Now 21% undervalued Over the last 90 days, the stock is up 9.5%. The fair value is estimated to be €9.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 70%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings is also forecast to grow by 16% per annum over the same time period. Announcement • May 10
SMCP group Appoints Jérémie Le Febvre as CEO of Fursac, Effective 15 May 2023 SMCP group announced the appointment of Jérémie Le Febvre as CEO of Fursac, effective 15 May 2023. In this role, he will also join the SMCP Executive Committee. Jérémie Le Febvre, 40, is taking over as CEO of Fursac after several years in key positions in the fashion industry. Before joining the group, he managed A-COLD-WALL alongside its Artistic Director. Prior to that, he worked on several brands and notably AMI, at a key moment of its development, alongside the founding Artistic Director and the CEO. During this experience, he co-managed a multidisciplinary and global team that allowed him to put his leadership skills at the service of an ambitious creative environment, and to build a strong sensitivity for the world of men's fashion and the product. A graduate of HEC and holder of a Master's degree in International Corporate and Tax Law, Jérémie spent the first 10 years of his career in key positions in the financial industry. Buying Opportunity • Apr 03
Now 21% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be €10.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 70%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings is also forecast to grow by 16% per annum over the same time period. Buying Opportunity • Mar 13
Now 22% undervalued Over the last 90 days, the stock is up 26%. The fair value is estimated to be €10.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 70%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings is also forecast to grow by 16% per annum over the same time period. Price Target Changed • Mar 07
Price target increased by 9.8% to €10.56 Up from €9.61, the current price target is an average from 7 analysts. New target price is 25% above last closing price of €8.46. Stock is up 52% over the past year. The company is forecast to post earnings per share of €0.81 for next year compared to €0.68 last year. Reported Earnings • Mar 03
Full year 2022 earnings: Revenues exceed analyst expectations Full year 2022 results: Revenue: €1.21b (up 16% from FY 2021). Net income: €51.3m (up 117% from FY 2021). Profit margin: 4.3% (up from 2.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Specialty Retail industry in France. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €8.33, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Specialty Retail industry in France. Total returns to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.84 per share. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Christophe Chenut was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.