LAURENT-PERRIER |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 121.5 EUR | +0.41% |
|
+0.41% | +0.41% |
| 2023 | Laurent-Perrier S.A. Reports Earnings Results for the Half Year Ended September 30, 2023 | CI |
| 2023 | Laurent-Perrier: +4.7% rise in net income attributable to equity holders of the parent | CF |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 551.2 | 444 | 469.9 | 567.4 | 702.8 | 719.1 | - | - |
| Enterprise Value (EV) 1 | 837 | 728 | 756.8 | 792.5 | 702.8 | 951.1 | 942.1 | 935.1 |
| P/E ratio | 24 x | 18.8 x | 18.7 x | 11.3 x | 12 x | 12.9 x | 12.4 x | 11.4 x |
| Yield | 1.23% | 1.37% | 1.26% | 1.25% | - | 1.53% | 1.57% | 1.66% |
| Capitalization / Revenue | 2.35 x | 1.92 x | 2.54 x | 1.94 x | 2.28 x | 2.3 x | 2.19 x | 2.12 x |
| EV / Revenue | 3.58 x | 3.15 x | 4.1 x | 2.71 x | 2.28 x | 3.04 x | 2.87 x | 2.76 x |
| EV / EBITDA | 17.2 x | 14.8 x | 15.8 x | 9.39 x | 7.71 x | 10.1 x | 9.51 x | 8.76 x |
| EV / FCF | -362 x | 49.2 x | - | 11.5 x | 12.4 x | -31.4 x | 29 x | 26.1 x |
| FCF Yield | -0.28% | 2.03% | - | 8.67% | 8.06% | -3.19% | 3.44% | 3.83% |
| Price to Book | 1.32 x | 1.02 x | 1.04 x | 1.14 x | 1.29 x | 1.22 x | 1.13 x | 1.04 x |
| Nbr of stocks (in thousands) | 5,914 | 5,921 | 5,919 | 5,923 | 5,906 | 5,918 | - | - |
| Reference price 2 | 93.20 | 75.00 | 79.40 | 95.80 | 119.0 | 121.5 | 121.5 | 121.5 |
| Announcement Date | 5/29/19 | 7/3/20 | 6/14/21 | 6/3/22 | 5/26/23 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 234.1 | 231.3 | 184.7 | 292.8 | 307.8 | 312.5 | 327.8 | 338.4 |
| EBITDA 1 | 48.61 | 49.19 | 47.97 | 84.43 | 91.18 | 93.95 | 99.06 | 106.8 |
| EBIT 1 | 41.3 | 41.2 | 41.3 | 77 | 84.9 | 85.91 | 90.24 | 97.45 |
| Operating Margin | 17.64% | 17.81% | 22.36% | 26.3% | 27.58% | 27.49% | 27.53% | 28.8% |
| Earnings before Tax (EBT) 1 | 34.27 | 34.65 | 35.16 | 69.8 | 78.29 | 71.72 | 77.61 | - |
| Net income 1 | 23.1 | 23.71 | 25.2 | 50.2 | 58.49 | 58.25 | 58.85 | 63 |
| Net margin | 9.87% | 10.25% | 13.64% | 17.14% | 19% | 18.64% | 17.95% | 18.62% |
| EPS 2 | 3.890 | 3.990 | 4.250 | 8.490 | 9.890 | 9.455 | 9.807 | 10.66 |
| Free Cash Flow 1 | -2.31 | 14.8 | - | 68.68 | 56.65 | -30.3 | 32.45 | 35.85 |
| FCF margin | -0.99% | 6.4% | - | 23.46% | 18.4% | -9.7% | 9.9% | 10.59% |
| FCF Conversion (EBITDA) | - | 30.09% | - | 81.35% | 62.13% | - | 32.76% | 33.58% |
| FCF Conversion (Net income) | - | 62.42% | - | 136.81% | 96.85% | - | 55.14% | 56.9% |
| Dividend per Share 2 | 1.150 | 1.030 | 1.000 | 1.200 | - | 1.863 | 1.910 | 2.020 |
| Announcement Date | 5/29/19 | 7/3/20 | 6/14/21 | 6/3/22 | 5/26/23 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 99.16 | 132.1 | - | 113 | 128.5 | 164.3 | 159.4 | - | 158.4 | 144.8 |
| EBITDA | 23.48 | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 19.84 | 21.36 | - | 26.74 | 35.6 | 41.4 | 53.1 | - | 57.4 | 30.7 |
| Operating Margin | 20.01% | 16.16% | - | 23.66% | 27.7% | 25.2% | 33.31% | - | 36.24% | 21.2% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 10.97 | - | 7.58 | - | 23.3 | 26.9 | 36.9 | 21.6 | 38.6 | 19 |
| Net margin | 11.06% | - | - | - | 18.13% | 16.37% | 23.15% | - | 24.37% | 13.12% |
| EPS | 1.850 | - | 1.270 | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 12/3/19 | 7/3/20 | 12/3/20 | 6/14/21 | 11/29/21 | 6/3/22 | 11/25/22 | 5/26/23 | 11/24/23 | - |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 286 | 284 | 287 | 225 | - | 232 | 223 | 216 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.879 x | 5.774 x | 5.981 x | 2.666 x | - | 2.469 x | 2.252 x | 2.023 x |
| Free Cash Flow 1 | -2.31 | 14.8 | - | 68.7 | 56.7 | -30.3 | 32.5 | 35.9 |
| ROE (net income / shareholders' equity) | 5.59% | 5.53% | 5.68% | 10.5% | 11.2% | 9.71% | 9.29% | 9.25% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 70.60 | 73.50 | 76.30 | 84.30 | 92.10 | 99.60 | 107.0 | 117.0 |
| Cash Flow per Share 2 | 5.230 | 5.470 | 1.340 | 12.70 | 11.00 | 10.60 | 11.30 | 12.40 |
| Capex 1 | 10.2 | 2.17 | - | 6.95 | 8.26 | 16.1 | 20.2 | 19.7 |
| Capex / Sales | 4.36% | 0.94% | - | 2.37% | 2.68% | 5.14% | 6.15% | 5.82% |
| Announcement Date | 5/29/19 | 7/3/20 | 6/14/21 | 6/3/22 | 5/26/23 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
3
Last Close Price
121.5
EUR
Average target price
136.3
EUR
Spread / Average Target
+12.21%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +0.41% | 768M | |
| +10.67% | 6.31B | |
| +0.17% | 1.8B | |
| -14.82% | 968M | |
| +19.62% | 967M | |
| -24.17% | 924M | |
| +9.61% | 553M | |
| -17.24% | 416M | |
| +6.92% | 417M | |
| +8.78% | 316M |
- Stock Market
- Equities
- LPE Stock
- Financials Laurent-Perrier
