ENXTPA:MUN

Stock Analysis Report

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Executive Summary

Micropole S.A. operates as a consulting, engineering, and training company in France and internationally. More Details


Snowflake Analysis

Undervalued with excellent balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: MUN is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MUN's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

2.8%

MUN

3.1%

FR IT

2.1%

FR Market


1 Year Return

-17.7%

MUN

13.3%

FR IT

-2.7%

FR Market

Return vs Industry: MUN underperformed the French IT industry which returned 13.3% over the past year.

Return vs Market: MUN underperformed the French Market which returned -2.7% over the past year.


Shareholder returns

MUNIndustryMarket
7 Day2.8%3.1%2.1%
30 Day-4.0%8.7%10.6%
90 Day-10.7%3.0%10.6%
1 Year-17.7%-17.7%14.0%13.3%-0.6%-2.7%
3 Year-16.2%-16.2%22.5%11.2%15.9%6.3%
5 Year48.5%47.3%86.4%65.7%43.4%23.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MUN (€1.09) is trading below our estimate of fair value (€17.96)

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


Price To Earnings Ratio

PE vs Industry: MUN is good value based on its PE Ratio (13.9x) compared to the FR IT industry average (20x).

PE vs Market: MUN is good value based on its PE Ratio (13.9x) compared to the French market (20.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MUN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MUN is good value based on its PB Ratio (0.6x) compared to the FR IT industry average (1.9x).


Next Steps

Future Growth

How is Micropole forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

28.5%

Forecasted Software industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Micropole has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Micropole performed over the past 5 years?

49.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MUN has a large one-off loss of €1.2M impacting its June 30 2020 financial results.

Growing Profit Margin: MUN's current net profit margins (2%) are higher than last year (1.1%).


Past Earnings Growth Analysis

Earnings Trend: MUN has become profitable over the past 5 years, growing earnings by 49.4% per year.

Accelerating Growth: MUN's earnings growth over the past year (84.3%) exceeds its 5-year average (49.4% per year).

Earnings vs Industry: MUN earnings growth over the past year (84.3%) exceeded the IT industry -2.1%.


Return on Equity

High ROE: MUN's Return on Equity (4.4%) is considered low.


Next Steps

Financial Health

How is Micropole's financial position?


Financial Position Analysis

Short Term Liabilities: MUN's short term assets (€70.9M) exceed its short term liabilities (€62.1M).

Long Term Liabilities: MUN's short term assets (€70.9M) exceed its long term liabilities (€24.1M).


Debt to Equity History and Analysis

Debt Level: MUN's debt to equity ratio (45.6%) is considered high.

Reducing Debt: MUN's debt to equity ratio has reduced from 50.1% to 45.6% over the past 5 years.

Debt Coverage: MUN's debt is well covered by operating cash flow (88.4%).

Interest Coverage: MUN's interest payments on its debt are well covered by EBIT (10.6x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if MUN'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 MUN'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

Christian Poyau

no data

Tenure

€396,000

Compensation

Mr. Christian Poyau founded Micropole SA and serves as its Chairman and Chief Executive Officer. Mr. Poyau serves as Chief Executive Officer of Univers Informatique SA since 2002 and Micropole-Univers Cons...


CEO Compensation Analysis

Compensation vs Market: Christian's total compensation ($USD469.64K) is above average for companies of similar size in the French market ($USD276.45K).

Compensation vs Earnings: Christian's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Christian Poyau
Co-Founderno data€396.00k12.17%
€ 3.7m
Thierry Letoffe
Co-Founderno data€396.00k9.15%
€ 2.8m
Nicolas Rebours
Administrative & Financial Director0.83yrno datano data
Anne-Flore Gal
Human Resources Director1.67yrsno datano data
Jean-Paul Goury
Director of Regions France8.75yrsno datano data
Yves Colinet
Managing Director of Belgium & Luxembourg2.83yrsno datano data
Ping Lin
Chief Executive Officer of China2.83yrsno datano data
Charles Parat
Innovation Director4.83yrsno datano data

2.8yrs

Average Tenure

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


Board Members

NamePositionTenureCompensationOwnership
Christian Poyau
Co-Founderno data€396.00k12.17%
€ 3.7m
Thierry Letoffe
Co-Founderno data€396.00k9.15%
€ 2.8m
Christine Leonard
Director5.42yrsno datano data
Antoine Antoun
Independent Directorno datano datano data
Sylvie Letoffe
Director3.83yrsno datano data
Sophie Le Tanneur
Independent Director2.83yrsno datano data

3.8yrs

Average Tenure

Experienced Board: MUN's board of directors are considered experienced (3.8 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

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


Key Information

  • Name: Micropole S.A.
  • Ticker: MUN
  • Exchange: ENXTPA
  • Founded: 1987
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: €30.317m
  • Shares outstanding: 27.81m
  • Website: https://www.micropole.com

Location

  • Micropole S.A.
  • 91-95 rue Carnot
  • Levallois-perret
  • Ile-de-France
  • 92300
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MUNENXTPA (Euronext Paris)YesOrdinary SharesFREURSep 2000
0MV0LSE (London Stock Exchange)YesOrdinary SharesGBEURSep 2000
MUNPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURSep 2000
MP4DB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 2000

Biography

Micropole S.A. operates as a consulting, engineering, and training company in France and internationally. It engages in the development and integration of decision-support, performance management, digital ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/22 21:18
End of Day Share Price2020/11/20 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.