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Altur Investissement SCA SCR

DB:TI8
Snowflake Description

Flawless balance sheet unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TI8
DB
€19M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Altur Investissement SCA, SCR specializes in buyouts, including leveraged buyouts and owner buyouts, and growth capital investments in small and medium enterprises. The last earnings update was 248 days ago. More info.


Add to Portfolio Compare Print
  • Altur Investissement SCA SCR is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Altur Investissement SCA SCR has significant price volatility in the past 3 months.
TI8 Share Price and Events
7 Day Returns
-0.4%
DB:TI8
-6.8%
DE Capital Markets
-2.7%
DE Market
1 Year Returns
-19.9%
DB:TI8
-11.8%
DE Capital Markets
-20.4%
DE Market
TI8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Altur Investissement SCA SCR (TI8) -0.4% -19% -22% -19.9% -5.2% -3.7%
DE Capital Markets -6.8% -21.9% -18% -11.8% -29% -57.8%
DE Market -2.7% -18.4% -26.7% -20.4% -25.9% -30.4%
1 Year Return vs Industry and Market
  • TI8 underperformed the Capital Markets industry which returned -11.8% over the past year.
  • TI8 matched the Germany Market (-20.4%) over the past year.
Price Volatility
TI8
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Altur Investissement SCA SCR 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 Altur Investissement SCA SCR 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 Altur Investissement SCA SCR.

DB:TI8 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= €7.68 * 2.8%
€0.21
Book Value of Equity per Share Median Book Value from the past 5 years. €7.68
Discount Rate (Cost of Equity) See below 4.7%
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:TI8
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.747 (1 + (1- 33%) (0%))
0.83
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.83 * 6.07%)
4.65%

Discounted Cash Flow Calculation for DB:TI8 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Altur Investissement SCA SCR is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:TI8 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (2.8% – 4.65%) * €7.68)
€-0.15
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-0.15 / (4.65% - -0.39%)
€-2.89
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €7.68 + €-2.89
€4.79
DB:TI8 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TI8 represents 1.00878x of ENXTPA:ALTUR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00878x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 4.79 x 1.00878
€4.83
Value per share (EUR) From above. €4.83
Current discount Discount to share price of €4.60
= -1 x (€4.60 - €4.83) / €4.83
4.8%

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

Current Discount
Amount off the current price Altur Investissement SCA SCR is available for.
Intrinsic value
5%
Share price is €4.6 vs Future cash flow value of €4.83
Current Discount Checks
For Altur Investissement SCA SCR to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Altur Investissement SCA SCR's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Altur Investissement SCA SCR'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 Altur Investissement SCA SCR's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Altur Investissement SCA SCR's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TI8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.07
ENXTPA:ALTUR Share Price ** ENXTPA (2020-04-02) in EUR €4.56
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 22.18x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.15x

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

** Primary Listing of Altur Investissement SCA SCR.

DB:TI8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 4.56 ÷ 0.07

68.45x

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

  • Altur Investissement SCA SCR is overvalued based on earnings compared to the DE Capital Markets industry average.
  • Altur Investissement SCA SCR is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Altur Investissement SCA SCR's expected growth come at a high price?
Raw Data
DB:TI8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 68.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*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 Altur Investissement SCA SCR, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Altur Investissement SCA SCR's assets?
Raw Data
DB:TI8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €7.68
ENXTPA:ALTUR Share Price * ENXTPA (2020-04-02) in EUR €4.56
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:TI8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 4.56 ÷ 7.68

0.59x

* Primary Listing of Altur Investissement SCA SCR.

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

  • Altur Investissement SCA SCR is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Altur Investissement SCA SCR'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Altur Investissement SCA SCR has a total score of 1/6, 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 Altur Investissement SCA SCR 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 Altur Investissement SCA SCR 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
40%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Altur Investissement SCA SCR expected to grow at an attractive rate?
  • Unable to compare Altur Investissement SCA SCR's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Altur Investissement SCA SCR's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Altur Investissement SCA SCR's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:TI8 Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 40%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
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:TI8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 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:TI8 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 0 0
2019-03-31 0 1
2018-12-31 0 1
2018-09-30 4
2018-06-30 0 6
2018-03-31 0 6
2017-12-31 0 6
2017-09-30 3
2017-06-30 0 0
2017-03-31 0 0
2016-12-31 0 0
2016-09-30 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Altur Investissement SCA SCR is high growth as no earnings estimate data is available.
  • Unable to determine if Altur Investissement SCA SCR 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:TI8 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Altur Investissement SCA SCR Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TI8 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.07
2019-03-31 0.21
2018-12-31 0.36
2018-09-30 0.91
2018-06-30 1.46
2018-03-31 1.40
2017-12-31 1.34
2017-09-30 0.69
2017-06-30 0.03
2017-03-31 0.00
2016-12-31 -0.02
2016-09-30 0.04

*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 Altur Investissement SCA SCR will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Altur Investissement SCA SCR'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.
Altur Investissement SCA SCR 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 Altur Investissement SCA SCR performed over the past 5 years?

  • Altur Investissement SCA SCR's last earnings update was 248 days ago.
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 Altur Investissement SCA SCR's growth in the last year to its industry (Capital Markets).
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.
  • Altur Investissement SCA SCR's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Altur Investissement SCA SCR's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Altur Investissement SCA SCR's 1-year earnings growth is negative, it can't be compared to the DE Capital Markets industry average.
Earnings and Revenue History
Altur Investissement SCA SCR'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 Altur Investissement SCA SCR Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TI8 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 0.28 0.06
2019-03-31 0.88 0.05
2018-12-31 1.49 0.04
2018-09-30 3.79 0.01
2018-06-30 6.09
2018-03-31 5.84
2017-12-31 5.60
2017-09-30 2.86
2017-06-30 0.13
2017-03-31 0.02
2016-12-31 -0.10
2016-09-30 0.16
2016-06-30 0.42
2016-03-31 0.44
2015-12-31 0.46
2015-09-30 0.15 -0.01
2015-06-30 -0.17 -0.02
2015-03-31 2.88 -0.01
2014-12-31 5.92
2014-09-30 5.53 0.01
2014-06-30 5.13 0.04
2014-03-31 1.08 0.04
2013-12-31 -2.97
2013-09-30 0.00 -4.36 -0.02
2013-06-30 0.00 -5.75 0.04

*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.
  • Altur Investissement SCA SCR has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if Altur Investissement SCA SCR has efficiently used its assets last year compared to the DE Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Altur Investissement SCA SCR improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Altur Investissement SCA SCR'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 Capital Markets 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.
Altur Investissement SCA SCR has a total score of 0/6, 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 Altur Investissement SCA SCR'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 Altur Investissement SCA SCR's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Altur Investissement SCA SCR is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Altur Investissement SCA SCR has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Altur Investissement SCA SCR'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.
  • Low level of unsold assets.
  • Altur Investissement SCA SCR has no debt, it does not need to be covered by short term assets.
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 Altur Investissement SCA SCR Company Filings, last reported 9 months ago.

DB:TI8 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 31.99 0.00 3.92
2019-03-31 31.99 0.00 3.92
2018-12-31 34.44 0.00 11.04
2018-09-30 34.44 0.00 11.04
2018-06-30 33.24 0.00 10.28
2018-03-31 33.24 0.00 10.28
2017-12-31 35.30 0.00 12.94
2017-09-30 35.30 0.00 12.94
2017-06-30 29.50 1.50 1.88
2017-03-31 29.50 1.50 1.88
2016-12-31 30.70 0.00 3.45
2016-09-30 30.70 0.00 3.45
2016-06-30 30.37 0.00 1.19
2016-03-31 30.37 0.00 1.19
2015-12-31 31.87 0.00 3.44
2015-09-30 31.87 0.00 3.44
2015-06-30 31.02 0.00 4.05
2015-03-31 31.02 0.00 4.05
2014-12-31 32.41 0.00 7.94
2014-09-30 32.41 0.00 7.94
2014-06-30 32.19 0.00 9.53
2014-03-31 32.19 0.00 9.53
2013-12-31 26.48 0.00 7.37
2013-09-30 26.48 0.00 7.37
2013-06-30 27.06 0.00 8.88
  • Altur Investissement SCA SCR has no debt.
  • Altur Investissement SCA SCR had no debt 5 years ago.
  • Altur Investissement SCA SCR has no debt, it does not need to be covered by operating cash flow.
  • Altur Investissement SCA SCR has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Altur Investissement SCA SCR'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. Altur Investissement SCA SCR 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 Altur Investissement SCA SCR'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
6.58%
Current annual income from Altur Investissement SCA SCR dividends.
If you bought €2,000 of Altur Investissement SCA SCR shares you are expected to receive €132 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?
  • Altur Investissement SCA SCR's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • Altur Investissement SCA SCR's dividend is above the markets top 25% of dividend payers in Germany (4.86%).
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:TI8 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 Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 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.

DB:TI8 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-10 0.300 5.357
2018-04-30 0.300 5.308
2018-04-25 0.300 5.277
2017-04-27 0.240 4.311
2016-04-28 0.240 5.176
2015-04-29 0.240 5.299
2015-04-08 0.240 4.802

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

  • Whilst dividend payments have been stable, Altur Investissement SCA SCR has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Altur Investissement SCA SCR only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Altur Investissement SCA SCR's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.2x coverage).
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 Altur Investissement SCA SCR'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 Altur Investissement SCA SCR afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Altur Investissement SCA SCR has a total score of 2/6, 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 Altur Investissement SCA SCR'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
François Lombard
AGE 70
CEO Bio

Dr. François Lombard Ph.D. is a Founder, President and Member of Board of Directors at Turenne Capital Partenaires. He founded the firm in 1999. He is also a Founder at Turenne Santé and at Altur Investissement SCA, SCR, where he also serves as Chief Executive Officer, Chairman and Chairman of the Supervisory Board. In addition, he is also a Founder, President and Chief Executive Officer at Jet Innovation Sud, FCPR. In January 1989 Dr. Lombard Ph.D. founded Epargne Partenaires SA where he served as Chief Executive Officer. Prior to that, in 1986, he worked CDC Participations as a Deputy Director. He began his career at the World Bank in 1977. Dr. Lombard Ph.D. also worked with CCF as a Vice President of Project Financing. He served as Independent Director of Ambrilia Biopharma, Inc. from March 2006 to December 2009. He also served as a Member of Supervisory Board of Genfit SA. and Trophos SA. Dr. François Lombard Ph.D. holds an M.B.A. from Wharton Business School, USA, a Ph.D. in International Business from Pennsylvania University, USA and graduated from ESSEC (Business School), France.

CEO Compensation
  • Insufficient data for François to compare compensation growth.
  • Insufficient data for François to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

François Lombard

TITLE
MD, CEO
AGE
70

Bertrand Cavalié

TITLE
Analyst
Board of Directors Tenure

Average tenure and age of the Altur Investissement SCA SCR board of directors in years:

1.8
Average Tenure
70
Average Age
  • The average tenure for the Altur Investissement SCA SCR board of directors is less than 3 years, this suggests a new board.
Board of Directors

Michel Cognet

TITLE
Chairman of the Supervisory Board
AGE
71

François Lombard

TITLE
MD, CEO
AGE
70

Sabine Roux de Bézieux

TITLE
Member of the Supervisory Board
AGE
54

Christian Toulouse

TITLE
Member of the Supervisory Board

Sabine Lombard

TITLE
Member of the Supervisory Board
TENURE
2 yrs

François Carrega

TITLE
Member of the Supervisory Board
TENURE
1.8 yrs

Sophie Furtak

TITLE
Member of the Supervisory Board
TENURE
0.9 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 Altur Investissement SCA SCR'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. Altur Investissement SCA SCR 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

Altur Investissement SCA, SCR specializes in buyouts, including leveraged buyouts and owner buyouts, and growth capital investments in small and medium enterprises. It seeks to invest in health, internet, sustainable development, distribution, industrials, hotel industry, and services. It only invests in private companies. The fund seeks to invest in businesses with a maximum enterprise value of €100 million ($128 million). It can be the sole or leading investor. It prefers to take majority and minority stakes in its portfolio companies. The funds strategy is to invest over an unlimited period of time.

Details
Name: Altur Investissement SCA, SCR
TI8
Exchange: DB
Founded: 2006
€18,999,084
4,166,466
Website: http://www.altur-investissement.com
Address: Altur Investissement SCA, SCR
9 rue de Téhéran,
Paris,
Ile-de-France, 75008,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA ALTUR Ordinary Shares Euronext Paris FR EUR 11. Dec 2006
DB TI8 Ordinary Shares Deutsche Boerse AG DE EUR 11. Dec 2006
LSE 0RA6 Ordinary Shares London Stock Exchange GB EUR 11. Dec 2006
Number of employees
Current staff
Staff numbers
0
Altur Investissement SCA SCR employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 21:30
End of day share price update: 2020/04/02 00:00
Last earnings filing: 2019/07/29
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.