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Compagnie d'Entreprises CFE

Market Cap

€2.3b

Last Updated

2021/05/16 19:13 UTC

Data Sources

Company Financials +

Executive Summary

Compagnie d'Entreprises CFE SA operates in dredging, environment, marine engineering, contracting, and real estate sectors. More Details


Snowflake Analysis

Moderate growth potential with imperfect balance sheet.

Share Price & News

How has Compagnie d'Entreprises CFE's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CFEB is not significantly more volatile than the rest of Belgian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CFEB's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

8.7%

CFEB

-1.0%

BE Construction

0.4%

BE Market


1 Year Return

49.9%

CFEB

30.7%

BE Construction

36.4%

BE Market

Return vs Industry: CFEB exceeded the Belgian Construction industry which returned 31.3% over the past year.

Return vs Market: CFEB exceeded the Belgian Market which returned 38.6% over the past year.


Shareholder returns

CFEBIndustryMarket
7 Day8.7%-1.0%0.4%
30 Day8.6%2.9%4.2%
90 Day4.9%9.6%7.3%
1 Year49.9%49.9%36.0%30.7%38.5%36.4%
3 Year-12.5%-15.6%8.9%-1.2%1.3%-3.6%
5 Year21.4%13.3%33.1%13.9%0.1%-9.1%

Long-Term Price Volatility Vs. Market

How volatile is Compagnie d'Entreprises CFE's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Compagnie d'Entreprises CFE undervalued compared to its fair value and its price relative to the market?

36.58x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CFEB (€92.5) is trading above our estimate of fair value (€31.91)

Significantly Below Fair Value: CFEB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CFEB is poor value based on its PE Ratio (36.6x) compared to the European Construction industry average (15.1x).

PE vs Market: CFEB is poor value based on its PE Ratio (36.6x) compared to the Belgian market (19.4x).


Price to Earnings Growth Ratio

PEG Ratio: CFEB is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: CFEB is good value based on its PB Ratio (1.3x) compared to the XE Construction industry average (1.5x).


Future Growth

How is Compagnie d'Entreprises CFE forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

30.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CFEB's forecast earnings growth (30.9% per year) is above the savings rate (1.2%).

Earnings vs Market: CFEB's earnings (30.9% per year) are forecast to grow faster than the Belgian market (14.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CFEB's revenue (4.4% per year) is forecast to grow slower than the Belgian market (4.6% per year).

High Growth Revenue: CFEB's revenue (4.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CFEB's Return on Equity is forecast to be low in 3 years time (8.9%).


Past Performance

How has Compagnie d'Entreprises CFE performed over the past 5 years?

-8.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CFEB has a large one-off gain of €81.4M impacting its December 31 2020 financial results.

Growing Profit Margin: CFEB's current net profit margins (2%) are lower than last year (3.7%).


Past Earnings Growth Analysis

Earnings Trend: CFEB's earnings have declined by 8.8% per year over the past 5 years.

Accelerating Growth: CFEB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CFEB had negative earnings growth (-52%) over the past year, making it difficult to compare to the Construction industry average (0.9%).


Return on Equity

High ROE: CFEB's Return on Equity (3.6%) is considered low.


Financial Health

How is Compagnie d'Entreprises CFE's financial position?


Financial Position Analysis

Short Term Liabilities: CFEB's short term assets (€1.9B) do not cover its short term liabilities (€2.2B).

Long Term Liabilities: CFEB's short term assets (€1.9B) exceed its long term liabilities (€1.2B).


Debt to Equity History and Analysis

Debt Level: CFEB's debt to equity ratio (69.9%) is considered high.

Reducing Debt: CFEB's debt to equity ratio has increased from 52% to 69.9% over the past 5 years.

Debt Coverage: CFEB's debt is well covered by operating cash flow (33.2%).

Interest Coverage: CFEB's interest payments on its debt are not well covered by EBIT (0.5x coverage).


Balance Sheet


Dividend

What is Compagnie d'Entreprises CFE current dividend yield, its reliability and sustainability?

1.08%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 17 2021Ex Dividend DateMay 21 2021Dividend Pay DateMay 25 20214 days from Ex DividendBuy in the next 4 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: CFEB's dividend (1.08%) isn’t notable compared to the bottom 25% of dividend payers in the Belgian market (1.73%).

High Dividend: CFEB's dividend (1.08%) is low compared to the top 25% of dividend payers in the Belgian market (4.44%).


Stability and Growth of Payments

Stable Dividend: CFEB's dividend payments have been volatile in the past 10 years.

Growing Dividend: CFEB's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (39.5%), CFEB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CFEB's dividends in 3 years are forecast to be well covered by earnings (32.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.4yrs

Average board tenure


CEO

Piet Dejonghe (54 yo)

2.75yrs

Tenure

€405,000

Compensation

Mr. Piet Dejonghe has been the Managing Director of Compagnie d' Entreprises CFE SA since January 15, 2015. He serves as a Director at Delen Private Bank Luxembourg SA. Mr. Dejonghe served as Consultant at...


CEO Compensation Analysis

Compensation vs Market: Piet's total compensation ($USD491.56K) is below average for companies of similar size in the Belgian market ($USD891.07K).

Compensation vs Earnings: Piet's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Members

Experienced Board: CFEB's board of directors are considered experienced (7.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Compagnie d'Entreprises CFE SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Compagnie d'Entreprises CFE SA
  • Ticker: CFEB
  • Exchange: ENXTBR
  • Founded: 1880
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: €2.342b
  • Shares outstanding: 25.31m
  • Website: https://www.cfe.be

Number of Employees


Location

  • Compagnie d'Entreprises CFE SA
  • avenue Herrmann-Debroux 42
  • Brussels
  • Brussels
  • 1160
  • Belgium

Listings


Biography

Compagnie d'Entreprises CFE SA operates in dredging, environment, marine engineering, contracting, and real estate sectors. Its Dredging, Environment, Offshore and Infra (DEME) segment is involved in the d...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/16 19:13
End of Day Share Price2021/05/14 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.