Upcoming Dividend • May 18
Upcoming dividend of €3.25 per share Eligible shareholders must have bought the stock before 25 May 2026. Payment date: 27 May 2026. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 5.1%. Lower than top quartile of French dividend payers (5.6%). Higher than average of industry peers (3.8%). Announcement • Apr 29
RELX Group plc agreed to acquire Forseti SAS from Summit Partners, L.P and Peugeot Invest Société anonyme. RELX Group plc agreed to acquire Forseti SAS from Summit Partners, L.P. and Peugeot Invest Société anonyme on April 28, 2026.
Raymond James Financial, Inc. acted as financial advisor for Summit Partners, L.P. Latham & Watkins LLP acted as legal advisor for Summit Partners, L.P. Scotto Partners acted as legal advisor for Forseti SAS. Freshfields US LLP acted as legal advisor for RELX Group plc. New Risk • Apr 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 23% Last year net profit margin: 51% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Apr 17
Now 24% overvalued Over the last 90 days, the stock has fallen 12% to €68.30. The fair value is estimated to be €55.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to decline by 28% in 2 years. Earnings are forecast to decline by 6.5% in the next 2 years. Declared Dividend • Apr 15
Dividend of €3.25 announced Dividend of €3.25 is the same as last year. Ex-date: 25th May 2026 Payment date: 27th May 2026 Dividend yield will be 5.0%, which is higher than the industry average of 3.0%. Sustainability & Growth The dividend has increased by an average of 7.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 125% to bring the payout ratio under control. However, EPS is expected to remain steady over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Apr 14
Peugeot Invest Société anonyme, Annual General Meeting, May 20, 2026 Peugeot Invest Société anonyme, Annual General Meeting, May 20, 2026. Location: 83 avenue marceau, paris France New Risk • Mar 31
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. New Risk • Sep 18
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 202% Cash payout ratio: 180% Dividend yield: 4.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 202% Cash payout ratio: 180% Minor Risk Profit margins are more than 30% lower than last year (23% net profit margin). Price Target Changed • Sep 18
Price target decreased by 10% to €101 Down from €112, the current price target is an average from 3 analysts. New target price is 32% above last closing price of €76.00. Stock is down 0.4% over the past year. The company is forecast to post earnings per share of €8.53 for next year compared to €5.90 last year. Announcement • Jul 31
Peugeot Invest Société anonyme to Report First Half, 2025 Results on Sep 18, 2025 Peugeot Invest Société anonyme announced that they will report first half, 2025 results on Sep 18, 2025 Upcoming Dividend • May 16
Upcoming dividend of €3.25 per share Eligible shareholders must have bought the stock before 23 May 2025. Payment date: 27 May 2025. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of French dividend payers (5.4%). Higher than average of industry peers (3.3%). Declared Dividend • Apr 17
Dividend of €3.25 announced Dividend of €3.25 is the same as last year. Ex-date: 23rd May 2025 Payment date: 27th May 2025 Dividend yield will be 4.8%, which is higher than the industry average of 3.0%. Sustainability & Growth The dividend has increased by an average of 8.2% per year over the past 9 years and payments have been stable during that time. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend. Announcement • Apr 15
Peugeot Invest Société anonyme, Annual General Meeting, May 20, 2025 Peugeot Invest Société anonyme, Annual General Meeting, May 20, 2025. Location: 83 avenue marceau, paris France Price Target Changed • Sep 25
Price target decreased by 12% to €130 Down from €148, the current price target is an average from 3 analysts. New target price is 71% above last closing price of €76.20. Stock is down 23% over the past year. The company is forecast to post earnings per share of €8.58 for next year compared to €5.50 last year. Upcoming Dividend • May 22
Upcoming dividend of €3.25 per share Eligible shareholders must have bought the stock before 29 May 2024. Payment date: 31 May 2024. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of French dividend payers (5.2%). Lower than average of industry peers (3.3%). Price Target Changed • Apr 26
Price target increased by 8.8% to €148 Up from €136, the current price target is an average from 3 analysts. New target price is 36% above last closing price of €109. Stock is down 1.6% over the past year. The company is forecast to post earnings per share of €8.58 for next year compared to €5.50 last year. New Risk • Mar 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 36% Last year net profit margin: 77% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (36% net profit margin). Price Target Changed • Mar 22
Price target increased by 8.8% to €148 Up from €136, the current price target is an average from 3 analysts. New target price is 26% above last closing price of €118. Stock is up 20% over the past year. The company is forecast to post earnings per share of €8.64 for next year compared to €9.56 last year. Price Target Changed • Jan 09
Price target decreased by 7.5% to €136 Down from €147, the current price target is an average from 3 analysts. New target price is 34% above last closing price of €102. Stock is up 13% over the past year. The company is forecast to post earnings per share of €8.64 for next year compared to €9.56 last year. Announcement • Jul 27
TotalEnergies SE acquired 70.8% stake in Total Eren SA from Bpifrance Investissement SAS, Next World Group, Peugeot Invest Société anonyme (ENXTPA:PEUG), Tikehau Capital (ENXTPA:TKO) for €1.5 billion. TotalEnergies SE acquired 70.8% stake in Total Eren SA from Bpifrance Investissement SAS, Next World Group, Peugeot Invest Société anonyme (ENXTPA:PEUG), Tikehau Capital (ENXTPA:TKO) for €1.5 billion on July 25, 2023.
TotalEnergies SE completed the acquisition of 70.8% stake in Total Eren SA from Bpifrance Investissement SAS, Next World Group, Peugeot Invest Société anonyme (ENXTPA:PEUG), Tikehau Capital (ENXTPA:TKO) on July 25, 2023. Upcoming Dividend • May 11
Upcoming dividend of €2.85 per share at 2.6% yield Eligible shareholders must have bought the stock before 18 May 2023. Payment date: 22 May 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of French dividend payers (5.3%). Lower than average of industry peers (3.0%). Announcement • Feb 07
Rothschild Concordia SAS made an offer to acquire remaining 61.1% stake in Rothschild & Co SCA (ENXTPA:ROTH) for €2.2 billion. Rothschild Concordia SAS made an offer to acquire remaining 61.1% stake in Rothschild & Co SCA (ENXTPA:ROTH) for €2.2 billion on February 6, 2023. As per the transaction, Rothschild Concordia SAS will pay offer price of €48 per share to the shareholders of Rothschild & Co SCA. As per the transaction, If the offer is filed and if the legal conditions are met, Concordia will apply for a squeeze-out. The transaction is subject to regulatory approvals. Announcement • Jan 25
Peugeot Invest Société anonyme (ENXTPA:PEUG) commences an Equity Buyback Plan for €448.61 million worth of its shares, under the authorization approved on May 12, 2022. Peugeot Invest Société anonyme (ENXTPA:PEUG) commences share repurchases on January 13, 2023, under the program mandated by the shareholders in the General Meeting held on May 12, 2022. As per the mandate, the company is authorized to repurchase up to €448.61 million worth of it's shares. The maximum price at which the shares will be repurchased is €180 per share. The repurchased shares will be cancelled. The repurchase program is valid for 18 months. Price Target Changed • Nov 16
Price target increased to €161 Up from €133, the current price target is an average from 2 analysts. New target price is 86% above last closing price of €86.10. Stock is down 33% over the past year. The company is forecast to post earnings per share of €8.69 for next year compared to €18.41 last year. Buying Opportunity • Oct 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €105, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last 3 years. Earnings per share has grown by 55%. Revenue is forecast to decline by 41% in 2 years. Earnings is forecast to decline by 23% in the next 2 years. Buying Opportunity • Jun 23
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be €110, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 61% over the last 3 years. Earnings per share has grown by 64%. For the next 3 years, revenue is forecast to decline by 32% per annum. Earnings is also forecast to decline by 26% per annum over the same time period. Upcoming Dividend • May 11
Upcoming dividend of €2.65 per share Eligible shareholders must have bought the stock before 18 May 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of French dividend payers (5.1%). Lower than average of industry peers (2.8%). Price Target Changed • Apr 27
Price target increased to €161 Up from €133, the current price target is provided by 1 analyst. New target price is 56% above last closing price of €103. Stock is down 10% over the past year. The company is forecast to post earnings per share of €8.69 for next year compared to €18.41 last year. Reported Earnings • Apr 16
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: €18.41 (up from €5.41 in FY 2020). Revenue: €641.5m (up 177% from FY 2020). Net income: €456.5m (up 240% from FY 2020). Profit margin: 71% (up from 58% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 155%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is expected to shrink by 59% compared to a 56% decline forecast for the industry in France. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 10
Upcoming dividend of €2.35 per share Eligible shareholders must have bought the stock before 17 May 2021. Payment date: 19 May 2021. Trailing yield: 2.0%. Lower than top quartile of French dividend payers (4.0%). In line with average of industry peers (2.1%). Is New 90 Day High Low • Mar 09
New 90-day high: €104 The company is up 13% from its price of €92.00 on 09 December 2020. The French market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €85.21 per share. Price Target Changed • Feb 23
Price target raised to €113 Up from €102, the current price target is an average from 2 analysts. The new target price is 18% above the current share price of €95.50. As of last close, the stock is up 2.0% over the past year. Is New 90 Day High Low • Jan 08
New 90-day high: €97.50 The company is up 32% from its price of €74.00 on 09 October 2020. The French market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €85.78 per share. Is New 90 Day High Low • Dec 16
New 90-day high: €93.60 The company is up 22% from its price of €76.90 on 16 September 2020. The French market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €85.37 per share. Is New 90 Day High Low • Nov 09
New 90-day high: €80.90 The company is up 16% from its price of €69.50 on 11 August 2020. The French market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €71.06 per share. Price Target Changed • Oct 30
Price target raised to €102 Up from €93.17, the current price target is an average from 2 analysts. The new target price is 50% above the current share price of €68.30. As of last close, the stock is down 37% over the past year. 