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Etn. Fr. Colruyt

WBAG:COLR
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
COLR
WBAG
€9B
Market Cap
  1. Home
  2. AT
  3. Consumer Retailing
Company description

Etn. Fr. Colruyt NV, together with its subsidiaries, engages in the retail, wholesale, and food service activities in Belgium, France, and internationally. The last earnings update was 128 days ago. More info.


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COLR Share Price and Events
7 Day Returns
-0.8%
WBAG:COLR
-0.2%
Europe Consumer Retailing
3.4%
AT Market
1 Year Returns
43.6%
WBAG:COLR
1.1%
Europe Consumer Retailing
-2%
AT Market
COLR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Etn. Fr. Colruyt (COLR) -0.8% 2.7% 4.9% 43.6% - -
Europe Consumer Retailing -0.2% 0% 4.1% 1.1% -5.3% -9%
AT Market 3.4% 6% 10.1% -2% 43.4% 29.5%
1 Year Return vs Industry and Market
  • COLR outperformed the Consumer Retailing industry which returned 1.1% over the past year.
  • COLR outperformed the Market in Austria which returned -2% over the past year.
Price Volatility
COLR
Industry
5yr Volatility vs Market

Value

 Is Etn. Fr. Colruyt 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 Etn. Fr. Colruyt 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 Etn. Fr. Colruyt.

WBAG:COLR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6%
Perpetual Growth Rate 10-Year AT 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 WBAG:COLR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.8%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.465 (1 + (1- 29%) (0.19%))
0.642
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (0.8 * 6.8%)
5.95%

Discounted Cash Flow Calculation for WBAG:COLR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Etn. Fr. Colruyt 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.

WBAG:COLR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5.95%)
2019 280.25 Analyst x6 264.51
2020 265.70 Analyst x6 236.70
2021 331.00 Analyst x1 278.31
2022 363.00 Analyst x1 288.07
2023 387.00 Est @ 6.61% 289.87
2024 405.51 Est @ 4.78% 286.68
2025 419.70 Est @ 3.5% 280.05
2026 430.63 Est @ 2.6% 271.20
2027 439.14 Est @ 1.98% 261.03
2028 445.88 Est @ 1.54% 250.15
Present value of next 10 years cash flows €2,706.58
WBAG:COLR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €445.88 × (1 + 0.51%) ÷ (5.95% – 0.51%)
€8,238.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €8,238.11 ÷ (1 + 5.95%)10
€4,621.87
WBAG:COLR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €2,706.58 + €4,621.87
€7,328.45
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €7,328.45 / 130.86
€56
WBAG:COLR Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in WBAG:COLR represents 1.00338x of ENXTBR:COLR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00338x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 56.00 x 1.00338
€56.19
Value per share (EUR) From above. €56.19
Current discount Discount to share price of €65.32
= -1 x (€65.32 - €56.19) / €56.19
-16.2%

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

  • The current share price of Etn. Fr. Colruyt 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 Etn. Fr. Colruyt's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Etn. Fr. Colruyt's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:COLR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in EUR €2.87
ENXTBR:COLR Share Price ** ENXTBR (2019-04-18) in EUR €65.1
Europe Consumer Retailing Industry PE Ratio Median Figure of 32 Publicly-Listed Consumer Retailing Companies 19.26x
Austria Market PE Ratio Median Figure of 51 Publicly-Listed Companies 14.73x

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

** Primary Listing of Etn. Fr. Colruyt.

WBAG:COLR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTBR:COLR Share Price ÷ EPS (both in EUR)

= 65.1 ÷ 2.87

22.7x

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

  • Etn. Fr. Colruyt is overvalued based on earnings compared to the Europe Consumer Retailing industry average.
  • Etn. Fr. Colruyt is overvalued based on earnings compared to the Austria market.
Price based on expected Growth
Does Etn. Fr. Colruyt's expected growth come at a high price?
Raw Data
WBAG:COLR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
1.6%per year
Europe Consumer Retailing Industry PEG Ratio Median Figure of 24 Publicly-Listed Consumer Retailing Companies 1.71x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

WBAG:COLR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.7x ÷ 1.6%

14.47x

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

  • Etn. Fr. Colruyt is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Etn. Fr. Colruyt's assets?
Raw Data
WBAG:COLR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in EUR €14.71
ENXTBR:COLR Share Price * ENXTBR (2019-04-18) in EUR €65.1
Europe Consumer Retailing Industry PB Ratio Median Figure of 41 Publicly-Listed Consumer Retailing Companies 1.55x
Austria Market PB Ratio Median Figure of 59 Publicly-Listed Companies 1.27x
WBAG:COLR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTBR:COLR Share Price ÷ Book Value per Share (both in EUR)

= 65.1 ÷ 14.71

4.43x

* Primary Listing of Etn. Fr. Colruyt.

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

  • Etn. Fr. Colruyt is overvalued based on assets compared to the Europe Consumer Retailing industry average.
X
Value checks
We assess Etn. Fr. Colruyt'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 Consumer Retailing 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 Consumer Retailing industry average (and greater than 0)? (1 check)
  5. Etn. Fr. Colruyt has a total score of 0/6, 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 Etn. Fr. Colruyt expected to perform in the next 1 to 3 years based on estimates from 14 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
1.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Etn. Fr. Colruyt expected to grow at an attractive rate?
  • Etn. Fr. Colruyt's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Etn. Fr. Colruyt's earnings growth is positive but not above the Austria market average.
  • Etn. Fr. Colruyt's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:COLR Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:COLR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 1.6%
WBAG:COLR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 2.8%
Europe Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 12.2%
Europe Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Austria Market Earnings Growth Rate Market Cap Weighted Average 9%
Austria Market Revenue Growth Rate Market Cap Weighted Average 2.7%

*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
WBAG:COLR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:COLR Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 10,831 1
2023-03-31 10,507 1
2022-03-31 10,051 401 3
2021-03-31 9,762 702 394 7
2020-03-31 9,534 709 374 14
2019-03-31 9,285 744 378 14
WBAG:COLR Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-09-30 9,168 626 401
2018-06-30 9,099 562 387
2018-03-31 9,031 497 373
2017-12-31 9,163 474 371
2017-09-30 9,296 452 369
2017-06-30 9,395 494 376
2017-03-31 9,494 537 382
2016-12-31 9,390 576 379
2016-09-30 9,287 615 375
2016-06-30 9,232 628 370
2016-03-31 9,178 641 366
2015-12-31 9,112 349

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Etn. Fr. Colruyt's earnings are expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).
  • Etn. Fr. Colruyt's revenue is expected to grow by 2.8% 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
WBAG:COLR 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 14 Analyst Estimates (S&P Global) See Below

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

WBAG:COLR Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 2.88 2.92 2.83 2.00
2021-03-31 2.87 3.02 2.66 6.00
2020-03-31 2.73 2.97 2.50 11.00
2019-03-31 2.76 2.88 2.57 9.00
WBAG:COLR Past Financials Data
Date (Data in EUR Millions) EPS *
2018-09-30 2.87
2018-06-30 2.73
2018-03-31 2.60
2017-12-31 2.57
2017-09-30 2.54
2017-06-30 2.57
2017-03-31 2.60
2016-12-31 2.58
2016-09-30 2.55
2016-06-30 2.52
2016-03-31 2.49
2015-12-31 2.37

*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.
  • Etn. Fr. Colruyt is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Etn. Fr. Colruyt'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Etn. Fr. Colruyt 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 Etn. Fr. Colruyt 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 Etn. Fr. Colruyt's growth in the last year to its industry (Consumer Retailing).
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.
  • Etn. Fr. Colruyt's year on year earnings growth rate has been positive over the past 5 years.
  • Etn. Fr. Colruyt's 1-year earnings growth exceeds its 5-year average (8.5% vs 2.3%)
  • Etn. Fr. Colruyt's earnings growth has exceeded the Europe Consumer Retailing industry average in the past year (8.5% vs -4.5%).
Earnings and Revenue History
Etn. Fr. Colruyt'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 Etn. Fr. Colruyt Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:COLR Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 9,167.70 400.60 1,655.20
2018-06-30 9,099.15 386.85 1,638.45
2018-03-31 9,030.60 373.10 1,621.70
2017-12-31 9,163.10 371.20 1,636.40
2017-09-30 9,295.60 369.30 1,651.10
2017-06-30 9,394.55 375.60 1,663.70
2017-03-31 9,493.50 381.90 1,676.30
2016-12-31 9,390.00 378.65 1,657.35
2016-09-30 9,286.50 375.40 1,638.40
2016-06-30 9,232.00 370.45 1,612.10
2016-03-31 9,177.50 365.50 1,585.80
2015-12-31 9,112.25 348.55 1,560.85
2015-09-30 9,047.00 331.60 1,535.90
2015-06-30 8,981.90 331.00 1,518.90
2015-03-31 8,916.80 330.40 1,501.90
2014-12-31 8,866.65 342.50 1,494.60
2014-09-30 8,816.50 354.60 1,487.30
2014-06-30 8,734.25 352.30 1,466.40
2014-03-31 8,652.00 350.00 1,445.50
2013-12-31 8,574.55 359.65 1,435.35
2013-09-30 8,497.10 369.30 1,425.20
2013-06-30 8,404.35 361.50 1,405.55
2013-03-31 8,311.60 353.70 1,385.90
2012-12-31 8,198.80 349.25 1,358.95
2012-09-30 8,086.00 344.80 1,332.00
2012-06-30 7,966.80 343.85 1,318.10

*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.
  • Etn. Fr. Colruyt has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Etn. Fr. Colruyt used its assets more efficiently than the Europe Consumer Retailing industry average last year based on Return on Assets.
  • Etn. Fr. Colruyt's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Etn. Fr. Colruyt'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 Consumer Retailing 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.
Etn. Fr. Colruyt 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 Etn. Fr. Colruyt'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 Etn. Fr. Colruyt's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Etn. Fr. Colruyt's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Etn. Fr. Colruyt's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Etn. Fr. Colruyt'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 88x 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 Etn. Fr. Colruyt Company Filings, last reported 6 months ago.

WBAG:COLR Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 2,026.90 16.30 239.30
2018-06-30 2,026.90 16.30 239.30
2018-03-31 2,041.50 141.60 241.80
2017-12-31 2,041.50 141.60 241.80
2017-09-30 2,122.40 26.50 502.60
2017-06-30 2,122.40 26.50 502.60
2017-03-31 2,140.20 27.10 548.20
2016-12-31 2,140.20 27.10 548.20
2016-09-30 2,013.90 30.70 501.10
2016-06-30 2,013.90 30.70 501.10
2016-03-31 2,047.70 33.20 458.10
2015-12-31 2,047.70 33.20 458.10
2015-09-30 1,840.40 36.00 458.60
2015-06-30 1,840.40 36.00 458.60
2015-03-31 1,800.70 38.20 332.80
2014-12-31 1,800.70 38.20 332.80
2014-09-30 1,681.90 39.10 342.30
2014-06-30 1,681.90 39.10 342.30
2014-03-31 1,966.90 32.10 628.00
2013-12-31 1,966.90 32.10 628.00
2013-09-30 1,816.60 31.40 637.50
2013-06-30 1,816.60 31.40 637.50
2013-03-31 1,792.90 32.10 528.90
2012-12-31 1,792.90 32.10 528.90
2012-09-30 1,587.20 37.20 463.40
2012-06-30 1,587.20 37.20 463.40
  • Etn. Fr. Colruyt's level of debt (0.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (1.7% vs 0.8% today).
  • Debt is well covered by operating cash flow (3842.3%, greater than 20% of total debt).
  • Etn. Fr. Colruyt earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Etn. Fr. Colruyt'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. Etn. Fr. Colruyt has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Etn. Fr. Colruyt'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
1.87%
Current annual income from Etn. Fr. Colruyt dividends. Estimated to be 1.9% next year.
If you bought €2,000 of Etn. Fr. Colruyt shares you are expected to receive €37 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?
  • Etn. Fr. Colruyt's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.44%).
  • Etn. Fr. Colruyt's dividend is below the markets top 25% of dividend payers in Austria (4.62%).
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
WBAG:COLR 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 14 Analyst Estimates (S&P Global) See Below
Europe Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3.7%
Austria Market Average Dividend Yield Market Cap Weighted Average of 49 Stocks 3.4%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.4%
Austria Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

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

WBAG:COLR Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 1.39 2.00
2021-03-31 1.27 7.00
2020-03-31 1.19 13.00
2019-03-31 1.17 13.00
WBAG:COLR Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-07-31 1.220 2.146
2018-06-19 1.220 2.468
2017-07-31 1.180 2.614
2017-06-20 1.180 2.579
2016-07-29 1.120 2.356
2016-06-21 1.120 2.205
2015-07-31 1.000 2.116
2015-06-23 1.000 2.369
2014-07-31 1.000 2.571
2014-06-23 1.000 2.646
2013-07-12 1.000 2.443
2013-06-25 1.000 2.448
2012-07-12 0.950 2.583
2012-06-26 0.950 2.771
2011-07-14 0.920 2.985
2011-06-27 0.920 2.704
2010-07-12 0.672 1.746
2010-06-28 0.896 2.344
2009-06-24 0.808 2.369
2009-04-20 0.808 2.414

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Etn. Fr. Colruyt's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Etn. Fr. Colruyt's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Etn. Fr. Colruyt afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Etn. Fr. Colruyt has a total score of 5/6, 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 Etn. Fr. Colruyt'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
Jef Colruyt
COMPENSATION €364,000
CEO Bio

Mr. Jef Colruyt serves as the Chairman, Chief Executive Officer, Managing director and Chief Operating Officer of Services at Etn Fr Colruyt NV (formerly Ets. Fr. Colruyt SA). Mr. Colruyt also serves as a Member of the Board of Directors at Sofindev II. He also serves as a Director of StoneFund I and II. He serves as the Chairman of SA Colruyt France.

CEO Compensation
  • Jef's compensation has been consistent with company performance over the past year.
  • Insufficient data for Jef to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure of the Etn. Fr. Colruyt management team in years:

3.3
Average Tenure
  • The tenure for the Etn. Fr. Colruyt management team is about average.
Management Team

Jef Colruyt

TITLE
Chairman
COMPENSATION
€364K

Frans Colruyt

TITLE
Executive Director
COMPENSATION
€182K
TENURE
7.3 yrs

Stefaan Vandamme

TITLE
Chief Financial Officer
TENURE
0.2 yrs

Peter Vanbellingen

TITLE
Business Processes & Systems Manager and Customer Communication & Experiences Manager
TENURE
3.3 yrs

Liesbeth Sabbe

TITLE
People & Organization Manager
TENURE
3.5 yrs

Marc Hofman

TITLE
Chief Operating Officer of Retail
AGE
60
TENURE
0.2 yrs

Kris Castelein

TITLE
Secretary

Dirk Depoorter

TITLE
General Manager of Retail Partners Colruyt Group
Board of Directors Tenure

Average tenure of the Etn. Fr. Colruyt board of directors in years:

1.6
Average Tenure
  • The average tenure for the Etn. Fr. Colruyt board of directors is less than 3 years, this suggests a new board.
Board of Directors

Frans Colruyt

TITLE
Executive Director
COMPENSATION
€182K

François Gillet

TITLE
Non-Executive Director
AGE
58

Jef Colruyt

TITLE
Chairman
COMPENSATION
€364K

Astrid De Lathauwer

TITLE
Independent Director
TENURE
7.6 yrs

M. Delvaux

TITLE
Independent Director

Wim Colruyt

TITLE
Non-Executive Director

Hilde Cerstelotte

TITLE
Non-Executive Director
TENURE
1.6 yrs

Chantal De Vrieze

TITLE
Independent Director
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Etn. Fr. Colruyt'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. Etn. Fr. Colruyt 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

Etn. Fr. Colruyt NV, together with its subsidiaries, engages in the retail, wholesale, and food service activities in Belgium, France, and internationally. It operates through three segments: Retail, Wholesale and Foodservice, and Other Activities. The company operates food retail store network that includes 239 Colruyt stores, 135 OKay stores, 27 Bio- Planet stores, and 3 Cru stores, as well as 43 Dreamland stores in Belgium and 2 in France. It also operates 78 Colruyt retail stores and 26 Dreambaby stores in Belgium. In addition, the company operates ColliShop, an online shopping service; ColliShop Professional, which offers a range of B2B products; 215 Spar retail stores; and 298 Codifrance stores. Further, it provides fresh products, dry food, and frozen and non-food products; operates 66 ZEB stores, which sells multi-brand fashion products for ladies and men; operates MyUnderwear24, a Webshop that sells underwear and night clothing; and provides meat, wine, cheese, coffee, and bread. Additionally, the company operates 120 DATS 24 filling stations and Collect&Go, an online shopping service; generates and sells green power using onshore wind turbines, solar panels, and combined heat and power generation facilities; and offers print and document management services. It provides its products and services to wholesalers, commercial customers, and affiliated independent merchants, as well as hospitals, schools, companies, the hospitality sector, etc. The company was founded in 1928 and is headquartered in Halle, Belgium.

Details
Name: Etn. Fr. Colruyt NV
COLR
Exchange: WBAG
Founded: 1928
€8,518,753,593
130,856,430
Website: http://www.colruytgroup.com
Address: Etn. Fr. Colruyt NV
Edingensesteenweg 196,
Wilgenveld,
Halle,
Flemish Brabant, 1500,
Belgium
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTBR COLR Ordinary Shares Euronext Brussels BE EUR 02. Jan 1992
OTCPK CUYT.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB EFC1 Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0N4Y Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
WBAG COLR Ordinary Shares Wiener Boerse AG AT EUR 02. Jan 1992
BATS-CHIXE COLRB Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK CUYT.Y ADR Pink Sheets LLC US USD 11. Dec 2008
Number of employees
Current staff
Staff numbers
27,764
Etn. Fr. Colruyt employees.
Industry
Food Retail
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 22:09
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/16
Last earnings filing: 2018/12/11
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


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.