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French Connection Group

LSE:FCCN
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FCCN
LSE
£4M
Market Cap
  1. Home
  2. GB
  3. Retail
Company description

French Connection Group PLC designs, produces, and distributes branded fashion clothing for men, women, and children. The last earnings update was 25 days ago. More info.


Add to Portfolio Compare Print
  • French Connection Group has significant price volatility in the past 3 months.
FCCN Share Price and Events
7 Day Returns
-2.6%
LSE:FCCN
-8.7%
GB Specialty Retail
-2.2%
GB Market
1 Year Returns
-90.6%
LSE:FCCN
-36.2%
GB Specialty Retail
-25.9%
GB Market
FCCN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
French Connection Group (FCCN) -2.6% -78.3% -89.9% -90.6% -89.4% -93%
GB Specialty Retail -8.7% -37.1% -46.1% -36.2% -43.9% -50.7%
GB Market -2.2% -21.7% -29.6% -25.9% -26.6% -26.2%
1 Year Return vs Industry and Market
  • FCCN underperformed the Specialty Retail industry which returned -36.2% over the past year.
  • FCCN underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -25.9% over the past year.
Price Volatility
FCCN
Industry
5yr Volatility vs Market

FCCN Value

 Is French Connection 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 French Connection 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 French Connection Group.

LSE:FCCN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 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 LSE:FCCN
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 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.736 (1 + (1- 19%) (817.15%))
4.089
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 LSE:FCCN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for French Connection 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.

LSE:FCCN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 12.67%)
2020 6.94 Est @ 55.43% 6.16
2021 9.64 Est @ 38.96% 7.59
2022 12.29 Est @ 27.43% 8.59
2023 14.66 Est @ 19.36% 9.10
2024 16.68 Est @ 13.71% 9.18
2025 18.30 Est @ 9.76% 8.95
2026 19.58 Est @ 6.99% 8.50
2027 20.57 Est @ 5.05% 7.92
2028 21.33 Est @ 3.7% 7.29
2029 21.92 Est @ 2.75% 6.65
Present value of next 10 years cash flows £79.00
LSE:FCCN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £21.92 × (1 + 0.53%) ÷ (12.67% – 0.53%)
£181.49
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £181.49 ÷ (1 + 12.67%)10
£55.05
LSE:FCCN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £79.00 + £55.05
£134.05
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £134.05 / 96.61
£1.39
LSE:FCCN Discount to Share Price
Calculation Result
Value per share (GBP) From above. £1.39
Current discount Discount to share price of £0.04
= -1 x (£0.04 - £1.39) / £1.39
97.3%

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

Current Discount
Amount off the current price French Connection Group is available for.
Intrinsic value
>50%
Share price is £0.04 vs Future cash flow value of £1.39
Current Discount Checks
For French Connection Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • French Connection Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • French Connection 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 French Connection Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are French Connection Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:FCCN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2020-01-31) in GBP £-0.08
LSE:FCCN Share Price ** LSE (2020-04-03) in GBP £0.04
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PE Ratio Median Figure of 23 Publicly-Listed Specialty Retail Companies 7.31x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.32x

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

** Primary Listing of French Connection Group.

LSE:FCCN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:FCCN Share Price ÷ EPS (both in GBP)

= 0.04 ÷ -0.08

-0.5x

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

  • French Connection Group is loss making, we can't compare its value to the GB Specialty Retail industry average.
  • French Connection Group is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does French Connection Group's expected growth come at a high price?
Raw Data
LSE:FCCN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PEG Ratio Median Figure of 15 Publicly-Listed Specialty Retail Companies 0.68x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 0.97x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for French Connection Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on French Connection Group's assets?
Raw Data
LSE:FCCN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2020-01-31) in GBP £0.30
LSE:FCCN Share Price * LSE (2020-04-03) in GBP £0.04
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PB Ratio Median Figure of 36 Publicly-Listed Specialty Retail Companies 0.62x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.06x
LSE:FCCN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:FCCN Share Price ÷ Book Value per Share (both in GBP)

= 0.04 ÷ 0.30

0.13x

* Primary Listing of French Connection Group.

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

  • French Connection Group is good value based on assets compared to the GB Specialty Retail industry average.
X
Value checks
We assess French Connection 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 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. French Connection Group has a total score of 3/6, 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.

FCCN Future Performance

 How is French Connection Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
15.7%
Expected Specialty Retail industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is French Connection Group expected to grow at an attractive rate?
  • Unable to compare French Connection Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare French Connection Group's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare French Connection Group's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
LSE:FCCN Future Growth Rates Data Sources
Data Point Source Value (per year)
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 15.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*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
LSE:FCCN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:FCCN Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-01-31 118 1
LSE:FCCN Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2020-01-31 120 6 -7
2019-07-31 128 5 1
2019-04-30 132 1 -4
2019-01-31 135 -3 -9
2018-10-31 134 -11
2018-07-31 134 -2 -13
2018-04-30 134 0 -8
2018-01-31 135 1 -4
2017-10-31 139 -4
2017-07-31 144 2 -4
2017-04-30 148 1 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if French Connection Group is high growth as no earnings estimate data is available.
  • Unable to determine if French Connection Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:FCCN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from French Connection Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:FCCN Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-01-31
LSE:FCCN Past Financials Data
Date (Data in GBP Millions) EPS *
2020-01-31 -0.08
2019-07-31 0.01
2019-04-30 -0.04
2019-01-31 -0.10
2018-10-31 -0.11
2018-07-31 -0.13
2018-04-30 -0.09
2018-01-31 -0.04
2017-10-31 -0.04
2017-07-31 -0.04
2017-04-30 -0.05

*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 French Connection Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess French Connection 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 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.
French Connection Group has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

FCCN Past Performance

  How has French Connection 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 French Connection Group'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.
  • French Connection Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare French Connection Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare French Connection Group's 1-year growth to the GB Specialty Retail industry average as it is not currently profitable.
Earnings and Revenue History
French Connection 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 French Connection Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:FCCN Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2020-01-31 119.90 -7.40 52.80
2019-07-31 128.20 1.00 48.00
2019-04-30 131.75 -4.10 55.10
2019-01-31 135.30 -9.20 62.20
2018-10-31 134.45 -11.00 72.00
2018-07-31 133.60 -12.80 75.00
2018-04-30 134.30 -8.25 71.05
2018-01-31 135.00 -3.70 67.10
2017-10-31 139.25 -3.65 69.10
2017-07-31 143.50 -3.60 71.10
2017-04-30 148.35 -4.60 75.20
2017-01-31 153.20 -5.60 79.30
2016-10-31 155.40 -4.60 81.70
2016-07-31 157.60 -3.60 84.10
2016-04-30 160.90 -3.45 85.85
2016-01-31 164.20 -3.30 87.60
2015-10-31 167.25 -4.30 88.50
2015-07-31 170.30 -5.30 89.40
2015-04-30 174.40 -3.40 90.10
2015-01-31 178.50 -1.50 90.80
2014-10-31 181.00 -2.65 93.55
2014-07-31 183.50 -3.80 96.30
2014-04-30 186.45 -4.95 98.85
2014-01-31 189.40 -6.10 101.40
2013-10-31 190.30 -8.20 103.20
2013-07-31 191.20 -10.30 105.00
2013-04-30 194.25 -10.30 106.95

*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 French Connection Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if French Connection Group has efficiently used its assets last year compared to the GB Specialty Retail industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if French Connection Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess French Connection 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 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.
French Connection 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.

FCCN Health

 How is French Connection 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 French Connection Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • French Connection Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • French Connection Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of French Connection 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.
  • High level of physical assets or inventory.
  • French Connection Group has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from French Connection Group Company Filings, last reported 2 months ago.

LSE:FCCN Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2020-01-31 29.10 0.00 8.10
2019-07-31 33.40 0.00 10.00
2019-04-30 33.40 0.00 10.00
2019-01-31 46.20 0.00 16.20
2018-10-31 46.20 0.00 16.20
2018-07-31 40.90 0.00 12.80
2018-04-30 40.90 0.00 12.80
2018-01-31 46.70 0.00 9.50
2017-10-31 46.70 0.00 9.50
2017-07-31 44.10 0.00 6.70
2017-04-30 44.10 0.00 6.70
2017-01-31 50.00 0.00 13.50
2016-10-31 50.00 0.00 13.50
2016-07-31 48.00 0.00 7.70
2016-04-30 48.00 0.00 7.70
2016-01-31 54.60 0.00 14.00
2015-10-31 54.60 0.00 14.00
2015-07-31 47.70 0.00 15.00
2015-04-30 47.70 0.00 15.00
2015-01-31 56.80 0.00 23.20
2014-10-31 56.80 0.00 23.20
2014-07-31 52.50 0.00 19.40
2014-04-30 52.50 0.00 19.40
2014-01-31 56.50 0.00 28.20
2013-10-31 56.50 0.00 28.20
2013-07-31 58.40 0.00 22.30
2013-04-30 58.40 0.00 22.30
  • French Connection Group has no debt.
  • French Connection Group has not taken on any debt in the past 5 years.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making French Connection Group has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making French Connection Group has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -24% per year.
X
Financial health checks
We assess French Connection 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. French Connection Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

FCCN Dividends

 What is French Connection 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 French Connection Group dividends.
If you bought £2,000 of French Connection 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 French Connection Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate French Connection 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
LSE:FCCN 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 1 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 4.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 595 Stocks 5.7%
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 2.7%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.4%

Industry and Market average data is calculated daily.

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

LSE:FCCN Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-01-31
LSE:FCCN Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2013-09-16 0.000 0.000
2013-08-15 0.000 0.000
2013-04-15 0.000 0.000
2013-03-13 0.000 0.000
2012-04-10 0.016 6.254
2012-03-14 0.016 3.362
2011-03-16 0.020 3.041
2011-03-15 0.020 1.642
2010-09-15 0.010 1.512
2010-08-16 0.010 2.168
2010-04-01 0.005 1.172
2010-03-15 0.005 1.039
2009-09-17 0.000 0.000

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

  • Unable to perform a dividend volatility check as French Connection Group has not reported any payouts.
  • Unable to verify if French Connection Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of French Connection Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as French Connection Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess French Connection Group'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 French Connection Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. French Connection 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.

FCCN Management

 What is the CEO of French Connection 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
Stephen Marks
COMPENSATION £395,000
AGE 72
TENURE AS CEO 51.3 years
CEO Bio

Mr. Stephen Marks founded French Connection Group plc in 1969 and has been its Chairman and Chief Executive Officer since 1969. Mr. Marks serves as Director at French Connection UK Limited.

CEO Compensation
  • Stephen's compensation has increased whilst company is loss making.
  • Stephen's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Stephen Marks

TITLE
Founder
COMPENSATION
£395K
AGE
72
TENURE
51.3 yrs

Lee Williams

TITLE
CFO, Company Secretary & Executive Director
COMPENSATION
£231K
AGE
50
TENURE
4 yrs

Neil Williams

TITLE
COO & Executive Director
COMPENSATION
£298K
AGE
54
Board of Directors Tenure

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

4
Average Tenure
57.5
Average Age
  • The tenure for the French Connection Group board of directors is about average.
Board of Directors

Stephen Marks

TITLE
Founder
COMPENSATION
£395K
AGE
72
TENURE
51.3 yrs

Lee Williams

TITLE
CFO, Company Secretary & Executive Director
COMPENSATION
£231K
AGE
50
TENURE
4 yrs

Neil Williams

TITLE
COO & Executive Director
COMPENSATION
£298K
AGE
54
TENURE
25.9 yrs

Sarah Curran

TITLE
Independent Non-Executive Director
COMPENSATION
£30K
TENURE
2.6 yrs

Robin Andrew Kier Piggott

TITLE
Independent Non-Executive Director
COMPENSATION
£30K
AGE
61
TENURE
2.6 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 (£)
23. Mar 20 Sell WA Capital Limited Company 20. Mar 20 20. Mar 20 -650,500 £0.04 £-25,299
X
Management checks
We assess French Connection 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. French Connection 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.

FCCN News

Simply Wall St News

Does French Connection Group PLC's (LON:FCCN) CEO Pay Reflect Performance?

According to our data, French Connection Group PLC has a market capitalization of UK£36m, and pays its CEO total annual compensation worth UK£395k. … It would therefore appear that French Connection Group PLC pays Stephen Marks more than the median CEO remuneration at companies of a similar size, in the same market. … We compared the total CEO remuneration paid by French Connection Group PLC, and compared it to remuneration at a group of similar sized companies.

Simply Wall St -

At UK£0UK£0.51, Is French Connection Group PLC (LON:FCCN) A Buy?

French Connection Group PLC (LON:FCCN), a specialty retail company based in United Kingdom,. … Less-covered, small caps tend to present more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing? … Let’s take a look at French Connection Group’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

French Connection Group PLC's (LON:FCCN) Path To Profitability

French Connection Group PLC's (LON:FCCN):. … French Connection Group PLC designs, produces, and distributes branded fashion clothing for men, women, and children. … See our latest analysis for French Connection Group

Simply Wall St -

Should You Be Concerned About French Connection Group PLC's (LON:FCCN) Investors?

In this article, I will take a quick look at French Connection Group PLC’s (LSE:FCCN) recent ownership structure – an unconventional investing subject, but an important one. … 41.78% ownership of FCCN insiders is large enough to make an impact on shareholder returns. … Private Company Ownership Potential investors in FCCN should also look at another important group of investors: private companies, with a stake of 0.25%, who are primarily invested because of strategic and capital gain interests.

Simply Wall St -

Is French Connection Group plc (LON:FCCN) Undervalued?

French Connection Group plc (LSE:FCCN), a specialty retail company based in United Kingdom, saw a significant share price rise of over 20% in the past couple of months on the LSE. … Since French Connection Group’s share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest. … However, with a relatively muted revenue growth of 3.50% expected over the next couple of years, growth doesn’t seem like a key driver for a buy decision for French Connection Group, at least in the short term.

Simply Wall St -

Where French Connection Group plc (LON:FCCN) Stands In Earnings Growth Against Its Industry

See our latest analysis for French Connection Group How FCCN fared against its long-term earnings performance and its industry For the purpose of this commentary, I like to use the ‘latest twelve-month’ data, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … Each year, for the last five years French Connection Group has seen an annual decline in revenue of -5.97%, on average. … This suggests that though French Connection Group is currently loss-making, whatever near-term headwind the industry is facing, the impact on French Connection Group has been softer relative to its peers.What does this mean?

Simply Wall St -

Is French Connection Group plc (LON:FCCN) Worth £0.4218 Based On Intrinsic Value?

I then discount the sum of these cash flows to arrive at a present value estimate. … 5-year cash flow estimate 2018 2019 2020 2021 2022 Levered FCF (£, Millions) £-2.40 £0.40 £1.60 £2.90 £2.73 Source Analyst x1 Analyst x1 Analyst x1 Analyst x1 Extrapolated @ (-5.94%) Present Value Discounted @ 8.3% £-2.22 £0.34 £1.26 £2.11 £1.83 Present Value of 5-year Cash Flow (PVCF)= £3 The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = £3 × (1 + 1.5%) ÷ (8.3% – 1.5%) = £41 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = £41 / ( 1 + 8.3%)5 = £27 The total value, or equity value, is then the sum of the present value of the cash flows, which in this case is £31.

Simply Wall St -

How Does French Connection Group plc (LON:FCCN)’s Prospect Stack Up To Its Retail Peers?

French Connection Group is neither a lagger nor a leader, and has been growing in-line with its industry peers at around 5.56% in the prior year. … A loose alternative to gauge French Connection Group’s value is to assume the stock should be relatively in-line with its industry. … If French Connection Group has been on your watchlist for a while, now may be the time to enter into the stock, if you like its growth prospects and are not highly concentrated in the retail industry.

Simply Wall St -

French Connection Group plc (LON:FCCN) Is Expected To Breakeven

View our latest analysis for French Connection Group Expectation from analysts is FCCN is on the verge of breakeven. … Working backwards from analyst estimates, it turns out that they expect the company to grow 113.90% year-on-year, on average, which signals high confidence from analysts. … FCCN currently has no debt on its balance sheet, which is rare for a loss-making loss-making, growth company, which typically has high debt relative to its equity.

Simply Wall St -

Who Owns Most Of French Connection Group plc (LON:FCCN)?

Insider Ownership I find insiders are another important group of stakeholders, who are directly involved in making key decisions related to the use of capital. … General Public Ownership The general public, with 6.56% stake, is also an important group of shareholders in FCCN. … Private Company Ownership Another important group of owners for potential investors in FCCN are private companies that hold a stake of 0.25% in FCCN.

Simply Wall St -

FCCN Company Info

Description

French Connection Group PLC designs, produces, and distributes branded fashion clothing for men, women, and children. The company also provides toiletries and fragrances, shoes, watches, jewelry, eyewear, and furniture, as well as accessories and homeware products. It operates retail stores and concessions in the United Kingdom, Europe, the United States, and Canada; and e-commerce stores. In addition, the company engages in the wholesale of its products to retailers operating in approximately 50 countries worldwide. Further, it licenses French Connection stores in Europe, Asia, Australia, and the Middle East. The company offers its products under the French Connection, Great Plains, and YMC brand names. French Connection Group PLC was founded in 1969 and is headquartered in London, the United Kingdom.

Details
Name: French Connection Group PLC
FCCN
Exchange: LSE
Founded: 1969
£3,671,291
96,612,934
Website: http://www.frenchconnection.com
Address: French Connection Group PLC
Centro 1,
First Floor,
London,
Greater London, NW1 0DT,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE FCCN Ordinary Shares London Stock Exchange GB GBP 19. Dec 1983
DB FDE Ordinary Shares Deutsche Boerse AG DE EUR 19. Dec 1983
Number of employees
Current staff
Staff numbers
1,271
French Connection Group employees.
Industry
Apparel Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 20:42
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/10
Last earnings filing: 2020/03/10
Last earnings reported: 2020/01/31
Last annual earnings reported: 2020/01/31


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.