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Lisi

DB:LI3
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LI3
DB
€1B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

LISI S.A. engages in the production and sale of fasteners and assembly components in France and internationally. The last earnings update was 81 days ago. More info.


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LI3 Share Price and Events
7 Day Returns
4.9%
DB:LI3
0.8%
Europe Aerospace & Defense
2.8%
DE Market
1 Year Returns
-6.5%
DB:LI3
11.7%
Europe Aerospace & Defense
3%
DE Market
LI3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lisi (LI3) 4.9% -8.4% 5.3% -6.5% 2.7% 26.7%
Europe Aerospace & Defense 0.8% -3.8% 0.9% 11.7% 67.1% 114.9%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • LI3 underperformed the Aerospace & Defense industry which returned 11.7% over the past year.
  • LI3 underperformed the Market in Germany which returned 3% over the past year.
Price Volatility
LI3
Industry
5yr Volatility vs Market

LI3 Value

 Is Lisi 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 Lisi 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 Lisi.

DB:LI3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:LI3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.864 (1 + (1- 33%) (43.21%))
1.076
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.076 * 6.65%)
7.39%

Discounted Cash Flow Calculation for DB:LI3 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Lisi 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.

DB:LI3 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.39%)
2020 93.54 Analyst x5 87.11
2021 104.28 Analyst x4 90.42
2022 111.64 Est @ 7.06% 90.15
2023 117.23 Est @ 5.01% 88.16
2024 121.43 Est @ 3.58% 85.03
2025 124.55 Est @ 2.57% 81.22
2026 126.88 Est @ 1.87% 77.05
2027 128.63 Est @ 1.38% 72.74
2028 129.95 Est @ 1.03% 68.43
2029 130.98 Est @ 0.79% 64.23
Present value of next 10 years cash flows €804.00
DB:LI3 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €130.98 × (1 + 0.23%) ÷ (7.39% – 0.23%)
€1,834.01
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,834.01 ÷ (1 + 7.39%)10
€899.34
DB:LI3 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €804.00 + €899.34
€1,703.34
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,703.34 / 53.23
€32
DB:LI3 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:LI3 represents 0.99613x of ENXTPA:FII
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99613x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 32.00 x 0.99613
€31.87
Value per share (EUR) From above. €31.87
Current discount Discount to share price of €25.70
= -1 x (€25.70 - €31.87) / €31.87
19.4%

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

Current Discount
Amount off the current price Lisi is available for.
Intrinsic value
19%
Share price is €25.7 vs Future cash flow value of €31.87
Current Discount Checks
For Lisi to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Lisi's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Lisi's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Lisi's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lisi's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:LI3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €1.34
ENXTPA:FII Share Price ** ENXTPA (2019-10-11) in EUR €25.8
Europe Aerospace & Defense Industry PE Ratio Median Figure of 36 Publicly-Listed Aerospace & Defense Companies 21.4x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

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

** Primary Listing of Lisi.

DB:LI3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 25.8 ÷ 1.34

19.3x

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

  • Lisi is good value based on earnings compared to the Europe Aerospace & Defense industry average.
  • Lisi is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Lisi's expected growth come at a high price?
Raw Data
DB:LI3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
16.3%per year
Europe Aerospace & Defense Industry PEG Ratio Median Figure of 26 Publicly-Listed Aerospace & Defense Companies 1.59x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

DB:LI3 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.3x ÷ 16.3%

1.19x

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

  • Lisi is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Lisi's assets?
Raw Data
DB:LI3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €17.79
ENXTPA:FII Share Price * ENXTPA (2019-10-11) in EUR €25.8
Europe Aerospace & Defense Industry PB Ratio Median Figure of 49 Publicly-Listed Aerospace & Defense Companies 1.96x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:LI3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 25.8 ÷ 17.79

1.45x

* Primary Listing of Lisi.

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

  • Lisi is good value based on assets compared to the Europe Aerospace & Defense industry average.
X
Value checks
We assess Lisi'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 Aerospace & Defense 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 Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. Lisi has a total score of 3/6, 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.

LI3 Future Performance

 How is Lisi expected to perform in the next 1 to 3 years based on estimates from 7 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
16.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lisi expected to grow at an attractive rate?
  • Lisi's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Lisi's earnings growth is expected to exceed the Germany market average.
  • Lisi's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:LI3 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:LI3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 16.3%
DB:LI3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 2.5%
Europe Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 14.2%
Europe Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 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
DB:LI3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:LI3 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,790 234 117 4
2020-12-31 1,748 223 111 7
2019-12-31 1,689 199 91 5
2019-10-13
DB:LI3 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 1,732 209 71
2019-03-31 1,709 202 82
2018-12-31 1,685 194 92
2018-09-30 1,667 196 94
2018-06-30 1,648 198 96
2018-03-31 1,659 195 102
2017-12-31 1,670 192 108
2017-09-30 1,667 200 107
2017-06-30 1,663 208 106
2017-03-31 1,629 204 107
2016-12-31 1,595 199 107
2016-09-30 1,555 190 102

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lisi's earnings are expected to grow by 16.3% yearly, however this is not considered high growth (20% yearly).
  • Lisi's revenue is expected to grow by 2.5% 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
DB:LI3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Lisi Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:LI3 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.18 2.39 1.98 3.00
2020-12-31 2.08 2.27 1.83 5.00
2019-12-31 1.62 1.97 1.35 5.00
2019-10-13
DB:LI3 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 1.34
2019-03-31 1.53
2018-12-31 1.73
2018-09-30 1.76
2018-06-30 1.80
2018-03-31 1.92
2017-12-31 2.04
2017-09-30 2.02
2017-06-30 2.00
2017-03-31 2.01
2016-12-31 2.02
2016-09-30 1.94

*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.
  • Lisi is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Lisi'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.
Lisi 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.

LI3 Past Performance

  How has Lisi 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 Lisi's growth in the last year to its industry (Aerospace & Defense).
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.
  • Lisi's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Lisi's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Lisi's 1-year earnings growth is negative, it can't be compared to the Europe Aerospace & Defense industry average.
Earnings and Revenue History
Lisi'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 Lisi Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:LI3 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 1,732.45 71.14 642.02
2019-03-31 1,708.59 81.60 641.03
2018-12-31 1,684.74 92.07 640.05
2018-09-30 1,666.62 93.83 633.37
2018-06-30 1,648.49 95.60 626.70
2018-03-31 1,659.26 101.78 623.02
2017-12-31 1,670.02 107.97 619.33
2017-09-30 1,666.67 107.05 620.59
2017-06-30 1,663.32 106.14 621.84
2017-03-31 1,629.10 106.57 613.16
2016-12-31 1,594.88 107.01 604.48
2016-09-30 1,555.29 102.34 592.58
2016-06-30 1,515.70 97.68 580.67
2016-03-31 1,493.42 89.72 574.95
2015-12-31 1,471.14 81.76 569.24
2015-09-30 1,465.06 84.22 567.09
2015-06-30 1,458.99 86.67 564.95
2015-03-31 1,391.48 84.07 539.11
2014-12-31 1,323.97 81.46 513.27
2014-09-30 1,255.11 74.99 490.97
2014-06-30 1,186.24 68.51 468.68
2014-03-31 1,174.61 71.58 463.17
2013-12-31 1,162.99 74.64 457.66
2013-09-30 1,149.61 72.64 450.96
2013-06-30 1,136.23 70.65 444.25
2013-03-31 1,117.25 63.97 440.92
2012-12-31 1,098.27 57.29 437.58

*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.
  • Lisi has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Lisi used its assets less efficiently than the Europe Aerospace & Defense industry average last year based on Return on Assets.
  • Lisi's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Lisi'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 Aerospace & Defense 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.
Lisi 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.

LI3 Health

 How is Lisi'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 Lisi's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lisi is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Lisi's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Lisi'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 Lisi Company Filings, last reported 3 months ago.

DB:LI3 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 955.66 512.68 206.49
2019-03-31 955.66 512.68 206.49
2018-12-31 943.64 490.26 156.88
2018-09-30 943.64 490.26 156.88
2018-06-30 917.08 513.25 224.20
2018-03-31 917.08 513.25 224.20
2017-12-31 897.67 488.53 197.58
2017-09-30 897.67 488.53 197.58
2017-06-30 903.07 408.00 212.87
2017-03-31 903.07 408.00 212.87
2016-12-31 865.22 346.00 141.72
2016-09-30 865.22 346.00 141.72
2016-06-30 826.65 345.03 98.89
2016-03-31 826.65 345.03 98.89
2015-12-31 793.45 267.86 125.81
2015-09-30 793.45 267.86 125.81
2015-06-30 752.04 286.69 117.60
2015-03-31 752.04 286.69 117.60
2014-12-31 710.02 275.10 110.82
2014-09-30 710.02 275.10 110.82
2014-06-30 653.10 309.72 105.20
2014-03-31 653.10 309.72 105.20
2013-12-31 626.43 149.83 94.00
2013-09-30 626.43 149.83 94.00
2013-06-30 602.17 168.55 101.79
2013-03-31 602.17 168.55 101.79
2012-12-31 576.02 165.73 102.16
  • Lisi's level of debt (53.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (47.3% vs 53.6% today).
  • Debt is well covered by operating cash flow (40.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 49.8x coverage).
X
Financial health checks
We assess Lisi'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. Lisi has a total score of 4/6, 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.

LI3 Dividends

 What is Lisi'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
1.71%
Current annual income from Lisi dividends. Estimated to be 1.83% next year.
If you bought €2,000 of Lisi shares you are expected to receive €34 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?
  • Lisi's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Lisi's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
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
DB:LI3 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 7 Analyst Estimates (S&P Global) See Below
Europe Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 1.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:LI3 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.52 4.00
2020-12-31 0.49 6.00
2019-12-31 0.41 5.00
2019-10-13
DB:LI3 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-28 0.440 1.661
2019-02-20 0.440 1.672
2018-03-28 0.480 1.669
2018-02-14 0.480 1.340
2017-03-31 0.450 1.158
2017-02-21 0.450 1.335
2016-03-29 0.390 1.499
2016-02-17 0.390 1.757
2015-03-27 0.370 1.495
2015-02-19 0.370 1.430
2014-03-26 0.340 1.522
2014-02-20 0.340 1.439
2013-03-28 0.280 1.427
2013-02-20 0.280 1.879
2012-07-26 0.260 2.316
2012-02-16 0.260 2.428
2011-04-20 0.210 1.851
2011-02-17 0.210 1.719
2010-04-15 0.140 1.476
2010-02-17 0.140 1.791
2009-04-17 0.240 3.591

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Lisi's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.3x coverage).
X
Income/ dividend checks
We assess Lisi's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Lisi afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lisi 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.

LI3 Management

 What is the CEO of Lisi'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
Emmanuel Viellard
COMPENSATION €607,375
AGE 55
TENURE AS CEO 3.6 years
CEO Bio

Mr. Viellard Emmanuel has been the Chief Executive Officer of Lisi SA. He had been an Executive General Manager of the Group and Chief Executive Officer at Lisi SA since March 1, 2016. Mr. Emmanuel serves as a Managing Director and Executive Vice President of Viellard Migeon & Cie; Director of Archiveco S.A., LISI Cosmetics, Blanc Aero Industries, Blanc Aero Industries (UK), Blanc Aero Technologies, Eurofast, Compagnie Industrielle De Delle, De Pruines Industries, Hi-shear Corporation (usa) Rapala-vmc Oyj. (finland), Fsh Welding Group. He served as Deputy Chief Executive Officer and Executive Vice President of Lisi SA until March 1, 2016. He serves as Chairman of LISI MEDICAL and Lisi Aerospace. Mr. Emmanuel served as Deputy Chairman of LISI S.A. Mr. Emmanuel serves as the Chairman of the Board of Directors of LISI Aerospace and Financiere Viellard S.A. He has been a Director of LISI S.A. since 2000.

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

Emmanuel Viellard

TITLE
CEO & Director
COMPENSATION
€607K
AGE
55
TENURE
3.6 yrs

Jean-Philippe Kohler

TITLE
Deputy CEO in charge of Internal Audit & HR Coordination and Director
COMPENSATION
€558K
AGE
58

Raphaël Vivet

TITLE
Financial Controller

Michel Guignard

TITLE
VP - Operations

Cécile Corre

TITLE
Chief Legal Officer

Jean-Louis Colders

TITLE
Chief Executive Officer of Lisi Aerospace

Laurent Sanchez

TITLE
Senior VP & GM of Business Group Clipped Solutons - Lisi Automotive

Christian Darville

TITLE
Senior Vice President of Administration & Strategic Development North America

François-xavier Du Cleuziou

TITLE
Senior Vice President of Customers - Lisi Aerospace

Marc Steuer

TITLE
Senior VP and GM of BG Extrusion Forming & Sheet Metal - Lisi Aerospace
Board of Directors Tenure

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

17.3
Average Tenure
58
Average Age
  • The average tenure for the Lisi board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Gilles Kohler

TITLE
Non-Executive Chairman
COMPENSATION
€152K
AGE
65
TENURE
20.8 yrs

Emmanuel Viellard

TITLE
CEO & Director
COMPENSATION
€607K
AGE
55
TENURE
19.8 yrs

Lise Nobre

TITLE
Vice-Chairwoman
COMPENSATION
€33K
AGE
54

Jean-Philippe Kohler

TITLE
Deputy CEO in charge of Internal Audit & HR Coordination and Director
COMPENSATION
€558K
AGE
58
TENURE
17.8 yrs

Michel Guignard

TITLE
VP - Operations

Thierry Peugeot

TITLE
Representative Director
COMPENSATION
€27K
AGE
62
TENURE
19.8 yrs

Isabelle Carrere

TITLE
Director
COMPENSATION
€18K
AGE
55
TENURE
5.8 yrs

Christian Peugeot

TITLE
Director
COMPENSATION
€15K
AGE
66
TENURE
16.8 yrs

Pascal Lebard

TITLE
Director
COMPENSATION
€21K
AGE
57
TENURE
14.8 yrs

Patrick Daher

TITLE
Independent Director
COMPENSATION
€27K
AGE
69
TENURE
10.8 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 (€) Value (€)
X
Management checks
We assess Lisi'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. Lisi 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.

LI3 News

Simply Wall St News

LI3 Company Info

Description

LISI S.A. engages in the production and sale of fasteners and assembly components in France and internationally. It operates in three divisions: LISI Aerospace, LISI Automotive, and LISI Medical. The LISI Aerospace division provides airframe structural fasteners; engine fasteners, inserts, studs, and shaft nuts; clip nuts, quarter turns, spacers, etc.; locks, push pins, and assembly equipment; and fasteners and components for motor sports. This division also offers sheet metal and composite structural parts; blades, leading edges, arms and OGVs, beams, shells, air inlets, trunk area, drives, gears, door stops, helicopter floor products, APU nozzles, etc.; and indoor equipment for aircraft and helicopter unloaders. The LISI Automotive division provides fasteners for powertrain, and indoor and outdoor equipment; structural and wheel screws and nuts; screws for sheet metal and soft materials; self-tapping screws; and spacers and hollow bodies, as well as PRESSFIX screws and force-fitting nuts, as well as assembly equipment. This division also offers clipped solutions, such as snap-on nuts with tapped drums; clip assembly systems for tubes, cables, and beams; rivets and pins; axis fasteners; blanking plugs and cable grommets, and fasteners for panels; and metalloplastic subsets, as well as mechanical safety components, including ball studs, guide pins, brake fittings, electrical parking brake systems, seat mechanism pinions and linkage products, engine and gear shift components, and direction components. The LISI Medical division offers orthopedic implants and instruments; trauma and extremities; spine, maxillofacial, and dental implants; and mini-invasive single-use instruments, as well as orthopedic reconstruction implants and instruments. The company was formerly known as GFI Industries and changed its name to LISI S.A. in 2002. The company was founded in 1777 and is headquartered in Belfort, France. LISI S.A. is a subsidiary of Compagnie Industrielle De Delle S.A.

Details
Name: Lisi S.A.
LI3
Exchange: DB
Founded: 1777
€1,373,419,501
53,233,314
Website: http://www.lisi-group.com
Address: Lisi S.A.
6 rue Juvénal Viellard,
Grandvillars,
Belfort,
Franche Comté, 90008,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA FII Share Capital Euronext Paris FR EUR 02. Jan 1992
OTCPK LSII.F Share Capital Pink Sheets LLC US USD 02. Jan 1992
DB LI3 Share Capital Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0EKE Share Capital London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE FIIP Share Capital BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
12,131
Lisi employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 22:32
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/26
Last earnings filing: 2019/07/24
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.