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Lacroix

ENXTPA:LACR
Snowflake Description

Good value with reasonable growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LACR
ENXTPA
€77M
Market Cap
  1. Home
  2. FR
  3. Tech
Company description

Lacroix SA engages in the design and industrialization of electronic sub-assemblies for small to medium series for the professional electronics markets in France, Cameroon, Germany, Italy, Poland, Spain, and Tunisia. The last earnings update was 50 days ago. More info.


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LACR Share Price and Events
7 Day Returns
0.5%
ENXTPA:LACR
2.4%
FR Electronic
0.6%
FR Market
1 Year Returns
-39.3%
ENXTPA:LACR
-6.6%
FR Electronic
4.2%
FR Market
LACR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lacroix (LACR) 0.5% -5.3% 14.6% -39.3% 27.4% 0.5%
FR Electronic 2.4% 9.5% 27.3% -6.6% -28.4% 1.7%
FR Market 0.6% 4.1% 15.1% 4.2% 29.8% 30.5%
1 Year Return vs Industry and Market
  • LACR underperformed the Electronic industry which returned -6.6% over the past year.
  • LACR underperformed the Market in France which returned 4.2% over the past year.
Price Volatility
LACR
Industry
5yr Volatility vs Market
Related Companies

LACR Value

 Is Lacroix undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Lacroix to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Lacroix.

ENXTPA:LACR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
Perpetual Growth Rate 10-Year FR Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTPA:LACR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.068 (1 + (1- 33%) (67.64%))
1.369
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.37
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (1.369 * 6.65%)
9.84%

Discounted Cash Flow Calculation for ENXTPA:LACR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Lacroix is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ENXTPA:LACR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.84%)
2019 15.60 Analyst x1 14.20
2020 8.55 Analyst x2 7.09
2021 5.08 Est @ -40.57% 3.83
2022 3.65 Est @ -28.18% 2.51
2023 2.94 Est @ -19.5% 1.84
2024 2.54 Est @ -13.43% 1.45
2025 2.31 Est @ -9.18% 1.20
2026 2.17 Est @ -6.21% 1.02
2027 2.08 Est @ -4.13% 0.89
2028 2.02 Est @ -2.67% 0.79
Present value of next 10 years cash flows €34.82
ENXTPA:LACR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €2.02 × (1 + 0.73%) ÷ (9.84% – 0.73%)
€22.36
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €22.36 ÷ (1 + 9.84%)10
€8.75
ENXTPA:LACR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €34.82 + €8.75
€43.57
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €43.57 / 3.57
€12.2
ENXTPA:LACR Discount to Share Price
Calculation Result
Value per share (EUR) From above. €12.20
Current discount Discount to share price of €21.60
= -1 x (€21.60 - €12.20) / €12.20
-77.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Lacroix is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Lacroix's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lacroix's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:LACR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in EUR €2.30
ENXTPA:LACR Share Price ** ENXTPA (2019-03-22) in EUR €21.6
France Electronic Industry PE Ratio Median Figure of 14 Publicly-Listed Electronic Companies 12.64x
France Market PE Ratio Median Figure of 419 Publicly-Listed Companies 15.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Lacroix.

ENXTPA:LACR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:LACR Share Price ÷ EPS (both in EUR)

= 21.6 ÷ 2.30

9.39x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lacroix is good value based on earnings compared to the FR Electronic industry average.
  • Lacroix is good value based on earnings compared to the France market.
Price based on expected Growth
Does Lacroix's expected growth come at a high price?
Raw Data
ENXTPA:LACR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
23.2%per year
France Electronic Industry PEG Ratio Median Figure of 8 Publicly-Listed Electronic Companies 1.09x
France Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

ENXTPA:LACR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.39x ÷ 23.2%

0.4x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lacroix is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Lacroix's assets?
Raw Data
ENXTPA:LACR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in EUR €28.03
ENXTPA:LACR Share Price * ENXTPA (2019-03-22) in EUR €21.6
France Electronic Industry PB Ratio Median Figure of 20 Publicly-Listed Electronic Companies 1.27x
France Market PB Ratio Median Figure of 619 Publicly-Listed Companies 1.49x
ENXTPA:LACR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:LACR Share Price ÷ Book Value per Share (both in EUR)

= 21.6 ÷ 28.03

0.77x

* Primary Listing of Lacroix.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lacroix is good value based on assets compared to the FR Electronic industry average.
X
Value checks
We assess Lacroix's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Lacroix has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

LACR Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
23.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lacroix expected to grow at an attractive rate?
  • Lacroix's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Lacroix's earnings growth is expected to exceed the France market average.
  • Lacroix's revenue growth is expected to exceed the France market average.
Annual Growth Rates Comparison
Raw Data
ENXTPA:LACR Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:LACR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 23.2%
ENXTPA:LACR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 5.3%
France Electronic Industry Earnings Growth Rate Market Cap Weighted Average 24.9%
France Electronic Industry Revenue Growth Rate Market Cap Weighted Average 9.4%
France Market Earnings Growth Rate Market Cap Weighted Average 13.1%
France Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTPA:LACR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:LACR Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-09-30 521 24 13 2
2019-09-30 497 22 12 2
ENXTPA:LACR Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-09-30 468 11 8
2018-06-30 463 8
2018-03-31 459 10 8
2017-12-31 450 15 8
2017-09-30 441 19 8
2017-06-30 437 2
2017-03-31 433 15 -4
2016-12-31 431 11 -6
2016-09-30 428 7 -9
2016-06-30 424 -5
2016-03-31 420 15 -1
2015-12-31 408 15 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lacroix's earnings are expected to grow significantly at over 20% yearly.
  • Lacroix's revenue is expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTPA:LACR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Lacroix Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:LACR Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-09-30 3.60 3.69 3.51 2.00
2019-09-30 3.11 3.11 3.10 2.00
ENXTPA:LACR Past Financials Data
Date (Data in EUR Millions) EPS *
2018-09-30 2.30
2018-06-30 2.23
2018-03-31 2.40
2017-12-31 2.45
2017-09-30 2.25
2017-06-30 0.55
2017-03-31 -1.14
2016-12-31 -1.80
2016-09-30 -2.47
2016-06-30 -1.38
2016-03-31 -0.29
2015-12-31 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Lacroix is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Lacroix's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the France market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the France market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Lacroix has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

LACR Past Performance

  How has Lacroix performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Lacroix's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Lacroix's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Lacroix's 1-year earnings growth exceeds its 5-year average (2.6% vs -7%)
  • Lacroix's earnings growth has exceeded the FR Electronic industry average in the past year (2.6% vs -0.1%).
Earnings and Revenue History
Lacroix's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Lacroix Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:LACR Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 468.29 8.23 112.48
2018-06-30 463.46 7.96 110.44
2018-03-31 458.62 7.68 108.46
2017-12-31 450.02 7.85 105.80
2017-09-30 441.42 8.03 103.08
2017-06-30 437.32 1.98 101.51
2017-03-31 433.21 -4.06 99.95
2016-12-31 430.81 -6.44 100.55
2016-09-30 428.40 -8.82 101.16
2016-06-30 424.25 -4.92 102.60
2016-03-31 420.09 -1.01 104.03
2015-12-31 407.57 -0.01 103.17
2015-09-30 395.06 0.99 102.30
2015-06-30 384.91 2.87 100.07
2015-03-31 374.77 4.76 97.85
2014-12-31 365.31 6.82 95.79
2014-09-30 355.86 8.89 93.72
2014-06-30 349.72 8.48 92.95
2014-03-31 343.59 8.08 92.17
2013-12-31 336.19 6.44 92.23
2013-09-30 328.80 4.81 92.28
2013-06-30 324.62 4.77 93.16
2013-03-31 320.45 4.73 94.04
2012-12-31 322.68 5.29 94.09
2012-09-30 324.92 5.85 94.14
2012-06-30 320.09 5.60 92.79
2012-03-31 315.25 5.35 91.44

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Lacroix has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Lacroix used its assets less efficiently than the FR Electronic industry average last year based on Return on Assets.
  • Lacroix has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Lacroix's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Lacroix has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

LACR Health

 How is Lacroix's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Lacroix's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lacroix is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Lacroix's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Lacroix's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Lacroix Company Filings, last reported 5 months ago.

ENXTPA:LACR Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 100.42 52.19 18.30
2018-06-30 100.42 52.19 18.30
2018-03-31 95.03 56.26 23.57
2017-12-31 95.03 56.26 23.57
2017-09-30 93.76 49.32 19.43
2017-06-30 93.76 49.32 19.43
2017-03-31 88.69 46.92 19.79
2016-12-31 88.69 46.92 19.79
2016-09-30 86.17 52.16 17.71
2016-06-30 86.17 52.16 17.71
2016-03-31 94.65 52.06 24.24
2015-12-31 94.65 52.06 24.24
2015-09-30 98.84 53.93 21.58
2015-06-30 98.84 53.93 21.58
2015-03-31 99.00 52.11 29.11
2014-12-31 99.00 52.11 29.11
2014-09-30 101.52 45.49 23.01
2014-06-30 101.52 45.49 23.01
2014-03-31 98.29 46.19 27.53
2013-12-31 98.29 46.19 27.53
2013-09-30 95.40 48.84 20.50
2013-06-30 95.40 48.84 20.50
2013-03-31 92.56 47.21 18.03
2012-12-31 92.56 47.21 18.03
2012-09-30 93.09 43.99 10.47
2012-06-30 93.09 43.99 10.47
2012-03-31 90.11 47.03 8.69
  • Lacroix's level of debt (52%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (51.1% vs 52% today).
  • Debt is well covered by operating cash flow (20.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 15.2x coverage).
X
Financial health checks
We assess Lacroix's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Lacroix has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

LACR Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.33%
Current annual income from Lacroix dividends. Estimated to be 4.49% next year.
If you bought €2,000 of Lacroix shares you are expected to receive €67 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Lacroix's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.68%).
  • Lacroix's dividend is below the markets top 25% of dividend payers in France (4.53%).
Upcoming dividend payment

Purchase Lacroix on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTPA:LACR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
France Electronic Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 2.5%
France Market Average Dividend Yield Market Cap Weighted Average of 319 Stocks 3.1%
France Minimum Threshold Dividend Yield 10th Percentile 1%
France Bottom 25% Dividend Yield 25th Percentile 1.7%
France Top 25% Dividend Yield 75th Percentile 4.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTPA:LACR Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2020-09-30 1.04 2.00
2019-09-30 0.90 2.00
ENXTPA:LACR Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-01-31 0.720 3.318
2019-01-17 0.720 3.371
2018-01-29 0.600 2.237
2017-02-02 0.400 1.833
2016-02-05 0.400 2.256
2015-01-27 0.700 3.041
2014-02-03 0.500 2.281
2014-01-06 0.500 2.713
2013-02-01 0.500 3.706
2013-01-07 0.500 3.913
2012-01-27 0.500 4.044
2012-01-03 0.500 3.329
2011-01-04 0.500 2.736
2009-11-30 0.300 2.155
2009-03-23 0.600 4.534

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Lacroix's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.5x coverage).
X
Income/ dividend checks
We assess Lacroix's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Lacroix afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lacroix has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LACR Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Vincent Bedouin
COMPENSATION €285,016
AGE 43
CEO Bio

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 its Managing Director and Chief Executive Officer. Mr. Bedouin served as Member of Executive Board of Lacroix SA since 2013. Mr. Bedouin served as the Managing Director and Member of Executive Board of Lacroix Electronique SA, a subsidiary of Lacroix SA. Mr. Bedouin served as Member of Supervisory board of Lacroix SA. He is an EM Lyon graduate.

CEO Compensation
  • Vincent's compensation has increased by more than 20% in the past year.
  • Vincent's remuneration is higher than average for companies of similar size in France.
Management Team

Vincent Bedouin

TITLE
President
COMPENSATION
€285K
AGE
43

Nicolas Bedouin

TITLE
COO, Executive VP of Finance & Director
COMPENSATION
€170K
AGE
40
TENURE
9.2 yrs

Franck Legrand

TITLE
General Counsel

Landry Chiron

TITLE
Communications Director

Thomas Lesort

TITLE
Human Resource Director

Catherine Failliet

TITLE
Managing Director Lacroix Sofrel

Stéphane Klajzyngier

TITLE
Managing Director Lacroix Electronics
AGE
53
Board of Directors Tenure

Average tenure and age of the Lacroix board of directors in years:

0.7
Average Tenure
50
Average Age
  • The average tenure for the Lacroix board of directors is less than 3 years, this suggests a new board.
Board of Directors

Vincent Bedouin

TITLE
President
COMPENSATION
€285K
AGE
43
TENURE
0.7 yrs

Jean-Paul Bedouin

TITLE
Honorary Chairman
COMPENSATION
€115K
TENURE
0.7 yrs

Nicolas Bedouin

TITLE
COO, Executive VP of Finance & Director
COMPENSATION
€170K
AGE
40
TENURE
0.7 yrs

Pierre Tiers

TITLE
Director
AGE
66
TENURE
0.7 yrs

Hugues Meili

TITLE
Director
TENURE
0.7 yrs

Marie-Reine Bedouin

TITLE
Director
COMPENSATION
€12K
TENURE
0.7 yrs

Hubert de Boisredon

TITLE
Director
AGE
50
TENURE
0.7 yrs

Muriel Barnéoud

TITLE
Director
AGE
51

Ariane Malbat

TITLE
Director
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Lacroix's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Lacroix has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

LACR News

Simply Wall St News

How Financially Strong Is Lacroix SA (EPA:LACR)?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Understanding the company's financial health becomes. … We'll look at some basic checks that can form a snapshot the company’s financial strength.

Simply Wall St -

Does Lacroix SA (EPA:LACR) Have A Good P/E Ratio?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … How Do I Calculate A Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Lacroix SA's (EPA:LACR) Earnings Grew 2.6%, Did It Beat Long-Term Trend?

Below, I assess LACR's latest performance announced on 30 September 2018 and evaluate these figures to its historical trend and industry movements. … Did LACR's recent earnings growth beat the long-term trend and the industry. … LACR's trailing twelve-month earnings (from 30 September 2018) of €8.2m has.

Simply Wall St -

Should Lacroix SA (EPA:LACR) Be Part Of Your Portfolio?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Historically, Lacroix SA (EPA:LACR) has paid a dividend to shareholders. … Let's dig deeper into whether Lacroix should have a place in your portfolio.

Simply Wall St -

What You Must Know About Lacroix SA's (EPA:LACR) Financial Strength

While small-cap stocks, such as Lacroix SA (EPA:LACR) with its market cap of €70m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Want To Invest In Lacroix SA (EPA:LACR) Today? Read This First

Lacroix SA (EPA:LACR) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of €19.6 is based on unrealistic expectations. … Let’s look into this by assessing LACR's expected growth over the next few years. … Lacroix is poised for extremely high earnings growth in the near future

Simply Wall St -

Estimating The Fair Value Of Lacroix SA (EPA:LACR)

How far off is Lacroix SA (EPA:LACR) from its intrinsic value? … by estimating the company's future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Lacroix SA (EPA:LACR): The Best Of Both Worlds

Attractive stocks have exceptional fundamentals. … In the case of Lacroix SA (EPA:LACR), there's. … reflected in the share price

Simply Wall St -

What You Must Know About Lacroix SA's (EPA:LACR) Financial Strength

Investors are always looking for growth in small-cap stocks like Lacroix SA (EPA:LACR), with a market cap of €96.01m. … However, an important fact which most ignore is: how financially healthy is the business? … Assessing first and foremost the financial health is

Simply Wall St -

Lacroix SA (EPA:LACR): Can Growth Justify Its August Share Price?

Lacroix SA (EPA:LACR) is considered a high-growth stock, but its last closing price of €25.6 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … What can we expect from Lacroix in the future. … Lacroix's extremely high growth potential in the near future is attracting investors

Simply Wall St -

LACR Company Info

Description

Lacroix SA engages in the design and industrialization of electronic sub-assemblies for small to medium series for the professional electronics markets in France, Cameroon, Germany, Italy, Poland, Spain, and Tunisia. It also designs and markets turnkey equipment for the acquisition, processing, and transmission of information under stress environment; and designs and manufactures equipment to guide, optimize, and secure the flow of vehicles and people in the areas of road signs, urban and interurban traffic management, and street lighting. The company was founded in 1947 and is headquartered in Saint-Herblain, France. Lacroix SA is a subsidiary of Bedouin Family Trust.

Details
Name: Lacroix SA
LACR
Exchange: ENXTPA
Founded: 1947
€77,151,830
3,571,844
Website: http://www.lacroix-group.com
Address: Lacroix SA
8, Impasse du Bourrelier,
BP 30004,
Saint-Herblain,
Pays de la Loire, 44801,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA LACR Common Shares Euronext Paris FR EUR 17. Dec 1992
LSE 0F1U Common Shares London Stock Exchange GB EUR 17. Dec 1992
BATS-CHIXE LACRP Common Shares BATS 'Chi-X Europe' GB EUR 17. Dec 1992
Number of employees
Current staff
Staff numbers
4,044
Lacroix employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/22 20:44
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/02/15
Last earnings filing: 2019/01/31
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.