Announcement • Jun 18
Groupe Beneteau Announces Executive Board Changes Groupe Beneteau announce that following the Annual General Meeting held on June 11, 2026, Groupe Beneteau announced the appointment of Nicolas Retailleau as Chief Financial Officer and his addition to the Executive Board alongside Bruno Thivoyon. Chief Financial Officer of the Group since November 2023, Nicolas Retailleau brings more than 20 years of experience in financial management within international groups (Valeo, Galeries Lafayette, Tarkett) and in several countries (France, Spain, Mexico, the United States, and Belgium). As part of his new responsibilities, he will be tasked with consolidating and developing the finance, legal, and information systems functions, as well as the deployment of management processes (ERP), and ensuring compliance and internal control. Groupe Beneteau thanks Gianguido Girotti, former Chief Executive Officer, for his dedication over the past 11 years, including two on the Executive Board. Upcoming Dividend • Jun 11
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 17 June 2026. Payment date: 19 June 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.0%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (2.6%). Declared Dividend • May 28
Dividend reduced to €0.20 Dividend of €0.20 is 9.1% lower than last year. Ex-date: 17th June 2026 Payment date: 19th June 2026 Dividend yield will be 2.8%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (24% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Announcement • May 05
Bénéteau S.A. to Report First Half, 2026 Results on Sep 23, 2026 Bénéteau S.A. announced that they will report first half, 2026 results on Sep 23, 2026 Announcement • May 04
Bénéteau S.A., Annual General Meeting, Jun 11, 2026 Bénéteau S.A., Annual General Meeting, Jun 11, 2026. Location: 16 boulevard de la mer, saint gilles croix de vie France Reported Earnings • Mar 23
Full year 2025 earnings released Full year 2025 results: Revenue: €849.3m (down 18% from FY 2024). Net loss: €43.0m (down 245% from profit in FY 2024). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Leisure industry in Europe. Announcement • Nov 04
Bénéteau S.A. to Report Fiscal Year 2025 Results on Mar 18, 2026 Bénéteau S.A. announced that they will report fiscal year 2025 results After-Market on Mar 18, 2026 Reported Earnings • Sep 26
First half 2025 earnings released First half 2025 results: Revenue: €403.9m (down 27% from 1H 2024). Net loss: €24.8m (down 193% from profit in 1H 2024). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Leisure industry in Europe. Announcement • Jul 29
Bénéteau S.A. to Report First Half, 2025 Results on Sep 24, 2025 Bénéteau S.A. announced that they will report first half, 2025 results on Sep 24, 2025 Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. Independent Director Eric Leonard was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 18
Upcoming dividend of €0.22 per share Eligible shareholders must have bought the stock before 25 June 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of British dividend payers (5.6%). In line with average of industry peers (3.0%). Buy Or Sell Opportunity • Jun 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to €8.28. The fair value is estimated to be €10.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.2%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 25% per annum over the same time period. Declared Dividend • May 19
Final dividend of €0.22 announced Shareholders will receive a dividend of €0.22. Ex-date: 25th June 2025 Payment date: 27th June 2025 Dividend yield will be 18%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 98% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • May 15
Now 25% overvalued Over the last 90 days, the stock has fallen 20% to €8.22. The fair value is estimated to be €6.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.2%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Announcement • May 13
Bénéteau S.A., Annual General Meeting, Jun 19, 2025 Bénéteau S.A., Annual General Meeting, Jun 19, 2025. Location: les embruns, 16 boulevard de la mer, saint gilles croix de vie France New Risk • Mar 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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. Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (2.9% net profit margin). Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €8.13, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 21x in the Leisure industry in Europe. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.56 per share. New Risk • Mar 21
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.9% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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. Profit margins are more than 30% lower than last year (2.9% net profit margin). Buy Or Sell Opportunity • Mar 04
Now 21% undervalued Over the last 90 days, the stock has risen 29% to €9.94. The fair value is estimated to be €12.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last year. Earnings per share has declined by 38%. Revenue is forecast to decline by 11% in 2 years. Earnings are forecast to decline by 24% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €10.35, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Leisure industry in Europe. Total loss to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.52 per share. New Risk • Dec 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Sep 27
First half 2024 earnings released First half 2024 results: Revenue: €558.0m (down 31% from 1H 2023). Net income: €26.7m (down 72% from 1H 2023). Profit margin: 4.8% (down from 12% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Leisure industry in Europe. New Risk • Sep 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €11.06, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 22x in the Leisure industry in Europe. Total loss to shareholders of 7.2% over the past three years. Upcoming Dividend • Jun 05
Upcoming dividend of €0.73 per share Eligible shareholders must have bought the stock before 12 June 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 5.6%. Within top quartile of British dividend payers (5.6%). Higher than average of industry peers (3.4%). Declared Dividend • May 08
Dividend increased to €0.73 Dividend of €0.73 is 74% higher than last year. Ex-date: 12th June 2024 Payment date: 14th June 2024 Dividend yield will be 5.7%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 38% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 5.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Apr 04
Now 20% undervalued Over the last 90 days, the stock has risen 13% to €13.26. The fair value is estimated to be €16.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 9.5% in 2 years. Earnings are forecast to decline by 25% in the next 2 years. Announcement • Mar 21
Bénéteau S.A., Annual General Meeting, Jun 04, 2024 Bénéteau S.A., Annual General Meeting, Jun 04, 2024. Reported Earnings • Mar 20
Full year 2023 earnings released Full year 2023 results: Revenue: €1.47b (down 2.7% from FY 2022). Net income: €159.0m (up 54% from FY 2022). Profit margin: 11% (up from 6.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Leisure industry in Europe. Buy Or Sell Opportunity • Mar 20
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to €13.62. The fair value is estimated to be €10.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to decline by 21% in the next 2 years. Buying Opportunity • Dec 08
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be €14.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 59% over the last year. Meanwhile, the company has become profitable. Revenue is forecast to decline by 1.1% in 2 years. Earnings is forecast to decline by 13% in the next 2 years. Announcement • Nov 10
Bénéteau S.A. to Report Fiscal Year 2023 Results on Mar 19, 2024 Bénéteau S.A. announced that they will report fiscal year 2023 results After-Market on Mar 19, 2024 New Risk • Nov 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 2.8% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Sep 29
First half 2023 earnings released: EPS: €1.19 (vs €0.65 in 1H 2022) First half 2023 results: EPS: €1.19 (up from €0.65 in 1H 2022). Revenue: €131.2m (down 82% from 1H 2022). Net income: €95.9m (up 81% from 1H 2022). Profit margin: 73% (up from 7.4% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Leisure industry in Europe. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €11.54, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 15x in the Leisure industry in Europe. Total returns to shareholders of 80% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €16.90 per share. Buying Opportunity • Sep 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €16.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 52%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Upcoming Dividend • Jun 14
Upcoming dividend of €0.42 per share at 2.6% yield Eligible shareholders must have bought the stock before 21 June 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of British dividend payers (5.8%). Higher than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €16.47, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Leisure industry in Europe. Total returns to shareholders of 203% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €19.14 per share. Announcement • May 09
Bénéteau Enter into Exclusive Discussions with Trigano to Sell BIO HABITAT Bénéteau S.A. (ENXTPA:BEN) said it has entered into exclusive discussions with Trigano S.A. (ENXTPA:TRI) to sell its housing business which is focused on manufacturing leisure homes for the camping tourism sector. The talks concern Beneteau’s subsidiary BIO HABITAT, including the O'HARA, IRM and COCO SWEET brands, as well as all of its employees. The financial details of the transaction under negotiations were not disclosed. A potential divestment will be aligned with the French boats maker’s push to focus on its core business. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improved over the past week After last week's 21% share price gain to €12.80, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Leisure industry in Europe. Total returns to shareholders of 30% over the past three years. Reported Earnings • Sep 30
First half 2022 earnings released First half 2022 results: EPS: €0.64. Net income: €52.9m (up €52.9m from 1H 2021). Revenue is forecast to grow 8.7% p.a. on average during the next 4 years, compared to a 7.1% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 15
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 22 June 2022. Payment date: 24 June 2022. Trailing yield: 2.8%. Lower than top quartile of British dividend payers (5.0%). In line with average of industry peers (2.8%). 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. 10 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Catherine Pourre was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 17% share price gain to €12.40, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 27x in the Leisure industry in Europe. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.03 per share. Is New 90 Day High Low • Feb 27
New 90-day high: €12.35 The company is up 44% from its price of €8.60 on 27 November 2020. The British market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.39 per share. Is New 90 Day High Low • Jan 25
New 90-day high: €10.79 The company is up 37% from its price of €7.90 on 27 October 2020. The British market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure 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 €10.55 per share. Is New 90 Day High Low • Jan 07
New 90-day high: €9.89 The company is up 43% from its price of €6.94 on 09 October 2020. The British market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.32 per share. Is New 90 Day High Low • Dec 04
New 90-day high: €8.97 The company is up 33% from its price of €6.76 on 04 September 2020. The British market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.43 per share. Is New 90 Day High Low • Nov 07
New 90-day high: €8.21 The company is up 27% from its price of €6.48 on 07 August 2020. The British market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.69 per share. Is New 90 Day High Low • Oct 12
New 90-day high: €7.49 The company is up 35% from its price of €5.54 on 14 July 2020. The British market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.73 per share.