ENXTPA:SRP

Stock Analysis Report

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Executive Summary

SRP Groupe S.A. engages in the e-commerce business in France, Belgium, Spain, Italy, Portugal, Poland, the Netherlands, Germany, the United Kingdom, and Morocco. More Details


Snowflake Analysis

Adequate balance sheet with moderate growth potential.


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

Stable Share Price: SRP is more volatile than 75% of French stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: SRP's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of French stocks.


Market Performance


7 Day Return

11.3%

SRP

5.6%

FR Online Retail

0.8%

FR Market


1 Year Return

5.9%

SRP

33.4%

FR Online Retail

-2.7%

FR Market

Return vs Industry: SRP underperformed the French Online Retail industry which returned 34.6% over the past year.

Return vs Market: SRP exceeded the French Market which returned -3.4% over the past year.


Shareholder returns

SRPIndustryMarket
7 Day11.3%5.6%0.8%
30 Day47.2%15.8%11.0%
90 Day106.5%31.4%10.1%
1 Year108.0%5.9%54.7%33.4%-0.7%-2.7%
3 Year-65.3%-83.2%-29.2%-51.9%17.3%7.7%
5 Year-81.7%-91.1%-38.6%-65.3%45.4%25.6%

Long-Term 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?

0.55x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: SRP (€1.59) is trading above our estimate of fair value (€0.81)

Significantly Below Fair Value: SRP is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SRP is unprofitable, so we can't compare its PE Ratio to the FR 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 (0.6x) compared to the FR Online Retail industry average (2.5x).


Next Steps

Future Growth

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

116.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: SRP's revenue is expected to decline over the next 3 years (-2.7% per year).

High Growth Revenue: SRP's revenue is forecast to decline over the next 3 years (-2.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SRP's Return on Equity is forecast to be low in 3 years time (1%).


Next Steps

Past Performance

How has SRP Groupe performed over the past 5 years?

-75.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SRP is currently unprofitable.

Growing Profit Margin: SRP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SRP is unprofitable, and losses have increased over the past 5 years at a rate of 75.6% 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 (0.04%).


Return on Equity

High ROE: SRP has a negative Return on Equity (-24.39%), as it is currently unprofitable.


Next Steps

Financial Health

How is SRP Groupe's financial position?


Financial Position Analysis

Short Term Liabilities: SRP's short term assets (€246.4M) exceed its short term liabilities (€200.9M).

Long Term Liabilities: SRP's short term assets (€246.4M) exceed its long term liabilities (€118.5M).


Debt to Equity History and Analysis

Debt Level: SRP's debt to equity ratio (68.4%) is considered high.

Reducing Debt: SRP's debt to equity ratio has increased from 0% to 68.4% over the past 5 years.


Balance Sheet


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: Whilst unprofitable SRP has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: SRP is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 36.3% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate SRP'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 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

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

2.8yrs

Average management tenure


CEO

David Dayan (46 yo)

0.67

Tenure

€336,000

Compensation

Mr. David Dayan has served as the Chairman of the Board at SRP Groupe S.A. since July 29, 2010 and served as its Deputy Chief Executive Officer since November 8, 2017 until March 2020. He serves as Chief ...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD399.24K) is about average for companies of similar size in the French market ($USD476.54K).

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


Leadership Team

NamePositionTenureCompensationOwnership
David Dayan
Chairman & CEO0.67yr€336.00k24.84%
€ 46.9m
Thierry Petit
Deputy CEO & Director10.33yrs€336.00k17.84%
€ 33.7m
Francois de Castelnau
Chief Financial Officerno datano datano data
Arnaud Poisson
Chief Operating Officerno datano datano data
Frederic Delale
Chief Technical Officer & Chief Information Officer13.83yrsno datano data
Sarah Dupond
General Counsel & Compliance Officerno datano datano data
Adeline Pastor
Head of press relationsno datano datano data
Aurélie Bouvart
Chief Marketing Officer2.75yrsno datano data
Sophie Rémusat
Human Resources Directorno datano datano data
Anil Benard-Dende
Deputy Chief Executive Officer2.83yrsno datano data
Stephane Ploujoux
Chief Strategy & Marketing Officer1.83yrsno datano data

2.8yrs

Average Tenure

Experienced Management: SRP's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Dayan
Chairman & CEO0.67yr€336.00k24.84%
€ 46.9m
Thierry Petit
Deputy CEO & Director10.33yrs€336.00k17.84%
€ 33.7m
Marie Ekeland
Independent Director5.08yrs€22.00k0.00017%
€ 321.1
Eric Dayan
Director5.08yrsno datano data
Michaël Dayan
Director5.08yrsno datano data
Olivier Marcheteau
Independent Director5.08yrs€43.49k0.00017%
€ 321.1
Melissa Birge
Independent Director5.08yrs€37.00k0.00017%
€ 321.1
Cyril Vermeulen
Independent Director2.33yrs€40.57k0.035%
€ 66.8k
Amélie Oudéa-Castera
Director2yrsno data0.00017%
€ 321.1
Irache Abasolo
Director1.83yrs€87.26kno data

5.1yrs

Average Tenure

45yo

Average Age

Experienced Board: SRP's board of directors are considered experienced (5.1 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 been substantially diluted in the past year, with total shares outstanding growing by 131.5%.


Top Shareholders

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: €188.880m
  • Shares outstanding: 117.32m
  • Website: https://www.showroomprivegroup.com

Number of Employees


Location

  • SRP Groupe S.A.
  • 1, rue des BlEs
  • 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 e-commerce business in France, Belgium, Spain, Italy, Portugal, Poland, the Netherlands, Germany, the United Kingdom, and Morocco. The company offers products in the categori...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 20:46
End of Day Share Price2020/11/24 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.