Lacroix SA develops, industrializes, produces, and integrates electronic assemblies and subassemblies for the automobile, aeronautics, home automation, industrial, and health sectors in France, Germany, Poland, Italy, Spain, and Tunisia.
Good value with proven track record and pays a dividend.
Share Price & News
How has Lacroix's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LACR's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: LACR underperformed the French Electronic industry which returned 29.4% over the past year.
Return vs Market: LACR matched the French Market which returned -18.6% over the past year.
Price Volatility Vs. Market
How volatile is Lacroix's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StA Sliding Share Price Has Us Looking At Lacroix SA's (EPA:LACR) P/E Ratio
3 weeks ago | Simply Wall StHow Does Lacroix SA (EPA:LACR) Fare As A Dividend Stock?
1 month ago | Simply Wall StIs Lacroix SA's (EPA:LACR) ROE Of 11% Impressive?
Is Lacroix undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: LACR (€18.65) is trading above our estimate of fair value (€9.37)
Significantly Below Fair Value: LACR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LACR is good value based on its PE Ratio (6.3x) compared to the Electronic industry average (10.5x).
PE vs Market: LACR is good value based on its PE Ratio (6.3x) compared to the French market (13.2x).
Price to Earnings Growth Ratio
PEG Ratio: LACR is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: LACR is good value based on its PB Ratio (0.7x) compared to the FR Electronic industry average (1.2x).
How is Lacroix forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LACR's forecast earnings growth (18.6% per year) is above the savings rate (-0.1%).
Earnings vs Market: LACR's earnings (18.6% per year) are forecast to grow faster than the French market (12.1% per year).
High Growth Earnings: LACR's earnings are forecast to grow, but not significantly.
Revenue vs Market: LACR's revenue (4.6% per year) is forecast to grow faster than the French market (3.5% per year).
High Growth Revenue: LACR's revenue (4.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LACR's Return on Equity is forecast to be low in 3 years time (12.1%).
How has Lacroix performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LACR has high quality earnings.
Growing Profit Margin: LACR's current net profit margins (2.2%) are higher than last year (1.8%).
Past Earnings Growth Analysis
Earnings Trend: LACR's earnings have grown significantly by 28.3% per year over the past 5 years.
Accelerating Growth: LACR's earnings growth over the past year (29%) exceeds its 5-year average (28.3% per year).
Earnings vs Industry: LACR earnings growth over the past year (29%) underperformed the Electronic industry 45.5%.
Return on Equity
High ROE: LACR's Return on Equity (10.8%) is considered low.
How is Lacroix's financial position?
Financial Position Analysis
Short Term Liabilities: LACR's short term assets (€219.0M) exceed its short term liabilities (€149.1M).
Long Term Liabilities: LACR's short term assets (€219.0M) exceed its long term liabilities (€74.9M).
Debt to Equity History and Analysis
Debt Level: LACR's debt to equity ratio (67.9%) is considered high.
Reducing Debt: LACR's debt to equity ratio has increased from 42.8% to 67.9% over the past 5 years.
Debt Coverage: LACR's debt is not well covered by operating cash flow (9%).
Interest Coverage: LACR's interest payments on its debt are well covered by EBIT (28.4x coverage).
Inventory Level: LACR has a high level of physical assets or inventory.
Debt Coverage by Assets: LACR's debt is covered by short term assets (assets are 3.1x debt).
What is Lacroix's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: LACR's dividend (4.83%) is higher than the bottom 25% of dividend payers in the French market (2.07%).
High Dividend: LACR's dividend (4.83%) is low compared to the top 25% of dividend payers in the French market (6.43%).
Stability and Growth of Payments
Stable Dividend: LACR's dividend payments have been volatile in the past 10 years.
Growing Dividend: LACR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.3%), LACR's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LACR's dividends in 3 years are forecast to be well covered by earnings (28.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Vincent Bedouin (44yo)
Mr. Vincent Bedouin serves as President, Chief Executive Officer and Director of Lacroix SA since July 26, 2018. He served as Chairman of Executive Board of Lacroix SA since October 1, 2015 and served as i ...
CEO Compensation Analysis
Compensation vs Market: Vincent's total compensation ($USD372.43K) is about average for companies of similar size in the French market ($USD319.20K).
Compensation vs Earnings: Vincent's compensation has been consistent with company performance over the past year.
|President||no data||€340.59k||2.81% €1.9m|
|COO, Executive VP of Finance & Director||1.75yrs||€211.45k||2.82% €1.9m|
|Honorary Chairman||1.75yrs||€120.13k||5.03% €3.4m|
|Director||no data||€8.50k||no data|
|Director||no data||€8.50k||no data|
Experienced Board: LACR's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Lacroix SA's company bio, employee growth, exchange listings and data sources
- Name: Lacroix SA
- Ticker: LACR
- Exchange: ENXTPA
- Founded: 1936
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: €66.730m
- Shares outstanding: 3.58m
- Website: https://www.lacroix-group.com
Number of Employees
- Lacroix SA
- 8, Impasse du Bourrelier
- PO Box 30004
- Pays de la Loire
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|LACR||ENXTPA (Euronext Paris)||Yes||Common Shares||FR||EUR||Dec 1992|
|0F1U||LSE (London Stock Exchange)||Yes||Common Shares||GB||EUR||Dec 1992|
|LACRP||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Common Shares||GB||EUR||Dec 1992|
Lacroix SA develops, industrializes, produces, and integrates electronic assemblies and subassemblies for the automobile, aeronautics, home automation, industrial, and health sectors in France, Germany, Poland, Italy, Spain, and Tunisia. It also designs and produces equipment to guide, optimize, and secure the flow of vehicles and people in the areas of road signage, traffic management and regulation, public lighting, and V2X; and equipment to remotely control, automate, and manage water and energy infrastructure. The company was founded in 1936 and is headquartered in Saint-Herblain, France.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/01 20:51|
|End of Day Share Price||2020/04/01 00:00|
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.