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ECYC

Euro-Cycles BVMT:ECYCL Stock Report

Last Price

د.ت30.90

Market Cap

د.ت302.9m

7D

-1.3%

1Y

2.2%

Updated

29 Sep, 2022

Data

Company Financials +
ECYCL fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance1/6
Financial Health3/6
Dividends2/6

ECYCL Stock Overview

Euro-Cycles S.A manufactures, assembles, and sells two-wheeled cycles in Tunisia.

Euro-Cycles Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Euro-Cycles
Historical stock prices
Current Share Priceد.ت30.90
52 Week Highد.ت34.40
52 Week Lowد.ت26.73
Beta0.21
1 Month Change-8.58%
3 Month Change-0.029%
1 Year Change2.20%
3 Year Change125.85%
5 Year Change28.93%
Change since IPO394.57%

Recent News & Updates

Shareholder Returns

ECYCLTN LeisureTN Market
7D-1.3%-3.8%0.6%
1Y2.2%-31.6%2.7%

Return vs Industry: ECYCL exceeded the TN Leisure industry which returned -31.6% over the past year.

Return vs Market: ECYCL matched the TN Market which returned 2.7% over the past year.

Price Volatility

Is ECYCL's price volatile compared to industry and market?
ECYCL volatility
ECYCL Average Weekly Movement2.4%
Leisure Industry Average Movement5.7%
Market Average Movement3.3%
10% most volatile stocks in TN Market5.3%
10% least volatile stocks in TN Market2.0%

Stable Share Price: ECYCL is less volatile than 75% of TN stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: ECYCL's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1993n/an/ahttps://euro-cycles.com

Euro-Cycles S.A manufactures, assembles, and sells two-wheeled cycles in Tunisia. It offers kids, mountain, road, BMX/trick, commuting, folding, and electric bikes, as well as beach cruisers. The company also provides frames and works welding hubs with phosphating complete line, rims production hubs, saddles production and assembling hubs, powder painting hubs, and wheels semi-automatic assembly hubs.

Euro-Cycles Fundamentals Summary

How do Euro-Cycles's earnings and revenue compare to its market cap?
ECYCL fundamental statistics
Market Capد.ت302.85m
Earnings (TTM)د.ت23.15m
Revenue (TTM)د.ت164.16m

13.1x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ECYCL income statement (TTM)
Revenueد.ت164.16m
Cost of Revenueد.ت108.96m
Gross Profitد.ت55.20m
Other Expensesد.ت32.06m
Earningsد.ت23.15m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.36
Gross Margin33.63%
Net Profit Margin14.10%
Debt/Equity Ratio193.1%

How did ECYCL perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

64%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 ECYCL?

Other financial metrics that can be useful for relative valuation.

ECYCL 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/Revenue2.4x
Enterprise Value/EBITDA11.2x
PEG Ratio1.6x

Price to Earnings Ratio vs Peers

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

ECYCL PE Ratio vs Peers
The above table shows the PE ratio for ECYCL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.9x
1526 Sun Race Sturmey-Archer
8.8xn/aNT$3.0b
869 Playmates Toys
25.7xn/aHK$696.2m
8420 Launch Technologies
8.8xn/aNT$3.4b
WAT Waterco
12.4xn/aAU$144.2m
ECYCL Euro-Cycles
13.1x8.4%د.ت302.9m

Price-To-Earnings vs Peers: ECYCL is good value based on its Price-To-Earnings Ratio (13.1x) compared to the peer average (13.9x).


Price to Earnings Ratio vs Industry

How does ECYCL's PE Ratio compare vs other companies in the Global Leisure Industry?

Price-To-Earnings vs Industry: ECYCL is good value based on its Price-To-Earnings Ratio (13.1x) compared to the Global Leisure industry average (13.3x)


Price to Earnings Ratio vs Fair Ratio

What is ECYCL'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.

ECYCL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ECYCL's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: ECYCL (TND30.9) is trading above our estimate of fair value (TND9.8)

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


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 Euro-Cycles forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ECYCL's forecast earnings growth (8.4% per year) is below the savings rate (8.9%).

Earnings vs Market: ECYCL's earnings (8.4% per year) are forecast to grow faster than the TN market (6.4% per year).

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

Revenue vs Market: ECYCL's revenue (3.8% per year) is forecast to grow slower than the TN market (7.8% per year).

High Growth Revenue: ECYCL's revenue (3.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ECYCL's Return on Equity is forecast to be high in 3 years time (34.1%)


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Past Performance

How has Euro-Cycles 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


15.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ECYCL has a high level of non-cash earnings.

Growing Profit Margin: ECYCL's current net profit margins (14.1%) are lower than last year (15.2%).


Past Earnings Growth Analysis

Earnings Trend: ECYCL's earnings have grown by 15.4% per year over the past 5 years.

Accelerating Growth: ECYCL's earnings growth over the past year (5.5%) is below its 5-year average (15.4% per year).

Earnings vs Industry: ECYCL earnings growth over the past year (5.5%) underperformed the Leisure industry 11%.


Return on Equity

High ROE: Whilst ECYCL's Return on Equity (42.67%) is outstanding, this metric is skewed due to their high level of debt.


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Financial Health

How is Euro-Cycles's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ECYCL's short term assets (TND231.8M) exceed its short term liabilities (TND189.8M).

Long Term Liabilities: ECYCL's short term assets (TND231.8M) exceed its long term liabilities (TND6.0M).


Debt to Equity History and Analysis

Debt Level: ECYCL's net debt to equity ratio (169.9%) is considered high.

Reducing Debt: ECYCL's debt to equity ratio has increased from 75.4% to 193.1% over the past 5 years.

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

Interest Coverage: ECYCL's interest payments on its debt are well covered by EBIT (6.2x coverage).


Balance Sheet


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Dividend

What is Euro-Cycles's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.91%

Current Dividend Yield

Dividend Yield vs Market

Euro-Cycles Dividend Yield vs Market
How does Euro-Cycles dividend yield compare to the market?
SegmentDividend Yield
Company (Euro-Cycles)4.9%
Market Bottom 25% (TN)3.5%
Market Top 25% (TN)6.2%
Industry Average (Leisure)2.2%
Analyst forecast in 3 Years (Euro-Cycles)4.9%

Notable Dividend: ECYCL's dividend (4.91%) is higher than the bottom 25% of dividend payers in the TN market (3.49%).

High Dividend: ECYCL's dividend (4.91%) is low compared to the top 25% of dividend payers in the TN market (6.25%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether ECYCL's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if ECYCL's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (64.3%), ECYCL's dividend payments are covered by earnings.


Cash Payout to Shareholders

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


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Management

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


CEO

Euro-Cycles has no CEO, or we have no data on them.


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 ECYCL?
Owner TypeNumber of SharesOwnership Percentage
Institutions51,0890.5%
General Public9,749,91199.5%

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


Top Shareholders

Top 1 shareholders own 0.52% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
0.52%
Eaton Vance Management
51,089TND1.6m-20.83%no data

Company Information

Euro-Cycles S.A's employee growth, exchange listings and data sources


Key Information

  • Name: Euro-Cycles S.A
  • Ticker: ECYCL
  • Exchange: BVMT
  • Founded: 1993
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Implied Market Cap: د.ت302.851m
  • Shares outstanding: 9.80m
  • Website: https://euro-cycles.com

Location

  • Euro-Cycles S.A
  • Zone Industrielle Kalaa Kebira
  • Sousse
  • 4060
  • Tunisia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ECYCLBVMT (Bourse des Valeurs Mobilieres)YesCommon StockTNTNDJul 2013

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.