Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

SMCP

BATS-CHIXE:SMCPP
Snowflake Description

Undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SMCPP
BATS-CHIXE
€321M
Market Cap
  1. Home
  2. GB
  3. Retail
Company description

SMCP S.A. operates as an apparel and accessories retail company in France and internationally. The last earnings update was 13 days ago. More info.


Add to Portfolio Compare Print
  • SMCP has significant price volatility in the past 3 months.
SMCPP Share Price and Events
7 Day Returns
3.5%
BATS-CHIXE:SMCPP
-0.9%
GB Specialty Retail
0.1%
GB Market
1 Year Returns
-73%
BATS-CHIXE:SMCPP
-31.7%
GB Specialty Retail
-23.6%
GB Market
SMCPP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SMCP (SMCPP) 3.5% -35% -58.2% -73% - -
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
  • SMCPP underperformed the Specialty Retail industry which returned -31.7% over the past year.
  • SMCPP underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -23.6% over the past year.
Price Volatility
SMCPP
Industry
5yr Volatility vs Market

Value

 Is SMCP 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 SMCP 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 SMCP.

BATS-CHIXE:SMCPP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.6%
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:SMCPP
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%) (294.34%))
1.991
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.991 * 6.07%)
12.61%

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

The calculations below outline how an intrinsic value for SMCP 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:SMCPP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 12.61%)
2020 44.12 Analyst x4 39.18
2021 70.22 Analyst x5 55.37
2022 85.24 Analyst x5 59.69
2023 75.91 Est @ -10.95% 47.20
2024 70.21 Est @ -7.5% 38.77
2025 66.63 Est @ -5.09% 32.67
2026 64.36 Est @ -3.41% 28.02
2027 62.93 Est @ -2.23% 24.33
2028 62.05 Est @ -1.4% 21.30
2029 61.54 Est @ -0.82% 18.76
Present value of next 10 years cash flows €365.00
BATS-CHIXE:SMCPP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €61.54 × (1 + 0.53%) ÷ (12.61% – 0.53%)
€512.04
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €512.04 ÷ (1 + 12.61%)10
€156.11
BATS-CHIXE:SMCPP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €365.00 + €156.11
€521.11
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €521.11 / 74.59
€6.99
BATS-CHIXE:SMCPP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:SMCPP represents 0.9307x of ENXTPA:SMCP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9307x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 6.99 x 0.9307
€6.50
Value per share (EUR) From above. €6.50
Current discount Discount to share price of €4.00
= -1 x (€4.00 - €6.50) / €6.50
38.5%

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

Current Discount
Amount off the current price SMCP is available for.
Intrinsic value
38%
Share price is €4 vs Future cash flow value of €6.5
Current Discount Checks
For SMCP to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SMCP's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SMCP's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SMCP's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SMCP's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:SMCPP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.70
ENXTPA:SMCP Share Price ** ENXTPA (2020-04-06) in EUR €4.3
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 SMCP.

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

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

= 4.3 ÷ 0.70

6.14x

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

  • SMCP is good value based on earnings compared to the GB Specialty Retail industry average.
  • SMCP is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does SMCP's expected growth come at a high price?
Raw Data
BATS-CHIXE:SMCPP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
23.5%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:SMCPP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.14x ÷ 23.5%

0.26x

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

  • SMCP is good value based on expected growth next year.
Price based on value of assets
What value do investors place on SMCP's assets?
Raw Data
BATS-CHIXE:SMCPP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €23.16
ENXTPA:SMCP Share Price * ENXTPA (2020-04-06) in EUR €4.3
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:SMCPP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 4.3 ÷ 23.16

0.19x

* Primary Listing of SMCP.

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

  • SMCP is good value based on assets compared to the GB Specialty Retail industry average.
X
Value checks
We assess SMCP'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. SMCP 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 SMCP expected to perform in the next 1 to 3 years based on estimates from 8 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
23.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SMCP expected to grow at an attractive rate?
  • SMCP's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • SMCP's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • SMCP's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:SMCPP Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:SMCPP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 23.5%
BATS-CHIXE:SMCPP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 5.3%
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:SMCPP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 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:SMCPP Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 1,395 1
2023-12-31 1,294 1
2022-12-31 1,330 215 72 6
2021-12-31 1,239 193 57 8
2020-12-31 1,033 147 3 8
2020-04-07
BATS-CHIXE:SMCPP Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 1,132 201 44
2019-09-30 1,068 171 42
2019-06-30 1,064 141 40
2019-03-31 1,041 117 45
2018-12-31 1,017 93 50
2018-09-30 1,050 78 41
2018-06-30 1,023 63 33
2018-03-31 967 72 19
2017-12-31 912 81 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SMCP's earnings are expected to grow significantly at over 20% yearly.
  • SMCP's revenue is expected to grow by 5.3% 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:SMCPP 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 8 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:SMCPP 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 0.86 1.13 0.62 3.00
2021-12-31 0.80 1.08 0.37 5.00
2020-12-31 0.03 0.34 -0.65 5.00
2020-04-07
BATS-CHIXE:SMCPP Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.70
2019-09-30 0.62
2019-06-30 0.55
2019-03-31 0.62
2018-12-31 0.69
2018-09-30 0.57
2018-06-30 0.44
2018-03-31 0.27
2017-12-31 0.09

*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.
  • SMCP is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SMCP'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.
SMCP has a total score of 4/6, 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 SMCP 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 SMCP'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.
  • SMCP has delivered over 20% year on year earnings growth in the past 5 years.
  • SMCP's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • SMCP's 1-year earnings growth is negative, it can't be compared to the GB Specialty Retail industry average.
Earnings and Revenue History
SMCP'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 SMCP Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:SMCPP 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 1,131.90 43.70 10.00
2019-09-30 1,067.87 41.85 180.37
2019-06-30 1,064.19 40.00 350.73
2019-03-31 1,040.66 45.10 344.73
2018-12-31 1,017.13 50.20 338.73
2018-09-30 1,050.03 41.38 338.34
2018-06-30 1,022.57 32.55 337.96
2018-03-31 967.47 19.44 331.57
2017-12-31 912.37 6.33 325.18
2016-12-31 681.10 33.83 243.93
2015-12-31 581.11 7.89 216.77
2014-12-31 434.06 -7.29 169.32
2013-12-31 351.25 29.48 120.63

*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.
  • SMCP has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SMCP used its assets less efficiently than the GB Specialty Retail industry average last year based on Return on Assets.
  • SMCP's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SMCP'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.
SMCP has a total score of 1/6, 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 SMCP'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 SMCP's finances.

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

BATS-CHIXE:SMCPP Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,189.80 439.70 52.30
2019-09-30 1,189.80 439.70 52.30
2019-06-30 1,164.45 349.61 49.67
2019-03-31 1,164.45 349.61 49.67
2018-12-31 1,142.17 320.50 46.53
2018-09-30 1,142.17 320.50 46.53
2018-06-30 1,114.09 324.92 38.56
2018-03-31 1,114.09 324.92 38.56
2017-12-31 1,082.86 332.40 40.43
2016-12-31 335.03 482.37 55.46
2015-12-31 272.38 492.50 27.16
2014-12-31 265.47 508.64 16.37
2013-12-31 212.00 172.98 12.85
  • SMCP's level of debt (37%) 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 (191.6% vs 37% today).
  • Debt is well covered by operating cash flow (45.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.5x coverage).
X
Financial health checks
We assess SMCP'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. SMCP has a total score of 5/6, 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 SMCP'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 SMCP dividends. Estimated to be 0% next year.
If you bought €2,000 of SMCP 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 SMCP's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate SMCP'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
BATS-CHIXE:SMCPP 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 8 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:SMCPP Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.00 2.00
2021-12-31 0.00 3.00
2020-12-31 0.00 5.00
2020-04-07

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

  • Unable to perform a dividend volatility check as SMCP has not reported any payouts.
  • Unable to verify if SMCP's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of SMCP's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as SMCP has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of SMCP's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess SMCP'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 SMCP afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SMCP 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 SMCP'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
Daniel Lalonde
COMPENSATION €1,568,048
AGE 56
CEO Bio

Mr. Daniel A. Lalonde serves as the Chief Executive Officer of SMCP S.A.S and he is founder of SMCP S.A.S. He served as its Director since October 5, 2017. Mr. Lalonde had been an Independent Non-Executive Director at Trinity Ltd since April 18, 2018 until January 16, 2020. He served as the President of Ralph Lauren International at Ralph Lauren Corporation since January 23, 2012. Mr. Lalonde oversaw all of the Ralph Lauren's international operations. Mr. Lalonde has over 25 years of experience in international luxury and retail, having held senior executive positions at Ralph Lauren, LVMH and Nespresso. He served as Chief Executive Officer of Champagne Moët & CHANDON SA/Dom Pérignon Monde. Mr. Lalonde served as Chief Executive Officer and President of LVMH Moët Hennessy Louis Vuitton Inc. and Louis Vuitton North America, Inc. since January 1, 2007. Mr. Lalonde previously served as President and Chief Executive Officer for North America of Tag Heuer International SA since October 3, 2006. He also served as the President and Chief Executive Officer of LVMH Watches & Jewelry N.A. Mr. Lalonde’s efficiency is evident from the rapid growth and success of LVMHs Watches & Jewelry division in the North American market, notably the TAG Heuer brand. Mr. Lalonde assumed his current position at LVMH Watches & Jewelry N.A. in April 2002. Before joining LVMH, he served as Global Deputy Chief Executive Officer and Chief Operating Officer of Nestl Nespresso S.A. and also served as President of Nestl Nespresso Inc. in New York. He held Positions and offices Within SMCP Group as: Managing Director of SMCP Deutschland GmbH; and SMCP Portugal; and Chairman and Chairman of the Management Board at SMCP Holding S.A.S. He served as the Chairman of SMCP S.A.S. since April 2014 and serves as its Director. He held Positions and offices Within SMCP Group as: Chairman of SMS (Suisse); SMCP SAS; Claudie Pierlot SAS; 341 SMCP SAS; and SMCP Logistique SAS; and Director of Claudie Pierlot Suisse SA; Maje Suisse SA; Sandro Suisse SA; and SMCP USA Inc.; SMCP Canada Inc.; SMCP Asia Ltd. (HK); SMCP Hong Kong Limited; SMCP Shanghai Trading Co. Ltd.; SMCP Retail East Coast Inc.,; SMCP Retail West Coast Inc., and AZ Retail. He serves as a Director of National Retail Federation Inc. and INSEAD. Mr. Lalonde holds an M.B.A. from INSEAD (France) in 1991 and a Bachelors degree in Mathematics from the University of Waterloo (Canada) in 1987.

CEO Compensation
  • Daniel's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Daniel's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the SMCP management team in years:

1
Average Tenure
49
Average Age
  • The average tenure for the SMCP management team is less than 2 years, this suggests a new team.
Management Team

Daniel Lalonde

TITLE
Founder
COMPENSATION
€2M
AGE
56

Evelyne Chétrite

TITLE
Founder
COMPENSATION
€1M
AGE
61

Judith Milgrom

TITLE
Founder
COMPENSATION
€2M
AGE
54

Ylane Chétrite

TITLE
Founder
COMPENSATION
€973K

Philippe Gautier

TITLE
CFO & Operations Director

Célia d'Everlange

TITLE
Head of Investor Relations
AGE
38

Nathalie Malavoy

TITLE
Human Resources & Sustainability Director
TENURE
0.5 yrs

Chenran Qiu

TITLE
Deputy CEO & Director
AGE
38

Jean-Baptiste Dacquin

TITLE
Chief Executive Officer of Claudie Pierlot
AGE
44
TENURE
1 yrs

Paul Griffin

TITLE
Chief Executive Officer of North America
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the SMCP board of directors in years:

2.5
Average Tenure
55
Average Age
  • The average tenure for the SMCP board of directors is less than 3 years, this suggests a new board.
Board of Directors

Yafu Qiu

TITLE
Chairman of the Board
AGE
61
TENURE
2.5 yrs

Daniel Lalonde

TITLE
Founder
COMPENSATION
€2M
AGE
56
TENURE
2.5 yrs

Evelyne Chétrite

TITLE
Founder
COMPENSATION
€1M
AGE
61
TENURE
2.5 yrs

Judith Milgrom

TITLE
Founder
COMPENSATION
€2M
AGE
54
TENURE
2.5 yrs

Ylane Chétrite

TITLE
Founder
COMPENSATION
€973K

Chenran Qiu

TITLE
Deputy CEO & Director
AGE
38
TENURE
2.5 yrs

Orla Noonan

TITLE
Independent Director
COMPENSATION
€40K
AGE
49
TENURE
2.5 yrs

Patrizio di Marco

TITLE
Independent Director
COMPENSATION
€35K
AGE
56
TENURE
2.5 yrs

Ilan Chétrite

TITLE
Board Observer
COMPENSATION
€1M

Weiying Sun

TITLE
Director
AGE
48
TENURE
2.5 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 SMCP'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. SMCP 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

SMCP S.A. operates as an apparel and accessories retail company in France and internationally. The company designs, markets, and sells women’s wear, men’s wear, and accessories. It sells products through a network of points of sale and Websites under three brands, including Sandro, Maje, and Claudie Pierlot. As of December 31, 2018, the company operated 1,172 points of sales. The company was incorporated in 2016 and is headquartered in Paris, France.

Details
Name: SMCP S.A.
SMCPP
Exchange: BATS-CHIXE
Founded: 2016
€320,716,196
74,585,162
Website: http://www.smcp.com
Address: SMCP S.A.
49 rue Etienne Marcel,
Paris,
Ile-de-France, 75001,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA SMCP New Ordinary Shares Euronext Paris FR EUR 20. Oct 2017
DB SFC New Ordinary Shares Deutsche Boerse AG DE EUR 20. Oct 2017
LSE 0RVA New Ordinary Shares London Stock Exchange GB EUR 20. Oct 2017
BATS-CHIXE SMCPP New Ordinary Shares BATS 'Chi-X Europe' GB EUR 20. Oct 2017
Number of employees
Current staff
Staff numbers
6,130
SMCP employees.
Industry
Apparel Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 20:16
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/03/25
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.