Albioma (ENXTPA:ABIO) - Share price, News & Analysis

ABIO fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	1/6
Past Performance	2/6
Financial Health	2/6
Dividends	2/6

ABIO Stock Overview

Albioma, an independent renewable energy producer, constructs and operates biomass, photovoltaics, and geothermal projects in France, Mauritius, and Brazil.

Rewards

Price-To-Earnings ratio (26.8x) is below the Renewable Energy industry average (28.8x)

Earnings are forecast to grow 6.41% per year

Earnings have grown 11.2% per year over the past 5 years

Risk Analysis

Debt is not well covered by operating cash flow

Volatile share price over the past 3 months

Albioma Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Albioma
Historical stock prices
Current Share Price	€49.88
52 Week High	€50.85
52 Week Low	€29.22
Beta	0.53
1 Month Change	12.55%
3 Month Change	39.88%
1 Year Change	35.69%
3 Year Change	139.23%
5 Year Change	161.02%
Change since IPO	8,426.50%

Shareholder Returns

	ABIO	FR Renewable Energy	FR Market
7D	0.04%	4.6%	-1.5%
1Y	35.7%	12.0%	-18.8%

Return vs Industry: ABIO exceeded the French Renewable Energy industry which returned 12% over the past year.

Return vs Market: ABIO exceeded the French Market which returned -18.8% over the past year.

Price Volatility

Is ABIO's price volatile compared to industry and market?
ABIO volatility
ABIO Average Weekly Movement	8.4%
Renewable Energy Industry Average Movement	6.6%
Market Average Movement	6.0%
10% most volatile stocks in FR Market	10.2%
10% least volatile stocks in FR Market	3.5%

Stable Share Price: ABIO is more volatile than 75% of French stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: ABIO's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of French stocks.

About the Company

Founded	Employees	CEO	Website
1982	624	Frédéric Moyne	https://www.albioma.com

Albioma, an independent renewable energy producer, constructs and operates biomass, photovoltaics, and geothermal projects in France, Mauritius, and Brazil. The company operates 15 thermal power plants with an installed capacity of 889 MW; solar power plants with a combined installed capacity of 109 MW. It also generates geothermal electric power in 29 countries.

Albioma Fundamentals Summary

How do Albioma's earnings and revenue compare to its market cap?
ABIO fundamental statistics
Market Cap	€1.58b
Earnings (TTM)	€59.02m
Revenue (TTM)	€573.28m

26.8x

P/E Ratio

2.8x

P/S Ratio

Is ABIO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ABIO income statement (TTM)
Revenue	€573.28m
Cost of Revenue	€198.17m
Gross Profit	€375.11m
Other Expenses	€316.09m
Earnings	€59.02m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Jul 26, 2022

Earnings per share (EPS)	1.86
Gross Margin	65.43%
Net Profit Margin	10.30%
Debt/Equity Ratio	167.4%

How did ABIO perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

45%

Payout Ratio

Valuation

Is Albioma 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

26.77x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: ABIO (€49.88) is trading above our estimate of fair value (€34.67)

Significantly Below Fair Value: ABIO is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: ABIO is good value based on its Price-To-Earnings Ratio (26.8x) compared to the European Renewable Energy industry average (28.8x).

PE vs Market: ABIO is poor value based on its Price-To-Earnings Ratio (26.8x) compared to the French market (16.1x).

Price to Earnings Growth Ratio

PEG Ratio: ABIO is poor value based on its PEG Ratio (4.2x)

Price to Book Ratio

PB vs Industry: ABIO's Price-To-Book Ratio (3.1x) is in line with the FR Renewable Energy industry average.

Future Growth

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

Future Growth Score

1/6

Future Growth Score 1/6

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

6.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ABIO's forecast earnings growth (6.4% per year) is above the savings rate (0.3%).

Earnings vs Market: ABIO's earnings (6.4% per year) are forecast to grow slower than the French market (11.9% per year).

High Growth Earnings: ABIO's earnings are forecast to grow, but not significantly.

Revenue vs Market: ABIO's revenue (4.8% per year) is forecast to grow slower than the French market (5.8% per year).

High Growth Revenue: ABIO's revenue (4.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ABIO's Return on Equity is forecast to be low in 3 years time (11.8%).

Past Performance

How has Albioma performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

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

11.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ABIO has high quality earnings.

Growing Profit Margin: ABIO's current net profit margins (10.3%) are lower than last year (10.9%).

Past Earnings Growth Analysis

Earnings Trend: ABIO's earnings have grown by 11.2% per year over the past 5 years.

Accelerating Growth: ABIO's earnings growth over the past year (6.7%) is below its 5-year average (11.2% per year).

Earnings vs Industry: ABIO earnings growth over the past year (6.7%) underperformed the Renewable Energy industry 42%.

Return on Equity

High ROE: ABIO's Return on Equity (11.9%) is considered low.

Financial Health

How is Albioma's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: ABIO's short term assets (€316.2M) exceed its short term liabilities (€269.6M).

Long Term Liabilities: ABIO's short term assets (€316.2M) do not cover its long term liabilities (€1.0B).

Debt to Equity History and Analysis

Debt Level: ABIO's net debt to equity ratio (149.4%) is considered high.

Reducing Debt: ABIO's debt to equity ratio has increased from 157.6% to 167.4% over the past 5 years.

Debt Coverage: ABIO's debt is not well covered by operating cash flow (17.3%).

Interest Coverage: ABIO's interest payments on its debt are well covered by EBIT (3.5x coverage).

Balance Sheet

Dividend

What is Albioma 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
Future Dividend Coverage

1.68%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ABIO's dividend (1.68%) isn’t notable compared to the bottom 25% of dividend payers in the French market (1.72%).

High Dividend: ABIO's dividend (1.68%) is low compared to the top 25% of dividend payers in the French market (4.96%).

Stability and Growth of Payments

Stable Dividend: ABIO's dividend payments have been volatile in the past 10 years.

Growing Dividend: ABIO's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (44.7%), ABIO's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (239.3%), ABIO's dividend payments are not well covered by cash flows.

Discover strong dividend paying companies

Management

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

7.3yrs

Average management tenure

CEO

Frédéric Moyne (46 yo)

5.92yrs

Tenure

€985,720

Compensation

Mr. Frédéric Moyne has been the Chief Executive Officer of Albioma since June 1, 2016 and its Director since May 31, 2017. He is the Chairman of Albioma since December 31, 2018. Mr. Moyne served as Chief O...

CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Frédéric's total compensation is reasonable compared to companies of similar size in the French market.

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

Leadership Team

Experienced Management: ABIO's management team is seasoned and experienced (7.3 years average tenure).

Board Members

Experienced Board: ABIO's board of directors are considered experienced (4.3 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.

Recent Insider Transactions

Ownership Breakdown

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

Data	Last Updated (UTC time)
Company Analysis	2022/05/24 00:00
End of Day Share Price	2022/05/24 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31