This company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsColas (OL3) 주식 개요Colas SA constructs and maintains transport infrastructure worldwide. 자세히 보기OL3 펀더멘털 분석스노우플레이크 점수가치 평가1/6미래 성장0/6과거 실적4/6재무 건전성4/6배당0/6강점지난 1년간 수익이 22.8% 증가했습니다.위험 분석재무 결과에 영향을 미치는 대규모 일회성 항목부채비율이 높네요모든 위험 점검 보기OL3 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€174.5018.9% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture019b2016201920222025202620282031Revenue €18.9bEarnings €353.9mAdvancedSet Fair ValueView all narrativesColas SA 경쟁사HOCHTIEFSymbol: XTRA:HOTMarket cap: €37.4bthyssenkrupp nucera KGaASymbol: XTRA:NCH2Market cap: €992.2mBAUERSymbol: HMSE:B5A0Market cap: €247.9mKION GROUPSymbol: XTRA:KGXMarket cap: €5.4b가격 이력 및 성과Colas 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가€174.5052주 최고가€174.5052주 최저가€112.00베타01개월 변동0.87%3개월 변동0%1년 변동53.74%3년 변동40.73%5년 변동30.34%IPO 이후 변동-3.54%최근 뉴스 및 업데이트공시 • Dec 22Colas SA(ENXTPA:RE) dropped from CAC AllShares IndexColas SA has been dropped from CAC AllShares Index.공시 • Sep 20+ 2 more updatesBouygues Announces Its Intention to Submit A Squeeze-Out Offer, with A View to Delisting ColasFollowing a meeting of the Board of Directors held on 17 September 2023, Bouygues SA (ENXTPA:EN) announced its intention to file in the next few days with the French Financial Markets Authority (the « AMF ») a public tender offer followed by a squeeze-out for the Colas SA (ENXTPA:RE) shares it does not hold at a price of EUR 175 per share (together the « Offer »). Upon completion of the Offer, Colas will be delisted. This price of EUR 175 per Colas share, payable exclusively in cash, gives rise to the following premium levels: 54.2% on the Colas share price at close of business on September 15, 2023; 52.2%, 50.1% and 50.4% on the average Colas share price weighted by volumes over the last 60, 120 and 240 trading days respectively prior to the offer announcement. This Offer is part of a simplification of the capital structure of Colas and the Bouygues Group. At the date of this press release, Bouygues held 96.81% of the share capital and 98.04% of the voting rights of Colas. Colas is listed in compartment A of Euronext Paris (code ISIN FR0000121634). In accordance with applicable regulations, the completion of the Offer will be subject to the AMF’s compliance decision (conformité) on the proposed Offer.Valuation Update With 7 Day Price Move • Sep 19Investor sentiment improves as stock rises 53%After last week's 53% share price gain to €173, the stock trades at a trailing P/E ratio of 19.1x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 82% over the past three years.공시 • Sep 19Bouygues to Delist Colas After Share Squeeze OutDiversified services group Bouygues SA (ENXTPA:EN) announced plans to file a public tender offer to squeeze out remaining shares in French construction company Colas SA (ENXTPA:RE).Reported Earnings • Aug 03First half 2023 earnings released: €4.19 loss per share (vs €4.06 loss in 1H 2022)First half 2023 results: €4.19 loss per share (further deteriorated from €4.06 loss in 1H 2022). Revenue: €6.79b (up 4.2% from 1H 2022). Net loss: €137.0m (loss widened 3.8% from 1H 2022). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Construction industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.New Risk • Jul 30New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 48% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (48% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.더 많은 업데이트 보기Recent updates공시 • Dec 22Colas SA(ENXTPA:RE) dropped from CAC AllShares IndexColas SA has been dropped from CAC AllShares Index.공시 • Sep 20+ 2 more updatesBouygues Announces Its Intention to Submit A Squeeze-Out Offer, with A View to Delisting ColasFollowing a meeting of the Board of Directors held on 17 September 2023, Bouygues SA (ENXTPA:EN) announced its intention to file in the next few days with the French Financial Markets Authority (the « AMF ») a public tender offer followed by a squeeze-out for the Colas SA (ENXTPA:RE) shares it does not hold at a price of EUR 175 per share (together the « Offer »). Upon completion of the Offer, Colas will be delisted. This price of EUR 175 per Colas share, payable exclusively in cash, gives rise to the following premium levels: 54.2% on the Colas share price at close of business on September 15, 2023; 52.2%, 50.1% and 50.4% on the average Colas share price weighted by volumes over the last 60, 120 and 240 trading days respectively prior to the offer announcement. This Offer is part of a simplification of the capital structure of Colas and the Bouygues Group. At the date of this press release, Bouygues held 96.81% of the share capital and 98.04% of the voting rights of Colas. Colas is listed in compartment A of Euronext Paris (code ISIN FR0000121634). In accordance with applicable regulations, the completion of the Offer will be subject to the AMF’s compliance decision (conformité) on the proposed Offer.Valuation Update With 7 Day Price Move • Sep 19Investor sentiment improves as stock rises 53%After last week's 53% share price gain to €173, the stock trades at a trailing P/E ratio of 19.1x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 82% over the past three years.공시 • Sep 19Bouygues to Delist Colas After Share Squeeze OutDiversified services group Bouygues SA (ENXTPA:EN) announced plans to file a public tender offer to squeeze out remaining shares in French construction company Colas SA (ENXTPA:RE).Reported Earnings • Aug 03First half 2023 earnings released: €4.19 loss per share (vs €4.06 loss in 1H 2022)First half 2023 results: €4.19 loss per share (further deteriorated from €4.06 loss in 1H 2022). Revenue: €6.79b (up 4.2% from 1H 2022). Net loss: €137.0m (loss widened 3.8% from 1H 2022). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Construction industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.New Risk • Jul 30New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 48% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (48% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Upcoming Dividend • Apr 25Upcoming dividend of €7.35 per share at 6.2% yieldEligible shareholders must have bought the stock before 02 May 2023. Payment date: 04 May 2023. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.9%).공시 • Jan 18+ 5 more updatesColas SA to Report Q3, 2023 Results on Oct 31, 2023Colas SA announced that they will report Q3, 2023 results on Oct 31, 2023Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Stephanie Rivoal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 03First half 2022 earnings released: €4.06 loss per share (vs €3.42 loss in 1H 2021)First half 2022 results: €4.06 loss per share (down from €3.42 loss in 1H 2021). Revenue: €6.52b (up 17% from 1H 2021). Net loss: €132.0m (loss widened 18% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.공시 • May 12+ 2 more updatesColas SA to Report Q1, 2022 Results on May 12, 2022Colas SA announced that they will report Q1, 2022 results on May 12, 2022Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Stephanie Rivoal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 04Full year 2021 earnings released: EPS: €8.00 (vs €2.88 in FY 2020)Full year 2021 results: EPS: €8.00 (up from €2.88 in FY 2020). Revenue: €13.2b (up 7.6% from FY 2020). Net income: €261.0m (up 178% from FY 2020). Profit margin: 2.0% (up from 0.8% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 5% per year.Reported Earnings • Feb 26Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €8.01 (up from €2.88 in FY 2020). Revenue: €13.2b (up 7.6% from FY 2020). Net income: €261.0m (up 178% from FY 2020). Profit margin: 2.0% (up from 0.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year.공시 • Feb 25Colas SA, Annual General Meeting, Apr 26, 2022Colas SA, Annual General Meeting, Apr 26, 2022. Agenda: To consider 2021 financial statements; and to consider to distribute a dividend of EUR 6.85 per share, compared to EUR 2.90 last year.공시 • Dec 02Colas SA (ENXTPA:RE) completed the acquisition of Destia Oy from Ahlström Capital Oy.Colas SA (ENXTPA:RE) signed an agreement to acquire Destia Oy from Ahlström Capital Oy for approximately €200 million on August 25, 2021. Destia generated revenue totaling €564 million in 2020. The transaction is subject to the approval of the competition authorities. As of November 18, 2021, the European Commission (EC) has granted unconditional approval for the transaction. The transaction is expected to close by the end of 2021. Jan Ollila, Kai Holkeri, Ilkka Leppihalme, Ritva Aalto, Toni Kalliokoski, Mika Karkkainen, Tuomas Tiensuu, Katrin Puolakainen and Jasper Kuhlefelt from Dittmar & Indrenius Attorneys Ltd. served as a legal advisor for Colas. PK Partners AB acted as financial advisor while Jan-Anders Wik, Pinja Lindholm and Jaakko Huhtala of Roschier acted as legal advisor for Ahlström. Colas SA (ENXTPA:RE) completed the acquisition of Destia Oy from Ahlström Capital Oy on December 1, 2021.Reported Earnings • Aug 28First half 2021 earnings released: €3.42 loss per share (vs €9.03 loss in 1H 2020)The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: €5.59b (up 15% from 1H 2020). Net loss: €112.0m (loss narrowed 62% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.공시 • Aug 27Colas SA (ENXTPA:RE) signed an agreement to acquire Destia Oy from Ahlström Capital Oy for approximately €200 million.Colas SA (ENXTPA:RE) signed an agreement to acquire Destia Oy from Ahlström Capital Oy for approximately €200 million on August 25, 2021. Destia generated revenue totaling €564 million in 2020. The transaction is subject to the approval of the competition authorities. The transaction is expected to close by the end of 2021. Jan Ollila, Kai Holkeri, Ilkka Leppihalme, Ritva Aalto, Toni Kalliokoski, Mika Karkkainen, Tuomas Tiensuu, Katrin Puolakainen and Jasper Kuhlefelt from Dittmar & Indrenius Attorneys Ltd. served as a legal advisor for Colas.Upcoming Dividend • Apr 26Upcoming dividend of €2.90 per shareEligible shareholders must have bought the stock before 03 May 2021. Payment date: 05 May 2021. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.8%).Executive Departure • Feb 25Chairman of the Board of Directors Olivier Roussat has left the companyOn the 16th of February, Olivier Roussat's tenure as Chairman of the Board of Directors ended after 1.4 years in the role. We don't have any record of a personal shareholding under Olivier's name. Olivier is the only executive to leave the company over the last 12 months.Reported Earnings • Feb 20Full year 2020 earnings released: EPS €2.88 (vs €8.00 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €12.3b (down 10% from FY 2019). Net income: €94.0m (down 64% from FY 2019). Profit margin: 0.8% (down from 1.9% in FY 2019). The decrease in margin was driven by lower revenue.공시 • Feb 19Colas SA Announces Executive ChangesAt its meeting of 16 February 2021, the Board of Directors of Colas decided to combine the functions of Chairman and Chief Executive Officer, and appoint Frédéric Gardès, the current CEO, Chairman and Chief Executive Officer of Colas. Olivier Roussat has therefore resigned from office as Chairman of Colas. Frédéric Gardès, 49, is a graduate of École Centrale de Paris and the Royal Institute of Technology of Stockholm. He began his career in 1994 in the Bouygues group as a Construction Engineer at Bouygues Offshore. He was then appointed International Managing Director in March 2018. He was appointed CEO of Colas in May 2019. Frédéric Gardès joins the Bouygues Group Management Committee.공시 • Jan 21+ 1 more updateColas SA, Annual General Meeting, Apr 20, 2021Colas SA, Annual General Meeting, Apr 20, 2021.Is New 90 Day High Low • Dec 08New 90-day high: €117The company is up 2.0% from its price of €115 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 11% over the same period.Is New 90 Day High Low • Oct 10New 90-day low: €105The company is down 7.0% from its price of €114 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Construction industry, which is also down 7.0% over the same period.Is New 90 Day High Low • Sep 23New 90-day low: €110The company is down 4.0% from its price of €115 on 25 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is down 15% over the same period.주주 수익률OL3DE ConstructionDE 시장7D0%7.5%1.5%1Y53.7%190.7%3.3%전체 주주 수익률 보기수익률 대 산업: OL3은 지난 1년 동안 190.7%의 수익을 기록한 German Construction 산업보다 저조한 성과를 냈습니다.수익률 대 시장: OL3은 지난 1년 동안 3.3%를 기록한 German 시장보다 더 좋은 성과를 냈습니다.주가 변동성Is OL3's price volatile compared to industry and market?OL3 volatilityOL3 Average Weekly Movement1.2%Construction Industry Average Movement5.2%Market Average Movement5.9%10% most volatile stocks in DE Market13.1%10% least volatile stocks in DE Market2.8%안정적인 주가: OL3의 주가는 지난 3개월 동안 German 시장보다 변동성이 컸습니다.시간에 따른 변동성: OL3의 주간 변동성은 지난 1년간 8%에서 1%로 감소했습니다.회사 소개설립직원 수CEO웹사이트192958,000Pierre Vanstoflegattewww.colas.com더 보기Colas SA 기초 지표 요약Colas의 순이익과 매출은 시가총액과 어떻게 비교됩니까?OL3 기초 통계시가총액€5.71b순이익 (TTM)€296.00m매출 (TTM)€15.80b19.2x주가수익비율(P/E)0.4x주가매출비율(P/S)OL3는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표OL3 손익계산서 (TTM)매출€15.80b매출원가€8.03b총이익€7.77b기타 비용€7.47b순이익€296.00m최근 보고된 실적Jun 30, 2023다음 실적 발표일해당 없음주당순이익(EPS)9.07총이익률49.15%순이익률1.87%부채/자본 비율61.8%OL3의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2023/12/24 20:24종가2023/12/05 00:00수익2023/06/30연간 수익2022/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Colas SA는 1명의 분석가가 다루고 있습니다. 이 중 명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Mollie WitcombeCitigroup Inc
공시 • Dec 22Colas SA(ENXTPA:RE) dropped from CAC AllShares IndexColas SA has been dropped from CAC AllShares Index.
공시 • Sep 20+ 2 more updatesBouygues Announces Its Intention to Submit A Squeeze-Out Offer, with A View to Delisting ColasFollowing a meeting of the Board of Directors held on 17 September 2023, Bouygues SA (ENXTPA:EN) announced its intention to file in the next few days with the French Financial Markets Authority (the « AMF ») a public tender offer followed by a squeeze-out for the Colas SA (ENXTPA:RE) shares it does not hold at a price of EUR 175 per share (together the « Offer »). Upon completion of the Offer, Colas will be delisted. This price of EUR 175 per Colas share, payable exclusively in cash, gives rise to the following premium levels: 54.2% on the Colas share price at close of business on September 15, 2023; 52.2%, 50.1% and 50.4% on the average Colas share price weighted by volumes over the last 60, 120 and 240 trading days respectively prior to the offer announcement. This Offer is part of a simplification of the capital structure of Colas and the Bouygues Group. At the date of this press release, Bouygues held 96.81% of the share capital and 98.04% of the voting rights of Colas. Colas is listed in compartment A of Euronext Paris (code ISIN FR0000121634). In accordance with applicable regulations, the completion of the Offer will be subject to the AMF’s compliance decision (conformité) on the proposed Offer.
Valuation Update With 7 Day Price Move • Sep 19Investor sentiment improves as stock rises 53%After last week's 53% share price gain to €173, the stock trades at a trailing P/E ratio of 19.1x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 82% over the past three years.
공시 • Sep 19Bouygues to Delist Colas After Share Squeeze OutDiversified services group Bouygues SA (ENXTPA:EN) announced plans to file a public tender offer to squeeze out remaining shares in French construction company Colas SA (ENXTPA:RE).
Reported Earnings • Aug 03First half 2023 earnings released: €4.19 loss per share (vs €4.06 loss in 1H 2022)First half 2023 results: €4.19 loss per share (further deteriorated from €4.06 loss in 1H 2022). Revenue: €6.79b (up 4.2% from 1H 2022). Net loss: €137.0m (loss widened 3.8% from 1H 2022). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Construction industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
New Risk • Jul 30New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 48% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (48% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
공시 • Dec 22Colas SA(ENXTPA:RE) dropped from CAC AllShares IndexColas SA has been dropped from CAC AllShares Index.
공시 • Sep 20+ 2 more updatesBouygues Announces Its Intention to Submit A Squeeze-Out Offer, with A View to Delisting ColasFollowing a meeting of the Board of Directors held on 17 September 2023, Bouygues SA (ENXTPA:EN) announced its intention to file in the next few days with the French Financial Markets Authority (the « AMF ») a public tender offer followed by a squeeze-out for the Colas SA (ENXTPA:RE) shares it does not hold at a price of EUR 175 per share (together the « Offer »). Upon completion of the Offer, Colas will be delisted. This price of EUR 175 per Colas share, payable exclusively in cash, gives rise to the following premium levels: 54.2% on the Colas share price at close of business on September 15, 2023; 52.2%, 50.1% and 50.4% on the average Colas share price weighted by volumes over the last 60, 120 and 240 trading days respectively prior to the offer announcement. This Offer is part of a simplification of the capital structure of Colas and the Bouygues Group. At the date of this press release, Bouygues held 96.81% of the share capital and 98.04% of the voting rights of Colas. Colas is listed in compartment A of Euronext Paris (code ISIN FR0000121634). In accordance with applicable regulations, the completion of the Offer will be subject to the AMF’s compliance decision (conformité) on the proposed Offer.
Valuation Update With 7 Day Price Move • Sep 19Investor sentiment improves as stock rises 53%After last week's 53% share price gain to €173, the stock trades at a trailing P/E ratio of 19.1x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 82% over the past three years.
공시 • Sep 19Bouygues to Delist Colas After Share Squeeze OutDiversified services group Bouygues SA (ENXTPA:EN) announced plans to file a public tender offer to squeeze out remaining shares in French construction company Colas SA (ENXTPA:RE).
Reported Earnings • Aug 03First half 2023 earnings released: €4.19 loss per share (vs €4.06 loss in 1H 2022)First half 2023 results: €4.19 loss per share (further deteriorated from €4.06 loss in 1H 2022). Revenue: €6.79b (up 4.2% from 1H 2022). Net loss: €137.0m (loss widened 3.8% from 1H 2022). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Construction industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
New Risk • Jul 30New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 48% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (48% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Upcoming Dividend • Apr 25Upcoming dividend of €7.35 per share at 6.2% yieldEligible shareholders must have bought the stock before 02 May 2023. Payment date: 04 May 2023. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.9%).
공시 • Jan 18+ 5 more updatesColas SA to Report Q3, 2023 Results on Oct 31, 2023Colas SA announced that they will report Q3, 2023 results on Oct 31, 2023
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Stephanie Rivoal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 03First half 2022 earnings released: €4.06 loss per share (vs €3.42 loss in 1H 2021)First half 2022 results: €4.06 loss per share (down from €3.42 loss in 1H 2021). Revenue: €6.52b (up 17% from 1H 2021). Net loss: €132.0m (loss widened 18% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
공시 • May 12+ 2 more updatesColas SA to Report Q1, 2022 Results on May 12, 2022Colas SA announced that they will report Q1, 2022 results on May 12, 2022
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Stephanie Rivoal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 04Full year 2021 earnings released: EPS: €8.00 (vs €2.88 in FY 2020)Full year 2021 results: EPS: €8.00 (up from €2.88 in FY 2020). Revenue: €13.2b (up 7.6% from FY 2020). Net income: €261.0m (up 178% from FY 2020). Profit margin: 2.0% (up from 0.8% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 5% per year.
Reported Earnings • Feb 26Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €8.01 (up from €2.88 in FY 2020). Revenue: €13.2b (up 7.6% from FY 2020). Net income: €261.0m (up 178% from FY 2020). Profit margin: 2.0% (up from 0.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year.
공시 • Feb 25Colas SA, Annual General Meeting, Apr 26, 2022Colas SA, Annual General Meeting, Apr 26, 2022. Agenda: To consider 2021 financial statements; and to consider to distribute a dividend of EUR 6.85 per share, compared to EUR 2.90 last year.
공시 • Dec 02Colas SA (ENXTPA:RE) completed the acquisition of Destia Oy from Ahlström Capital Oy.Colas SA (ENXTPA:RE) signed an agreement to acquire Destia Oy from Ahlström Capital Oy for approximately €200 million on August 25, 2021. Destia generated revenue totaling €564 million in 2020. The transaction is subject to the approval of the competition authorities. As of November 18, 2021, the European Commission (EC) has granted unconditional approval for the transaction. The transaction is expected to close by the end of 2021. Jan Ollila, Kai Holkeri, Ilkka Leppihalme, Ritva Aalto, Toni Kalliokoski, Mika Karkkainen, Tuomas Tiensuu, Katrin Puolakainen and Jasper Kuhlefelt from Dittmar & Indrenius Attorneys Ltd. served as a legal advisor for Colas. PK Partners AB acted as financial advisor while Jan-Anders Wik, Pinja Lindholm and Jaakko Huhtala of Roschier acted as legal advisor for Ahlström. Colas SA (ENXTPA:RE) completed the acquisition of Destia Oy from Ahlström Capital Oy on December 1, 2021.
Reported Earnings • Aug 28First half 2021 earnings released: €3.42 loss per share (vs €9.03 loss in 1H 2020)The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: €5.59b (up 15% from 1H 2020). Net loss: €112.0m (loss narrowed 62% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
공시 • Aug 27Colas SA (ENXTPA:RE) signed an agreement to acquire Destia Oy from Ahlström Capital Oy for approximately €200 million.Colas SA (ENXTPA:RE) signed an agreement to acquire Destia Oy from Ahlström Capital Oy for approximately €200 million on August 25, 2021. Destia generated revenue totaling €564 million in 2020. The transaction is subject to the approval of the competition authorities. The transaction is expected to close by the end of 2021. Jan Ollila, Kai Holkeri, Ilkka Leppihalme, Ritva Aalto, Toni Kalliokoski, Mika Karkkainen, Tuomas Tiensuu, Katrin Puolakainen and Jasper Kuhlefelt from Dittmar & Indrenius Attorneys Ltd. served as a legal advisor for Colas.
Upcoming Dividend • Apr 26Upcoming dividend of €2.90 per shareEligible shareholders must have bought the stock before 03 May 2021. Payment date: 05 May 2021. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.8%).
Executive Departure • Feb 25Chairman of the Board of Directors Olivier Roussat has left the companyOn the 16th of February, Olivier Roussat's tenure as Chairman of the Board of Directors ended after 1.4 years in the role. We don't have any record of a personal shareholding under Olivier's name. Olivier is the only executive to leave the company over the last 12 months.
Reported Earnings • Feb 20Full year 2020 earnings released: EPS €2.88 (vs €8.00 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €12.3b (down 10% from FY 2019). Net income: €94.0m (down 64% from FY 2019). Profit margin: 0.8% (down from 1.9% in FY 2019). The decrease in margin was driven by lower revenue.
공시 • Feb 19Colas SA Announces Executive ChangesAt its meeting of 16 February 2021, the Board of Directors of Colas decided to combine the functions of Chairman and Chief Executive Officer, and appoint Frédéric Gardès, the current CEO, Chairman and Chief Executive Officer of Colas. Olivier Roussat has therefore resigned from office as Chairman of Colas. Frédéric Gardès, 49, is a graduate of École Centrale de Paris and the Royal Institute of Technology of Stockholm. He began his career in 1994 in the Bouygues group as a Construction Engineer at Bouygues Offshore. He was then appointed International Managing Director in March 2018. He was appointed CEO of Colas in May 2019. Frédéric Gardès joins the Bouygues Group Management Committee.
공시 • Jan 21+ 1 more updateColas SA, Annual General Meeting, Apr 20, 2021Colas SA, Annual General Meeting, Apr 20, 2021.
Is New 90 Day High Low • Dec 08New 90-day high: €117The company is up 2.0% from its price of €115 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 11% over the same period.
Is New 90 Day High Low • Oct 10New 90-day low: €105The company is down 7.0% from its price of €114 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Construction industry, which is also down 7.0% over the same period.
Is New 90 Day High Low • Sep 23New 90-day low: €110The company is down 4.0% from its price of €115 on 25 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is down 15% over the same period.
