company background image
ALD

ALD ENXTPA:ALD Stock Report

Last Price

€9.78

Market Cap

€3.9b

7D

-9.1%

1Y

-17.1%

Updated

29 Sep, 2022

Data

Company Financials +

ALD Competitors

Price History & Performance

Summary of all time highs, changes and price drops for ALD
Historical stock prices
Current Share Price€9.78
52 Week High€14.60
52 Week Low€9.63
Beta1.15
1 Month Change-12.68%
3 Month Change-10.77%
1 Year Change-17.12%
3 Year Change-21.13%
5 Year Change-27.07%
Change since IPO-31.61%

Recent News & Updates

Sep 20
ALD S.A. (EPA:ALD) Shares Could Be 49% Below Their Intrinsic Value Estimate

ALD S.A. (EPA:ALD) Shares Could Be 49% Below Their Intrinsic Value Estimate

How far off is ALD S.A. ( EPA:ALD ) from its intrinsic value? Using the most recent financial data, we'll take a look...

Aug 30
ALD (EPA:ALD) Has A Somewhat Strained Balance Sheet

ALD (EPA:ALD) Has A Somewhat Strained Balance Sheet

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...

Jul 27
What Does ALD S.A.'s (EPA:ALD) Share Price Indicate?

What Does ALD S.A.'s (EPA:ALD) Share Price Indicate?

ALD S.A. ( EPA:ALD ), is not the largest company out there, but it received a lot of attention from a substantial price...

Jun 15
ALD S.A. (EPA:ALD) Shares Could Be 38% Below Their Intrinsic Value Estimate

ALD S.A. (EPA:ALD) Shares Could Be 38% Below Their Intrinsic Value Estimate

Does the June share price for ALD S.A. ( EPA:ALD ) reflect what it's really worth? Today, we will estimate the stock's...

Shareholder Returns

ALDFR TransportationFR Market
7D-9.1%-4.0%-3.7%
1Y-17.1%-13.8%-13.4%

Return vs Industry: ALD underperformed the French Transportation industry which returned -12.2% over the past year.

Return vs Market: ALD underperformed the French Market which returned -12.7% over the past year.

Price Volatility

Is ALD's price volatile compared to industry and market?
ALD volatility
ALD Average Weekly Movement4.2%
Transportation Industry Average Movement3.4%
Market Average Movement4.8%
10% most volatile stocks in FR Market9.1%
10% least volatile stocks in FR Market2.7%

Stable Share Price: ALD is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ALD's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19466,627Tim Albertsenhttps://www.aldautomotive.com

ALD S.A. provides service leasing and vehicle fleet management services. Its products and services include full service leasing, fleet management, outsourcing solutions, and sale and lease back; fleet consultancy; tools and services for fleet managers and drivers; and services for maintenance, assistance, availability of a vehicle. The company is also involved in trading used cars and light commercial vehicles; and the retail sale of vehicles.

ALD Fundamentals Summary

How do ALD's earnings and revenue compare to its market cap?
ALD fundamental statistics
Market Cap€3.94b
Earnings (TTM)€1.13b
Revenue (TTM)€10.77b

3.5x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALD income statement (TTM)
Revenue€10.77b
Cost of Revenue€8.34b
Gross Profit€2.26b
Other Expenses€1.13b
Earnings€1.13b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 04, 2022

Earnings per share (EPS)2.80
Gross Margin21.00%
Net Profit Margin10.47%
Debt/Equity Ratio379.1%

How did ALD perform over the long term?

See historical performance and comparison

Dividends

11.0%

Current Dividend Yield

39%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is ALD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ALD?

Other financial metrics that can be useful for relative valuation.

ALD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.1x
Enterprise Value/EBITDA15.2x
PEG Ratio-0.2x

Price to Earnings Ratio vs Peers

How does ALD's PE Ratio compare to its peers?

ALD PE Ratio vs Peers
The above table shows the PE ratio for ALD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average48.1x
STF STEF
6.9x4.2%€905.5m
IDL ID Logistics Group
36x18.9%€1.4b
ADP Aeroports de Paris
141.1x29.6%€12.0b
SNDR Schneider National
8x-5.8%US$3.8b
ALD ALD
3.5x-15.3%€3.9b

Price-To-Earnings vs Peers: ALD is good value based on its Price-To-Earnings Ratio (3.5x) compared to the peer average (48.1x).


Price to Earnings Ratio vs Industry

How does ALD's PE Ratio compare vs other companies in the European Transportation Industry?

Price-To-Earnings vs Industry: ALD is good value based on its Price-To-Earnings Ratio (3.5x) compared to the European Transportation industry average (12.1x)


Price to Earnings Ratio vs Fair Ratio

What is ALD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ALD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.5x
Fair PE Ratio11.8x

Price-To-Earnings vs Fair Ratio: ALD is good value based on its Price-To-Earnings Ratio (3.5x) compared to the estimated Fair Price-To-Earnings Ratio (11.8x).


Share Price vs Fair Value

What is the Fair Price of ALD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ALD (€9.78) is trading below our estimate of fair value (€21.1)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


Discover undervalued companies

Future Growth

How is ALD forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-15.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALD's earnings are forecast to decline over the next 3 years (-15.3% per year).

Earnings vs Market: ALD's earnings are forecast to decline over the next 3 years (-15.3% per year).

High Growth Earnings: ALD's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ALD's revenue (1.6% per year) is forecast to grow slower than the French market (5.3% per year).

High Growth Revenue: ALD's revenue (1.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ALD's Return on Equity is forecast to be low in 3 years time (13.4%).


Discover growth companies

Past Performance

How has ALD performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


11.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ALD has high quality earnings.

Growing Profit Margin: ALD's current net profit margins (10.5%) are higher than last year (6.2%).


Past Earnings Growth Analysis

Earnings Trend: ALD's earnings have grown by 11.4% per year over the past 5 years.

Accelerating Growth: ALD's earnings growth over the past year (72.1%) exceeds its 5-year average (11.4% per year).

Earnings vs Industry: ALD earnings growth over the past year (72.1%) underperformed the Transportation industry 79.1%.


Return on Equity

High ROE: Whilst ALD's Return on Equity (22.02%) is high, this metric is skewed due to their high level of debt.


Discover strong past performing companies

Financial Health

How is ALD's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ALD's short term assets (€4.4B) do not cover its short term liabilities (€9.7B).

Long Term Liabilities: ALD's short term assets (€4.4B) do not cover its long term liabilities (€14.0B).


Debt to Equity History and Analysis

Debt Level: ALD's net debt to equity ratio (366.9%) is considered high.

Reducing Debt: ALD's debt to equity ratio has reduced from 436.1% to 379.1% over the past 5 years.

Debt Coverage: ALD's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if ALD's interest payments on its debt are well covered by EBIT.


Balance Sheet


Discover healthy companies

Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


11.04%

Current Dividend Yield

Dividend Yield vs Market

ALD Dividend Yield vs Market
How does ALD dividend yield compare to the market?
SegmentDividend Yield
Company (ALD)11.0%
Market Bottom 25% (FR)2.0%
Market Top 25% (FR)6.1%
Industry Average (Transportation)5.8%
Analyst forecast in 3 Years (ALD)11.1%

Notable Dividend: ALD's dividend (11.04%) is higher than the bottom 25% of dividend payers in the French market (1.99%).

High Dividend: ALD's dividend (11.04%) is in the top 25% of dividend payers in the French market (6.21%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ALD has been paying a dividend for less than 10 years.

Growing Dividend: ALD's dividend payments have increased, but the company has only paid a dividend for 5 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (38.6%), ALD's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: ALD is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

4.6yrs

Average management tenure


CEO

Tim Albertsen (59 yo)

1.5yrs

Tenure

€1,098,645

Compensation

Mr. Tim T. Albertsen has been Chief Executive Officer of ALD Automotive at Société Générale SA since March 2020. He has been Chief Executive Officer of ALD S.A. since March 27, 2020 and serves as its Direc...


CEO Compensation Analysis

Tim Albertsen's Compensation vs ALD Earnings
How has Tim Albertsen's remuneration changed compared to ALD's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

€1b

Mar 31 2022n/an/a

€973m

Dec 31 2021€1m€400k

€873m

Sep 30 2021n/an/a

€772m

Jun 30 2021n/an/a

€655m

Mar 31 2021n/an/a

€536m

Dec 31 2020€867k€376k

€500m

Sep 30 2020n/an/a

€475m

Jun 30 2020n/an/a

€480m

Mar 31 2020n/an/a

€549m

Dec 31 2019€769k€292k

€564m

Sep 30 2019n/an/a

€567m

Jun 30 2019n/an/a

€556m

Mar 31 2019n/an/a

€553m

Dec 31 2018€670k€268k

€556m

Sep 30 2018n/an/a

€555m

Jun 30 2018n/an/a

€561m

Mar 31 2018n/an/a

€561m

Dec 31 2017€715k€214k

€568m

Sep 30 2017n/an/a

€539m

Jun 30 2017n/an/a

€534m

Mar 31 2017n/an/a

€524m

Dec 31 2016€497k€165k

€512m

Compensation vs Market: Tim's total compensation ($USD1.07M) is below average for companies of similar size in the French market ($USD2.03M).

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


Leadership Team

Experienced Management: ALD's management team is considered experienced (4.6 years average tenure).


Board Members

Experienced Board: ALD's board of directors are considered experienced (4 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

What is the ownership structure of ALD?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders123,8910.03%
Institutions34,512,1918.6%
General Public45,772,94011.4%
Public Companies322,542,91280.0%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 87.8% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
80.05%
Société Générale Société anonyme
322,542,912€3.2b0%no data
1.85%
BlackRock, Inc.
7,466,655€73.0m-0.19%no data
0.73%
The Vanguard Group, Inc.
2,944,671€28.8m2.11%no data
0.7%
DNCA Finance
2,811,766€27.5m246.74%0.34%
0.5%
Amundi Asset Management
2,023,162€19.8m1.78%0.01%
0.46%
Norges Bank Investment Management
1,848,879€18.1m0%no data
0.45%
Deka Investment GmbH
1,798,500€17.6m0%0.03%
0.43%
Degroof Petercam Asset Management
1,748,168€17.1m0.05%0.11%
0.39%
Alken Asset Management LLP
1,591,174€15.6m8.37%2.79%
0.38%
Sycomore Asset Management SA
1,537,533€15.0m6.33%0.51%
0.3%
Clartan Associés
1,222,213€12.0m-6.21%2.32%
0.26%
Natixis Investment Managers International
1,050,037€10.3m-11.35%0.04%
0.21%
Wellington Management Group LLP
828,016€8.1m0.61%no data
0.19%
Dimensional Fund Advisors LP
771,175€7.5m0.31%no data
0.16%
IndÉPendance Et Expansion Am S.à R.L.
626,304€6.1m-11.16%2.97%
0.13%
Mandarine Gestion
530,210€5.2m0%0.26%
0.086%
Meeschaert Asset Management
348,359€3.4m0%0.67%
0.085%
Farringdon Capital Management
340,558€3.3m99.36%9.48%
0.084%
J.P. Morgan Asset Management, Inc.
337,360€3.3m0%no data
0.079%
Moneta Asset Management
320,000€3.1m0%0.69%
0.067%
Montpensier Finance S.A.S, Asset Management Arm
271,917€2.7m0%0.19%
0.059%
HSBC Global Asset Management (UK) Limited
239,770€2.3m8.52%no data
0.053%
Charles Schwab Investment Management, Inc.
212,143€2.1m3.06%no data
0.05%
Ofi Asset Management
200,170€2.0m0%0.11%
0.049%
Gesalcala
197,591€1.9m0%1.15%

Company Information

ALD S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: ALD S.A.
  • Ticker: ALD
  • Exchange: ENXTPA
  • Founded: 1946
  • Industry: Trucking
  • Sector: Transportation
  • Implied Market Cap: €3.941b
  • Shares outstanding: 402.95m
  • Website: https://www.aldautomotive.com

Number of Employees


Location

  • ALD S.A.
  • 1-3 Rue Eugène et Armand Peugeot
  • Le Corosa
  • Rueil-Malmaison
  • Ile-de-France
  • 92500
  • France


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALDENXTPA (Euronext Paris)YesOrdinary SharesFREURJun 2017
0RSPLSE (London Stock Exchange)YesOrdinary SharesGBEURJun 2017
3ALDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2017
ALDPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJun 2017

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.