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0RVA

SMCP LSE:0RVA Stock Report

Last Price

€5.23

Market Cap

€401.8m

7D

-9.6%

1Y

-28.8%

Updated

28 Sep, 2022

Data

Company Financials +
0RVA fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance1/6
Financial Health4/6
Dividends0/6

0RVA Stock Overview

SMCP S.A. operates as a ready-to-wear and accessories retail company in France and internationally.

SMCP Competitors

Price History & Performance

Summary of all time highs, changes and price drops for SMCP
Historical stock prices
Current Share Price€5.23
52 Week High€8.78
52 Week Low€4.80
Beta1.95
1 Month Change-5.42%
3 Month Change4.68%
1 Year Change-28.84%
3 Year Change-57.06%
5 Year Changen/a
Change since IPO-75.92%

Recent News & Updates

Shareholder Returns

0RVAGB Specialty RetailGB Market
7D-9.6%-8.5%-3.1%
1Y-28.8%-34.0%-14.5%

Return vs Industry: 0RVA exceeded the UK Specialty Retail industry which returned -34% over the past year.

Return vs Market: 0RVA underperformed the UK Market which returned -14.5% over the past year.

Price Volatility

Is 0RVA's price volatile compared to industry and market?
0RVA volatility
0RVA Average Weekly Movement6.1%
Specialty Retail Industry Average Movement6.5%
Market Average Movement5.3%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.6%

Stable Share Price: 0RVA is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 0RVA's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19846,379Isabelle Guichothttps://www.smcp.com

SMCP S.A. operates as a ready-to-wear and accessories retail company in France and internationally. It designs, markets, and sells women’s wear, men’s wear, and accessories. The company sells its products through a network of points of sale and websites under four brands, including Sandro, Maje, Claudie Pierlot, and De Fursac.

SMCP Fundamentals Summary

How do SMCP's earnings and revenue compare to its market cap?
0RVA fundamental statistics
Market Cap€401.79m
Earnings (TTM)€43.40m
Revenue (TTM)€1.15b

9.3x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
0RVA income statement (TTM)
Revenue€1.15b
Cost of Revenue€409.90m
Gross Profit€740.80m
Other Expenses€697.40m
Earnings€43.40m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.57
Gross Margin64.38%
Net Profit Margin3.77%
Debt/Equity Ratio32.7%

How did 0RVA perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 0RVA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 0RVA?

Other financial metrics that can be useful for relative valuation.

0RVA 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/Revenue1x
Enterprise Value/EBITDA7.2x
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

How does 0RVA's PE Ratio compare to its peers?

0RVA PE Ratio vs Peers
The above table shows the PE ratio for 0RVA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.7x
SHOE Shoe Zone
7.5x-47.9%UK£89.8m
WIX Wickes Group
6.2x13.6%UK£321.4m
QUIZ QUIZ
7.3xn/aUK£15.0m
PDG Pendragon
5.9x-2.4%UK£377.0m
0RVA SMCP
9.3x23.9%€401.8m

Price-To-Earnings vs Peers: 0RVA is expensive based on its Price-To-Earnings Ratio (9.3x) compared to the peer average (6.7x).


Price to Earnings Ratio vs Industry

How does 0RVA's PE Ratio compare vs other companies in the GB Specialty Retail Industry?

Price-To-Earnings vs Industry: 0RVA is expensive based on its Price-To-Earnings Ratio (9.3x) compared to the UK Specialty Retail industry average (7.6x)


Price to Earnings Ratio vs Fair Ratio

What is 0RVA'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.

0RVA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.3x
Fair PE Ratio17.6x

Price-To-Earnings vs Fair Ratio: 0RVA is good value based on its Price-To-Earnings Ratio (9.3x) compared to the estimated Fair Price-To-Earnings Ratio (17.6x).


Share Price vs Fair Value

What is the Fair Price of 0RVA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0RVA (€5.23) is trading below our estimate of fair value (€8.27)

Significantly Below Fair Value: 0RVA 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.


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Future Growth

How is SMCP forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


23.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0RVA's forecast earnings growth (23.9% per year) is above the savings rate (0.9%).

Earnings vs Market: 0RVA's earnings (23.9% per year) are forecast to grow faster than the UK market (9% per year).

High Growth Earnings: 0RVA's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 0RVA's revenue (6.1% per year) is forecast to grow faster than the UK market (4.5% per year).

High Growth Revenue: 0RVA's revenue (6.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 0RVA's Return on Equity is forecast to be low in 3 years time (5.3%).


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Past Performance

How has SMCP performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-23.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 0RVA has a large one-off loss of €22.3M impacting its June 30 2022 financial results.

Growing Profit Margin: 0RVA became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 0RVA's earnings have declined by 23.7% per year over the past 5 years.

Accelerating Growth: 0RVA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 0RVA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Specialty Retail industry (32%).


Return on Equity

High ROE: 0RVA's Return on Equity (3.8%) is considered low.


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Financial Health

How is SMCP's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 0RVA's short term assets (€465.9M) do not cover its short term liabilities (€477.1M).

Long Term Liabilities: 0RVA's short term assets (€465.9M) do not cover its long term liabilities (€777.4M).


Debt to Equity History and Analysis

Debt Level: 0RVA's net debt to equity ratio (27.5%) is considered satisfactory.

Reducing Debt: 0RVA's debt to equity ratio has reduced from 57.6% to 32.7% over the past 5 years.

Debt Coverage: 0RVA's debt is well covered by operating cash flow (63.2%).

Interest Coverage: 0RVA's interest payments on its debt are well covered by EBIT (4.7x coverage).


Balance Sheet


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Dividend

What is SMCP 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

SMCP Dividend Yield vs Market
How does SMCP dividend yield compare to the market?
SegmentDividend Yield
Company (SMCP)n/a
Market Bottom 25% (GB)2.1%
Market Top 25% (GB)6.1%
Industry Average (Specialty Retail)3.6%
Analyst forecast in 3 Years (SMCP)0%

Notable Dividend: Unable to evaluate 0RVA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 0RVA'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 0RVA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 0RVA's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 0RVA has not reported any payouts.


Discover strong dividend paying companies

Management

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

2.9yrs

Average management tenure


CEO

Isabelle Guichot (57 yo)

1.08yrs

Tenure

€1,789,740

Compensation

Ms. Isabelle Guichot has been the Chairman of Balenciaga SA since 2007. Ms. Guichot served as Chief Executive of Maje at SMCP S.A.S since September 2017 until August 2, 2021. She is Group Chief Executive O...


CEO Compensation Analysis

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

€43m

Mar 31 2022n/an/a

€34m

Dec 31 2021€2m€333k

€24m

Compensation vs Market: Isabelle's total compensation ($USD1.73M) is above average for companies of similar size in the UK market ($USD1.06M).

Compensation vs Earnings: Insufficient data to compare Isabelle's compensation with company performance.


Leadership Team

Experienced Management: 0RVA's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: 0RVA's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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 0RVA?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders4,422,5445.9%
Private Companies6,075,8488.0%
Institutions11,333,76215.0%
General Public53,762,80071.1%

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


Top Shareholders

Top 25 shareholders own 28.41% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
8.04%
European Topsoho Sàrl
6,075,848€31.8m0%no data
3.8%
Charles Schwab Investment Management, Inc.
2,870,926€15.0m-5.83%no data
2.46%
Evelyne Chetrite
1,860,552€9.7m0%no data
2.28%
Judith Milgrom
1,725,506€9.0m0%no data
1.68%
The Vanguard Group, Inc.
1,269,832€6.6m4.98%no data
1.35%
Norges Bank Investment Management
1,021,353€5.3m0%no data
1.01%
Pictet Asset Management Limited
759,999€4.0m0%no data
0.94%
Amundi Asset Management
712,829€3.7m-0.36%no data
0.88%
SunAmerica Asset Management, LLC
668,294€3.5m13.36%0.02%
0.87%
Financiere Arbevel
660,000€3.5m0%0.67%
0.84%
Dimensional Fund Advisors LP
636,326€3.3m2.31%no data
0.78%
Ylane Chetrite
592,641€3.1m0%no data
0.74%
Financiere De l'Echiquier
560,060€2.9m0%0.05%
0.58%
BlackRock, Inc.
435,160€2.3m6.88%no data
0.44%
Meeschaert Asset Management
329,866€1.7m0%0.32%
0.37%
Puilaetco Bankers, Asset Management Arm
283,200€1.5m-15.71%0.14%
0.22%
Daniel Lalonde
164,643€861.1k0%no data
0.22%
HSBC Global Asset Management (UK) Limited
162,871€851.8k1.08%no data
0.17%
PHARUS Management SA
125,000€653.8k0%0.13%
0.15%
Equigest
116,690€610.3k0%0.49%
0.15%
Richelieu Gestion
110,000€575.3k0%0.17%
0.14%
KBC Asset Management NV
107,364€561.5k0%no data
0.13%
American Century Investment Management Inc
95,900€501.6k23.8%no data
0.096%
Isabelle Guichot
72,802€380.8k0%no data
0.076%
State Street Global Advisors, Inc.
57,804€302.3k2.2%no data

Company Information

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


Key Information

  • Name: SMCP S.A.
  • Ticker: 0RVA
  • Exchange: LSE
  • Founded: 1984
  • Industry: Apparel Retail
  • Sector: Retail
  • Implied Market Cap: €401.787m
  • Shares outstanding: 75.59m
  • Website: https://www.smcp.com

Number of Employees


Location

  • SMCP S.A.
  • 49, rue Etienne Marcel
  • Paris
  • Ile-de-France
  • 75001
  • France


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SMCPENXTPA (Euronext Paris)YesNew Ordinary SharesFREUROct 2017
SFCDB (Deutsche Boerse AG)YesNew Ordinary SharesDEEUROct 2017
0RVALSE (London Stock Exchange)YesNew Ordinary SharesGBEUROct 2017
SMCPPBATS-CHIXE (BATS 'Chi-X Europe')YesNew Ordinary SharesGBEUROct 2017
SMCP NBMV (Bolsa Mexicana de Valores)YesNew Ordinary SharesMXMXNOct 2017

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 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.