Cogelec (ENXTPA:ALLEC) - Share price, News & Analysis

ALLEC fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	5/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

ALLEC Stock Overview

Cogelec SA engages in the manufacture and sale of wireless intercom systems and access control solutions for residential apartment buildings and single-family dwellings in Europe.

Rewards

Trading at 3.5% below our estimate of its fair value

Earnings are forecast to grow 75.18% per year

Risk Analysis

Does not have a meaningful market cap (€66M)

Cogelec Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Cogelec
Historical stock prices
Current Share Price	€7.82
52 Week High	€9.86
52 Week Low	€6.54
Beta	0.83
1 Month Change	2.90%
3 Month Change	3.44%
1 Year Change	-11.74%
3 Year Change	-10.12%
5 Year Change	n/a
Change since IPO	-34.18%

Recent News & Updates

May 24

Cogelec SA (EPA:ALLEC) Shares Could Be 46% Below Their Intrinsic Value Estimate

Today we will run through one way of estimating the intrinsic value of Cogelec SA ( EPA:ALLEC ) by estimating the...

Shareholder Returns

	ALLEC	FR Communications	FR Market
7D	0%	-1.9%	-2.9%
1Y	-11.7%	-7.0%	-6.3%

Return vs Industry: ALLEC underperformed the French Communications industry which returned -7% over the past year.

Return vs Market: ALLEC underperformed the French Market which returned -6.3% over the past year.

Price Volatility

Is ALLEC's price volatile compared to industry and market?
ALLEC volatility
ALLEC Average Weekly Movement	4.5%
Communications Industry Average Movement	6.6%
Market Average Movement	6.0%
10% most volatile stocks in FR Market	10.1%
10% least volatile stocks in FR Market	3.5%

Stable Share Price: ALLEC is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 5% a week.

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

About the Company

Founded	Employees	CEO	Website
2000	311	Roger Leclerc	https://www.cogelec.fr

Cogelec SA engages in the manufacture and sale of wireless intercom systems and access control solutions for residential apartment buildings and single-family dwellings in Europe. It serves collective housing, such as social or private, parking, etc.; individual housing; tertiary sector; and local authorities under the Hexact, Intratone, Kibolt, and Rozoh brands. The company also exports its products.

Cogelec Fundamentals Summary

How do Cogelec's earnings and revenue compare to its market cap?
ALLEC fundamental statistics
Market Cap	€66.48m
Earnings (TTM)	-€3.30m
Revenue (TTM)	€51.50m

1.3x

P/S Ratio

-20.1x

P/E Ratio

Is ALLEC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALLEC income statement (TTM)
Revenue	€51.50m
Cost of Revenue	€17.90m
Gross Profit	€33.60m
Other Expenses	€36.90m
Earnings	-€3.30m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.39
Gross Margin	65.24%
Net Profit Margin	-6.41%
Debt/Equity Ratio	229.1%

How did ALLEC perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

3.5%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: ALLEC (€7.82) is trading below our estimate of fair value (€8.1)

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

Price To Earnings Ratio

PE vs Industry: ALLEC is unprofitable, so we can't compare its Price-To-Earnings Ratio to the French Communications industry average.

PE vs Market: ALLEC is unprofitable, so we can't compare its Price-To-Earnings Ratio to the French market.

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: ALLEC is overvalued based on its Price-To-Book Ratio (8.5x) compared to the FR Communications industry average (1.7x).

Future Growth

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

Future Growth Score

5/6

Future Growth Score 5/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

75.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALLEC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.3%).

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

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

Revenue vs Market: ALLEC's revenue (16.8% per year) is forecast to grow faster than the French market (5.8% per year).

High Growth Revenue: ALLEC's revenue (16.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ALLEC's Return on Equity is forecast to be high in 3 years time (31%)

Past Performance

How has Cogelec performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-57.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ALLEC is currently unprofitable.

Growing Profit Margin: ALLEC is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: ALLEC is unprofitable, and losses have increased over the past 5 years at a rate of 57.6% per year.

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

Earnings vs Industry: ALLEC is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (75.4%).

Return on Equity

High ROE: ALLEC has a negative Return on Equity (-42.39%), as it is currently unprofitable.

Financial Health

How is Cogelec's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ALLEC's short term assets (€50.1M) exceed its short term liabilities (€26.5M).

Long Term Liabilities: ALLEC's short term assets (€50.1M) exceed its long term liabilities (€38.5M).

Debt to Equity History and Analysis

Debt Level: ALLEC has more cash than its total debt.

Reducing Debt: ALLEC's debt to equity ratio has increased from 176.9% to 229.1% 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: Insufficient data to determine if ALLEC has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if ALLEC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

Dividend

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

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if ALLEC's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: ALLEC is not paying a notable dividend for the French market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ALLEC has not reported any payouts.

Discover strong dividend paying companies

Management

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

CEO

Roger Leclerc (55 yo)

no data

Tenure

Mr. Roger Leclerc serves as the Chairman and Chief Executive Officer at Cogelec SA. Mr. Leclerc has a technical background and worked in various companies between 1983 and 1989: he worked in mechanical des...

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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/25 00:00
End of Day Share Price	2022/05/25 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31