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Millet Innovation

ENXTPA:ALINN
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ALINN
ENXTPA
€38M
Market Cap
  1. Home
  2. FR
  3. Household
Company description

Millet Innovation SA provides skin care products for the prevention of bed sores and aesthetic improvement of scars. The last earnings update was 42 days ago. More info.


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ALINN Share Price and Events
7 Day Returns
0%
ENXTPA:ALINN
2.1%
FR Personal Products
1.4%
FR Market
1 Year Returns
18.8%
ENXTPA:ALINN
28.9%
FR Personal Products
13.2%
FR Market
ALINN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Millet Innovation (ALINN) 0% 0% 1.5% 18.8% -14.3% 6.7%
FR Personal Products 2.1% -4.1% -1.9% 28.9% 49% 96%
FR Market 1.4% 1.4% 2.4% 13.2% 30.9% 44.4%
1 Year Return vs Industry and Market
  • ALINN underperformed the Personal Products industry which returned 28.9% over the past year.
  • ALINN outperformed the Market in France which returned 13.2% over the past year.
Price Volatility
ALINN
Industry
5yr Volatility vs Market

ALINN Value

 Is Millet Innovation 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 Millet Innovation 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 Millet Innovation.

ENXTPA:ALINN 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 6.2%
Perpetual Growth Rate 10-Year FR Government Bond Rate 0.7%

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 ENXTPA:ALINN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
Personal Products Unlevered Beta Simply Wall St/ S&P Global 0.71
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.709 (1 + (1- 33%) (3.13%))
0.815
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (0.815 * 6.65%)
6.15%

Discounted Cash Flow Calculation for ENXTPA:ALINN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Millet Innovation 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.

ENXTPA:ALINN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.15%)
2020 3.67 Est @ 3.53% 3.45
2021 3.77 Est @ 2.69% 3.34
2022 3.84 Est @ 2.1% 3.21
2023 3.91 Est @ 1.69% 3.08
2024 3.96 Est @ 1.4% 2.94
2025 4.01 Est @ 1.2% 2.80
2026 4.06 Est @ 1.06% 2.67
2027 4.09 Est @ 0.96% 2.54
2028 4.13 Est @ 0.89% 2.41
2029 4.17 Est @ 0.85% 2.29
Present value of next 10 years cash flows €28.00
ENXTPA:ALINN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €4.17 × (1 + 0.73%) ÷ (6.15% – 0.73%)
€77.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €77.44 ÷ (1 + 6.15%)10
€42.63
ENXTPA:ALINN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €28.00 + €42.63
€70.63
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €70.63 / 1.90
€37.09
ENXTPA:ALINN Discount to Share Price
Calculation Result
Value per share (EUR) From above. €37.09
Current discount Discount to share price of €20.20
= -1 x (€20.20 - €37.09) / €37.09
45.5%

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

Current Discount
Amount off the current price Millet Innovation is available for.
Intrinsic value
46%
Share price is €20.2 vs Future cash flow value of €37.09
Current Discount Checks
For Millet Innovation to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Millet Innovation's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Millet Innovation's share price is below the future cash flow value, and 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 Millet Innovation's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Millet Innovation's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:ALINN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €1.17
ENXTPA:ALINN Share Price ** ENXTPA (2019-10-23) in EUR €20.2
Europe Personal Products Industry PE Ratio Median Figure of 28 Publicly-Listed Personal Products Companies 21.86x
France Market PE Ratio Median Figure of 400 Publicly-Listed Companies 17.39x

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

** Primary Listing of Millet Innovation.

ENXTPA:ALINN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 20.2 ÷ 1.17

17.21x

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

  • Millet Innovation is good value based on earnings compared to the Europe Personal Products industry average.
  • Millet Innovation is good value based on earnings compared to the France market.
Price based on expected Growth
Does Millet Innovation's expected growth come at a high price?
Raw Data
ENXTPA:ALINN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-2.6%per year
Europe Personal Products Industry PEG Ratio Median Figure of 15 Publicly-Listed Personal Products Companies 1.76x
France Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.45x

*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 Millet Innovation, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Millet Innovation's assets?
Raw Data
ENXTPA:ALINN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €7.72
ENXTPA:ALINN Share Price * ENXTPA (2019-10-23) in EUR €20.2
France Personal Products Industry PB Ratio Median Figure of 5 Publicly-Listed Personal Products Companies 2.62x
France Market PB Ratio Median Figure of 592 Publicly-Listed Companies 1.38x
ENXTPA:ALINN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 20.2 ÷ 7.72

2.62x

* Primary Listing of Millet Innovation.

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

  • Millet Innovation is good value based on assets compared to the FR Personal Products industry average.
X
Value checks
We assess Millet Innovation'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 Personal Products 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 Personal Products industry average (and greater than 0)? (1 check)
  5. Millet Innovation has a total score of 5/6, 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.

ALINN Future Performance

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

  • No analysts cover Millet Innovation, future earnings growth has been estimated based on fundamentals.
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
-2.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Millet Innovation expected to grow at an attractive rate?
  • Millet Innovation's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Millet Innovation's earnings are expected to decrease over the next 1-3 years, this is below the France market average.
  • Unable to compare Millet Innovation's revenue growth to the France market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ENXTPA:ALINN Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:ALINN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -2.6%
France Personal Products Industry Earnings Growth Rate Market Cap Weighted Average 8.2%
Europe Personal Products Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
France Market Earnings Growth Rate Market Cap Weighted Average 11.7%
France Market Revenue Growth Rate Market Cap Weighted Average 4.4%

*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
ENXTPA:ALINN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
ENXTPA:ALINN Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 23 2
2019-03-31 23 2
2018-12-31 22 4 2
2018-09-30 22 3 2
2018-06-30 22 2 1
2018-03-31 22 2 2
2017-12-31 22 2 3
2017-09-30 22 2 3
2017-06-30 22 2 4
2017-03-31 23 3 3
2016-12-31 24 4 3
2016-09-30 23 4 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Millet Innovation's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Millet Innovation 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
ENXTPA:ALINN 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 0 Analyst Estimates (S&P Global) See Below

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

ENXTPA:ALINN Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 1.17
2019-03-31 1.02
2018-12-31 0.86
2018-09-30 0.82
2018-06-30 0.78
2018-03-31 1.06
2017-12-31 1.33
2017-09-30 1.60
2017-06-30 1.87
2017-03-31 1.75
2016-12-31 1.64
2016-09-30 1.70

*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 Millet Innovation will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Millet Innovation'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 France 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.
Millet Innovation 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.

ALINN Past Performance

  How has Millet Innovation 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 Millet Innovation's growth in the last year to its industry (Personal Products).
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.
  • Millet Innovation's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Millet Innovation's 1-year earnings growth exceeds its 5-year average (51.3% vs -6.2%)
  • Millet Innovation's earnings growth has exceeded the Europe Personal Products industry average in the past year (51.3% vs 3.1%).
Earnings and Revenue History
Millet Innovation'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 Millet Innovation Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:ALINN 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 22.85 2.24 4.53
2019-03-31 22.53 1.93 4.52
2018-12-31 22.21 1.63 4.50
2018-09-30 22.07 1.56 4.48
2018-06-30 21.93 1.48 4.46
2018-03-31 21.89 2.01 4.34
2017-12-31 21.86 2.54 4.22
2017-09-30 21.86 3.05 4.25
2017-06-30 21.85 3.56 4.27
2017-03-31 22.70 3.34 4.25
2016-12-31 23.55 3.13 4.22
2016-09-30 23.44 3.24 4.11
2016-06-30 23.33 3.35 4.00
2016-03-31 22.74 3.31 3.95
2015-12-31 22.15 3.26 3.90
2015-09-30 21.52 2.69 3.87
2015-06-30 20.89 2.13 3.84
2015-03-31 20.70 2.32 3.75
2014-12-31 20.50 2.50 3.67
2014-09-30 20.17 2.52 3.53
2014-06-30 19.84 2.53 3.40
2014-03-31 19.46 2.46 3.30
2013-12-31 19.08 2.38 3.20
2013-09-30 18.80 2.26 3.13
2013-06-30 18.52 2.15 3.06
2013-03-31 18.05 1.93 2.95
2012-12-31 17.58 1.70 2.85

*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.
  • Millet Innovation has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Millet Innovation used its assets less efficiently than the Europe Personal Products industry average last year based on Return on Assets.
  • Millet Innovation's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Millet Innovation'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 Personal Products 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.
Millet Innovation has a total score of 2/6, 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.

ALINN Health

 How is Millet Innovation'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 Millet Innovation's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Millet Innovation is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Millet Innovation's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Millet Innovation'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 14.4x 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 Millet Innovation Company Filings, last reported 3 months ago.

ENXTPA:ALINN Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 14.71 1.20 4.49
2019-03-31 14.71 1.20 4.49
2018-12-31 13.14 1.75 3.50
2018-09-30 13.14 1.75 3.50
2018-06-30 12.48 2.37 3.13
2018-03-31 12.48 2.37 3.13
2017-12-31 12.99 2.99 4.05
2017-09-30 12.99 2.99 4.05
2017-06-30 12.48 2.44 4.89
2017-03-31 12.48 2.44 4.89
2016-12-31 13.46 3.08 5.75
2016-09-30 13.46 3.08 5.75
2016-06-30 11.93 2.52 5.71
2016-03-31 11.93 2.52 5.71
2015-12-31 12.04 3.05 4.42
2015-09-30 12.04 3.05 4.42
2015-06-30 10.29 3.39 4.67
2015-03-31 10.29 3.39 4.67
2014-12-31 10.52 3.08 5.14
2014-09-30 10.52 3.08 5.14
2014-06-30 9.89 2.16 4.23
2014-03-31 9.89 2.16 4.23
2013-12-31 9.52 2.78 3.51
2013-09-30 9.52 2.78 3.51
2013-06-30 8.83 2.82 3.75
2013-03-31 8.83 2.82 3.75
2012-12-31 8.92 3.10 3.24
  • Millet Innovation's level of debt (8.2%) 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 (21.9% vs 8.2% today).
  • Debt is well covered by operating cash flow (294%, greater than 20% of total debt).
  • Millet Innovation earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Millet Innovation'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. Millet Innovation 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.

ALINN Dividends

 What is Millet Innovation'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 Millet Innovation dividends.
If you bought €2,000 of Millet Innovation 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 Millet Innovation's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Millet Innovation'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
ENXTPA:ALINN 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
Europe Personal Products Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 2.2%
France Market Average Dividend Yield Market Cap Weighted Average of 310 Stocks 2.9%
France Minimum Threshold Dividend Yield 10th Percentile 1%
France Bottom 25% Dividend Yield 25th Percentile 1.5%
France Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

ENXTPA:ALINN Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-09-17 0.000 0.000
2019-04-29 0.000 0.000
2018-04-30 0.780 4.292
2018-04-27 0.780 3.530
2017-05-23 1.580 6.508
2016-05-02 0.900 3.772
2013-03-01 0.490 3.871
2012-04-10 0.600 8.017
2012-02-29 0.600 8.330
2011-04-05 0.090 1.236
2011-03-01 0.090 1.324
2010-04-30 0.300 4.846
2010-03-01 0.300 5.602
2009-05-07 1.000 23.125

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

  • Unable to perform a dividend volatility check as Millet Innovation has not reported any payouts.
  • Unable to verify if Millet Innovation's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Millet Innovation's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Millet Innovation 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 Millet Innovation's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Millet Innovation afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Millet Innovation 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.

ALINN Management

 What is the CEO of Millet Innovation'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
Damien Millet
COMPENSATION €63,300
CEO Bio

Mr. Damien Millet serves as the Chairman of the Management Board of MILLET Innovation S.A.

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

Damien Millet

TITLE
Chairman of Management Board
COMPENSATION
€63K

Valérie Chopinet

TITLE
Member of Management Board
Board of Directors

Jean-Claude Millet

TITLE
Chairman of Supervisory Board
AGE
73

Pierre Martin

TITLE
Vice Chairman of Supervisory Board

Jean-Marie Riffard

TITLE
Member of the Supervisory Board
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 (€)
25. Oct 19 Buy Gestion Technologie Finance Conseil Company 23. Oct 19 23. Oct 19 1,864 €20.20 €37,653
23. Oct 19 Buy Gestion Technologie Finance Conseil Company 22. Oct 19 22. Oct 19 3,085 €20.20 €62,317
22. Oct 19 Buy Gestion Technologie Finance Conseil Company 21. Oct 19 21. Oct 19 5,942 €20.20 €120,028
21. Oct 19 Buy Gestion Technologie Finance Conseil Company 18. Oct 19 18. Oct 19 393 €20.20 €7,939
18. Oct 19 Buy Gestion Technologie Finance Conseil Company 17. Oct 19 17. Oct 19 2,952 €20.20 €59,630
17. Oct 19 Buy Gestion Technologie Finance Conseil Company 16. Oct 19 16. Oct 19 10,045 €20.20 €202,909
16. Oct 19 Buy Gestion Technologie Finance Conseil Company 15. Oct 19 15. Oct 19 3,666 €20.20 €74,053
15. Oct 19 Buy Gestion Technologie Finance Conseil Company 14. Oct 19 14. Oct 19 4,649 €20.20 €93,910
14. Oct 19 Buy Gestion Technologie Finance Conseil Company 11. Oct 19 11. Oct 19 18,862 €20.20 €381,012
11. Oct 19 Buy Gestion Technologie Finance Conseil Company 10. Oct 19 10. Oct 19 7,418 €20.20 €149,844
30. Sep 19 Buy Gestion Technologie Finance Conseil Company 27. Sep 19 27. Sep 19 4,134 €20.20 €83,507
26. Sep 19 Buy Gestion Technologie Finance Conseil Company 25. Sep 19 25. Sep 19 23,246 €20.20 €469,569
24. Sep 19 Buy Gestion Technologie Finance Conseil Company 23. Sep 19 23. Sep 19 961 €20.20 €19,412
20. Sep 19 Buy Gestion Technologie Finance Conseil Company 19. Sep 19 19. Sep 19 4,236 €20.20 €85,567
23. Sep 19 Buy Gestion Technologie Finance Conseil Company 20. Sep 19 20. Sep 19 19,165 €20.20 €387,133
25. Sep 19 Buy Gestion Technologie Finance Conseil Company 24. Sep 19 24. Sep 19 14,666 €20.20 €296,253
27. Sep 19 Buy Gestion Technologie Finance Conseil Company 26. Sep 19 26. Sep 19 2,474 €20.20 €49,975
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Management checks
We assess Millet Innovation'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. Millet Innovation 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.

ALINN News

Simply Wall St News

Something To Consider Before Buying Millet Innovation SA (EPA:ALINN) For The 3.9% Dividend

Is Millet Innovation SA (EPA:ALINN) a good dividend stock? … Dividend Growth Potential With a relatively unstable dividend, it's even more important to see if earnings per share (EPS) are growing. … Conclusion To summarise, shareholders should always check that Millet Innovation's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

A Note On Millet Innovation SA's (EPA:ALINN) ROE and Debt To Equity

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Millet Innovation: 12% = €1.6m ÷ €13m (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Millet Innovation's Debt And Its 12% ROE While Millet Innovation does have some debt, with debt to equity of just 0.13, we wouldn't say debt is excessive. … Conservative use of debt to boost returns is usually a good move for shareholders, though it does leave the company more exposed to interest rate rises.

Simply Wall St -

Is Millet Innovation SA’s (EPA:ALINN) 9.1% ROCE Any Good?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Millet Innovation: 0.091 = €1.5m ÷ (€19m - €3.1m) (Based on the trailing twelve months to December 2018.) Therefore, Millet Innovation has an ROCE of 9.1%. … How Millet Innovation's Current Liabilities Impact Its ROCE Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they need to be paid within 12 months. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

Are Millet Innovation SA’s (EPA:ALINN) High Returns Really That Great?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Millet Innovation: 0.091 = €1.5m ÷ (€19m - €3.1m) (Based on the trailing twelve months to December 2018.) Therefore, Millet Innovation has an ROCE of 9.1%. … Do Millet Innovation's Current Liabilities Skew Its ROCE? … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

The Millet Innovation (EPA:ALINN) Share Price Is Down 21% So Some Shareholders Are Getting Worried

We regret to report that long term Millet Innovation SA (EPA:ALINN) shareholders have had that experience, with the share price dropping 21% in three years, versus a market return of about 36%. … During the three years that the share price fell, Millet Innovation's earnings per share (EPS) dropped by 11% each year. … ENXTPA:ALINN Past and Future Earnings, May 24th 2019 This free interactive report on Millet Innovation's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

Simply Wall St -

How Good Is Millet Innovation SA (EPA:ALINN), When It Comes To ROE?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every €1 worth of equity in the company, it was able to earn €0.12. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Millet Innovation SA (EPA:ALINN) Investing Your Capital Efficiently?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

What Investors Should Know About Millet Innovation SA's (EPA:ALINN) Financial Strength

While small-cap stocks, such as Millet Innovation SA (EPA:ALINN) with its market cap of €34m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … since poor capital management may bring about bankruptcies,

Simply Wall St -

Here's What Millet Innovation SA's (EPA:ALINN) P/E Is Telling Us

To keep it practical, we'll show how Millet Innovation SA's (EPA:ALINN) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Millet Innovation's P/E ratio is 22.16. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Did Millet Innovation SA (EPA:ALINN) Use Debt To Deliver Its ROE Of 12%?

Millet Innovation has a ROE of 12%, based on the last twelve months. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.12 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

ALINN Company Info

Description

Millet Innovation SA provides skin care products for the prevention of bed sores and aesthetic improvement of scars. It also provides foot care products. The company offers its products under the EPITACT brand. It markets its products through pharmacies, health prescribers, and distributors, as well as through catalog and the Internet worldwide. The company is based in Loriol-sur-Drôme, France. Millet Innovation SA is a subsidiary of Millet S.A.S.

Details
Name: Millet Innovation SA
ALINN
Exchange: ENXTPA
Founded:
€38,468,253
1,904,369
Website: http://www.milletinnovation.com
Address: Millet Innovation SA
ZA Champgrand,
BP64,
Loriol-sur-Drôme,
Rhône-Alpes, 26270,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA ALINN Social Shares Euronext Paris FR EUR 31. Mar 2006
Number of employees
Current staff
Staff numbers
79
Millet Innovation employees.
Industry
Personal Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/29 20:53
End of day share price update: 2019/10/23 00:00
Last earnings filing: 2019/09/17
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.