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Fnac Darty

BATS-CHIXE:FNACP
Snowflake Description

Good value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FNACP
BATS-CHIXE
€677M
Market Cap
  1. Home
  2. GB
  3. Retail
Company description

Fnac Darty SA operates as an omni-channel retailer of cultural and leisure goods, consumer electronics, and household appliances in France, Switzerland, Iberian Peninsula, and Benelux. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • Fnac Darty has significant price volatility in the past 3 months.
FNACP Share Price and Events
7 Day Returns
5.8%
BATS-CHIXE:FNACP
-0.9%
GB Specialty Retail
0.1%
GB Market
1 Year Returns
-62.7%
BATS-CHIXE:FNACP
-31.7%
GB Specialty Retail
-23.6%
GB Market
FNACP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fnac Darty (FNACP) 5.8% -29.1% -50.5% -62.7% -62% -56%
GB Specialty Retail -0.9% -29.3% -43.3% -31.7% -41.6% -47.1%
GB Market 0.1% -15.5% -27% -23.6% -24.3% -23.5%
1 Year Return vs Industry and Market
  • FNACP underperformed the Specialty Retail industry which returned -31.7% over the past year.
  • FNACP underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -23.6% over the past year.
Price Volatility
FNACP
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Fnac Darty 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 Fnac Darty 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 Fnac Darty.

BATS-CHIXE:FNACP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.7%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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 BATS-CHIXE:FNACP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.834 (1 + (1- 33%) (299.8%))
2.011
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (2 * 6.07%)
12.67%

Discounted Cash Flow Calculation for BATS-CHIXE:FNACP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Fnac Darty 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.

BATS-CHIXE:FNACP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 12.67%)
2020 62.08 Analyst x4 55.09
2021 174.58 Analyst x4 137.52
2022 121.40 Analyst x3 84.88
2023 93.48 Est @ -23% 58.01
2024 78.58 Est @ -15.94% 43.28
2025 69.94 Est @ -11% 34.19
2026 64.67 Est @ -7.54% 28.06
2027 61.36 Est @ -5.12% 23.63
2028 59.26 Est @ -3.42% 20.25
2029 57.93 Est @ -2.24% 17.57
Present value of next 10 years cash flows €502.00
BATS-CHIXE:FNACP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €57.93 × (1 + 0.53%) ÷ (12.67% – 0.53%)
€479.73
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €479.73 ÷ (1 + 12.67%)10
€145.52
BATS-CHIXE:FNACP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €502.00 + €145.52
€647.52
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €647.52 / 26.67
€24.28
BATS-CHIXE:FNACP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:FNACP represents 0.98976x of ENXTPA:FNAC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98976x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 24.28 x 0.98976
€24.03
Value per share (EUR) From above. €24.03
Current discount Discount to share price of €25.12
= -1 x (€25.12 - €24.03) / €24.03
-4.5%

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

  • The current share price of Fnac Darty is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Fnac Darty's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fnac Darty's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:FNACP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €3.88
ENXTPA:FNAC Share Price ** ENXTPA (2020-04-07) in EUR €25.38
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PE Ratio Median Figure of 23 Publicly-Listed Specialty Retail Companies 7.37x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.61x

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

** Primary Listing of Fnac Darty.

BATS-CHIXE:FNACP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 25.38 ÷ 3.88

6.53x

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

  • Fnac Darty is good value based on earnings compared to the GB Specialty Retail industry average.
  • Fnac Darty is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Fnac Darty's expected growth come at a high price?
Raw Data
BATS-CHIXE:FNACP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
12.7%per year
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PEG Ratio Median Figure of 15 Publicly-Listed Specialty Retail Companies 0.69x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 517 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:FNACP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.53x ÷ 12.7%

0.52x

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

  • Fnac Darty is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Fnac Darty's assets?
Raw Data
BATS-CHIXE:FNACP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €44.23
ENXTPA:FNAC Share Price * ENXTPA (2020-04-07) in EUR €25.38
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PB Ratio Median Figure of 36 Publicly-Listed Specialty Retail Companies 0.61x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.11x
BATS-CHIXE:FNACP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 25.38 ÷ 44.23

0.57x

* Primary Listing of Fnac Darty.

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

  • Fnac Darty is good value based on assets compared to the GB Specialty Retail industry average.
X
Value checks
We assess Fnac Darty'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 Specialty Retail 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 Specialty Retail industry average (and greater than 0)? (1 check)
  5. Fnac Darty has a total score of 4/6, 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 Fnac Darty expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fnac Darty expected to grow at an attractive rate?
  • Fnac Darty's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Fnac Darty's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Fnac Darty's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:FNACP Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:FNACP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 12.7%
BATS-CHIXE:FNACP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 2.2%
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 15.7%
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.5%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
BATS-CHIXE:FNACP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:FNACP Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 7,995 2
2023-12-31 7,865 2
2022-12-31 7,738 216 150 2
2021-12-31 7,518 288 133 7
2020-12-31 6,867 190 86 7
2020-04-07
BATS-CHIXE:FNACP Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 7,349 115
2019-09-30 7,454 109
2019-06-30 7,560 321 103
2019-03-31 7,517 295 126
2018-12-31 7,475 270 149
2018-09-30 7,453 148
2018-06-30 7,432 227 146
2018-03-31 7,440 241 135
2017-12-31 7,448 255 124
2017-09-30 7,231 251 100
2017-06-30 7,013 247 76
2017-03-31 6,191 243 50

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fnac Darty's earnings are expected to grow by 12.7% yearly, however this is not considered high growth (20% yearly).
  • Fnac Darty's revenue is expected to grow by 2.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:FNACP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:FNACP Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 5.99 6.00 5.98 2.00
2021-12-31 5.41 6.52 3.81 6.00
2020-12-31 3.88 6.18 2.11 6.00
2020-04-07
BATS-CHIXE:FNACP Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31
2019-09-30
2019-06-30 3.88
2019-03-31 4.74
2018-12-31 5.59
2018-09-30 5.58
2018-06-30 5.50
2018-03-31 5.10
2017-12-31 4.70
2017-09-30 3.84
2017-06-30 2.97
2017-03-31 2.13

*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.
  • Fnac Darty is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Fnac Darty'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Fnac Darty has a total score of 1/6, 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 Fnac Darty 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 Fnac Darty's growth in the last year to its industry (Specialty Retail).
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.
  • Fnac Darty has delivered over 20% year on year earnings growth in the past 5 years.
  • Fnac Darty's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Fnac Darty's 1-year earnings growth is negative, it can't be compared to the GB Specialty Retail industry average.
Earnings and Revenue History
Fnac Darty'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 Fnac Darty Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:FNACP Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 7,349.00 115.00 1,942.00
2019-09-30 7,454.25 108.80 1,095.40
2019-06-30 7,559.80 103.40 1,110.30
2019-03-31 7,517.25 126.30 1,108.90
2018-12-31 7,474.70 149.20 1,107.50
2018-09-30 7,453.45 148.15 1,537.15
2018-06-30 7,431.90 146.30 1,105.30
2018-03-31 7,440.05 135.25 1,100.45
2017-12-31 7,448.20 124.20 1,095.60
2017-09-30 7,230.70 100.25 1,076.55
2017-06-30 7,013.20 76.30 1,057.50
2017-03-31 6,191.20 49.90 922.20
2016-12-31 5,369.20 23.50 786.90
2016-06-30 3,682.60 24.50 533.40
2016-03-31 3,710.80 37.15 543.30
2015-12-31 3,739.00 49.80 553.20
2015-09-30 3,879.85 44.50 696.10
2015-06-30 3,883.90 41.20 693.80
2015-03-31 3,889.50 41.50 690.10
2014-12-31 3,895.10 41.80 686.40
2014-09-30 3,885.15 23.05 691.85
2014-06-30 3,875.20 4.30 697.30
2014-03-31 3,890.25 10.10 698.40
2013-12-31 3,905.30 15.90 699.50
2013-09-30 3,931.55 -29.40 706.70
2013-06-30 3,957.80 -74.70 713.90

*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.
  • Fnac Darty has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fnac Darty used its assets less efficiently than the GB Specialty Retail industry average last year based on Return on Assets.
  • Fnac Darty has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fnac Darty'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 Specialty Retail 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.
Fnac Darty 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.

Health

 How is Fnac Darty'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 Fnac Darty's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fnac Darty's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Fnac Darty's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fnac Darty'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 2.9x 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 Fnac Darty Company Filings, last reported 3 months ago.

BATS-CHIXE:FNACP Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,398.00 1,013.00 1,008.00
2019-09-30 1,398.00 1,013.00 1,008.00
2019-06-30 1,176.90 925.20 483.40
2019-03-31 1,176.90 925.20 483.40
2018-12-31 1,261.00 907.90 932.80
2018-09-30 1,261.00 907.90 932.80
2018-06-30 1,130.30 909.40 518.50
2018-03-31 1,130.30 909.40 518.50
2017-12-31 1,103.00 855.30 797.20
2017-09-30 1,103.00 855.30 797.20
2017-06-30 938.60 855.30 382.20
2017-03-31 938.60 855.30 382.20
2016-12-31 1,049.40 856.00 681.70
2016-06-30 631.90 50.30 144.20
2016-03-31 631.90 50.30 144.20
2015-12-31 564.30 0.10 556.70
2015-09-30 564.30 0.10 556.70
2015-06-30 548.90 0.00 261.30
2015-03-31 548.90 0.00 261.30
2014-12-31 595.40 0.00 540.50
2014-09-30 595.40 0.00 540.50
2014-06-30 509.60 0.00 201.40
2014-03-31 509.60 0.00 201.40
2013-12-31 549.60 0.00 467.10
2013-09-30 549.60 0.00 467.10
2013-06-30 490.30 7.70 136.00
  • Fnac Darty's level of debt (72.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 72.5% today).
  • Debt is well covered by operating cash flow (31.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.2x coverage).
X
Financial health checks
We assess Fnac Darty'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. Fnac Darty has a total score of 3/6, 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 Fnac Darty'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
5.91%
Current annual income from Fnac Darty dividends. Estimated to be 5.92% next year.
If you bought €2,000 of Fnac Darty shares you are expected to receive €118 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?
  • Fnac Darty's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.59%).
  • Fnac Darty's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.08%).
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
BATS-CHIXE:FNACP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 4.7%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.6%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.6%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.1%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:FNACP Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 1.78 2.00
2021-12-31 1.62 6.00
2020-12-31 1.32 7.00
2020-04-07
BATS-CHIXE:FNACP Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-02-26 1.500 5.701
2015-02-27 0.000 0.000
2014-07-30 0.000 0.000
2014-04-24 0.000 0.000
2014-02-27 0.000 0.000
2013-08-02 0.000 0.000
2013-07-30 0.000 0.000

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

  • It is too early to tell whether Fnac Darty has stable dividend payments.
  • Fnac Darty only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Fnac Darty's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.5x coverage).
X
Income/ dividend checks
We assess Fnac Darty's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Fnac Darty afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fnac Darty has a total score of 3/6, 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 Fnac Darty'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
Enrique Martinez
COMPENSATION €835,662
AGE 48
TENURE AS CEO 2.8 years
CEO Bio

Mr. Enrique Martinez has been the Chief Executive Officer at Fnac Darty SA since July 17, 2017 and has been Director since May 2019. He began his career with Toys’R Us. In 1998, he joined Fnac Darty with the mission to establish and develop the brand in Portugal. He then held various positions within the Group between Spain and Portugal. In 2012, he was called to France to head the France and Northern Europe region (France, Belgium, Switzerland). In 19 years, Enrique Martinez has made a significant contribution to the growth of Fnac Darty. As of July 2016, he was entrusted with the task of integrating the Fnac and Darty banners in France, which resulted in the generation of the first synergies between the two brands in just a few months. He graduated from Valencia University (Spain) in economics. He held Positions as Chairman and Chief Executive Officer of Fnac Darty Participations et Services SA, Chairman and Chief Executive Officer of Fnac Paris, Chairman of Fnac Direct, Chairman of Fnac Jukebox, Director of Grandes Almacenes Fnac Espana, Director of Fnac Luxembourg and Director of Kesa International. His Offices and positions served over the past few years included Non-partner manager of Codirep, Chairman, Relais Fnac, Chairman of Fnac Périphérie, Chairman of Fnac Acces, Managing director and Chairman of Fnac Belgium, Director of Fnac Monaco, Chairman and member of the Board of Directors, Fnac Suisse, Director of SwissBillet, Director of Kesa France SA, Director of Kesa Sourcing Ltd, Director of Kesa Holdings Ltd and Director of Fnac Darty Asia Ltd. In 2004, he became a member of the Executive Committee as CEO of the Iberian region. Mr. Martinez holds a degree in Economics from the IESE Business School in Madrid.

CEO Compensation
  • Enrique's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Enrique's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Fnac Darty management team in years:

5.2
Average Tenure
47.5
Average Age
  • The average tenure for the Fnac Darty management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Enrique Martinez

TITLE
CEO & Director
COMPENSATION
€836K
AGE
48
TENURE
2.8 yrs

Jean-Brieuc Le Tinier

TITLE
Group Chief Financial Officer
AGE
47

Olivier Theulle

TITLE
Director of Operations & Information Systems
AGE
50
TENURE
6.3 yrs

Stéphanie Constand-Atellian

TITLE
Director of Financing & Investor Relations
AGE
43
TENURE
3.2 yrs

Benjamin Perret

TITLE
Director of Communications & Public Affairs

Annabel Chaussat

TITLE
Director of Marketing & e-Commerce
TENURE
2.1 yrs

Frédérique Giavarini

TITLE
Director of Human Resources
TENURE
6.3 yrs

Marcos Ruao

TITLE
Chief Executive Officer of Fnac Spain
TENURE
7.3 yrs

Charles-Henri de Maleissye

TITLE
Chief Executive Officer of Vanden Borre
TENURE
5.2 yrs
Board of Directors Tenure

Average tenure and age of the Fnac Darty board of directors in years:

2.3
Average Tenure
55
Average Age
  • The average tenure for the Fnac Darty board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jacques Veyrat

TITLE
Independent Chairman of the Board
COMPENSATION
€226K
AGE
57
TENURE
2.8 yrs

Enrique Martinez

TITLE
CEO & Director
COMPENSATION
€836K
AGE
48
TENURE
0.9 yrs

Antoine Gosset-Grainville

TITLE
Independent Vice Chairman of the Board
COMPENSATION
€26K
AGE
53
TENURE
2.3 yrs

Carole Ferrand

TITLE
Independent Director
COMPENSATION
€38K
AGE
49
TENURE
7.3 yrs

Nonce Paolini

TITLE
Independent Director
COMPENSATION
€31K
AGE
70
TENURE
7.3 yrs

Brigitte Taittinger-Jouyet

TITLE
Independent Director
COMPENSATION
€25K
AGE
59
TENURE
7.3 yrs

Sandra Lagumina

TITLE
Independent Director
AGE
52
TENURE
2.3 yrs

Delphine Mousseau

TITLE
Independent Director
AGE
47
TENURE
2.3 yrs

Daniela Weber-Rey

TITLE
Independent Director
AGE
62
TENURE
2.3 yrs

Caroline Sainte Marie

TITLE
Independent Director
AGE
62
TENURE
1.9 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 Fnac Darty'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. Fnac Darty 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

Fnac Darty SA operates as an omni-channel retailer of cultural and leisure goods, consumer electronics, and household appliances in France, Switzerland, Iberian Peninsula, and Benelux. The company offers consumer electronics, including desktop computers, laptops, tablets, software, printers, e-readers, telephones and office products, and accessories, as well as various connected products; cameras and photography accessories; televisions and video accessories, such as DVD players, Blu-Ray players, and other accessories; and audio items and accessories comprising MP3 players, headphones, docking stations, and related accessories. It also provides editorial products that include hard copy and digital books; music, video, and video games and games consoles; and gadgets, T-shirts, musical instruments, and others. In addition, the company offers household appliances, which comprise refrigerators/freezers, cooking equipment, dishwashers, and washing machines/dryers; and vacuum cleaners, and body care and water/air treatment appliances, as well as other products and services, including kitchen units, home and design products, games and toys, and stationery. Further, it provides warranty extension, product insurance sale, after-sale, and delivery and installation services; rental services for consumer electronics and delivery services; ticketing and gift boxes; and membership cards for the company’s loyalty programs. As of June 30, 2019, the company had a total of 804 stores, including 284 franchises. The company was formerly known as Groupe Fnac société anonyme. Fnac Darty SA was founded in 1954 and is headquartered in Ivry-sur-Seine, France.

Details
Name: Fnac Darty SA
FNACP
Exchange: BATS-CHIXE
Founded: 195
€676,786,937
26,666,152
Website: http://www.fnacdarty.com
Address: Fnac Darty SA
9, rue des Bateaux-Lavoirs,
ZAC Port d’Ivry,
Ivry-sur-Seine,
Ile-de-France, 94200,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA FNAC Ordinary Shares Euronext Paris FR EUR 20. Jun 2013
OTCPK GRUP.F Ordinary Shares Pink Sheets LLC US USD 20. Jun 2013
DB 1FN Ordinary Shares Deutsche Boerse AG DE EUR 20. Jun 2013
LSE 0QSH Ordinary Shares London Stock Exchange GB EUR 20. Jun 2013
BATS-CHIXE FNACP Ordinary Shares BATS 'Chi-X Europe' GB EUR 20. Jun 2013
Number of employees
Current staff
Staff numbers
21,568
Fnac Darty employees.
Industry
Computer and Electronics Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 20:31
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.