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Solocal Group

ENXTPA:LOCAL
Snowflake Description

Undervalued with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LOCAL
ENXTPA
€268M
Market Cap
  1. Home
  2. FR
  3. Media
Company description

Solocal Group S.A. provides digital local communication services in Europe. The last earnings update was 176 days ago. More info.


Add to Portfolio Compare Print
  • Solocal Group has significant price volatility in the past 3 months.
LOCAL Share Price and Events
7 Day Returns
-9.9%
ENXTPA:LOCAL
-2%
FR Interactive Media and Services
-3.6%
FR Market
1 Year Returns
-7.1%
ENXTPA:LOCAL
-8.3%
FR Interactive Media and Services
18.9%
FR Market
LOCAL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Solocal Group (LOCAL) -9.9% -16.5% -35.5% -7.1% -52.1% -95%
FR Interactive Media and Services -2% 2.7% 7.9% -8.3% -31.8% -37.6%
FR Market -3.6% -2.2% 2.9% 18.9% 27.6% 35.8%
1 Year Return vs Industry and Market
  • LOCAL outperformed the Interactive Media and Services industry which returned -8.3% over the past year.
  • LOCAL underperformed the Market in France which returned 18.9% over the past year.
Price Volatility
LOCAL
Industry
5yr Volatility vs Market

Value

 Is Solocal Group 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 Solocal Group 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 Solocal Group.

ENXTPA:LOCAL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.6%
Perpetual Growth Rate 10-Year FR Government Bond Rate -0.1%

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:LOCAL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.1%
Interactive Media and Services Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.038 (1 + (1- 33%) (193.59%))
1.927
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.11% + (1.927 * 6.07%)
11.59%

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

The calculations below outline how an intrinsic value for Solocal Group 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:LOCAL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 11.59%)
2020 36.37 Analyst x3 32.59
2021 81.00 Analyst x2 65.05
2022 120.67 Est @ 48.98% 86.84
2023 162.00 Est @ 34.25% 104.48
2024 200.79 Est @ 23.94% 116.05
2025 234.38 Est @ 16.73% 121.39
2026 261.74 Est @ 11.68% 121.49
2027 283.05 Est @ 8.14% 117.73
2028 299.09 Est @ 5.67% 111.48
2029 310.85 Est @ 3.93% 103.83
Present value of next 10 years cash flows €980.00
ENXTPA:LOCAL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €310.85 × (1 + -0.11%) ÷ (11.59% – -0.11%)
€2,654.16
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €2,654.16 ÷ (1 + 11.59%)10
€886.59
ENXTPA:LOCAL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €980.00 + €886.59
€1,866.59
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,866.59 / 585.00
€3.19
ENXTPA:LOCAL Discount to Share Price
Calculation Result
Value per share (EUR) From above. €3.19
Current discount Discount to share price of €0.46
= -1 x (€0.46 - €3.19) / €3.19
85.6%

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

Current Discount
Amount off the current price Solocal Group is available for.
Intrinsic value
>50%
Share price is €0.46 vs Future cash flow value of €3.19
Current Discount Checks
For Solocal Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Solocal Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Solocal Group'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 Solocal Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Solocal Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:LOCAL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.03
ENXTPA:LOCAL Share Price ** ENXTPA (2020-01-28) in EUR €0.46
Europe Interactive Media and Services Industry PE Ratio Median Figure of 21 Publicly-Listed Interactive Media and Services Companies 31.24x
France Market PE Ratio Median Figure of 404 Publicly-Listed Companies 18.28x

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

** Primary Listing of Solocal Group.

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

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

= 0.46 ÷ 0.03

16.94x

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

  • Solocal Group is good value based on earnings compared to the Europe Interactive Media and Services industry average.
  • Solocal Group is good value based on earnings compared to the France market.
Price based on expected Growth
Does Solocal Group's expected growth come at a high price?
Raw Data
ENXTPA:LOCAL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
21.6%per year
Europe Interactive Media and Services Industry PEG Ratio Median Figure of 13 Publicly-Listed Interactive Media and Services Companies 2.06x
France Market PEG Ratio Median Figure of 250 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

ENXTPA:LOCAL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.94x ÷ 21.6%

0.78x

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

  • Solocal Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Solocal Group's assets?
Raw Data
ENXTPA:LOCAL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €-1.14
ENXTPA:LOCAL Share Price * ENXTPA (2020-01-28) in EUR €0.46
France Interactive Media and Services Industry PB Ratio Median Figure of 5 Publicly-Listed Interactive Media and Services Companies 1.18x
France Market PB Ratio Median Figure of 589 Publicly-Listed Companies 1.46x
ENXTPA:LOCAL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.46 ÷ -1.14

-0.4x

* Primary Listing of Solocal Group.

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

  • Solocal Group has negative assets, we can't compare the value of its assets to the FR Interactive Media and Services industry average.
X
Value checks
We assess Solocal Group'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 Interactive Media and Services 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 Interactive Media and Services industry average (and greater than 0)? (1 check)
  5. Solocal Group 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.

Future Performance

 How is Solocal Group expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
21.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Solocal Group expected to grow at an attractive rate?
  • Solocal Group's earnings growth is expected to exceed the low risk savings rate of -0.1%.
Growth vs Market Checks
  • Solocal Group's earnings growth is expected to exceed the France market average.
  • Solocal Group's revenues are expected to decrease over the next 1-3 years, this is below the France market average.
Annual Growth Rates Comparison
Raw Data
ENXTPA:LOCAL Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:LOCAL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 21.6%
ENXTPA:LOCAL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts -2.1%
Europe Interactive Media and Services Industry Earnings Growth Rate Market Cap Weighted Average 20.3%
Europe Interactive Media and Services Industry Revenue Growth Rate Market Cap Weighted Average 10%
France Market Earnings Growth Rate Market Cap Weighted Average 11.9%
France Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:LOCAL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:LOCAL Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 63
2021-12-31 586 116 57 3
2020-12-31 578 55 62 4
2020-01-28
2019-12-31 603 -14 41 4
ENXTPA:LOCAL Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 624 44 16
2019-03-31 647 46 -33
2018-12-31 670 49 -81
2018-09-30 693 53 -70
2018-06-30 717 58 -60
2018-03-31 728 43 129
2017-12-31 739 28 317
2017-09-30 767 35 317
2017-06-30 781 10 320
2017-03-31 809 53 186
2016-12-31 812 100 49
2016-09-30 816 97 15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Solocal Group's earnings are expected to grow significantly at over 20% yearly.
  • Solocal Group's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:LOCAL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Solocal Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:LOCAL Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.11 0.11 0.11 2.00
2020-12-31 0.11 0.12 0.09 3.00
2020-01-28
2019-12-31 0.07 0.08 0.06 3.00
ENXTPA:LOCAL Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.03
2019-03-31 -0.06
2018-12-31 -0.14
2018-09-30 -0.12
2018-06-30 -0.09
2018-03-31 0.25
2017-12-31 0.81
2017-09-30 1.16
2017-06-30 2.58
2017-03-31 1.93
2016-12-31 0.50
2016-09-30 0.19

*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 Solocal Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Solocal Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Solocal Group has a total score of 3/6, 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 Solocal Group 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 Solocal Group's growth in the last year to its industry (Interactive Media and Services).
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.
  • Solocal Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Solocal Group has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Solocal Group has become profitable in the last year making it difficult to compare the Europe Interactive Media and Services industry average.
Earnings and Revenue History
Solocal Group'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 Solocal Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:LOCAL Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 623.70 15.71 179.08
2019-03-31 647.06 -32.75 185.88
2018-12-31 670.41 -81.21 192.69
2018-09-30 693.46 -70.44 193.33
2018-06-30 716.50 -59.68 193.98
2018-03-31 727.87 128.59 196.21
2017-12-31 739.24 316.85 198.44
2017-09-30 766.74 316.58 208.36
2017-06-30 781.03 319.83 210.75
2017-03-31 809.06 185.53 215.06
2016-12-31 812.28 48.95 214.84
2016-09-30 816.47 14.57 216.66
2016-06-30 832.49 17.83 218.88
2016-03-31 858.67 25.68 217.01
2015-12-31 877.96 26.64 217.05
2015-09-30 899.52 59.31 225.02
2015-06-30 915.62 53.01 224.78
2015-03-31 929.73 52.14 233.04
2014-12-31 936.19 59.29 230.56
2014-09-30 949.53 59.05 165.41
2014-06-30 969.31 84.44 116.56
2014-03-31 986.57 105.32 59.92
2013-12-31 998.87 114.77 15.42
2013-09-30 1,015.74 126.13 14.77
2013-06-30 1,041.55 142.08 15.82
2013-03-31 1,059.44 155.10 15.03

*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.
  • It is difficult to establish if Solocal Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Solocal Group used its assets less efficiently than the Europe Interactive Media and Services industry average last year based on Return on Assets.
  • It is difficult to establish if Solocal Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Solocal Group'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 Interactive Media and Services 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.
Solocal Group 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 Solocal Group'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 Solocal Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Solocal Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Solocal Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Solocal Group'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.
  • Solocal Group has negative shareholder equity (liabilities exceed assets) therefore debt is not 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 Solocal Group Company Filings, last reported 6 months ago.

ENXTPA:LOCAL Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 -666.27 406.30 62.56
2019-03-31 -666.27 406.30 62.56
2018-12-31 -678.67 407.86 83.65
2018-09-30 -678.67 407.86 83.65
2018-06-30 -674.00 413.94 75.04
2018-03-31 -674.00 413.94 75.04
2017-12-31 -600.26 417.73 90.36
2017-09-30 -600.26 417.73 90.36
2017-06-30 -511.05 404.71 48.56
2017-03-31 -511.05 404.71 48.56
2016-12-31 -1,317.58 1,155.70 112.48
2016-09-30 -1,293.57 1,160.21 101.05
2016-06-30 -1,310.10 1,162.24 117.92
2016-03-31 -1,316.02 1,154.75 96.80
2015-12-31 -1,327.93 1,140.17 66.56
2015-09-30 -1,309.71 1,138.37 84.40
2015-06-30 -1,328.70 1,151.50 84.88
2015-03-31 -1,358.95 1,156.58 56.82
2014-12-31 -1,368.40 1,177.10 59.54
2014-09-30 -1,375.03 1,155.40 34.88
2014-06-30 -1,389.19 1,156.60 64.33
2014-03-31 -1,845.51 1,607.74 94.00
2013-12-31 -1,866.72 1,648.88 83.83
2013-09-30 -1,882.29 1,710.04 119.93
2013-06-30 -1,923.48 1,729.31 115.41
2013-03-31 -1,971.58 1,738.25 97.83
  • Solocal Group has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Solocal Group's debt level has increased considering it has negative shareholder equity.
  • Debt is not well covered by operating cash flow (10.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.1x coverage).
X
Financial health checks
We assess Solocal Group'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. Solocal Group has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Solocal Group'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 Solocal Group dividends. Estimated to be 0% next year.
If you bought €2,000 of Solocal Group 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 Solocal Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Solocal Group'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:LOCAL 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 4 Analyst Estimates (S&P Global) See Below
Europe Interactive Media and Services Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 1.1%
France Market Average Dividend Yield Market Cap Weighted Average of 309 Stocks 2.9%
France Minimum Threshold Dividend Yield 10th Percentile 0.9%
France Bottom 25% Dividend Yield 25th Percentile 1.5%
France Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

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

ENXTPA:LOCAL Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 0.00 1.00
2020-01-28
2019-12-31 0.00 1.00
ENXTPA:LOCAL Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2012-11-13 0.000 0.000
2012-07-25 0.000 0.000
2012-05-03 0.000 0.000
2012-04-26 0.000 0.000
2012-02-15 0.000 0.000
2011-03-18 6.960 14.595
2011-02-08 6.960 8.411
2010-03-25 7.800 8.117
2010-02-19 7.800 7.808
2009-03-18 11.520 12.370
2009-02-25 11.520 14.903

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

  • Unable to perform a dividend volatility check as Solocal Group has not reported any payouts.
  • Unable to verify if Solocal Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Solocal Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Solocal Group has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Solocal Group's dividends in 3 years as they are not expected to pay a notable one for France.
X
Income/ dividend checks
We assess Solocal Group'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 Solocal Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Solocal Group 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 Solocal Group'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
Eric Boustouller
COMPENSATION €1,234,457
TENURE AS CEO 2.3 years
CEO Bio

Mr. Eric Boustouller has been Chief Executive Officer at Solocal Group S.A. since October 16, 2017 and serves as its General Manager and Director since January 2019. Mr. Boustouller has been Corporate Vice President of Western Europe at Microsoft Corporation since July 3, 2012. He served as Chairman and Managing Director of Microsoft France since February 2005 and served as its Chief Executive Director and Deputy Chief Executive Officer from 2002 to 2005. He served as Corporate Vice President of Microsoft France since July 2012. He joined Microsoft in July 2002, where he worked as Deputy Managing Director and was responsible for large companies. He served as Sales General Manager of Compaq France. He served as Deputy Chairman of Microsoft International from 2005 to 2012. Since 2011, he has served as President of the American Chamber of Commerce in France. Mr. Boustouller graduated from the Institut d'Etudes Politiques de Paris and is a Knight of the French Legion d'Honneur and holds BA degree in English, Spanish, Law and Economics from Université Paris Ouest Nanterre La Défense from 1979-1984. He has studied International Affairs, Politics, Marketing and Management from Sciences Po from 1984-1986.

CEO Compensation
  • Eric's compensation has increased in line with Solocal Group recently becoming profitable.
  • Eric's remuneration is higher than average for companies of similar size in France.
Management Team Tenure

Average tenure of the Solocal Group management team in years:

1.9
Average Tenure
  • The average tenure for the Solocal Group management team is less than 2 years, this suggests a new team.
Management Team

Eric Boustouller

TITLE
CEO, GM & Director
COMPENSATION
€1M
TENURE
2.3 yrs

Olivier Regnard

TITLE
Chief Financial Officer
AGE
43
TENURE
1 yrs

Arnaud Defrenne

TITLE
Chief Technology Officer
TENURE
1.8 yrs

Jean-Cédric Costa

TITLE
Chief Information Officer
TENURE
1.7 yrs

Nathalie Etzenbach-Huguenin

TITLE
Head of Investor Relations & General secretary
TENURE
2 yrs

Delphine Penalva

TITLE
Head of Communication

Pascale Furbeyre

TITLE
Chief Marketing Officer
TENURE
1.7 yrs

Richard Cuif

TITLE
Chief Human Ressources Officer
TENURE
2.2 yrs

Frédéric Obala

TITLE
Chief Media

Christophe Parcot

TITLE
Chief Revenue Officer
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure and age of the Solocal Group board of directors in years:

2.5
Average Tenure
51
Average Age
  • The average tenure for the Solocal Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Pierre Danon

TITLE
Independent Chairman
COMPENSATION
€150K
AGE
63
TENURE
2.3 yrs

Eric Boustouller

TITLE
CEO, GM & Director
COMPENSATION
€1M
TENURE
1 yrs

David Amar

TITLE
Independent Vice Chairman
COMPENSATION
€38K
AGE
38
TENURE
1.8 yrs

Jacques-Henri David

TITLE
Independent Director
COMPENSATION
€38K
TENURE
3.3 yrs

Philippe de Loubens de Verdalle

TITLE
Independent Director
COMPENSATION
€38K
AGE
57
TENURE
2.6 yrs

Joëlle Obadia

TITLE
Employee Representative Director
COMPENSATION
€109K
TENURE
3.8 yrs

Delphine Grison

TITLE
Independent Director
COMPENSATION
€38K
AGE
50
TENURE
2.6 yrs

Sophie Sursock

TITLE
Independent Director
COMPENSATION
€38K
AGE
39
TENURE
2.6 yrs

Marie-Christine Levet

TITLE
Independent Director
COMPENSATION
€38K
AGE
52
TENURE
2.1 yrs

Anne-France Laclide-Drouin

TITLE
Independent Director
AGE
51
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Solocal Group'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. Solocal Group 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

Should You Buy Solocal Group SA (EPA:LOCAL)?

Solocal Group SA (EPA:LOCAL), a media company based in France,. … A question to answer is whether Solocal Group's current trading price of €1 reflective of the actual value of the? … Let’s take a look at Solocal Group’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Who Owns Most Of Solocal Group SA (EPA:LOCAL)?

In this analysis, my focus will be on developing a perspective on Solocal Group SA’s (EPA:LOCAL) latest ownership structure, a less discussed, but important factor. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

Investors Are Undervaluing Solocal Group SA (EPA:LOCAL) By 26.57%

Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Solocal Group SA (EPA:LOCAL) as an investment opportunity. … by estimating the company's future cash flows and discounting them to their present value. … If you are reading this and its not July 2018 then I highly recommend you check out the latest calculation for Solocal Group by following the link below

Simply Wall St -

Solocal Group SA (ENXTPA:LOCAL): Are Analysts Right About The Drop In Earnings?

In December 2017, Solocal Group SA (ENXTPA:LOCAL) announced its latest earnings update, whicha … tailwind, more than doubling its earnings from the prior year.

Simply Wall St -

Will Solocal Group SA.'s (EPA:LOCAL) Earnings Grow In The Next Couple Of Years?

The most recent earnings update Solocal Group SA.'s (ENXTPA:LOCAL) released in December 2017 suggested that the business gained from a substantial tailwind, more than doubling its earnings from the prior year. … Today I want to provide a brief commentary on how market analysts predict Solocal Group's earnings growth trajectory over the next few years and whether the future looks even brighter than the past. … This means that, we can assume Solocal Group will chip away at a rate of -71.65% every year for the next few years.

Simply Wall St -

Company Info

Description

Solocal Group S.A. provides digital local communication services in Europe. The company operates through two segments, Internet and Print & Voice. It offers local search services, including display advertising, search engine optimization (SEO), rankings, content, and transactional tools. The company also markets digital marketing technologies, such as Websites and their contents, turnkey solutions, and hosting and SEO; local programmatic advertising; and transactional tools of PagesJaunes Resto and PagesJaunes Doc. In addition, it offers printing services that include publishing, distribution, and sale of advertising space in the PagesJaunes and PagesBlanches print directories, telephone directory, and reverse directory. Further, the company is involved in voice and other activities, which comprise directory enquiry services through telephone and SMS, and QuiDonc reverse directory; and traditional direct marketing services. Additionally, it offers online advertising, mapping, and mobile Internet services. It serves retail, health and public, and services sector; and to BtoB, as well as to individuals and international customers. The company was formerly known as PagesJaunes Groupe and changed its name to SoLocal Group S.A. in June 2013. The company was founded in 1896 and is headquartered in Boulogne-Billancourt, France.

Details
Name: Solocal Group S.A.
LOCAL
Exchange: ENXTPA
Founded: 1896
€268,047,136
585,000,298
Website: http://www.solocal.com
Address: Solocal Group S.A.
204 rond-point du Pont de Sèvres,
Cedex,
Boulogne-Billancourt,
Ile-de-France, 92100,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA LOCAL Ordinary Shares Euronext Paris FR EUR 08. Jul 2004
DB QS31 Ordinary Shares Deutsche Boerse AG DE EUR 08. Jul 2004
LSE 0RC1 Ordinary Shares London Stock Exchange GB EUR 08. Jul 2004
SWX LOCAL Ordinary Shares SIX Swiss Exchange CH CHF 08. Jul 2004
BATS-CHIXE LOCALP Ordinary Shares BATS 'Chi-X Europe' GB EUR 08. Jul 2004
Number of employees
Current staff
Staff numbers
4,320
Solocal Group employees.
Industry
Interactive Media and Services
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/28 20:32
End of day share price update: 2020/01/28 00:00
Last estimates confirmation: 2019/12/11
Last earnings filing: 2019/08/05
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.