Upcoming Dividend • Jun 16
Upcoming dividend of €0.08 per share Eligible shareholders must have bought the stock before 23 June 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of French dividend payers (5.4%). Higher than average of industry peers (1.2%). Declared Dividend • May 29
Dividend of €0.08 announced Dividend of €0.08 is the same as last year. Ex-date: 23rd June 2026 Payment date: 25th June 2026 Dividend yield will be 3.9%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 59% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 28
GROUPE SFPI SA announces Annual dividend, payable on June 25, 2026 GROUPE SFPI SA announced Annual dividend of EUR 0.0800 per share payable on June 25, 2026, ex-date on June 23, 2026 and record date on June 24, 2026. Announcement • May 07
GROUPE SFPI SA, Annual General Meeting, Jun 18, 2026 GROUPE SFPI SA, Annual General Meeting, Jun 18, 2026. Location: 20 rue de l arc de triomphe, paris France Reported Earnings • Apr 22
Full year 2025 earnings released Full year 2025 results: Revenue: €625.1m (down 6.1% from FY 2024). Net income: €16.6m (up 14% from FY 2024). Profit margin: 2.7% (up from 2.2% in FY 2024). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.86, the stock trades at a trailing P/E ratio of 36.2x. Average trailing P/E is 21x in the Electronic industry in France. Total loss to shareholders of 16% over the past three years. New Risk • Apr 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Major Estimate Revision • Oct 01
Consensus EPS estimates fall by 49% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €665.0m to €613.0m. EPS estimate also fell from €0.214 per share to €0.108 per share. Net income forecast to grow 174% next year vs 43% growth forecast for Electronic industry in France. Consensus price target down from €2.50 to €1.80. Share price fell 2.2% to €1.97 over the past week. Upcoming Dividend • Jun 18
Upcoming dividend of €0.08 per share Eligible shareholders must have bought the stock before 25 June 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of French dividend payers (5.4%). Higher than average of industry peers (0.6%). Declared Dividend • May 19
Dividend increased to €0.08 Dividend of €0.08 is 167% higher than last year. Ex-date: 25th June 2025 Payment date: 27th June 2025 Dividend yield will be 3.8%, which is higher than the industry average of 2.4%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend. Announcement • May 15
GROUPE SFPI SA, Annual General Meeting, Jun 20, 2025 GROUPE SFPI SA, Annual General Meeting, Jun 20, 2025. Location: 20 rue de l arc de triomphe, paris France New Risk • Apr 20
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. New Risk • Apr 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 35% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 17
Full year 2024 earnings: Revenues in line with analyst expectations Full year 2024 results: Revenue: €665.8m (down 3.3% from FY 2023). Net income: €14.5m (up €13.3m from FY 2023). Profit margin: 2.2% (up from 0.2% in FY 2023). Revenue was in line with analyst estimates. Revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in France. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €1.62, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Electronic industry in France. Total loss to shareholders of 34% over the past three years. Major Estimate Revision • Oct 03
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €691.4m to €665.0m. EPS estimate also fell from €0.224 per share to €0.19 per share. Net income forecast to grow 323% next year vs 17% growth forecast for Electronic industry in France. Consensus price target down from €2.80 to €2.20. Share price rose 2.9% to €1.96 over the past week. Reported Earnings • Oct 02
First half 2024 earnings released First half 2024 results: Revenue: €341.6m (down 4.2% from 1H 2023). Net income: €9.90m (up 50% from 1H 2023). Profit margin: 2.9% (up from 1.8% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 2 years compared to a 24% growth forecast for the Electronic industry in France. Price Target Changed • Sep 26
Price target decreased by 27% to €2.20 Down from €3.00, the current price target is provided by 1 analyst. New target price is 18% above last closing price of €1.87. Stock is up 2.5% over the past year. The company is forecast to post earnings per share of €0.19 for next year compared to €0.013 last year. Reported Earnings • Apr 30
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: €0.01 (down from €0.24 in FY 2022). Revenue: €688.8m (up 9.5% from FY 2022). Net income: €1.18m (down 95% from FY 2022). Profit margin: 0.2% (down from 3.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in France. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. New Risk • Apr 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.6% net profit margin). Announcement • Feb 27
GROUPE SFPI SA to Report Fiscal Year 2023 Results on Apr 18, 2024 GROUPE SFPI SA announced that they will report fiscal year 2023 results at 5:40 PM, Central European Standard Time on Apr 18, 2024 Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to €1.90, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Electronic industry in France. Total returns to shareholders of 15% over the past three years. Price Target Changed • Dec 07
Price target decreased by 17% to €3.00 Down from €3.60, the current price target is provided by 1 analyst. New target price is 91% above last closing price of €1.57. Stock is down 26% over the past year. The company is forecast to post earnings per share of €0.18 for next year compared to €0.24 last year. Announcement • Oct 06
GROUPE SFPI SA, Annual General Meeting, Jun 18, 2024 GROUPE SFPI SA, Annual General Meeting, Jun 18, 2024. Announcement • Aug 27
GROUPE SFPI SA to Report First Half, 2023 Results on Sep 21, 2023 GROUPE SFPI SA announced that they will report first half, 2023 results on Sep 21, 2023 Price Target Changed • Aug 02
Price target increased by 17% to €4.20 Up from €3.60, the current price target is an average from 2 analysts. New target price is 122% above last closing price of €1.89. Stock is down 29% over the past year. The company is forecast to post earnings per share of €0.27 for next year compared to €0.24 last year. Upcoming Dividend • Jun 14
Upcoming dividend of €0.05 per share at 2.3% yield Eligible shareholders must have bought the stock before 21 June 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 21% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of French dividend payers (5.2%). In line with average of industry peers (2.1%). Major Estimate Revision • May 11
Consensus revenue estimates increase by 13% The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from €640.5m to €723.1m. EPS estimate increased from €0.258 to €0.29 per share. Net income forecast to grow 22% next year vs 35% growth forecast for Electronic industry in France. Consensus price target up from €3.60 to €3.75. Share price rose 2.0% to €2.25 over the past week. Price Target Changed • May 10
Price target increased by 10% to €3.75 Up from €3.40, the current price target is an average from 2 analysts. New target price is 70% above last closing price of €2.21. Stock is down 21% over the past year. Reported Earnings • Apr 24
Full year 2022 earnings: Revenues in line with analyst expectations Full year 2022 results: Revenue: €629.1m (up 11% from FY 2021). Net income: €22.0m (down 32% from FY 2021). Profit margin: 3.5% (down from 5.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in France. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Marie-Cecile Matar was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 23
First half 2022 earnings released: EPS: €0.12 (vs €0.17 in 1H 2021) First half 2022 results: EPS: €0.12 (down from €0.17 in 1H 2021). Revenue: €305.9m (up 8.0% from 1H 2021). Net income: €11.0m (down 30% from 1H 2021). Profit margin: 3.6% (down from 5.5% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in France. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jun 24
Price target increased to €4.00 Up from €3.70, the current price target is an average from 2 analysts. New target price is 55% above last closing price of €2.59. Stock is down 8.0% over the past year. The company is forecast to post earnings per share of €0.29 for next year compared to €0.35 last year. Upcoming Dividend • Jun 15
Upcoming dividend of €0.08 per share Eligible shareholders must have bought the stock before 22 June 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of French dividend payers (5.1%). In line with average of industry peers (2.7%). Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Marie-Cecile Matar was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 23
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: €0.34 (up from €0.18 in FY 2020). Revenue: €569.0m (up 14% from FY 2020). Net income: €32.2m (up 83% from FY 2020). Profit margin: 5.7% (up from 3.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 35%. Over the next year, revenue is forecast to grow 6.2%, compared to a 26% growth forecast for the industry in France. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improved over the past week After last week's 19% share price gain to €3.24, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Electronic industry in France. Total returns to shareholders of 47% over the past three years. Reported Earnings • Sep 26
First half 2021 earnings released: EPS €0.16 (vs €0.048 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €283.3m (up 25% from 1H 2020). Net income: €15.7m (up €20.4m from 1H 2020). Profit margin: 5.5% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 15
Upcoming dividend of €0.06 per share Eligible shareholders must have bought the stock before 22 June 2021. Payment date: 24 June 2021. Trailing yield: 2.2%. Lower than top quartile of French dividend payers (3.7%). Higher than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improved over the past week After last week's 16% share price gain to €2.80, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Electronic industry in France. Total loss to shareholders of 10.0% over the past three years. Reported Earnings • May 02
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €498.8m (down 11% from FY 2019). Net income: €17.6m (up 371% from FY 2019). Profit margin: 3.5% (up from 0.7% in FY 2019). The increase in margin was driven by lower expenses. Price Target Changed • Apr 29
Price target increased to €2.85 Up from €2.40, the current price target is an average from 2 analysts. New target price is 27% above last closing price of €2.25. Stock is up 97% over the past year. Price Target Changed • Mar 03
Price target raised to €2.40 Up from €2.15, the current price target is an average from 2 analysts. The new target price is 40% above the current share price of €1.72. As of last close, the stock is up 14% over the past year. Is New 90 Day High Low • Dec 07
New 90-day high: €1.80 The company is up 55% from its price of €1.16 on 08 September 2020. The French market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.82 per share. Is New 90 Day High Low • Nov 17
New 90-day high: €1.55 The company is up 17% from its price of €1.32 on 19 August 2020. The French market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.81 per share. Reported Earnings • Oct 04
First half earnings released Over the last 12 months the company has reported total losses of €5.36m, with earnings decreasing by €13.8m from the prior year. Total revenue was €502.8m over the last 12 months, down 10% from the prior year. Reported Earnings • Sep 25
First half earnings released Over the last 12 months the company has reported total losses of €5.37m, with earnings decreasing by €13.8m from the prior year. Total revenue was €502.9m over the last 12 months, down 10% from the prior year.