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Lagardère

SWX:MMB
Snowflake Description

Average dividend payer with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MMB
SWX
€3B
Market Cap
  1. Home
  2. CH
  3. Media
Company description

Lagardère SCA engages in content publishing, production, broadcasting, and distribution businesses worldwide. The last earnings update was 113 days ago. More info.


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MMB Share Price and Events
7 Day Returns
0%
SWX:MMB
-1.4%
Europe Media
-0.3%
CH Market
1 Year Returns
-11.9%
SWX:MMB
-2.8%
Europe Media
13.4%
CH Market
MMB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lagardère (MMB) 0% 0% 0% -11.9% 5.1% 2.4%
Europe Media -1.4% 0.9% 2.2% -2.8% -12.5% -15.2%
CH Market -0.3% 2% 5.7% 13.4% 21% 14%
1 Year Return vs Industry and Market
  • MMB underperformed the Media industry which returned -2.8% over the past year.
  • MMB underperformed the Market in Switzerland which returned 13.4% over the past year.
Price Volatility
MMB
Industry
5yr Volatility vs Market

MMB Value

 Is Lagardère undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Lagardère to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Lagardère.

SWX:MMB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year CH Government Bond Rate 3.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SWX:MMB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate 3.3%
Equity Risk Premium S&P Global 6.7%
Media Unlevered Beta Simply Wall St/ S&P Global 0.77
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.77 (1 + (1- 33%) (200.64%))
1.54
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.54
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (1.54 * 6.65%)
13.52%

Discounted Cash Flow Calculation for SWX:MMB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Lagardère is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

SWX:MMB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 13.52%)
2020 248.82 Analyst x5 219.19
2021 252.23 Analyst x4 195.74
2022 256.91 Est @ 1.86% 175.64
2023 262.78 Est @ 2.28% 158.26
2024 269.56 Est @ 2.58% 143.01
2025 277.08 Est @ 2.79% 129.50
2026 285.21 Est @ 2.93% 117.43
2027 293.87 Est @ 3.04% 106.59
2028 303.01 Est @ 3.11% 96.82
2029 312.58 Est @ 3.16% 87.98
Present value of next 10 years cash flows €1,430.00
SWX:MMB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €312.58 × (1 + 3.28%) ÷ (13.52% – 3.28%)
€3,152.34
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €3,152.34 ÷ (1 + 13.52%)10
€887.33
SWX:MMB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,430.00 + €887.33
€2,317.33
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €2,317.33 / 129.07
€17.95
SWX:MMB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in SWX:MMB represents 1.24567x of ENXTPA:MMB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.24567x
Value per Share
(Listing Adjusted, CHF)
= Value per Share (EUR) x Listing Adjustment Factor
= € 17.95 x 1.24567
CHF22.37
Value per share (CHF) From above. CHF22.37
Current discount Discount to share price of CHF25.86
= -1 x (CHF25.86 - CHF22.37) / CHF22.37
-15.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Lagardère is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Lagardère's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lagardère's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:MMB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €1.08
ENXTPA:MMB Share Price ** ENXTPA (2019-11-14) in EUR €20.76
Europe Media Industry PE Ratio Median Figure of 112 Publicly-Listed Media Companies 17.64x
Switzerland Market PE Ratio Median Figure of 171 Publicly-Listed Companies 19.24x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Lagardère.

SWX:MMB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:MMB Share Price ÷ EPS (both in EUR)

= 20.76 ÷ 1.08

19.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lagardère is overvalued based on earnings compared to the Europe Media industry average.
  • Lagardère is overvalued based on earnings compared to the Switzerland market.
Price based on expected Growth
Does Lagardère's expected growth come at a high price?
Raw Data
SWX:MMB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
4.9%per year
Europe Media Industry PEG Ratio Median Figure of 64 Publicly-Listed Media Companies 1.8x
Switzerland Market PEG Ratio Median Figure of 124 Publicly-Listed Companies 2.19x

*Line of best fit is calculated by linear regression .

SWX:MMB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.25x ÷ 4.9%

3.92x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lagardère is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Lagardère's assets?
Raw Data
SWX:MMB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €12.20
ENXTPA:MMB Share Price * ENXTPA (2019-11-14) in EUR €20.76
Europe Media Industry PB Ratio Median Figure of 166 Publicly-Listed Media Companies 1.34x
Switzerland Market PB Ratio Median Figure of 214 Publicly-Listed Companies 1.65x
SWX:MMB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:MMB Share Price ÷ Book Value per Share (both in EUR)

= 20.76 ÷ 12.20

1.7x

* Primary Listing of Lagardère.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lagardère is overvalued based on assets compared to the Europe Media industry average.
X
Value checks
We assess Lagardère's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Media industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Media industry average (and greater than 0)? (1 check)
  5. Lagardère has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MMB Future Performance

 How is Lagardère expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lagardère expected to grow at an attractive rate?
  • Lagardère's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
  • Lagardère's earnings growth is positive but not above the Switzerland market average.
  • Lagardère's revenue growth is expected to exceed the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:MMB Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:MMB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 4.9%
SWX:MMB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 3.6%
Europe Media Industry Earnings Growth Rate Market Cap Weighted Average 10.9%
Europe Media Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 9.9%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SWX:MMB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:MMB Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 8,155 501 178 8
2020-12-31 7,874 505 160 10
2019-12-31 7,580 501 165 10
2019-11-15
SWX:MMB Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 7,584 476 140
2019-03-31 7,463 480 167
2018-12-31 7,341 483 194
2018-09-30 7,283 761 218
2018-06-30 7,225 786 255
2018-03-31 7,202 581 216
2017-12-31 7,178 376 176
2017-09-30 7,346 396 168
2017-06-30 7,459 414 158
2017-03-31 7,559 460 167
2016-12-31 7,658 506 175
2016-09-30 7,618 493 142

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lagardère's earnings are expected to grow by 4.9% yearly, however this is not considered high growth (20% yearly).
  • Lagardère's revenue is expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SWX:MMB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Lagardère Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:MMB Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.36 1.70 0.98 5.00
2020-12-31 1.20 1.50 0.89 7.00
2019-12-31 1.26 1.77 0.91 7.00
2019-11-15
SWX:MMB Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 1.08
2019-03-31 1.29
2018-12-31 1.50
2018-09-30 1.68
2018-06-30 1.97
2018-03-31 1.66
2017-12-31 1.36
2017-09-30 1.30
2017-06-30 1.22
2017-03-31 1.29
2016-12-31 1.36
2016-09-30 1.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Lagardère is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Lagardère's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Lagardère has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MMB Past Performance

  How has Lagardère performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Lagardère's growth in the last year to its industry (Media).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Lagardère has delivered over 20% year on year earnings growth in the past 5 years.
  • Lagardère's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Lagardère's 1-year earnings growth is negative, it can't be compared to the Europe Media industry average.
Earnings and Revenue History
Lagardère's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Lagardère Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:MMB Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 7,584.00 140.00 2,620.00
2019-03-31 7,462.50 167.00 2,602.00
2018-12-31 7,341.00 194.00 2,584.00
2018-09-30 7,283.00 218.00 2,295.00
2018-06-30 7,225.00 255.00 2,267.00
2018-03-31 7,201.50 215.50 2,396.50
2017-12-31 7,178.00 176.00 2,526.00
2017-09-30 7,346.00 167.50 2,518.50
2017-06-30 7,459.00 158.00 2,523.00
2017-03-31 7,558.50 166.50 2,527.50
2016-12-31 7,658.00 175.00 2,532.00
2016-09-30 7,618.00 142.00 2,498.00
2016-06-30 7,578.00 109.00 2,464.00
2016-03-31 7,517.00 91.50 2,404.50
2015-12-31 7,456.00 74.00 2,345.00
2015-09-30 7,441.50 79.50 2,322.00
2015-06-30 7,427.00 85.00 2,299.00
2015-03-31 7,460.00 63.00 2,265.00
2014-12-31 7,493.00 41.00 2,231.00
2014-09-30 7,497.50 -85.00 2,216.50
2014-06-30 7,502.00 -211.00 2,202.00
2014-03-31 7,533.00 548.00 2,163.00
2013-12-31 7,564.00 1,307.00 2,124.00
2013-09-30 7,644.00 1,421.50 2,128.50
2013-06-30 7,724.00 1,536.00 2,133.00
2013-03-31 7,723.00 812.50 2,132.50
2012-12-31 7,722.00 89.00 2,132.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Lagardère has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Lagardère used its assets less efficiently than the Europe Media industry average last year based on Return on Assets.
  • Lagardère's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Lagardère's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Media industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Lagardère has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MMB Health

 How is Lagardère's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Lagardère's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lagardère's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Lagardère's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Lagardère's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Lagardère Company Filings, last reported 4 months ago.

SWX:MMB Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,738.00 2,639.00 1,042.00
2019-03-31 1,738.00 2,639.00 1,042.00
2018-12-31 2,001.00 2,085.00 710.00
2018-09-30 2,001.00 2,085.00 710.00
2018-06-30 1,890.00 2,089.00 629.00
2018-03-31 1,890.00 2,089.00 629.00
2017-12-31 1,924.00 1,925.00 546.00
2017-09-30 1,931.00 1,925.00 546.00
2017-06-30 1,823.00 2,425.00 756.00
2017-03-31 1,823.00 2,425.00 756.00
2016-12-31 2,035.00 1,862.00 481.00
2016-09-30 2,035.00 1,862.00 481.00
2016-06-30 1,869.00 2,124.00 393.00
2016-03-31 1,869.00 2,124.00 393.00
2015-12-31 2,135.00 2,176.00 634.00
2015-09-30 2,135.00 2,176.00 634.00
2015-06-30 2,025.00 1,878.00 451.00
2015-03-31 2,025.00 1,878.00 451.00
2014-12-31 2,084.00 1,511.00 566.00
2014-09-30 2,084.00 1,511.00 566.00
2014-06-30 1,929.00 1,623.00 539.00
2014-03-31 1,929.00 1,623.00 539.00
2013-12-31 2,927.00 1,422.00 1,784.00
2013-09-30 2,927.00 1,422.00 1,784.00
2013-06-30 3,130.00 1,525.00 627.00
2013-03-31 3,130.00 1,525.00 627.00
2012-12-31 2,991.00 2,401.00 703.00
  • Lagardère's level of debt (151.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (84% vs 151.8% today).
  • Debt is not well covered by operating cash flow (18%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.4x coverage).
X
Financial health checks
We assess Lagardère's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Lagardère has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MMB Dividends

 What is Lagardère's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.26%
Current annual income from Lagardère dividends. Estimated to be 6.29% next year.
If you bought CHF2,000 of Lagardère shares you are expected to receive CHF125 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Lagardère's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.84%).
  • Lagardère's dividend is above the markets top 25% of dividend payers in Switzerland (3.65%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SWX:MMB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
Europe Media Industry Average Dividend Yield Market Cap Weighted Average of 88 Stocks 4.5%
Switzerland Market Average Dividend Yield Market Cap Weighted Average of 163 Stocks 2.9%
Switzerland Minimum Threshold Dividend Yield 10th Percentile 1.2%
Switzerland Bottom 25% Dividend Yield 25th Percentile 1.8%
Switzerland Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SWX:MMB Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.31 9.00
2020-12-31 1.30 11.00
2019-12-31 1.30 11.00
2019-11-15
SWX:MMB Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-02 1.300 6.073
2019-03-13 1.300 5.583
2018-04-04 1.300 5.467
2018-03-08 1.300 5.646
2017-05-04 1.300 4.805
2016-05-03 1.300 5.606
2015-04-28 1.300 5.024
2014-03-12 1.300 5.493
2013-04-15 1.300 5.222
2012-04-03 1.300 5.648
2012-03-08 1.300 5.577
2011-04-01 1.300 5.797
2010-03-11 1.300 4.409
2009-09-16 1.300 4.382

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of Lagardère's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Lagardère's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Lagardère afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lagardère has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MMB Management

 What is the CEO of Lagardère's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Arnaud Lagardère
COMPENSATION €2,787,545
AGE 58
TENURE AS CEO 16.8 years
CEO Bio

Mr. Arnaud Lagardère is General Manager of Lagardère News SARL and Europe News SNC. Mr. Lagardère has been General and Managing Partner at Lagardere SCA since 2003 and serves as its Chief Executive Officer - Lagardere Media, Chief Executive Officer of ARCO, Chief Executive Officer of Lagardere Active, Chairman of ARCO, Chairman of Lagardère Media and Chairman of Lagardere Active. Mr. Lagardère has been Governor at The American Hospital of Paris since 2019. Mr. Lagardère serves as Chairman and Chief Executive Officer of Hachette S.A. He served as Chief Executive Officer of Lagardère Sports and Entertainment. He served as General Partner of Lagardère at Airbus Group SE. He serves as the Chairman at Europe 1 Télécompagnie SAS. He served as the Chairman of Lagardère Active SAS. He served as Chairman at Airbus Group SE since May 31, 2012 until March 31, 2013 and also served as its Co-Chairman since March 2003 until July 2007. He served as a Director of F. Marc de Lacharrière (Fimalac) S.A. since May 23, 2003. He serves as a Director of Hachette Livre SA. He served as an Independent Director at LVMH Moët Hennessy Louis Vuitton SA since May 2003. He is Chairman of the Supervisory Board of Lagardère Travel Retail SAS. He is a Director of Lagardère Resources SAS, Lagardère Sports Asia Investments Ltd., Lagardère Sports Asia Holdings Ltd. He is Chairman of Lagardère Capital & Management SAS, LM Holding SAS, Lagardère Sports US Inc. and Lagardère Sports US, LLC (formerly Sports Investment Company LLC). He is Deputy Chairman, Lagardère Active Broadcast (a Monaco-based joint-stock corporation). He is Chairman of Fondation Jean-Luc Lagardère, Lagardère Paris Racing Resources sports association (not-for-profit organisation) and Lagardère Paris Racing sports association (not-for-profit organisation). He served as a Director of Orange since February 25, 2003 until January 30, 2008. He was a Director of European Aeronautic Defense and Space Company EADS NV until April 2013 and EADS Participations BV until April 2013. He was Chairman of Sogeade Gérance SAS until October 2013. He was Permanent representative of Lagardère Unlimited Inc. and Managing Member of Lagardère Unlimited LLC until September 2014. He served as a Director of Airbus Defense and Space SA. He served as a Member of the Supervisory Board at T-Online International AG since June 13, 2000 until May 21, 2003. He served as a Member of Supervisory Board at Daimler AG since April 2005 until April 14, 2010. He holds DEA higher Degree in Economics from University of Paris-Dauphine.

CEO Compensation
  • Arnaud's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Arnaud's remuneration is higher than average for companies of similar size in Switzerland.
Management Team Tenure

Average tenure and age of the Lagardère management team in years:

3.7
Average Tenure
60.5
Average Age
  • The tenure for the Lagardère management team is about average.
Management Team

Arnaud Lagardère

TITLE
General & Managing Partner and CEO
COMPENSATION
€3M
AGE
58
TENURE
16.8 yrs

Pierre Leroy

TITLE
Co-Managing Partner & Secretary General
COMPENSATION
€3M
AGE
71

Thierry Funck-Brentano

TITLE
Co-Managing Partner and Chief Human Relations
COMPENSATION
€3M
AGE
72

Gerard Adsuar

TITLE
Chief Financial Officer
AGE
56
TENURE
3.4 yrs

Sophie Castellan

TITLE
Group Accounting Director

Florence Lonis

TITLE
Chief of Investor Relations
AGE
53
TENURE
3.7 yrs

Eric Thomas

TITLE
General Counsel
AGE
63

Jean-Pierre Elkabbach

TITLE
Head of Lagardère News

Jerome Bella

TITLE
Station's MD of Audiovisual Business (Europe 1) & Director of Lagardere Active Broadcast

Ramzi Khiroun

TITLE
Chief of External Relations Officer
Board of Directors Tenure

Average tenure and age of the Lagardère board of directors in years:

8.5
Average Tenure
63
Average Age
  • The tenure for the Lagardère board of directors is about average.
Board of Directors

Xavier de Sarrau

TITLE
Independent Chairman of the Supervisory Board
COMPENSATION
€98K
AGE
69

Jerome Bella

TITLE
Station's MD of Audiovisual Business (Europe 1) & Director of Lagardere Active Broadcast

Arnaud Nourry

TITLE
Chairman & CEO of Hachette Livre

François David

TITLE
Independent Member of the Supervisory Board
COMPENSATION
€117K
AGE
78
TENURE
11.6 yrs

Martine Chêne

TITLE
Independent Member of the Supervisory Board
COMPENSATION
€16K
AGE
69
TENURE
11.6 yrs

Patrick Valroff

TITLE
Independent Member of the Supervisory Board
COMPENSATION
€59K
AGE
70
TENURE
9.6 yrs

Susan Tolson

TITLE
Independent Member of the Supervisory Board
COMPENSATION
€20K
AGE
57
TENURE
8.5 yrs

Nathalie Andrieux

TITLE
Independent Member of the Supervisory Board
COMPENSATION
€59K
AGE
54
TENURE
7.5 yrs

Hélène Molinari

TITLE
Independent Member of the Supervisory Board
COMPENSATION
€59K
AGE
56
TENURE
7.5 yrs

Soumia Malinbaum

TITLE
Independent Member of the Supervisory Board
COMPENSATION
€59K
AGE
57
TENURE
6.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CHF) Value (CHF)
X
Management checks
We assess Lagardère's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Lagardère has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MMB News

Simply Wall St News

MMB Company Info

Description

Lagardère SCA engages in content publishing, production, broadcasting, and distribution businesses worldwide. It operates through four divisions: Lagardère Publishing, Lagardère Travel Retail, Lagardère Active, and Lagardère Sports and Entertainment. The Lagardère Publishing division includes book publishing and e-publishing businesses, which cover the areas of education, general literature, illustrated books, partworks, dictionaries, youth works, mobile games, board games, and distribution in English, French, and Spanish languages. The Lagardère Travel Retail division is involved in retail activities in travel areas and concessions in travel essentials, duty free and fashion, and food services fields. This segment operates retail outlets under its own international store names, such as Relay, Hubiz, 1Minute, Hub Convenience, Discover, Tech2go, Aelia Duty Free, The Fashion Gallery, The Fashion Place, Eye Love, So Chocolate, Bread&Co., Hello!, So! Coffee, Trib’s, Vino Volo, Natoo, etc., as well as store names with a local identity comprising Sydney Opera House, BuY Paris Duty Free, and Frankfurter Markthalle. It also operates stores under franchises or licenses, with retail partners that include TripAdvisor, Fnac, iStore, Marks & Spencer, Hermès, Victoria’s Secret, Nespresso, Costa Coffee, Burger King, Dean & Deluca, and Paul. The Lagardère Active division engages in the magazine publishing, radio, television channels, audiovisual production and distribution, digital, and advertising sales brokerage businesses. The Lagardère Sports and Entertainment division is involved in marketing rights management; the organization and management of events; consulting in the management and operation of stadiums and multipurpose venues; and content production and media rights management, athlete management, and brand consulting activities. The company was founded in 1826 and is headquartered in Paris, France.

Details
Name: Lagardère SCA
MMB
Exchange: SWX
Founded: 1826
€2,932,954,512
129,066,820
Website: http://www.lagardere.com
Address: Lagardère SCA
4 rue de Presbourg,
Cedex 16,
Paris,
Ile-de-France, 75116,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA MMB Ordinary Shares Euronext Paris FR EUR 02. Jan 1992
OTCPK LGDD.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB LAG Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0HB2 Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
SWX MMB Ordinary Shares SIX Swiss Exchange CH CHF 02. Jan 1992
BATS-CHIXE MMBP Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
28,738
Lagardère employees.
Industry
Publishing
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/15 21:57
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2019/11/14
Last earnings filing: 2019/07/25
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.