Reported Earnings • Sep 21
First half 2025 earnings released First half 2025 results: Revenue: €42.6m (up 16% from 1H 2024). Net income: €2.40m (down 15% from 1H 2024). Profit margin: 5.6% (down from 7.7% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Communications industry in France. Major Estimate Revision • Sep 19
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.885 to €0.759. Revenue forecast unchanged from €86.4m at last update. Net income forecast to grow 21% next year vs 52% growth forecast for Communications industry in France. Consensus price target of €29.00 unchanged from last update. Share price was steady at €28.70 over the past week. Duyuru • Aug 02
Legrand France SA entered into an share purchase agreement to acquire 64.46% stake in Cogelec SA (ENXTPA:ALLEC) from Raise Invest and others for approximately €155 million. Legrand France SA entered into an share purchase agreement to acquire 64.46% stake in Cogelec SA (ENXTPA:ALLEC) from Raise Invest and others for approximately €155 million on July 31, 2025. The transaction is based on a price of €29 per share. Cogelec's social and economic committee unanimously issued a favorable opinion on July 16, 2025. The acquisition of the controlling stake remains subject to customary conditions precedent, provided that the only regulatory condition will be obtaining approval from the French competition authority. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €29.00, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 13x in the Communications industry in France. Total returns to shareholders of 358% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €21.84 per share. Buy Or Sell Opportunity • Jul 08
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 39% to €26.50. The fair value is estimated to be €21.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 93% in the next 2 years. Upcoming Dividend • Jun 25
Upcoming dividend of €0.58 per share Eligible shareholders must have bought the stock before 02 July 2025. Payment date: 04 July 2025. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of French dividend payers (5.4%). Lower than average of industry peers (3.4%). Buy Or Sell Opportunity • Jun 18
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 31% to €26.20. The fair value is estimated to be €21.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 93% in the next 2 years. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €25.10, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 16x in the Communications industry in France. Total returns to shareholders of 242% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €21.52 per share. Declared Dividend • May 02
Dividend increased to €0.58 Dividend of €0.58 is 123% higher than last year. Ex-date: 2nd July 2025 Payment date: 4th July 2025 Dividend yield will be 2.5%, which is lower than the industry average of 2.7%. Payout Ratios Payout ratio: 18%. Cash payout ratio: 17%. Duyuru • Apr 30
Cogelec SA announces Annual dividend, payable on July 04, 2025 Cogelec SA announced Annual dividend of EUR 0.5800 per share payable on July 04, 2025, ex-date on July 02, 2025 and record date on July 03, 2025. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €22.39, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 12x in the Communications industry in France. Total returns to shareholders of 213% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €20.85 per share. Reported Earnings • Apr 13
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: €0.68 (up from €0.54 in FY 2023). Revenue: €74.5m (up 13% from FY 2023). Net income: €5.61m (up 24% from FY 2023). Profit margin: 7.5% (up from 6.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, while revenues in the Communications industry in France are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 12
Cogelec SA, Annual General Meeting, May 14, 2025 Cogelec SA, Annual General Meeting, May 14, 2025. Buy Or Sell Opportunity • Feb 07
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to €19.80. The fair value is estimated to be €15.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 30% in the next 2 years. Buy Or Sell Opportunity • Oct 22
Now 20% undervalued Over the last 90 days, the stock has risen 36% to €15.10. The fair value is estimated to be €18.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €14.10, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 8x in the Communications industry in France. Total returns to shareholders of 109% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.22 per share. Reported Earnings • Sep 30
First half 2024 earnings released: EPS: €0.34 (vs €0.074 in 1H 2023) First half 2024 results: EPS: €0.34 (up from €0.074 in 1H 2023). Revenue: €36.7m (up 12% from 1H 2023). Net income: €2.81m (up 355% from 1H 2023). Profit margin: 7.7% (up from 1.9% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Communications industry in France. Over the last 3 years on average, earnings per share has increased by 132% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Duyuru • May 20
Cogelec SA, Annual General Meeting, Jun 24, 2024 Cogelec SA, Annual General Meeting, Jun 24, 2024. Location: 370 rue de maunit, mortagne sur sevre France Price Target Changed • Apr 26
Price target increased by 10% to €9.90 Up from €9.00, the current price target is an average from 2 analysts. New target price is 11% above last closing price of €8.90. Stock is up 26% over the past year. The company is forecast to post earnings per share of €0.59 for next year compared to €0.54 last year. Reported Earnings • Apr 26
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: €0.54 (up from €0.034 loss in FY 2022). Revenue: €66.0m (up 11% from FY 2022). Net income: €4.51m (up €4.80m from FY 2022). Profit margin: 6.8% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Communications industry in France. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Apr 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€68.0m market cap, or US$72.3m). Price Target Changed • Feb 11
Price target increased by 13% to €9.00 Up from €8.00, the current price target is an average from 2 analysts. New target price is 13% above last closing price of €8.00. Stock is up 18% over the past year. The company is forecast to post earnings per share of €0.17 next year compared to a net loss per share of €0.034 last year. Reported Earnings • Oct 01
First half 2023 earnings released First half 2023 results: Revenue: €32.6m (up 8.7% from 1H 2022). Net income: €600.0k (up 7.9% from 1H 2022). Profit margin: 1.8% (down from 1.9% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Communications industry in France. Price Target Changed • Mar 06
Price target decreased by 7.4% to €8.75 Down from €9.45, the current price target is an average from 2 analysts. New target price is 24% above last closing price of €7.06. Stock is up 0.9% over the past year. The company is forecast to post earnings per share of €0.25 next year compared to a net loss per share of €0.39 last year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 30
First half 2022 earnings released First half 2022 results: Revenue: €30.0m (up 15% from 1H 2021). Net income: €600.0k (up €2.80m from 1H 2021). Profit margin: 2.0% (up from net loss in 1H 2021). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Communications industry in France. Reported Earnings • May 01
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: €51.5m (up 27% from FY 2020). Net loss: €3.30m (loss narrowed 18% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 15%, compared to a 15% growth forecast for the industry in France. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 01
First half 2021 earnings released The company reported a solid first half result with improved revenues and control over costs, although losses increased. First half 2021 results: Revenue: €26.1m (up 48% from 1H 2020). Net loss: €2.20m (loss widened 21% from 1H 2020). Price Target Changed • Oct 01
Price target decreased to €10.40 Down from €11.40, the current price target is an average from 2 analysts. New target price is 41% above last closing price of €7.40. Stock is up 6.9% over the past year. Price Target Changed • Jul 26
Price target increased to €11.40 Up from €9.75, the current price target is an average from 2 analysts. New target price is 24% above last closing price of €9.22. Stock is up 63% over the past year. Price Target Changed • May 17
Price target increased to €10.25 Up from €9.00, the current price target is an average from 2 analysts. New target price is 14% above last closing price of €9.00. Stock is up 71% over the past year. Reported Earnings • Apr 25
Full year 2020 earnings released: €0.47 loss per share (vs €0.33 loss in FY 2019) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: €40.4m (up 1.1% from FY 2019). Net loss: €4.02m (loss widened 41% from FY 2019). Is New 90 Day High Low • Mar 02
New 90-day low: €6.86 The company is down 6.0% from its price of €7.30 on 02 December 2020. The French market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.71 per share. Price Target Changed • Feb 21
Price target raised to €9.00 Up from €8.40, the current price target is an average from 2 analysts. The new target price is 24% above the current share price of €7.24. As of last close, the stock is down 0.3% over the past year. Price Target Changed • Feb 13
Price target raised to €8.90 Up from €7.90, the current price target is an average from 2 analysts. The new target price is 26% above the current share price of €7.08. As of last close, the stock is down 1.7% over the past year. Is New 90 Day High Low • Jan 07
New 90-day high: €7.60 The company is up 8.0% from its price of €7.04 on 09 October 2020. The French market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.26 per share. Is New 90 Day High Low • Oct 15
New 90-day high: €7.28 The company is up 37% from its price of €5.32 on 17 July 2020. The French market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.22 per share. Is New 90 Day High Low • Sep 30
New 90-day high: €6.62 The company is up 27% from its price of €5.20 on 02 July 2020. The French market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.29 per share. Reported Earnings • Sep 30
First half earnings released Over the last 12 months the company has reported total losses of €3.26m, with losses widening by 30% from the prior year. Total revenue was €38.7m over the last 12 months, up 4.8% from the prior year.