Etn. Fr. Colruyt (OTCPK:CUYT.Y) - Share price, News & Analysis

CUYT.Y fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	1/6
Past Performance	2/6
Financial Health	4/6
Dividends	5/6

CUYT.Y Stock Overview

Etn. Fr. Colruyt NV, together with its subsidiaries, engages in the retail, wholesale, food service, and other activities in Belgium, France, and internationally.

Rewards

Trading at 31.1% below our estimate of its fair value

Earnings are forecast to grow 6.13% per year

Risk Analysis

Dividend of 4.21% is not well covered by earnings

Profit margins (3.3%) are lower than last year (4.9%)

Etn. Fr. Colruyt Competitors

Kering

ENXTPA:KER

€63.4b

Industria de Diseño Textil

BME:ITX

€62.6b

Koninklijke Ahold Delhaize

ENXTAM:AD

€28.1b

Tesco

LSE:TSCO

UK£20.6b

Price History & Performance

Summary of all time highs, changes and price drops for Etn. Fr. Colruyt
Historical stock prices
Current Share Price	€9.30
52 Week High	€15.67
52 Week Low	€9.12
Beta	-0.28
1 Month Change	-11.97%
3 Month Change	-7.04%
1 Year Change	-37.38%
3 Year Change	-49.70%
5 Year Change	-29.47%
Change since IPO	-17.00%

Shareholder Returns

	CUYT.Y	US Consumer Retailing	US Market
7D	0.9%	-4.2%	-3.2%
1Y	-37.4%	16.1%	-9.0%

Return vs Industry: CUYT.Y underperformed the US Consumer Retailing industry which returned 16.1% over the past year.

Return vs Market: CUYT.Y underperformed the US Market which returned -9% over the past year.

Price Volatility

Is CUYT.Y's price volatile compared to industry and market?
CUYT.Y volatility
CUYT.Y Average Weekly Movement	7.4%
Consumer Retailing Industry Average Movement	6.2%
Market Average Movement	7.4%
10% most volatile stocks in US Market	16.2%
10% least volatile stocks in US Market	2.7%

Stable Share Price: CUYT.Y is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: CUYT.Y's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1928	32,000	Jef Colruyt	https://www.colruytgroup.com

Etn. Fr. Colruyt NV, together with its subsidiaries, engages in the retail, wholesale, food service, and other activities in Belgium, France, and internationally. It operates through three segments: Retail, Wholesale and Foodservice, and Other Activities. As of June 17, 2021, the company operated 248 Colruyt stores, 145 OKay stores, 31 Bio-Planet stores, 45 Dreamland stores, 29 Dreambaby stores, and 3 Cru stores in Belgium and Luxembourg, as well as 85 Colruyt stores in France.

Etn. Fr. Colruyt Fundamentals Summary

How do Etn. Fr. Colruyt's earnings and revenue compare to its market cap?
CUYT.Y fundamental statistics
Market Cap	€4.68b
Earnings (TTM)	€331.00m
Revenue (TTM)	€9.92b

14.1x

P/E Ratio

0.5x

P/S Ratio

Is CUYT.Y overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CUYT.Y income statement (TTM)
Revenue	€9.92b
Cost of Revenue	€7.28b
Gross Profit	€2.64b
Other Expenses	€2.31b
Earnings	€331.00m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Jun 14, 2022

Earnings per share (EPS)	2.47
Gross Margin	26.65%
Net Profit Margin	3.34%
Debt/Equity Ratio	28.6%

How did CUYT.Y perform over the long term?

See historical performance and comparison

Dividends

4.2%

Current Dividend Yield

60%

Payout Ratio

Valuation

Is Etn. Fr. Colruyt undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

31.1%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: CUYT.Y ($9.3) is trading below our estimate of fair value ($13.49)

Significantly Below Fair Value: CUYT.Y is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: CUYT.Y is good value based on its PE Ratio (14.1x) compared to the US Consumer Retailing industry average (20.1x).

PE vs Market: CUYT.Y is good value based on its PE Ratio (14.1x) compared to the US market (16.1x).

Price to Earnings Growth Ratio

PEG Ratio: CUYT.Y is poor value based on its PEG Ratio (2.3x)

Price to Book Ratio

PB vs Industry: CUYT.Y is good value based on its PB Ratio (1.9x) compared to the US Consumer Retailing industry average (2.1x).

Future Growth

How is Etn. Fr. Colruyt forecast to perform in the next 1 to 3 years based on estimates from 9 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

6.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CUYT.Y's forecast earnings growth (6.1% per year) is above the savings rate (1.9%).

Earnings vs Market: CUYT.Y's earnings (6.1% per year) are forecast to grow slower than the US market (12.6% per year).

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

Revenue vs Market: CUYT.Y's revenue (1.9% per year) is forecast to grow slower than the US market (8.5% per year).

High Growth Revenue: CUYT.Y's revenue (1.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CUYT.Y's Return on Equity is forecast to be low in 3 years time (12.3%).

Past Performance

How has Etn. Fr. Colruyt 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

2.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CUYT.Y has high quality earnings.

Growing Profit Margin: CUYT.Y's current net profit margins (3.3%) are lower than last year (4.9%).

Past Earnings Growth Analysis

Earnings Trend: CUYT.Y's earnings have grown by 2.1% per year over the past 5 years.

Accelerating Growth: CUYT.Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CUYT.Y had negative earnings growth (-31.4%) over the past year, making it difficult to compare to the Consumer Retailing industry average (1.5%).

Return on Equity

High ROE: CUYT.Y's Return on Equity (13.7%) is considered low.

Financial Health

How is Etn. Fr. Colruyt'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: CUYT.Y's short term assets (€1.8B) do not cover its short term liabilities (€2.3B).

Long Term Liabilities: CUYT.Y's short term assets (€1.8B) exceed its long term liabilities (€741.7M).

Debt to Equity History and Analysis

Debt Level: CUYT.Y's net debt to equity ratio (11.3%) is considered satisfactory.

Reducing Debt: CUYT.Y's debt to equity ratio has increased from 0.5% to 28.6% over the past 5 years.

Debt Coverage: CUYT.Y's debt is well covered by operating cash flow (97.8%).

Interest Coverage: CUYT.Y earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is Etn. Fr. Colruyt current dividend yield, its reliability and sustainability?

Dividend Score

6/6

Dividend Score 6/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

4.21%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CUYT.Y's dividend (4.21%) is higher than the bottom 25% of dividend payers in the US market (1.5%).

High Dividend: CUYT.Y's dividend (4.21%) is in the top 25% of dividend payers in the US market (3.92%)

Stability and Growth of Payments

Stable Dividend: CUYT.Y's dividends per share have been stable in the past 10 years.

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

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (59.8%), CUYT.Y's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (99.8%), CUYT.Y's dividend payments are not well covered by cash flows.

Next Steps

Explore strong dividend paying companies in the Consumer Retailing industry.

Management

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

3.1yrs

Average management tenure

CEO

Jef Colruyt

no data

Tenure

€282,000

Compensation

Mr. Jef Colruyt serves as the Chairman, Chief Executive Officer, Managing director and Chief Operating Officer of Services at Etn Fr Colruyt NV (formerly Ets. Fr. Colruyt SA). Mr. Colruyt also serves as a...

Leadership Team

Experienced Management: CUYT.Y's management team is considered experienced (3.1 years average tenure).

Board Members

Experienced Board: CUYT.Y's board of directors are considered experienced (4.6 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.

Ownership Breakdown

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

Data	Last Updated (UTC time)
Company Analysis	2022/04/30 00:00
End of Day Share Price	2022/04/29 00:00
Earnings	2021/09/30
Annual Earnings	2021/03/31