MINT Société anonyme (ENXTPA:ALBUD) - Share price, News & Analysis

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

ALBUD (€2.9) is trading below our estimate of [[fair value]] (€19.82)

ALBUD fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	5/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

ALBUD Stock Overview

MINT Société anonyme provides renewable electricity in France.

Rewards

Trading at 85.4% below our estimate of its fair value

Earnings are forecast to grow 69.54% per year

Revenue grew by 105.9% over the past year

Risk Analysis

Latest financial reports are more than 6 months old

Shareholders have been diluted in the past year

Does not have a meaningful market cap (€17M)

MINT Société anonyme Competitors

E-Pango

ENXTPA:ALAGO

€2.0m

Électricite de Strasbourg Société Anonyme

ENXTPA:ELEC

€720.5m

Hydro-Exploitations Société anonyme

ENXTPA:MLHYE

€27.1m

Charwood Energy

ENXTPA:ALCWE

€50.4m

Price History & Performance

Summary of all time highs, changes and price drops for MINT Société anonyme
Historical stock prices
Current Share Price	€2.90
52 Week High	€8.40
52 Week Low	€2.70
Beta	1.26
1 Month Change	-2.53%
3 Month Change	-23.51%
1 Year Change	-65.45%
3 Year Change	-1.70%
5 Year Change	-29.04%
Change since IPO	-72.16%

Shareholder Returns

	ALBUD	FR Electric Utilities	FR Market
7D	-0.5%	1.0%	0.9%
1Y	-65.5%	-2.4%	-5.2%

Return vs Industry: ALBUD underperformed the French Electric Utilities industry which returned -2.4% over the past year.

Return vs Market: ALBUD underperformed the French Market which returned -5.2% over the past year.

Price Volatility

Is ALBUD's price volatile compared to industry and market?
ALBUD volatility
ALBUD Average Weekly Movement	5.9%
Electric Utilities Industry Average Movement	5.1%
Market Average Movement	4.9%
10% most volatile stocks in FR Market	9.2%
10% least volatile stocks in FR Market	2.9%

Stable Share Price: ALBUD is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ALBUD's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1999	43	Kaled Zourray	https://www.mint.eco

MINT Société anonyme provides renewable electricity in France. The company was formerly known as Budget Telecom S.A. and changed its name to MINT Société anonyme in January 2020. MINT Société anonyme was founded in 1999 and is headquartered in Montpellier, France.

MINT Société anonyme Fundamentals Summary

How do MINT Société anonyme's earnings and revenue compare to its market cap?
ALBUD fundamental statistics
Market Cap	€17.01m
Earnings (TTM)	-€2.84m
Revenue (TTM)	€89.08m

0.2x

P/S Ratio

-6.0x

P/E Ratio

Is ALBUD overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALBUD income statement (TTM)
Revenue	€89.08m
Cost of Revenue	€89.87m
Gross Profit	-€792.35k
Other Expenses	€2.05m
Earnings	-€2.84m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.48
Gross Margin	-0.89%
Net Profit Margin	-3.19%
Debt/Equity Ratio	2.7%

How did ALBUD perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales 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 ALBUD?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for ALBUD. This is calculated by dividing ALBUD's market cap by their current preferred multiple.
What is ALBUD's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	€17.01m

ALBUD 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/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does ALBUD's PS Ratio compare to its peers?

ALBUD PS Ratio vs Peers

The above table shows the PS ratio for ALBUD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PS	Estimated Growth	Market Cap
Peer Average	6.4x
ALAGO E-Pango	0.06x	-79.2%	€2.0m
ELEC Électricite de Strasbourg Société Anonyme	0.7x	n/a	€720.5m
MLHYE Hydro-Exploitations Société anonyme	14.3x	n/a	€27.1m
ALCWE Charwood Energy	10.7x	n/a	€50.4m
ALBUD MINT Société anonyme	0.2x	24.3%	€17.0m

Price-To-Sales vs Peers: ALBUD is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (6.4x).

Price to Earnings Ratio vs Industry

How does ALBUD's PE Ratio compare vs other companies in the European Electric Utilities Industry?

Price-To-Sales vs Industry: ALBUD is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Electric Utilities industry average (0.4x)

Price to Sales Ratio vs Fair Ratio

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

ALBUD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	0.5x

Price-To-Sales vs Fair Ratio: ALBUD is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).

Share Price vs Fair Value

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

Below Fair Value: ALBUD (€2.9) is trading below our estimate of fair value (€19.82)

Significantly Below Fair Value: ALBUD 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: Insufficient data to show price forecast.

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Future Growth

How is MINT Société anonyme forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

5/6

Future Growth Score 5/6

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

69.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALBUD is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.3%).

Earnings vs Market: ALBUD is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ALBUD is expected to become profitable in the next 3 years.

Revenue vs Market: ALBUD's revenue (24.3% per year) is forecast to grow faster than the French market (5.4% per year).

High Growth Revenue: ALBUD's revenue (24.3% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ALBUD's Return on Equity is forecast to be low in 3 years time (10.4%).

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Past Performance

How has MINT Société anonyme performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

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

-216.9%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: ALBUD is currently unprofitable.

Growing Profit Margin: ALBUD is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if ALBUD's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare ALBUD's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ALBUD is unprofitable, making it difficult to compare its past year earnings growth to the Electric Utilities industry (5.8%).

Return on Equity

High ROE: ALBUD has a negative Return on Equity (-43.79%), as it is currently unprofitable.

Discover strong past performing companies

Financial Health

How is MINT Société anonyme's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ALBUD's short term assets (€52.4M) exceed its short term liabilities (€49.1M).

Long Term Liabilities: ALBUD's short term assets (€52.4M) exceed its long term liabilities (€126.3K).

Debt to Equity History and Analysis

Debt Level: ALBUD has more cash than its total debt.

Reducing Debt: ALBUD's debt to equity ratio has reduced from 76.5% to 2.7% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if ALBUD has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if ALBUD has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

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Dividend

What is MINT Société anonyme current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ALBUD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ALBUD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ALBUD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ALBUD's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: ALBUD is not paying a notable dividend for the French market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ALBUD has not reported any payouts.

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Management

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

€5k

CEO Compensation

CEO

Kaled Zourray (56 yo)

23.58yrs

Tenure

€4,500

Compensation

Mr. Kaled Zourray co-founded MINT Société anonyme (formerly known as Budget Telecom S.A.) in 1999 and serves as its Chief Executive Officer and Chairman since February 29, 2016. Mr. Zourray served as the M...

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

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.4%.

Data	Last Updated (UTC time)
Company Analysis	2022/08/16 00:00
End of Day Share Price	2022/08/16 00:00
Earnings	2021/06/30
Annual Earnings	2020/12/31