Société Anonyme Belge de Constructions Aéronautiques engages in the study, design, and manufacture of metal and composite structures, servo-systems, and sub-assemblies for the aerospace, civil aviation, and defense markets in Europe.
Fair value with acceptable track record.
Share Price & News
How has Société Anonyme Belge de Constructions Aéronautiques's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SAB's share price has been volatile over the past 3 months.
7 Day Return
BE Aerospace & Defense
1 Year Return
BE Aerospace & Defense
Return vs Industry: SAB exceeded the Belgian Aerospace & Defense industry which returned 7.6% over the past year.
Return vs Market: SAB exceeded the Belgian Market which returned 2.2% over the past year.
Price Volatility Vs. Market
How volatile is Société Anonyme Belge de Constructions Aéronautiques's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StWe Think Société Anonyme Belge de Constructions Aéronautiques (EBR:SAB) Is Taking Some Risk With Its Debt
3 months ago | Simply Wall StIs Société Anonyme Belge de Constructions Aéronautiques's (EBR:SAB) CEO Paid Enough Relative To Peers?
1 year ago | Simply Wall StDoes Société Anonyme Belge de Constructions Aéronautiques's (EBR:SAB) CEO Pay Compare Well With Peers?
Is Société Anonyme Belge de Constructions Aéronautiques undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SAB (€31.6) is trading above our estimate of fair value (€1.75)
Significantly Below Fair Value: SAB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SAB is good value based on its PE Ratio (12.1x) compared to the Aerospace & Defense industry average (22.9x).
PE vs Market: SAB is good value based on its PE Ratio (12.1x) compared to the Belgian market (16.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SAB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SAB is good value based on its PB Ratio (0.8x) compared to the XE Aerospace & Defense industry average (2.1x).
How is Société Anonyme Belge de Constructions Aéronautiques forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Capital Goods 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 Société Anonyme Belge de Constructions Aéronautiques 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.
- Examine whether Société Anonyme Belge de Constructions Aéronautiques is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Société Anonyme Belge de Constructions Aéronautiques competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
How has Société Anonyme Belge de Constructions Aéronautiques performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SAB has high quality earnings.
Growing Profit Margin: SAB became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: SAB has become profitable over the past 5 years, growing earnings by 40.2% per year.
Accelerating Growth: SAB has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SAB has become profitable in the last year, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (12.4%).
Return on Equity
High ROE: SAB's Return on Equity (7%) is considered low.
How is Société Anonyme Belge de Constructions Aéronautiques's financial position?
Financial Position Analysis
Short Term Liabilities: SAB's short term assets (€228.1M) exceed its short term liabilities (€65.5M).
Long Term Liabilities: SAB's short term assets (€228.1M) exceed its long term liabilities (€179.5M).
Debt to Equity History and Analysis
Debt Level: SAB's debt to equity ratio (155.2%) is considered high.
Reducing Debt: SAB's debt to equity ratio has increased from 73.4% to 155.2% over the past 5 years.
Inventory Level: SAB has a high level of physical assets or inventory.
Debt Coverage by Assets: SAB's debt is covered by short term assets (assets are 1.6x 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: SAB is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: SAB is profitable, therefore cash runway is not a concern.
What is Société Anonyme Belge de Constructions Aéronautiques's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SAB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SAB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SAB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SAB's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: SAB is not paying a notable dividend for the Belgian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SAB's dividend in 3 years as they are not forecast to pay a notable one for the Belgian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Jongen Thibauld (48yo)
Mr. Jongen Thibauld has been the Chief Executive Officer of Société Anonyme Belge de Constructions Aéronautiques since June 01, 2016. After starting his career in 1998 as a Researcher at Unilever Research ...
CEO Compensation Analysis
Compensation vs Market: Jongen's total compensation ($USD356.13K) is about average for companies of similar size in the Belgian market ($USD419.87K).
Compensation vs Earnings: Jongen's compensation has been consistent with company performance over the past year.
|Director||0yrs||no data||no data|
|Director||14.8yrs||no data||no data|
|Chairman of the Board||0yrs||no data||no data|
|Independent Director||9.1yrs||no data||no data|
|Director||0yrs||no data||no data|
|Independent Director||10.5yrs||no data||no data|
|Director||0.8yrs||no data||no data|
|Independent Director||2.7yrs||no data||no data|
|Director||2.4yrs||no data||no data|
Experienced Board: SAB's board of directors are considered experienced (5.9 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Société Anonyme Belge de Constructions Aéronautiques's company bio, employee growth, exchange listings and data sources
- Name: Société Anonyme Belge de Constructions Aéronautiques
- Ticker: SAB
- Exchange: ENXTBR
- Founded: 1920
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Market Cap: €75.840m
- Shares outstanding: 2.40m
- Website: https://www.sabca.be
Number of Employees
- Société Anonyme Belge de Constructions Aéronautiques
- Chaussée de Haecht 1470
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SAB||ENXTBR (Euronext Brussels)||Yes||Bearer Shares||BE||EUR||Jan 1992|
|SABB||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Bearer Shares||GB||EUR||Jan 1992|
Société Anonyme Belge de Constructions Aéronautiques engages in the study, design, and manufacture of metal and composite structures, servo-systems, and sub-assemblies for the aerospace, civil aviation, and defense markets in Europe. It is involved in the pre-design, design, development, production, testing, and after-sales support of large and complex metallic, as well as composite primary and secondary structures for civil and transport aircraft markets. The company’s specialties comprise metallic structures, including pressurized floors and flap support mechanisms; and CFRP skins with integrated stiffeners for flaps and horizontal stabilizers, as well as HTP spars and flap track fairings for its customers. It also produces special systems for business and commercial jets, such as direct drive valve equipping the A320 family and the A340-500/600, or hydraulic devices for the Dassault Falcon jets. In addition, the company designs, develops, produces, and tests various models of the Ariane European space launchers; and produces special interfaces like a quick-release connection for the Ariane 5 ground umbilicals, as well as fairings for the separation rockets. Further, it provides thrust vectoring control systems, including actuators and associated electronic local control loop for space launchers; and various solutions for upgrades of the structure, navigation and weapon avionics, power generation, chaff and flares, other systems integration, heavy maintenance, repairs, and major upgrades for military aircraft and helicopters. The company was founded in 1920 and is based in Brussels, Belgium. Société Anonyme Belge de Constructions Aéronautiques is a subsidiary of Dassault Belgique Aviation S.A.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 20:48|
|End of Day Share Price||2020/02/26 00:00|
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.