ENXTBR:DEXB

Stock Analysis Report

Executive Summary

Dexia SA does not have significant operations.

Snowflake

Fundamentals

Mediocre balance sheet and overvalued.


Similar Companies

Share Price & News

How has Dexia's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-12.3%

DEXB

5.1%

BE Banks

1.5%

BE Market


1 Year Return

-54.7%

DEXB

-3.9%

BE Banks

7.4%

BE Market

Return vs Industry: DEXB underperformed the Belgian Banks industry which returned -3.9% over the past year.

Return vs Market: DEXB underperformed the Belgian Market which returned 7.4% over the past year.


Shareholder returns

DEXBIndustryMarket
7 Day-12.3%5.1%1.5%
30 Day26.9%3.4%-0.6%
90 Day-49.1%-0.09%2.5%
1 Year-54.7%-54.7%1.5%-3.9%10.0%7.4%
3 Year-84.6%-84.6%11.0%-5.7%-5.6%-12.2%
5 Year-93.0%-93.0%-12.1%-33.4%27.2%11.6%

Price Volatility Vs. Market

How volatile is Dexia's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Dexia undervalued compared to its fair value and its price relative to the market?

0.11x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate DEXB's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate DEXB's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: DEXB is unprofitable, so we can't compare its PE Ratio to the Banks industry average.

PE vs Market: DEXB is unprofitable, so we can't compare its PE Ratio to the Belgian market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate DEXB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DEXB is good value based on its PB Ratio (0.1x) compared to the XE Banks industry average (0.7x).


Next Steps

Future Growth

How is Dexia forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.1%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Dexia has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Dexia performed over the past 5 years?

-0.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: DEXB is unprofitable, and losses have increased over the past 5 years at a rate of -0.8% per year.

Accelerating Growth: Unable to compare DEXB's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: DEXB is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (6%).


Return on Equity

High ROE: DEXB has a negative Return on Equity (-7.21%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: DEXB is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: DEXB is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Dexia's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: DEXB has a low level of unsold assets or inventory.

Debt Coverage by Assets: DEXB's debt is not covered by short term assets (assets are 0.2x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: DEXB has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: DEXB has sufficient cash runway for 2.449425 years if free cash flow continues to reduce at historical rates of -16.3% each year.


Financial Institutions Analysis

Asset Level: DEXB's level of assets compared to its equity is moderate.

Allowance for Bad Loans: DEXB has a low allowance for bad loans.

Low Risk Liabilities: DEXB's liabilities are made up of primarily higher risk sources of funding.

Loan Level: DEXB has an acceptable proportion of non-loan assets held.

Low Risk Deposits: DEXB has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: DEXB has an appropriate level of bad loans (1.96%)


Next Steps

Dividend

What is Dexia's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.1%markettop25%4.4%industryaverage6.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate DEXB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate DEXB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if DEXB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DEXB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: DEXB is not paying a notable dividend for the Belgian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DEXB's dividend in 3 years as they are not forecast to pay a notable one for the Belgian market.


Next Steps

Management

What is the CEO of Dexia's salary, the management and board of directors tenure and is there insider trading?

2.8yrs

Average management tenure


CEO

Wouter J. M. Devriendt (52yo)

3.4yrs

Tenure

€670,230

Compensation

Mr. Wouter J. M. O. Devriendt has been the Chairman of Management Board and Chief Executive Officer at Dexia SA since May 18, 2016. Mr. Devriendt has been Chairman of Management Board at Dexia Crédit Local ...


CEO Compensation Analysis

Compensation vs. Market: Wouter J. M.'s total compensation ($USD745.45K) is about average for companies of similar size in the Belgian market ($USD596.09K).

Compensation vs Earnings: Wouter J. M.'s compensation has been consistent with company performance over the past year.


Management Age and Tenure

2.8yrs

Average Tenure

57.5yo

Average Age

Experienced Management: DEXB's management team is considered experienced (2.8 years average tenure).


Board Age and Tenure

3.4yrs

Average Tenure

52yo

Average Age

Experienced Board: DEXB's board of directors are considered experienced (3.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Françoise Lefebvre

    Head of External Communication Team

    • Tenure: 0yrs
  • Thierry Nederlandt

    Group Financial Controller

    • Tenure: 5.6yrs
  • Véronique Marie Hugues (49yo)

    CFO, Member of Management Board & Executive Director

    • Tenure: 3.3yrs
  • Benoît Debroise (59yo)

    Head of Funding & Markets and Member of the Management Board

    • Tenure: 0yrs
    • Compensation: €302.45k
  • Wouter J. M. Devriendt (52yo)

    Chairman of the Management Board

    • Tenure: 3.4yrs
    • Compensation: €670.23k
  • Guy Cools (56yo)

    Head of Assets & Member of the Management Board

    • Tenure: 2.8yrs
  • Prakash Advani

    Head of Group Strategy & Structuring

    • Tenure: 2.8yrs
  • Philippe Hesbert

    Project Manager (DFA & EMIR)

    • Tenure: 0yrs
  • Giovanni Albanese (60yo)

    Chief Risk Officer

    • Tenure: 1yrs
  • Patrick Renouvin (60yo)

    COO & Member of Management Board

    • Tenure: 0.4yrs

Board Members

  • Rembert Von Lowis (65yo)

    Director of Financial Security Assurance (FSA) & Vice-chair of Supervisory Board-Dexia Crédit Local

    • Tenure: 0yrs
    • Compensation: €500.00k
  • Gilles Denoyel (65yo)

    Independent Chairman of the Board

    • Tenure: 1.4yrs
    • Compensation: €156.25k
  • Véronique Marie Hugues (49yo)

    CFO, Member of Management Board & Executive Director

    • Tenure: 3.3yrs
  • Koen Van Loo (47yo)

    Non Executive Director

    • Tenure: 11yrs
    • Compensation: €60.50k
  • Wouter J. M. Devriendt (52yo)

    Chairman of the Management Board

    • Tenure: 3.4yrs
    • Compensation: €670.23k
  • Alexandra Serizay (42yo)

    Independent Director

    • Tenure: 3yrs
    • Compensation: €66.50k
  • Bart Bronselaer (52yo)

    Independent Director

    • Tenure: 6.8yrs
    • Compensation: €73.50k
  • Alexandre De Geest (48yo)

    Non Executive Director

    • Tenure: 6.8yrs
    • Compensation: €69.00k
  • Michel Tison (52yo)

    Independent Director

    • Tenure: 3.4yrs
    • Compensation: €75.00k
  • Giovanni Albanese (60yo)

    Chief Risk Officer

    • Tenure: 1yrs

Company Information

Dexia SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dexia SA
  • Ticker: DEXB
  • Exchange: ENXTBR
  • Founded: 1996
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €821.362m
  • Shares outstanding: 420.13m
  • Website: https://www.dexia.com

Number of Employees


Location

  • Dexia SA
  • Bastion Tower
  • Place du Champ de Mars, 5
  • Brussels
  • Brussels
  • 1050
  • Belgium

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DXBADB (Deutsche Boerse AG)YesBearer SharesDEEURNov 1996
DEXBENXTBR (Euronext Brussels)YesBearer SharesBEEURNov 1996
0REXLSE (London Stock Exchange)YesBearer SharesGBEURNov 1996
DEXBBBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURNov 1996
DXBG.YOTCPK (Pink Sheets LLC)ADR NEWUSUSDOct 2008

Biography

Dexia SA does not have significant operations. Previously, the company provided banking and other financial services to governments and local authorities in approximately 30 countries. It focuses on managi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 20:47
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.