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TOTAL

WBAG:FP
Snowflake Description

Proven track record with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FP
WBAG
€129B
Market Cap
  1. Home
  2. AT
  3. Energy
Company description

TOTAL S.A. operates as an integrated oil and gas company worldwide. The last earnings update was 2 days ago. More info.


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FP Share Price and Events
7 Day Returns
-4.6%
WBAG:FP
1.7%
Europe Oil and Gas
1.4%
AT Market
1 Year Returns
7.8%
WBAG:FP
15%
Europe Oil and Gas
-6.6%
AT Market
FP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TOTAL (FP) -4.6% -0.5% 8% 7.8% - -
Europe Oil and Gas 1.7% 2.7% 10.8% 15% 40.3% 14.2%
AT Market 1.4% 1.7% 12.1% -6.6% 42.3% 25.1%
1 Year Return vs Industry and Market
  • FP underperformed the Oil and Gas industry which returned 15% over the past year.
  • FP outperformed the Market in Austria which returned -6.6% over the past year.
Price Volatility
FP
Industry
5yr Volatility vs Market

FP Value

 Is TOTAL 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 TOTAL 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 TOTAL.

WBAG:FP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 22 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
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:FP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.7%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.946 (1 + (1- 33%) (36.98%))
1.121
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.121 * 6.65%)
7.96%

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

The calculations below outline how an intrinsic value for TOTAL 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:FP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.96%)
2019 13,021.28 Analyst x10 12,060.74
2020 14,907.80 Analyst x10 12,789.50
2021 13,936.67 Analyst x3 11,074.38
2022 14,573.33 Analyst x3 10,726.04
2023 16,164.00 Analyst x2 11,019.18
2024 16,523.58 Est @ 2.22% 10,433.38
2025 16,806.17 Est @ 1.71% 9,829.01
2026 17,033.08 Est @ 1.35% 9,226.86
2027 17,220.12 Est @ 1.1% 8,640.07
2028 17,378.84 Est @ 0.92% 8,076.47
Present value of next 10 years cash flows $103,875.63
WBAG:FP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $17,378.84 × (1 + 0.51%) ÷ (7.96% – 0.51%)
$234,329.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $234,329.67 ÷ (1 + 7.96%)10
$108,900.13
WBAG:FP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $103,875.63 + $108,900.13
$212,775.77
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $212,775.77 / 2,602.64
$81.64
WBAG:FP Discount to Share Price
Calculation Result
Exchange Rate USD/EUR
(Reporting currency to currency of ENXTPA:FP)
0.885
Value per Share
(EUR)
= Value per Share in USD x Exchange Rate (USD/EUR)
= $81.75 x 0.885
€72.38
Non-primary Listing Adjustment Factor 1 share in WBAG:FP represents 1.00141x of ENXTPA:FP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00141x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 72.38 x 1.00141
€72.49
Value per share (EUR) From above. €72.49
Current discount Discount to share price of €49.52
= -1 x (€49.52 - €72.49) / €72.49
31.7%

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

Current Discount
Amount off the current price TOTAL is available for.
Intrinsic value
32%
Share price is €49.52 vs Future cash flow value of €72.49
Current Discount Checks
For TOTAL to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • TOTAL's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • TOTAL's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TOTAL's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TOTAL's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:FP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $4.39
ENXTPA:FP Share Price ** ENXTPA (2019-03-22) in EUR €49.45
ENXTPA:FP Share Price converted to USD reporting currency Exchange rate (EUR/ USD) 1.129 $55.85
Europe Oil and Gas Industry PE Ratio Median Figure of 91 Publicly-Listed Oil and Gas Companies 10.66x
Austria Market PE Ratio Median Figure of 50 Publicly-Listed Companies 15.19x

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

** Primary Listing of TOTAL.

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

= ENXTPA:FP Share Price ÷ EPS (both in USD)

= 55.85 ÷ 4.39

12.72x

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

  • TOTAL is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • TOTAL is good value based on earnings compared to the Austria market.
Price based on expected Growth
Does TOTAL's expected growth come at a high price?
Raw Data
WBAG:FP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts
9.2%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 60 Publicly-Listed Oil and Gas Companies 0.96x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.06x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.72x ÷ 9.2%

1.38x

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

  • TOTAL is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on TOTAL's assets?
Raw Data
WBAG:FP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $44.34
ENXTPA:FP Share Price * ENXTPA (2019-03-22) in EUR €49.45
ENXTPA:FP Share Price converted to USD reporting currency Exchange rate (EUR/ USD) 1.129 $55.85
Europe Oil and Gas Industry PB Ratio Median Figure of 186 Publicly-Listed Oil and Gas Companies 0.86x
Austria Market PB Ratio Median Figure of 59 Publicly-Listed Companies 1.2x
WBAG:FP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:FP Share Price ÷ Book Value per Share (both in USD)

= 55.85 ÷ 44.34

1.26x

* Primary Listing of TOTAL.

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

  • TOTAL is overvalued based on assets compared to the Europe Oil and Gas industry average.
X
Value checks
We assess TOTAL'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 Oil and Gas 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 Oil and Gas industry average (and greater than 0)? (1 check)
  5. TOTAL has a total score of 2/6, 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.

FP Future Performance

 How is TOTAL expected to perform in the next 1 to 3 years based on estimates from 22 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
9.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TOTAL expected to grow at an attractive rate?
  • TOTAL's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • TOTAL's earnings growth is expected to exceed the Austria market average.
  • TOTAL's revenue growth is positive but not above the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:FP Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:FP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts 9.2%
WBAG:FP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 22 Analysts 1.6%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 7.6%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.4%
Austria Market Earnings Growth Rate Market Cap Weighted Average 8.6%
Austria Market Revenue Growth Rate Market Cap Weighted Average 3.1%

*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:FP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:FP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 33,369 19,369
2022-12-31 31,796 17,648
2021-12-31 192,568 30,001 15,833 5
2020-12-31 194,906 29,897 15,640 11
2019-12-31 193,763 27,721 14,198 11
WBAG:FP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 184,106 24,703 11,446
2018-09-30 179,236 22,678 11,335
2018-06-30 167,918 21,305 10,102
2018-03-31 156,298 19,699 8,418
2017-12-31 149,099 22,319 8,631
2017-09-30 144,524 20,722 8,158
2017-06-30 139,267 21,099 7,388
2017-03-31 136,496 19,341 7,439
2016-12-31 127,925 16,521 6,196
2016-09-30 123,350 14,341 4,022
2016-06-30 126,422 15,590 3,147
2016-03-31 133,980 17,440 4,030

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TOTAL's earnings are expected to grow by 9.2% yearly, however this is not considered high growth (20% yearly).
  • TOTAL's revenue is expected to grow by 1.6% 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:FP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below

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

WBAG:FP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 8.11 8.90 7.33 2.00
2022-12-31 7.14 7.30 6.98 2.00
2021-12-31 6.27 6.98 4.91 5.00
2020-12-31 5.95 6.96 4.90 13.00
2019-12-31 5.40 6.04 4.60 13.00
WBAG:FP Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 4.39
2018-09-30 4.41
2018-06-30 3.97
2018-03-31 3.35
2017-12-31 3.48
2017-09-30 3.30
2017-06-30 3.02
2017-03-31 3.09
2016-12-31 2.60
2016-09-30 1.69
2016-06-30 1.34
2016-03-31 1.74

*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.
  • TOTAL is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess TOTAL'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.
TOTAL 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.

FP Past Performance

  How has TOTAL 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 TOTAL's growth in the last year to its industry (Oil and Gas).
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.
  • TOTAL's year on year earnings growth rate has been positive over the past 5 years.
  • TOTAL's 1-year earnings growth exceeds its 5-year average (32.6% vs 2.3%)
  • TOTAL's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (32.6% vs 25.3%).
Earnings and Revenue History
TOTAL'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 TOTAL Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:FP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 184,106.00 11,446.00 797.00
2018-09-30 179,236.00 11,335.00 883.00
2018-06-30 167,918.00 10,102.00 830.00
2018-03-31 156,298.00 8,418.00 871.00
2017-12-31 149,099.00 8,631.00 864.00
2017-09-30 144,524.00 8,158.00 837.00
2017-06-30 139,267.00 7,388.00 930.00
2017-03-31 136,496.00 7,439.00 917.00
2016-12-31 127,925.00 6,196.00 914.00
2016-09-30 123,350.00 4,022.00 1,027.00
2016-06-30 126,422.00 3,147.00 941.00
2016-03-31 133,980.00 4,030.00 1,192.00
2015-12-31 143,421.00 5,087.00 1,550.00
2015-09-30 157,863.00 1,055.00 1,788.00
2015-06-30 177,188.00 3,439.00 2,033.00
2015-03-31 194,126.00 3,572.00 1,897.00
2014-12-31 212,018.00 4,244.00 1,964.00
2014-09-30 224,051.00 12,136.00 2,011.00
2014-06-30 225,505.00 12,355.00 2,329.00
2014-03-31 224,804.00 12,615.00 2,382.00
2013-12-31 227,969.00 11,228.00 2,169.00
2013-09-30 230,742.25 12,162.44 2,193.14
2013-06-30 231,755.49 12,361.73 1,827.27
2013-03-31 231,668.53 10,841.59 1,802.63
2012-12-31 234,216.00 13,648.00 1,857.00
2012-09-30 230,897.07 13,559.37 1,645.16
2012-06-30 222,899.16 13,678.14 1,528.81
2012-03-31 228,918.22 15,994.13 1,487.70

*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.
  • TOTAL has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • TOTAL used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • TOTAL has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess TOTAL'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 Oil and Gas 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.
TOTAL 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.

FP Health

 How is TOTAL'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 TOTAL's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TOTAL is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TOTAL's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TOTAL'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 1.5x 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 TOTAL Company Filings, last reported 2 months ago.

WBAG:FP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 118,114.00 53,730.00 31,516.00
2018-09-30 120,623.00 56,937.00 28,805.00
2018-06-30 120,263.00 54,824.00 30,084.00
2018-03-31 123,686.00 55,535.00 32,381.00
2017-12-31 114,037.00 52,593.00 36,406.00
2017-09-30 112,600.00 51,705.00 31,162.00
2017-06-30 109,960.00 54,618.00 32,338.00
2017-03-31 106,654.00 55,599.00 31,497.00
2016-12-31 101,574.00 57,199.00 29,104.00
2016-09-30 101,116.00 58,213.00 26,556.00
2016-06-30 100,889.00 55,457.00 24,671.00
2016-03-31 99,403.00 54,204.00 24,009.00
2015-12-31 95,409.00 57,079.00 29,239.00
2015-09-30 99,161.00 56,296.00 29,306.00
2015-06-30 100,348.00 56,506.00 29,761.00
2015-03-31 98,120.00 55,553.00 27,515.00
2014-12-31 93,531.00 56,556.00 26,014.00
2014-09-30 103,790.00 55,383.00 25,512.00
2014-06-30 106,216.00 53,384.00 23,169.00
2014-03-31 106,384.00 49,182.00 23,659.00
2013-12-31 103,379.00 46,081.00 20,470.00
2013-09-30 100,437.17 45,120.12 20,613.11
2013-06-30 96,408.19 42,411.44 15,688.01
2013-03-31 96,906.91 43,070.02 17,988.34
2012-12-31 95,658.00 44,038.00 21,902.00
2012-09-30 95,118.47 45,364.41 23,834.84
2012-06-30 92,994.87 42,976.48 21,196.68
2012-03-31 96,274.08 42,771.45 19,730.72
  • TOTAL's level of debt (45.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (44.6% vs 45.5% today).
  • Debt is well covered by operating cash flow (46%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 18.1x coverage).
X
Financial health checks
We assess TOTAL'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. TOTAL has a total score of 4/6, 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.

FP Dividends

 What is TOTAL'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
5.15%
Current annual income from TOTAL dividends. Estimated to be 5.5% next year.
If you bought €2,000 of TOTAL shares you are expected to receive €103 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?
  • TOTAL's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.46%).
  • TOTAL's dividend is above the markets top 25% of dividend payers in Austria (5.06%).
Upcoming dividend payment

Purchase TOTAL on or before the 'Buy Limit' 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
WBAG:FP 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 22 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 60 Stocks 5.1%
Austria Market Average Dividend Yield Market Cap Weighted Average of 49 Stocks 3.5%
Austria Minimum Threshold Dividend Yield 10th Percentile 0.9%
Austria Bottom 25% Dividend Yield 25th Percentile 1.5%
Austria Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

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

WBAG:FP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 3.00 3.00
2022-12-31 3.00 3.00
2021-12-31 3.13 14.00
2020-12-31 3.12 22.00
2019-12-31 3.01 21.00
WBAG:FP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-07 2.874 5.114
2018-10-26 2.880 5.304
2018-07-26 2.898 4.741
2018-04-26 2.958 4.863
2018-02-08 3.002 5.252
2017-10-27 2.868 5.252
2017-07-27 2.872 5.573
2017-04-27 2.694 5.463
2017-03-17 2.600 5.117
2017-02-10 2.600 5.152
2016-10-28 2.531 5.288
2016-07-28 2.651 5.674
2016-04-27 2.678 5.699
2016-02-11 2.643 5.952
2015-09-22 2.578 5.800
2015-07-29 2.653 5.810
2015-04-28 2.647 5.353
2015-02-12 2.568 5.171
2014-10-29 2.751 5.465
2014-07-30 3.055 5.071
2014-04-30 3.264 4.703
2014-02-12 3.318 5.166
2013-10-31 3.150 5.418
2013-07-26 3.096 5.571
2013-04-26 3.016 6.148
2013-02-12 3.015 6.248
2012-10-31 2.997 6.059
2012-07-27 2.867 5.979
2012-04-27 2.754 6.471
2012-02-10 2.969 5.729
2011-10-28 2.888 5.911
2011-07-29 3.024 6.702
2011-04-29 3.190 5.782
2011-02-11 3.073 5.350
2010-11-03 2.950 5.621
2010-07-30 2.883 5.898
2010-02-11 2.723 5.672
2009-11-05 3.109 5.282
2009-11-04 3.375 5.443
2009-07-31 3.210 5.650
2009-05-06 3.033 5.781
2009-03-23 2.946 6.090

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of TOTAL's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess TOTAL's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 TOTAL afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TOTAL 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.

FP Management

 What is the CEO of TOTAL'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
Patrick Pouyanné
COMPENSATION $6,002,476
AGE 55
TENURE AS CEO 4.4 years
CEO Bio

Mr. Patrick Pouyanné serves as Chairman and Chief Executive Officer of Total E&P Norge AS. Mr. Pouyanné has been the Chairman of the Board at TOTAL S.A. since December 19, 2015 and as its Chief Executive Officer and President since October 22, 2014. Mr. Pouyanné has been Chief Executive Officer at Total E&P UK Limited since October 22, 2014. Mr. Pouyanné serves as Chief Executive Officer at Total E&P Russie. He served as the President of Refining & Chemicals at Total S.A. from January 2012 to October 22, 2014. Mr. Pouyanné served as the President of Chemicals at Total SA since January 1, 2012. He served as Deputy General Manager of Petrochemicals and Chemicals at Total SA from March 2011 to January 1, 2012. He served as Senior Vice President of Strategy, Business Development, R&D and Exploration & Production for Total SA from January 2006 to March 2011. Mr. Pouyanné served as External Proprietary Director at Compañía Española de Petróleos, S.A.U. since 2010. He served as the Senior Vice-President of Finance, Economics and Information Systems of Total, Exploration and Production Branch since 2002. He served as Chairman and Director of TOTAL RAFFINAGE-CHIMIE until 2014 and TOTAL PETROCHEMICALS & REFINING SA/NV until 2014. He served as the Managing Director of TotalFinaElf E&P Qatar and Total Qatar Oil & Gas. Mr. Pouyanné joined Total Sa Group in 1997 as General Secretary in Angola. Since 1999, he served as Group Representative and General Manager of Elf's E&P subsidiary in Qatar. Since August 2002, he served as Senior Vice President of Finance Economics and Information Systems for Exploration & Production and Member of the E&P Management Committee. He serves as Chairman of the Board of Total E&P UK Limited and has been its Director since May 29, 2015. He has been a Director of Total E&P Joslyn Ltd. since October 31, 2005. He has been a Director of Capgemini SE (a/k/a, Capgemini S.A.) since May 10, 2017. He has been a Director of TOTAL S.A. since May 29, 2015. He served as a Director of Compañía Española de Petróleos, S.A.U. since June 22, 2007. From 1989 to 1996, he held several positions in the French Industry Ministry, then at the Cabinet of the Prime minister and also in ministerial cabinets. He served as technical advisor to the Prime Minister in the fields of the Environment and Industry of Édouard Balladur from 1993 to 1995. He served as Chief of Staff for the Minister for Information and Aerospace Technologies of François Fillon from 1995 to 1996. He has expertise in macroeconomic and geopolitic issues and his experience in managing a leading international energy group, a sector where new technologies play an essential. Mr. Pouyanné is a Graduate of France's Ecole Polytechnique and Ecole des Mines of Paris. He is a Chief Engineer of France’s Corps des Mines.

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

Average tenure and age of the TOTAL management team in years:

4.4
Average Tenure
61
Average Age
  • The tenure for the TOTAL management team is about average.
Management Team

Patrick Pouyanné

TITLE
Chairman
COMPENSATION
$6M
AGE
55
TENURE
4.4 yrs

Patrick de La Chevardière

TITLE
Chief Financial Officer
AGE
61
TENURE
10.8 yrs

Marie-Noëlle Semeria

TITLE
Senior VP & Group CTO
TENURE
1.3 yrs

Michel Hourcard

TITLE
SVP of Development & Ops Techniques - Exploration/Production & SVP of Scientific & Technical Center
TENURE
9.9 yrs

Brendan Warn

TITLE
Senior Vice President of Investor Relations
TENURE
0.2 yrs

Aurélien Hamelle

TITLE
Senior Vice President of Legal

Jacques-Emmanuel Saulnier

TITLE
Senior Vice President of Corporate Communications
TENURE
7.4 yrs

Momar Nguer

TITLE
President of Marketing & Services
AGE
62
TENURE
2.9 yrs

Namita Shah

TITLE
President of People & Social Responsibility
AGE
50
TENURE
2.5 yrs

Jean-Marc Jaubert

TITLE
Senior Vice President of Industrial Safety
AGE
61
TENURE
14.6 yrs
Board of Directors Tenure

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

5
Average Tenure
63
Average Age
  • The tenure for the TOTAL board of directors is about average.
Board of Directors

Jacques Maigné

TITLE
Chairman & CEO of Hutchinson
AGE
63
TENURE
8.2 yrs

Patricia Marie Barbizet

TITLE
Lead Independent Director
COMPENSATION
$110K
AGE
63
TENURE
3.3 yrs

Patrick Pouyanné

TITLE
Chairman
COMPENSATION
$6M
AGE
55
TENURE
3.3 yrs

Marie-Christine Coisne-Roquette

TITLE
Independent Director
COMPENSATION
$147K
AGE
62
TENURE
7.8 yrs

Gérard Lamarche

TITLE
Independent Director
COMPENSATION
$150K
AGE
57
TENURE
7.2 yrs

Patrick Artus

TITLE
Independent Director
COMPENSATION
$121K
AGE
67
TENURE
9.8 yrs

Anne-Marie Idrac

TITLE
Independent Director
COMPENSATION
$84K
AGE
67
TENURE
6.8 yrs

Maria van der Hoeven

TITLE
Independent Director
COMPENSATION
$44K
AGE
69
TENURE
2.8 yrs

Jean Lemierre

TITLE
Independent Director
COMPENSATION
$32K
AGE
68
TENURE
2.8 yrs

Renata Perycz

TITLE
Director
COMPENSATION
$107K
AGE
55
TENURE
2.8 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 TOTAL'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. TOTAL 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.

FP News

Simply Wall St News

FP Company Info

Description

TOTAL S.A. operates as an integrated oil and gas company worldwide. The company operates through four segments: Exploration & Production; Gas, Renewables & Power; Refining & Chemicals; and Marketing & Services. The Exploration & Production segment is involved in exploration and production activities in approximately 50 countries, and produces oil or gas in approximately 30 countries. The Gas, Renewables & Power segment engages in the liquefied natural gas(LNG) production, shipping, trading, and regasification activities; trading of liquefied petroleum gas (LPG), petcoke and sulfur, and natural gas and electricity; transportation of natural gas; electricity production from natural gas, wind, solar, hydroelectric, and biogas sources; and energy storage activities. The Refining & Chemicals segment is involved in refining petrochemicals, including olefins and aromatics; and polymer derivatives, such as polyethylene, polypropylene, polystyrene, and hydrocarbon resins, as well as biomass conversion and elastomer processing. It also engages in trading and shipping crude oil and petroleum products. The Marketing & Services segment produces and sells lubricants; and supplies and markets petroleum products, including bulk fuel, aviation fuel, special fluids, LPG, bitumen, heavy fuels, and marine bunkers. It operates approximately 14,000 service stations. As of December 31, 2018, the company had 12,050 Mboe of combined proved reserves of oil and gas. TOTAL S.A. was founded in 1924 and is headquartered in Courbevoie, France.

Details
Name: TOTAL S.A.
FP
Exchange: WBAG
Founded: 1924
€128,648,481,853
2,602,639,730
Website: http://www.total.com
Address: TOTAL S.A.
2, place Jean Millier,
La Défense 6,
Courbevoie,
Ile-de-France, 92400,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA FP Common Shares Euronext Paris FR EUR 02. Jan 1980
OTCPK TTFN.F Common Shares Pink Sheets LLC US USD 02. Jan 1980
DB TOTB Common Shares Deutsche Boerse AG DE EUR 02. Jan 1980
XTRA TOTB Common Shares XETRA Trading Platform DE EUR 02. Jan 1980
LSE TTA Common Shares London Stock Exchange GB EUR 02. Jan 1980
BIT TOT Common Shares Borsa Italiana IT EUR 02. Jan 1980
WBAG FP Common Shares Wiener Boerse AG AT EUR 02. Jan 1980
BATS-CHIXE FPP Common Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1980
NYSE TOT SPON ADR EA REP 1 ORD SHS New York Stock Exchange US USD 25. Oct 1991
DB TOTA SPON ADR EA REP 1 ORD SHS Deutsche Boerse AG DE EUR 25. Oct 1991
BMV TOT N SPON ADR EA REP 1 ORD SHS Bolsa Mexicana de Valores MX MXN 25. Oct 1991
Number of employees
Current staff
Staff numbers
104,460
TOTAL employees.
Industry
Integrated Oil and Gas
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/22 21:39
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/22
Last earnings filing: 2019/03/20
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.