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Fluxys Belgium

ENXTBR:FLUX
Snowflake Description

Questionable track record unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FLUX
ENXTBR
€2B
Market Cap
  1. Home
  2. BE
  3. Energy
Company description

Fluxys Belgium SA operates natural gas transmission grid and storage infrastructure in Belgium. The last earnings update was 175 days ago. More info.


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FLUX Share Price and Events
7 Day Returns
-0.4%
ENXTBR:FLUX
2.8%
Europe Oil and Gas
3%
BE Market
1 Year Returns
0%
ENXTBR:FLUX
14.5%
Europe Oil and Gas
-11.7%
BE Market
FLUX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fluxys Belgium (FLUX) -0.4% -0.7% 6.9% 0% -1.7% -11.7%
Europe Oil and Gas 2.8% 1.8% 8.7% 14.5% 36.3% 14.8%
BE Market 3% 5.7% 14.4% -11.7% -11.7% 10.5%
1 Year Return vs Industry and Market
  • FLUX underperformed the Oil and Gas industry which returned 14.5% over the past year.
  • FLUX outperformed the Market in Belgium which returned -11.7% over the past year.
Price Volatility
FLUX
Industry
5yr Volatility vs Market
Related Companies

FLUX Value

 Is Fluxys Belgium 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 Fluxys Belgium 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 Fluxys Belgium.

ENXTBR:FLUX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10.4%
Perpetual Growth Rate 10-Year BE Government Bond Rate 0.8%

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 ENXTBR:FLUX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year BE Govt Bond Rate 0.8%
Equity Risk Premium S&P Global 6.8%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.942 (1 + (1- 29%) (101.43%))
1.416
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.42
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.77% + (1.416 * 6.8%)
10.4%

Discounted Cash Flow Calculation for ENXTBR:FLUX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Fluxys Belgium 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.

ENXTBR:FLUX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 10.4%)
2019 86.02 Est @ -7.94% 77.92
2020 81.44 Est @ -5.32% 66.82
2021 78.59 Est @ -3.5% 58.41
2022 76.85 Est @ -2.22% 51.74
2023 75.83 Est @ -1.32% 46.24
2024 75.31 Est @ -0.69% 41.60
2025 75.12 Est @ -0.25% 37.59
2026 75.16 Est @ 0.05% 34.06
2027 75.36 Est @ 0.27% 30.94
2028 75.67 Est @ 0.42% 28.14
Present value of next 10 years cash flows €473.45
ENXTBR:FLUX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €75.67 × (1 + 0.77%) ÷ (10.4% – 0.77%)
€792.04
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €792.04 ÷ (1 + 10.4%)10
€294.54
ENXTBR:FLUX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €473.45 + €294.54
€767.99
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €767.99 / 70.26
€10.93
ENXTBR:FLUX Discount to Share Price
Calculation Result
Value per share (EUR) From above. €10.93
Current discount Discount to share price of €26.50
= -1 x (€26.50 - €10.93) / €10.93
-142.4%

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

  • The current share price of Fluxys Belgium 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 Fluxys Belgium's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fluxys Belgium's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTBR:FLUX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in EUR €1.02
ENXTBR:FLUX Share Price ** ENXTBR (2019-03-20) in EUR €26.5
Europe Oil and Gas Industry PE Ratio Median Figure of 90 Publicly-Listed Oil and Gas Companies 11.12x
Belgium Market PE Ratio Median Figure of 88 Publicly-Listed Companies 15.71x

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

** Primary Listing of Fluxys Belgium.

ENXTBR:FLUX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 26.5 ÷ 1.02

25.94x

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

  • Fluxys Belgium is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Fluxys Belgium is overvalued based on earnings compared to the Belgium market.
Price based on expected Growth
Does Fluxys Belgium's expected growth come at a high price?
Raw Data
ENXTBR:FLUX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
4.7%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 60 Publicly-Listed Oil and Gas Companies 0.85x
Belgium Market PEG Ratio Median Figure of 46 Publicly-Listed Companies 1.28x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Fluxys Belgium, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Fluxys Belgium's assets?
Raw Data
ENXTBR:FLUX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in EUR €9.49
ENXTBR:FLUX Share Price * ENXTBR (2019-03-20) in EUR €26.5
Europe Oil and Gas Industry PB Ratio Median Figure of 185 Publicly-Listed Oil and Gas Companies 0.86x
Belgium Market PB Ratio Median Figure of 119 Publicly-Listed Companies 1.47x
ENXTBR:FLUX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 26.5 ÷ 9.49

2.79x

* Primary Listing of Fluxys Belgium.

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

  • Fluxys Belgium is overvalued based on assets compared to the Europe Oil and Gas industry average.
X
Value checks
We assess Fluxys Belgium'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. Fluxys Belgium 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.

FLUX Future Performance

 How is Fluxys Belgium expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Fluxys Belgium, future earnings growth has been estimated based on fundamentals.
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
4.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fluxys Belgium expected to grow at an attractive rate?
  • Fluxys Belgium's earnings growth is expected to exceed the low risk savings rate of 0.8%.
Growth vs Market Checks
  • Fluxys Belgium's earnings growth is positive but not above the Belgium market average.
  • Unable to compare Fluxys Belgium's revenue growth to the Belgium market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ENXTBR:FLUX Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTBR:FLUX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 4.7%
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%
Belgium Market Earnings Growth Rate Market Cap Weighted Average 16.4%
Belgium 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
ENXTBR:FLUX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTBR:FLUX Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
ENXTBR:FLUX Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-06-30 604 237 72
2018-03-31 590 229 71
2017-12-31 577 220 70
2017-09-30 576 231 61
2017-06-30 576 242 52
2017-03-31 566 240 50
2016-12-31 557 239 48
2016-09-30 559 227 51
2016-06-30 562 214 54
2016-03-31 578 226 57
2015-12-31 593 237 61
2015-09-30 596 268 61

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fluxys Belgium's earnings are expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Fluxys Belgium is high growth as no revenue estimate data is available.
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
ENXTBR:FLUX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Fluxys Belgium Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTBR:FLUX Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
ENXTBR:FLUX Past Financials Data
Date (Data in EUR Millions) EPS *
2018-06-30 1.02
2018-03-31 1.01
2017-12-31 1.00
2017-09-30 0.87
2017-06-30 0.74
2017-03-31 0.71
2016-12-31 0.69
2016-09-30 0.73
2016-06-30 0.77
2016-03-31 0.82
2015-12-31 0.87
2015-09-30 0.87

*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.
  • Unable to establish if Fluxys Belgium will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Fluxys Belgium'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.
Fluxys Belgium has a total score of 1/6, 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.

FLUX Past Performance

  How has Fluxys Belgium 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 Fluxys Belgium'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.
  • Fluxys Belgium's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Fluxys Belgium's 1-year earnings growth exceeds its 5-year average (38.8% vs -2.3%)
  • Fluxys Belgium's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (38.8% vs 24.4%).
Earnings and Revenue History
Fluxys Belgium'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 Fluxys Belgium Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTBR:FLUX Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 604.13 71.78 129.48
2018-03-31 590.37 71.05 129.21
2017-12-31 576.62 70.32 128.94
2017-09-30 576.08 61.01 132.35
2017-06-30 575.53 51.70 135.77
2017-03-31 566.13 50.09 136.18
2016-12-31 556.74 48.48 136.59
2016-09-30 559.37 51.16 137.32
2016-06-30 562.00 53.83 138.06
2016-03-31 577.56 57.46 138.61
2015-12-31 593.11 61.10 139.15
2015-09-30 595.94 60.89 131.67
2015-06-30 598.78 60.69 124.18
2015-03-31 597.06 60.56 126.88
2014-12-31 595.35 60.44 129.58
2014-09-30 597.76 63.10 125.11
2014-06-30 600.17 65.75 120.64
2014-03-31 610.12 67.19 122.99
2013-12-31 620.07 68.62 125.34
2013-09-30 625.41 70.33 127.91
2013-06-30 630.75 72.04 130.47
2013-03-31 628.53 80.24 127.92
2012-12-31 626.31 88.45 125.37
2012-09-30 664.51 98.85 127.86
2012-06-30 702.71 109.25 130.36
2012-03-31 706.28 115.66 128.02

*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.
  • Fluxys Belgium has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fluxys Belgium used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Fluxys Belgium's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fluxys Belgium'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.
Fluxys Belgium has a total score of 2/6, 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.

FLUX Health

 How is Fluxys Belgium'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 Fluxys Belgium's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fluxys Belgium is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fluxys Belgium's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Fluxys Belgium'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 not covered by short term assets, assets are 0.3x 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 Fluxys Belgium Company Filings, last reported 8 months ago.

ENXTBR:FLUX Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 667.01 1,888.58 431.45
2018-03-31 667.01 1,888.58 431.45
2017-12-31 713.80 2,219.83 735.73
2017-09-30 713.80 2,219.83 735.73
2017-06-30 638.44 1,868.36 392.95
2017-03-31 638.44 1,868.36 392.95
2016-12-31 694.35 1,844.50 392.94
2016-09-30 694.35 1,844.50 392.94
2016-06-30 656.64 1,874.35 377.82
2016-03-31 656.64 1,874.35 377.82
2015-12-31 736.22 1,852.26 423.55
2015-09-30 736.22 1,852.26 423.55
2015-06-30 704.03 2,009.16 660.95
2015-03-31 704.03 2,009.16 660.95
2014-12-31 749.50 1,956.22 652.21
2014-09-30 749.50 1,956.22 652.21
2014-06-30 718.01 1,642.68 321.30
2014-03-31 718.01 1,642.68 321.30
2013-12-31 790.85 1,588.21 241.16
2013-09-30 790.85 1,588.21 241.16
2013-06-30 746.33 1,597.65 265.33
2013-03-31 746.33 1,597.65 265.33
2012-12-31 828.06 1,550.21 262.02
2012-09-30 828.06 1,550.21 262.02
2012-06-30 781.07 1,568.22 280.69
2012-03-31 781.07 1,568.22 280.69
  • Fluxys Belgium's level of debt (283.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (213.9% vs 283.1% today).
  • Debt is not well covered by operating cash flow (12.5%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Fluxys Belgium'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. Fluxys Belgium has a total score of 1/6, 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.

FLUX Dividends

 What is Fluxys Belgium'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
4.64%
Current annual income from Fluxys Belgium dividends.
If you bought €2,000 of Fluxys Belgium shares you are expected to receive €93 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?
  • Fluxys Belgium's pays a higher dividend yield than the bottom 25% of dividend payers in Belgium (2.06%).
  • Fluxys Belgium's dividend is below the markets top 25% of dividend payers in Belgium (4.87%).
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
ENXTBR:FLUX 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 0 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 60 Stocks 5%
Belgium Market Average Dividend Yield Market Cap Weighted Average of 77 Stocks 3.2%
Belgium Minimum Threshold Dividend Yield 10th Percentile 1.3%
Belgium Bottom 25% Dividend Yield 25th Percentile 2.1%
Belgium Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

ENXTBR:FLUX Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
ENXTBR:FLUX Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-04-06 1.230 4.697
2018-03-28 1.230 4.628
2017-04-07 1.200 4.613
2016-04-11 1.200 4.450
2016-03-30 1.200 4.362
2015-04-10 1.200 4.648
2015-03-25 1.200 4.384
2014-03-19 1.320 4.770
2013-03-20 1.600 5.325
2012-04-02 2.880 8.891
2012-03-30 2.880 8.774
2012-03-15 2.880 8.641
2011-03-17 2.200 7.969
2011-03-16 2.200 9.270
2010-03-11 0.700 3.025
2010-03-10 0.525 2.305
2009-03-24 0.700 3.076

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 increased over the past 10 years.
Current Payout to shareholders
What portion of Fluxys Belgium's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Fluxys Belgium's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Fluxys Belgium afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fluxys Belgium has a total score of 2/6, see the detailed checks below.


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

FLUX Management

 What is the CEO of Fluxys Belgium'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
Pascal De Buck
COMPENSATION €450,921
TENURE AS CEO 4.2 years
CEO Bio

Mr. Pascal De Buck serves as Deputy Chief Executive Officer and Director of Business Development & Strategy at Fluxys SA. Mr. De Buck has been the Chairman of the Executive Board and Chief Executive Officer of Fluxys Belgium SA since January 1, 2015. Mr. De Buck served as General Director of Commercial at Fluxys Belgium SA. Mr. De Buck served as Deputy Commercial Director of Fluxys Belgium SA since July 13, 2004 and its Commercial Director. Mr. De Buck served as Head for Legal Department of Eni Gas & Power NV (alternate name: Distrigas S.A.) and also served as its Acting Secretary since January 1, 2001. He serves as the Chairman of the Board of Swedegas AB and has been its Director since October 13, 2016. He serves as Director at Fluxys TENP GmbH.

CEO Compensation
  • Insufficient data for Pascal to compare compensation growth.
  • Pascal's remuneration is about average for companies of similar size in Belgium.
Management Team

Pascal De Buck

TITLE
Chairman of Executive Board & CEO
COMPENSATION
€451K
TENURE
4.2 yrs

Paul Tummers

TITLE
CFO & Member of Executive Board

Peter K. Verhaeghe

TITLE
CTO & Member of Executive Board
AGE
60

Arnu Büx

TITLE
Chief Commercial Officer & Member of the Executive Board
AGE
51
TENURE
3.1 yrs

Nicolas Daubies

TITLE
Company Secretary & Legal Manager

Anne Schueren

TITLE
Director of Human Resources
Board of Directors Tenure

Average tenure and age of the Fluxys Belgium board of directors in years:

9.8
Average Tenure
68.5
Average Age
  • The tenure for the Fluxys Belgium board of directors is about average.
Board of Directors

Daniel Termont

TITLE
Chairman

Claude Grégoire

TITLE
Vice-Chairman of the Board
AGE
64

Christian Viaene

TITLE
Director
TENURE
14 yrs

Monique Lievens

TITLE
Independent Director
TENURE
11.8 yrs

Ludo Kelchtermans

TITLE
Director
TENURE
6.8 yrs

Luc Hujoel

TITLE
Director
AGE
67
TENURE
9.8 yrs

Walter Nonneman

TITLE
Independent Director
AGE
70
TENURE
9.8 yrs

Josly Piette

TITLE
Director
AGE
74
TENURE
9.8 yrs

Luc Zabeau

TITLE
Director
TENURE
9.8 yrs

Marianne Basecq

TITLE
Independent Director
TENURE
11.8 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 Fluxys Belgium'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. Fluxys Belgium 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.

FLUX News

Simply Wall St News

Does Fluxys Belgium SA (EBR:FLUX) Create Value For Shareholders?

Fluxys Belgium has a ROE of 11%, based on the last twelve months. … That means that for every €1 worth of shareholders' equity, it generated €0.11 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Fluxys Belgium SA's (EBR:FLUX) High P/E Ratio A Problem For Investors?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … Fluxys Belgium has a price to earnings ratio of 25.45, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

How Do Fluxys Belgium SA’s (EBR:FLUX) Returns Compare To Its Industry?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Is Fluxys Belgium SA's (EBR:FLUX) CEO Salary Justified?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Pascal De Buck's Compensation Compare With Similar Sized Companies. … Our data indicates that Fluxys Belgium SA is worth €1.8b, and total annual CEO compensation is €451k.

Simply Wall St -

How Does Fluxys Belgium SA (EBR:FLUX) Fare As A Dividend Stock?

Historically, Fluxys Belgium SA (EBR:FLUX) has been paying a dividend to shareholders. … Does Fluxys Belgium tick all the boxes of a great dividend stock? … View our latest analysis for Fluxys Belgium

Simply Wall St -

With A Return On Equity Of 11%, Has Fluxys Belgium SA's (EBR:FLUX) Management Done Well?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand Fluxys Belgium SA (EBR:FLUX). … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Should You Buy Fluxys Belgium SA (EBR:FLUX) For Its 4.6% Dividend?

Historically, Fluxys Belgium SA (EBR:FLUX) has been paying a dividend to shareholders. … Let's dig deeper into whether Fluxys Belgium should have a place in your portfolio. … Check out our latest analysis for Fluxys Belgium

Simply Wall St -

What You Must Know About Fluxys Belgium SA's (EBR:FLUX) Return on Equity

and looking to gauge the potential return on investment in Fluxys Belgium SA (EBR:FLUX). … Fluxys Belgium SA (EBR:FLUX) performed in line with its oil and gas storage and transportation industry on the basis of its ROE – producing a return of 9.85% relative to the peer average of 10.55% over the past 12 months. … But what is more interesting is whether FLUX can sustain or improve on this level of return

Simply Wall St -

Who Are The Largest Shareholders In Fluxys Belgium SA (EBR:FLUX)?

This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: With a low level of institutional ownership, investors in FLUX need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

Simply Wall St -

Did Fluxys Belgium SA (EBR:FLUX) Create Value For Investors Over The Past Year?

View our latest analysis for Fluxys Belgium Breaking down ROE — the mother of all ratios Return on Equity (ROE) weighs Fluxys Belgium’s profit against the level of its shareholders’ equity. … For now, let’s just look at the cost of equity number for Fluxys Belgium, which is 13.24%. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity ENXTBR:FLUX Last Perf May 7th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

Simply Wall St -

FLUX Company Info

Description

Fluxys Belgium SA operates natural gas transmission grid and storage infrastructure in Belgium. The company sells capacity to its customers to transmit natural gas for distribution system operators, power stations, and industrial end-users in Belgium, as well as moves natural gas to a border point for transmission to other end-user markets in Europe. It also provides a package of gas trading services that allow its customers to buy and sell gas on Belgian gas trading places; and storage services enabling customers to use buffer capacity. The company, through Zeebrugge terminal, sells capacity for loading and unloading liquefied natural gas (LNG) carriers, storing LNG, and regasifying it for transmission on the network. In addition, it is involved in the reinsurance business. The company was formerly known as Fluxys SA. The company is headquartered in Brussels, Belgium. Fluxys Belgium SA is a subsidiary of Fluxys NV.

Details
Name: Fluxys Belgium SA
FLUX
Exchange: ENXTBR
Founded:
€1,861,982,776
70,263,501
Website: http://www.fluxys.com/belgium
Address: Fluxys Belgium SA
Avenue des Arts 31,
Brussels,
Brussels, 1040,
Belgium
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTBR FLUX Bearer Shares Euronext Brussels BE EUR 13. Dec 2001
LSE 0Q7U Bearer Shares London Stock Exchange GB EUR 13. Dec 2001
BATS-CHIXE FLUXB Bearer Shares BATS 'Chi-X Europe' GB EUR 13. Dec 2001
Number of employees
Current staff
Staff numbers
878
Fluxys Belgium employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 20:50
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2018/04/06
Last earnings filing: 2018/09/26
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.