ENXTPA:SRP

Stock Analysis Report

Executive Summary

SRP Groupe S.A. engages in the online e-commerce business in France, Italy, Spain, Portugal, Belgium, the Netherlands, Poland, England, Belgium, Germany, Morocco, and internationally.

Snowflake

Fundamentals

Adequate balance sheet and slightly overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

3.4%

SRP

-1.1%

FR Online Retail

-0.03%

FR Market


1 Year Return

-73.7%

SRP

-26.2%

FR Online Retail

10.4%

FR Market

Return vs Industry: SRP underperformed the French Online Retail industry which returned -26.2% over the past year.

Return vs Market: SRP underperformed the French Market which returned 10.4% over the past year.


Shareholder returns

SRPIndustryMarket
7 Day3.4%-1.1%-0.03%
30 Day-9.5%-4.1%-0.8%
90 Day-10.2%-9.9%-0.8%
1 Year-72.4%-73.7%-24.1%-26.2%14.2%10.4%
3 Year-93.2%-93.5%-59.8%-61.6%42.3%28.5%
5 Yearn/a118.1%109.4%72.6%46.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

33.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SRP (€1.17) is trading below our estimate of fair value (€1.76)

Significantly Below Fair Value: SRP is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: SRP is good value based on its PB Ratio (0.3x) compared to the FR Online Retail industry average (0.9x).


Next Steps

Future Growth

How is SRP Groupe forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

94.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SRP is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: SRP is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: SRP is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: SRP's revenue (4% per year) is forecast to grow slower than the French market (4.4% per year).

High Growth Revenue: SRP's revenue (4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SRP is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has SRP Groupe performed over the past 5 years?

-91.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SRP is unprofitable, and losses have increased over the past 5 years at a rate of -91% per year.

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

Earnings vs Industry: SRP is unprofitable, making it difficult to compare its past year earnings growth to the Online Retail industry (11.8%).


Return on Equity

High ROE: SRP has a negative Return on Equity (-21.72%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: SRP is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: SRP is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is SRP Groupe's financial position?


Financial Position Analysis

Short Term Liabilities: SRP's short term assets (€178.7M) do not cover its short term liabilities (€184.9M)

Long Term Liabilities: SRP's short term assets (178.7M) exceeds its long term liabilities (40.6M)


Debt to Equity History and Analysis

Debt Level: SRP's debt to equity ratio (23.3%) is considered satisfactory

Reducing Debt: SRP's debt to equity ratio has increased from 0% to 23.3% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: SRP's debt is covered by short term assets (assets are 4.239610x 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: SRP has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: SRP has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -52.7% each year


Next Steps

Dividend

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

17.15%

Forecast Dividend Yield


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%4.7%industryaverage3.5%forecastin3Years17.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate SRP's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if SRP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SRP'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 SRP's dividend in 3 years as they are not forecast to pay a notable one for the French market.


Next Steps

Management

What is the CEO of SRP Groupe's salary, the management and board of directors tenure and is there insider trading?

2.0yrs

Average management tenure


CEO

Thierry Petit (45yo)

1.7yrs

Tenure

€336,000

Compensation

Mr. Thierry Petit serves as Partner at 50 Partners Capital. He has been Chief Executive Officer of SRP Groupe S.A. since February 2018. He had served as Deputy Chief Executive Officer of SRP Groupe S.A. un ...


CEO Compensation Analysis

Compensation vs. Market: Thierry has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the French market.

Compensation vs Earnings: Thierry's compensation has been consistent with company performance over the past year.


Management Age and Tenure

2.0yrs

Average Tenure

Experienced Management: SRP's management team is considered experienced (2 years average tenure).


Board Age and Tenure

4.0yrs

Average Tenure

45yo

Average Age

Experienced Board: SRP's board of directors are considered experienced (4 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


Management Team

  • Thierry Petit (45yo)

    Chairman of the Board & CEO

    • Tenure: 1.7yrs
    • Compensation: €336.00k
  • Frédéric Delalé

    Chief Technical Officer & Chief Information Officer;

    • Tenure: 12.8yrs
  • Irache Martinez

    Chief Marketing Officer

    • Tenure: 2yrs
  • Thomas Kienzi

    Chief Financial Officer

    • Tenure: 2yrs
  • Adeline Pastor

    Head of press relations

    • Tenure: 0yrs
  • Anil Benard-Dende

    Deputy Chief Executive Officer

    • Tenure: 1.8yrs
  • Sarah Dupond

    General Counsel & Compliance Officer

    • Tenure: 0yrs
  • Sophie Rémusat

    Human Resources Director

    • Tenure: 0yrs
  • Arnaud Poisson

    Chief Operating Officer

    • Tenure: 0yrs

Board Members

  • Thierry Petit (45yo)

    Chairman of the Board & CEO

    • Tenure: 1.7yrs
    • Compensation: €336.00k
  • Marie Ekeland (43yo)

    Independent Director

    • Tenure: 4yrs
    • Compensation: €30.00k
  • David Dayan (45yo)

    Director

    • Tenure: 9.3yrs
    • Compensation: €336.00k
  • Éric Dayan (39yo)

    Director

    • Tenure: 4yrs
  • Michaël Dayan (37yo)

    Director

    • Tenure: 4yrs
  • Olivier Marcheteau (48yo)

    Independent Director

    • Tenure: 4yrs
    • Compensation: €50.00k
  • Melissa Birge (50yo)

    Independent Director

    • Tenure: 4yrs
    • Compensation: €32.50k
  • Cyril Vermeulen (50yo)

    Independent Director

    • Tenure: 1.3yrs
  • Amélie Oudéa-Castera (41yo)

    Director

    • Tenure: 0.9yrs
  • Irache Abasolo

    Director

    • Tenure: 0.8yrs

Company Information

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


Key Information

  • Name: SRP Groupe S.A.
  • Ticker: SRP
  • Exchange: ENXTPA
  • Founded: 2006
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: €59.087m
  • Shares outstanding: 50.68m
  • Website: https://www.showroomprivegroup.com

Number of Employees


Location

  • SRP Groupe S.A.
  • 1, rue des Blés
  • ZAC Montjoie
  • Saint-Denis
  • Ile-de-France
  • 93210
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SRPENXTPA (Euronext Paris)YesCommon StockFREUROct 2015
SRPPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEUROct 2015
19RDB (Deutsche Boerse AG)YesCommon StockDEEUROct 2015
0RCCLSE (London Stock Exchange)YesCommon StockGBEUROct 2015

Biography

SRP Groupe S.A. engages in the online e-commerce business in France, Italy, Spain, Portugal, Belgium, the Netherlands, Poland, England, Belgium, Germany, Morocco, and internationally. The company offers fa ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 21:50
End of Day Share Price2019/10/21 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.