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Groupe Partouche

DB:PZ21
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PZ21
DB
€172M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Groupe Partouche SA, through its subsidiaries, operates casinos, hotels, restaurants, dancehalls, and bars in France, other European countries, and internationally. The last earnings update was 41 days ago. More info.


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  • Groupe Partouche has significant price volatility in the past 3 months.
PZ21 Share Price and Events
7 Day Returns
-11.5%
DB:PZ21
-6.9%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-8.1%
DB:PZ21
-48.1%
DE Hospitality
-20.9%
DE Market
PZ21 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Groupe Partouche (PZ21) -11.5% -33% -34.5% -8.1% -49.5% 33.7%
DE Hospitality -6.9% -31.2% -57.5% -48.1% -63.2% -70.6%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • PZ21 outperformed the Hospitality industry which returned -48.1% over the past year.
  • PZ21 outperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
PZ21
Industry
5yr Volatility vs Market

Value

 Is Groupe Partouche 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 Groupe Partouche 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 Groupe Partouche.

DB:PZ21 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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:PZ21
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 33%) (93.86%))
1.183
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.183 * 6.07%)
6.79%

Discounted Cash Flow Calculation for DB:PZ21 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Groupe Partouche 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:PZ21 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.79%)
2020 8.68 Est @ 11.69% 8.13
2021 9.39 Est @ 8.07% 8.23
2022 9.90 Est @ 5.53% 8.13
2023 10.28 Est @ 3.75% 7.90
2024 10.53 Est @ 2.51% 7.58
2025 10.71 Est @ 1.64% 7.22
2026 10.82 Est @ 1.03% 6.83
2027 10.88 Est @ 0.61% 6.43
2028 10.92 Est @ 0.31% 6.04
2029 10.93 Est @ 0.1% 5.66
Present value of next 10 years cash flows €72.00
DB:PZ21 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €10.93 × (1 + -0.39%) ÷ (6.79% – -0.39%)
€151.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €151.52 ÷ (1 + 6.79%)10
€78.53
DB:PZ21 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €72.00 + €78.53
€150.53
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €150.53 / 9.61
€15.66
DB:PZ21 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PZ21 represents 1.01396x of ENXTPA:PARP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.01396x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 15.66 x 1.01396
€15.87
Value per share (EUR) From above. €15.87
Current discount Discount to share price of €18.15
= -1 x (€18.15 - €15.87) / €15.87
-14.3%

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

  • The current share price of Groupe Partouche 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 Groupe Partouche's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Groupe Partouche's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PZ21 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-10-31) in EUR €1.94
ENXTPA:PARP Share Price ** ENXTPA (2020-04-03) in EUR €17.9
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 21.1x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

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

** Primary Listing of Groupe Partouche.

DB:PZ21 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 17.9 ÷ 1.94

9.23x

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

  • Groupe Partouche is good value based on earnings compared to the DE Hospitality industry average.
  • Groupe Partouche is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Groupe Partouche's expected growth come at a high price?
Raw Data
DB:PZ21 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Hospitality Industry PEG Ratio Median Figure of 63 Publicly-Listed Hospitality Companies 0.96x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Groupe Partouche, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Groupe Partouche's assets?
Raw Data
DB:PZ21 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-10-31) in EUR €38.27
ENXTPA:PARP Share Price * ENXTPA (2020-04-03) in EUR €17.9
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 1.73x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:PZ21 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 17.9 ÷ 38.27

0.47x

* Primary Listing of Groupe Partouche.

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

  • Groupe Partouche is good value based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Groupe Partouche'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 Hospitality 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 Hospitality industry average (and greater than 0)? (1 check)
  5. Groupe Partouche 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.

Future Performance

 How is Groupe Partouche expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Groupe Partouche has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
28.9%
Expected Hospitality industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Groupe Partouche expected to grow at an attractive rate?
  • Unable to compare Groupe Partouche's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Groupe Partouche's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Groupe Partouche's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:PZ21 Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 28.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:PZ21 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PZ21 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-10-31 433 72 19
2019-07-31 427 66 14
2019-04-30 421 60 10
2019-01-31 416 55 8
2018-10-31 411 49 6
2018-07-31 412 54 18
2018-04-30 413 59 30
2018-01-31 410 63 34
2017-10-31 407 66 37
2017-07-31 404 67 25
2017-04-30 400 67 13
2017-01-31 403 61 12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Groupe Partouche is high growth as no earnings estimate data is available.
  • Unable to determine if Groupe Partouche is high growth as no revenue estimate data is available.
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:PZ21 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Groupe Partouche Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PZ21 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-10-31 1.94
2019-07-31 1.47
2019-04-30 1.00
2019-01-31 0.83
2018-10-31 0.65
2018-07-31 1.90
2018-04-30 3.14
2018-01-31 3.52
2017-10-31 3.89
2017-07-31 2.61
2017-04-30 1.32
2017-01-31 1.24

*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.
  • Unable to establish if Groupe Partouche will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Groupe Partouche is trading at Groupe Partouche'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Groupe Partouche's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Services companies here
  3. Groupe Partouche's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Groupe Partouche'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Groupe Partouche has a total score of 0/6, 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.

Past Performance

  How has Groupe Partouche 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 Groupe Partouche's growth in the last year to its industry (Hospitality).
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.
  • Groupe Partouche has delivered over 20% year on year earnings growth in the past 5 years.
  • Groupe Partouche's 1-year earnings growth exceeds its 5-year average (199% vs 38.2%)
  • Groupe Partouche's earnings growth has exceeded the DE Hospitality industry average in the past year (199% vs -36.8%).
Earnings and Revenue History
Groupe Partouche'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 Groupe Partouche Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PZ21 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-10-31 433.49 18.64 40.30
2019-07-31 427.47 14.14 40.05
2019-04-30 421.44 9.64 39.80
2019-01-31 416.14 7.94 39.80
2018-10-31 410.84 6.23 39.80
2018-07-31 411.81 18.24 39.95
2018-04-30 412.78 30.25 40.10
2018-01-31 409.83 33.84 39.20
2017-10-31 406.89 37.43 38.30
2017-07-31 403.59 25.09 39.00
2017-04-30 400.29 12.76 39.70
2017-01-31 402.75 11.95 40.15
2016-10-31 405.20 11.14 40.60
2016-07-31 404.83 8.12 38.55
2016-04-30 404.45 5.11 36.50
2016-01-31 402.39 3.54 36.10
2015-10-31 400.34 1.98 35.70
2015-07-31 404.24 -4.34 65.80
2015-04-30 408.13 -10.65 18.10
2015-01-31 408.89 -6.10 9.05
2014-10-31 409.64 -1.54 38.90
2014-07-31 417.04 1.38 -22.21
2014-04-30 424.45 4.37 44.42
2014-01-31 430.41 -4.47 44.42
2013-10-31 436.38 -13.34
2013-07-31 439.57 -12.67 47.48
2013-04-30 442.76 -13.44 50.55

*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.
  • Groupe Partouche has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Groupe Partouche used its assets less efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Groupe Partouche's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Groupe Partouche'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 Hospitality 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.
Groupe Partouche has a total score of 3/6, 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.

Health

 How is Groupe Partouche'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 Groupe Partouche's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Groupe Partouche is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Groupe Partouche's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Groupe Partouche'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 1.2x 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 Groupe Partouche Company Filings, last reported 5 months ago.

DB:PZ21 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-10-31 391.92 147.49 119.13
2019-07-31 391.92 147.49 119.13
2019-04-30 382.88 145.28 97.11
2019-01-31 382.88 145.28 97.11
2018-10-31 371.93 167.87 109.93
2018-07-31 371.93 167.87 109.93
2018-04-30 378.43 147.46 110.75
2018-01-31 378.43 147.46 110.75
2017-10-31 367.92 157.64 116.41
2017-07-31 367.92 157.64 116.41
2017-04-30 355.86 149.22 112.32
2017-01-31 355.86 149.22 112.32
2016-10-31 335.16 189.18 152.49
2016-07-31 335.16 189.18 152.49
2016-04-30 336.64 180.49 133.06
2016-01-31 336.64 180.49 133.06
2015-10-31 332.25 203.46 164.86
2015-07-31 332.25 203.46 164.86
2015-04-30 339.78 215.10 134.04
2015-01-31 339.78 215.10 134.04
2014-10-31 330.23 219.70 116.71
2014-07-31 330.23 219.70 116.71
2014-04-30 351.57 275.80 146.82
2014-01-31 351.57 275.80 146.82
2013-10-31 333.28 271.73 112.55
2013-07-31 333.67 271.73 112.55
2013-04-30 345.80 271.87 99.62
  • Groupe Partouche's level of debt (37.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (66.3% vs 37.6% today).
  • Debt is well covered by operating cash flow (49.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.2x coverage).
X
Financial health checks
We assess Groupe Partouche'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. Groupe Partouche has a total score of 6/6, 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.

Dividends

 What is Groupe Partouche'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
0%
Current annual income from Groupe Partouche dividends.
If you bought €2,000 of Groupe Partouche shares you are expected to receive €0 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?
  • Unable to evaluate Groupe Partouche's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Groupe Partouche's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:PZ21 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 0 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 11.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Groupe Partouche has not reported any payouts.
  • Unable to verify if Groupe Partouche's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Groupe Partouche's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Groupe Partouche has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Groupe Partouche's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Groupe Partouche afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Groupe Partouche has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Groupe Partouche'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
Fabrice Paire
COMPENSATION €431,389
AGE 50
TENURE AS CEO 12.3 years
CEO Bio

Mr. Fabrice Paire serves as the Managing Director and Company Secretary at Groupe Partouche SA since 2008 and 2005 respectively. Mr. Paire serves as Chairman of the Executive Board at Groupe Partouche SA March 18, 2011 and serves its Member of the Executive Board since November 3, 2008. Mr. Paire served as General Manager of Groupe Partouche SA since November 2008. He has a degree in Internal Audit and Chartered Accountant (University of Paris Dauphine).

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

Average tenure and age of the Groupe Partouche management team in years:

18
Average Tenure
56.5
Average Age
  • The average tenure for the Groupe Partouche management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Fabrice Paire

TITLE
Chairman of the Executive Board
COMPENSATION
€431K
AGE
50
TENURE
12.3 yrs

Katy Zenou

TITLE
Member of the Executive Board & GM
COMPENSATION
€285K
AGE
58
TENURE
23.8 yrs

Ari Sebag

TITLE
Member of the Executive Board & GM
COMPENSATION
€411K
AGE
58
TENURE
23.8 yrs

Jean-François Largillière

TITLE
Member of the Executive Board
COMPENSATION
€193K
AGE
55
TENURE
6.5 yrs

Valérie Fort

TITLE
Finance Director
Board of Directors Tenure

Average tenure and age of the Groupe Partouche board of directors in years:

4.8
Average Tenure
55.5
Average Age
  • The tenure for the Groupe Partouche board of directors is about average.
Board of Directors

Patrick Partouche

TITLE
Chairman of the Supervisory Board
COMPENSATION
€546K
AGE
55
TENURE
9 yrs

Isidore Partouche

TITLE
Vice Chairman of the Supervisory Board
COMPENSATION
€147K
AGE
88

Walter Butler

TITLE
Member of Supervisory Board
COMPENSATION
€6K
AGE
63
TENURE
9 yrs

Daniel Cohen

TITLE
Independent Member of Supervisory Board
COMPENSATION
€21K
AGE
57
TENURE
8.3 yrs

Véronique Forneri

TITLE
Independent Member of the Supervisory Board
COMPENSATION
€11K
AGE
56
TENURE
6 yrs

Laurent Parquet

TITLE
Member of Supervisory Board
COMPENSATION
€21K
AGE
54
TENURE
3.6 yrs

Salomé Partouche

TITLE
Member of Supervisory Board
COMPENSATION
€14K
AGE
30
TENURE
3.4 yrs

Caroline Texier

TITLE
Independent Member of Supervisory Board
COMPENSATION
€18K
AGE
42
TENURE
2.8 yrs

Philippe Perrin

TITLE
Employee Representative Supervisory Board Member
TENURE
1.3 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 Groupe Partouche'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. Groupe Partouche 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.

News

Simply Wall St News

Company Info

Description

Groupe Partouche SA, through its subsidiaries, operates casinos, hotels, restaurants, dancehalls, and bars in France, other European countries, and internationally. The company operates through three divisions: Casino, Hotel, and Other Activities. Its casinos offer table games, such as Boule; American, English, or French roulette; Casino War; Punto Banco; Blackjack, Stud Poker, and Hold’em Poker; Texas Hold’em Poker and Omaha Poker 4 high; Bingo; electronic roulette; electronic Blackjack; and electronic Texas Hold’em Poker and Bingo, as well as slot machines. The company also owns and operates diners, gourmet and themed restaurants, and health spas and golf courses; develops television (TV) programs and mobile TV gaming offerings; interactive game shows associated with an online gaming offering; markets gaming solutions and lotteries; and produces televised programs and events. In addition, it operates Quarisma, a platform for the real time management of quality services between customers and casino operators; and manages casino information systems, as well as data communication hardware and networks. Further, the company engages in real estate and sports betting activities. As of October 31, 2018, it operated 43 casinos with 5,113 slot machines installed in France and 665 machines installed internationally, as well as 900 electronic English roulette wheels installed in France and 22 wheels installed internationally; 10 hotels with approximately 410 rooms; 80 restaurants; and 5 health spas and 2 golf courses. The company was founded in 1973 and is headquartered in Paris, France. Groupe Partouche SA is a subsidiary of Financiere Partouche SA.

Details
Name: Groupe Partouche SA
PZ21
Exchange: DB
Founded: 1973
€172,102,825
9,614,683
Website: http://www.groupepartouche.com
Address: Groupe Partouche SA
141 bis rue de Saussure,
Paris,
Ile-de-France, 75017,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA PARP New Ordinary Shares Euronext Paris FR EUR 16. Mar 2015
DB PZ21 New Ordinary Shares Deutsche Boerse AG DE EUR 16. Mar 2015
BATS-CHIXE PARPP New Ordinary Shares BATS 'Chi-X Europe' GB EUR 16. Mar 2015
LSE 0R62 Ordinary Shares London Stock Exchange GB EUR 22. Jun 1995
Number of employees
Current staff
Staff numbers
4,095
Groupe Partouche employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 03:17
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2020/02/25
Last earnings reported: 2019/10/31
Last annual earnings reported: 2019/10/31


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.