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Lacroix

BATS-CHIXE:LACRP
Snowflake Description

Good value with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LACRP
BATS-CHIXE
€71M
Market Cap
  1. Home
  2. GB
  3. Tech
Company description

Lacroix SA develops, industrializes, produces, and integrates electronic assemblies and subassemblies for the automobile, aeronautics, home automation, industrial, and health sectors in France, Germany, Poland, Italy, Spain, and Tunisia. The last earnings update was 85 days ago. More info.


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LACRP Share Price and Events
7 Day Returns
0%
BATS-CHIXE:LACRP
0%
GB Electronic
1.7%
GB Market
1 Year Returns
19.2%
BATS-CHIXE:LACRP
-5.1%
GB Electronic
-21.8%
GB Market
LACRP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lacroix (LACRP) 0% 0% - 19.2% - -
GB Electronic 0% -5.2% -14.2% -5.1% 23.9% 64.7%
GB Market 1.7% -12% -25.3% -21.8% -22.8% -22.4%
1 Year Return vs Industry and Market
  • LACRP outperformed the Electronic industry which returned -5.1% over the past year.
  • LACRP outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.8% over the past year.
Price Volatility
LACRP
Industry
5yr Volatility vs Market

Value

 Is Lacroix 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 Lacroix 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 Lacroix.

BATS-CHIXE:LACRP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in EUR € 0.683304
Payout Ratio Company Filings (2019-09-30) 1943.7%
Discount Rate (Cost of Equity) See below 8.5%
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:LACRP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.1 (1 + (1- 33%) (98.44%))
1.32
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.32
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.32 * 6.07%)
8.54%

Discounted Cash Flow Calculation for BATS-CHIXE:LACRP using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Lacroix is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

BATS-CHIXE:LACRP Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €0.68 / (8.54% - 0.53%)
€13.83
BATS-CHIXE:LACRP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:LACRP represents 1.27319x of ENXTPA:LACR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.27319x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 8.53 x 1.27319
€10.86
Value per share (EUR) From above. €10.86
Current discount Discount to share price of €25.40
= -1 x (€25.40 - €10.86) / €10.86
-133.9%

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

  • The current share price of Lacroix 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 Lacroix's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lacroix's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:LACRP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €2.97
ENXTPA:LACR Share Price ** ENXTPA (2020-02-26) in EUR €19.95
United Kingdom of Great Britain and Northern Ireland Electronic Industry PE Ratio Median Figure of 22 Publicly-Listed Electronic Companies 17.39x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 13x

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

** Primary Listing of Lacroix.

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

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

= 19.95 ÷ 2.97

6.72x

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

  • Lacroix is good value based on earnings compared to the GB Electronic industry average.
  • Lacroix is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Lacroix's expected growth come at a high price?
Raw Data
BATS-CHIXE:LACRP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
14%per year
United Kingdom of Great Britain and Northern Ireland Electronic Industry PEG Ratio Median Figure of 11 Publicly-Listed Electronic Companies 1.08x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 1.02x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.72x ÷ 14%

0.48x

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

  • Lacroix is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Lacroix's assets?
Raw Data
BATS-CHIXE:LACRP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €26.94
ENXTPA:LACR Share Price * ENXTPA (2020-02-26) in EUR €19.95
United Kingdom of Great Britain and Northern Ireland Electronic Industry PB Ratio Median Figure of 33 Publicly-Listed Electronic Companies 1.89x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.13x
BATS-CHIXE:LACRP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 19.95 ÷ 26.94

0.74x

* Primary Listing of Lacroix.

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

  • Lacroix is good value based on assets compared to the GB Electronic industry average.
X
Value checks
We assess Lacroix'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. Lacroix 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 Lacroix expected to perform in the next 1 to 3 years based on estimates from 2 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
14%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lacroix expected to grow at an attractive rate?
  • Lacroix's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Lacroix's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Lacroix'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:LACRP Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:LACRP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 14%
BATS-CHIXE:LACRP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 3.1%
United Kingdom of Great Britain and Northern Ireland Electronic Industry Earnings Growth Rate Market Cap Weighted Average 9.4%
United Kingdom of Great Britain and Northern Ireland Electronic Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.6%
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:LACRP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 2 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:LACRP Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-09-30 514 26 14 1
2021-09-30 499 24 13 2
2020-09-30 463 23 9 2
2020-04-08
BATS-CHIXE:LACRP Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 482 6 11
2019-06-30 476 6 11
2019-03-31 470 6 11
2018-12-31 469 8 9
2018-09-30 468 11 8
2018-06-30 463 8
2018-03-31 459 8 8
2017-12-31 450 14 8
2017-09-30 441 19 8
2017-06-30 437 2
2017-03-31 433 15 -4
2016-12-31 431 11 -6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lacroix's earnings are expected to grow by 14% yearly, however this is not considered high growth (20% yearly).
  • Lacroix's revenue is expected to grow by 3.1% 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:LACRP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:LACRP Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-09-30 3.83 3.83 3.83 1.00
2021-09-30 3.62 3.62 3.62 2.00
2020-09-30 2.48 3.40 1.56 2.00
2020-04-08
BATS-CHIXE:LACRP Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 2.97
2019-06-30 2.98
2019-03-31 2.99
2018-12-31 2.65
2018-09-30 2.30
2018-06-30 2.23
2018-03-31 2.16
2017-12-31 2.21
2017-09-30 2.25
2017-06-30 0.55
2017-03-31 -1.14
2016-12-31 -1.80

*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.
  • Lacroix is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Lacroix'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.
Lacroix has a total score of 2/6, 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 Lacroix 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 Lacroix's growth in the last year to its industry (Electronic).
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.
  • Lacroix has delivered over 20% year on year earnings growth in the past 5 years.
  • Lacroix's 1-year earnings growth exceeds its 5-year average (29% vs 28.3%)
  • Lacroix's earnings growth has exceeded the GB Electronic industry average in the past year (29% vs 6.9%).
Earnings and Revenue History
Lacroix'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 Lacroix Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:LACRP Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 481.59 10.62 123.02
2019-06-30 475.55 10.69 120.07
2019-03-31 469.50 10.76 117.32
2018-12-31 468.89 9.50 114.90
2018-09-30 468.29 8.23 112.27
2018-06-30 463.46 7.96 110.29
2018-03-31 458.62 7.68 108.31
2017-12-31 450.02 7.85 105.69
2017-09-30 441.42 8.03 103.08
2017-06-30 437.32 1.98 101.51
2017-03-31 433.21 -4.06 99.95
2016-12-31 430.81 -6.44 100.55
2016-09-30 428.40 -8.82 101.16
2016-06-30 424.25 -4.92 102.60
2016-03-31 420.09 -1.01 104.03
2015-12-31 407.57 -0.01 103.17
2015-09-30 395.06 0.99 102.30
2015-06-30 384.91 2.87 100.07
2015-03-31 374.77 4.76 97.85
2014-12-31 365.31 6.82 95.79
2014-09-30 355.86 8.89 93.72
2014-06-30 349.72 8.48 92.95
2014-03-31 343.59 8.08 92.17
2013-12-31 336.19 6.44 92.23
2013-09-30 328.80 4.81 92.28
2013-06-30 324.62 4.77 93.16

*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.
  • Lacroix has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Lacroix used its assets less efficiently than the GB Electronic industry average last year based on Return on Assets.
  • Lacroix has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Lacroix'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 Electronic 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.
Lacroix has a total score of 4/6, 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 Lacroix'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 Lacroix's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lacroix is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Lacroix's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Lacroix'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 3.1x 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 Lacroix Company Filings, last reported 6 months ago.

BATS-CHIXE:LACRP Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 103.20 70.05 13.55
2019-06-30 103.20 70.05 13.55
2019-03-31 99.83 68.97 19.01
2018-12-31 99.83 68.97 19.01
2018-09-30 100.42 52.19 18.30
2018-06-30 100.42 52.19 18.30
2018-03-31 95.03 55.56 23.57
2017-12-31 95.03 55.56 23.57
2017-09-30 93.76 49.32 19.43
2017-06-30 93.76 49.32 19.43
2017-03-31 88.69 45.75 19.79
2016-12-31 88.69 45.75 19.79
2016-09-30 86.17 52.16 17.71
2016-06-30 86.17 52.16 17.71
2016-03-31 94.65 50.47 24.24
2015-12-31 94.65 50.47 24.24
2015-09-30 98.84 53.93 21.58
2015-06-30 98.84 53.93 21.58
2015-03-31 99.00 49.92 29.11
2014-12-31 99.00 49.92 29.11
2014-09-30 101.52 45.49 23.01
2014-06-30 101.52 45.49 23.01
2014-03-31 98.29 44.30 27.53
2013-12-31 98.29 44.30 27.53
2013-09-30 95.40 48.84 20.50
2013-06-30 95.40 48.84 20.50
  • Lacroix's level of debt (67.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (42.8% vs 67.9% today).
  • Debt is not well covered by operating cash flow (9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 28.4x coverage).
X
Financial health checks
We assess Lacroix'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. Lacroix 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 Lacroix'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
4.51%
Current annual income from Lacroix dividends. Estimated to be 3.43% next year.
If you bought €2,000 of Lacroix shares you are expected to receive €90 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?
  • Lacroix's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.51%).
  • Lacroix's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (6.87%).
Upcoming dividend payment

Purchase Lacroix before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:LACRP 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 2 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Electronic Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 1.8%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.5%
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 2.5%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 6.9%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:LACRP Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-09-30 0.00 1.00
2021-09-30 1.01 2.00
2020-09-30 0.70 2.00
2020-04-08
BATS-CHIXE:LACRP Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-01-14 0.900 3.790
2019-12-17 0.900 3.317
2019-01-31 0.720 3.372
2019-01-17 0.720 3.371
2018-01-29 0.600 2.237
2017-02-02 0.400 1.833
2017-01-13 0.400 2.017
2016-02-05 0.400 2.270
2015-01-27 0.700 3.041
2014-02-03 0.500 2.281
2014-01-06 0.500 2.713
2013-02-01 0.500 3.706
2013-01-07 0.500 3.913
2012-01-27 0.500 4.044
2012-01-03 0.500 3.329
2011-01-04 0.500 2.736
2009-11-30 0.300 2.155

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Lacroix's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (1388.9x coverage).
X
Income/ dividend checks
We assess Lacroix'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 Lacroix afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lacroix has a total score of 4/6, 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 Lacroix'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
Vincent Bedouin
COMPENSATION €340,585
AGE 44
CEO Bio

Mr. Vincent Bedouin serves as President, Chief Executive Officer and Director of Lacroix SA since July 26, 2018. He served as Chairman of Executive Board of Lacroix SA since October 1, 2015 and served as its Managing Director and Chief Executive Officer. Mr. Bedouin served as Member of Executive Board of Lacroix SA since 2013. Mr. Bedouin served as the Managing Director and Member of Executive Board of Lacroix Electronique SA, a subsidiary of Lacroix SA. Mr. Bedouin served as Member of Supervisory board of Lacroix SA. He is an EM Lyon graduate.

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

Vincent Bedouin

TITLE
President
COMPENSATION
€341K
AGE
44

Nicolas Bedouin

TITLE
COO, Executive VP of Finance & Director
COMPENSATION
€211K
AGE
41
TENURE
10.3 yrs

Loic Goulard

TITLE
Executive Vice President of Information & Systems

Franck Legrand

TITLE
Executive Vice President of Legal & Compliance

Landry Chiron

TITLE
Executive Vice President of Communication

Thomas Lesort

TITLE
Executive Vice President of Human Resources

Catherine Failliet

TITLE
Managing Director Lacroix Sofrel

Stéphane Klajzyngier

TITLE
Executive Managing Director - Lacroix Electronics
AGE
54

Stephane Gervais

TITLE
Executive Vice President of Strategic Innovation

Vincent Sabot

TITLE
Executive Managing Director - Lacroix City
TENURE
1.4 yrs
Board of Directors Tenure

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

1.8
Average Tenure
50
Average Age
  • The average tenure for the Lacroix board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jean-Paul Bedouin

TITLE
Honorary Chairman
COMPENSATION
€120K
TENURE
1.8 yrs

Vincent Bedouin

TITLE
President
COMPENSATION
€341K
AGE
44
TENURE
1.8 yrs

Nicolas Bedouin

TITLE
COO, Executive VP of Finance & Director
COMPENSATION
€211K
AGE
41
TENURE
1.8 yrs

Pierre Tiers

TITLE
Director
COMPENSATION
€14K
AGE
67
TENURE
1.8 yrs

Hugues Meili

TITLE
Director
COMPENSATION
€11K
TENURE
1.8 yrs

Hubert de Boisredon

TITLE
Director
COMPENSATION
€9K
AGE
51
TENURE
1.8 yrs

Muriel Barnéoud

TITLE
Director
COMPENSATION
€9K
AGE
50

Ariane Malbat

TITLE
Director
COMPENSATION
€9K
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 Lacroix'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. Lacroix 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

Lacroix SA develops, industrializes, produces, and integrates electronic assemblies and subassemblies for the automobile, aeronautics, home automation, industrial, and health sectors in France, Germany, Poland, Italy, Spain, and Tunisia. It also designs and produces equipment to guide, optimize, and secure the flow of vehicles and people in the areas of road signage, traffic management and regulation, public lighting, and V2X; and equipment to remotely control, automate, and manage water and energy infrastructure. The company was founded in 1936 and is headquartered in Saint-Herblain, France.

Details
Name: Lacroix SA
LACRP
Exchange: BATS-CHIXE
Founded: 1936
€71,381,618
3,578,026
Website: http://www.lacroix-group.com
Address: Lacroix SA
8, Impasse du Bourrelier,
PO Box 30004,
Saint-Herblain,
Pays de la Loire, 44801,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA LACR Common Shares Euronext Paris FR EUR 17. Dec 1992
LSE 0F1U Common Shares London Stock Exchange GB EUR 17. Dec 1992
BATS-CHIXE LACRP Common Shares BATS 'Chi-X Europe' GB EUR 17. Dec 1992
Number of employees
Current staff
Staff numbers
4,169
Lacroix employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 20:09
End of day share price update: 2020/02/26 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/01/14
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/09/30


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.