DB:EF3

Stock Analysis Report

Executive Summary

Eiffage SA engages in the construction, infrastructure, energy systems, and concessions businesses in France and internationally.

Snowflake

Fundamentals

Established dividend payer and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

3.8%

DB:EF3

3.5%

DE Construction

0.8%

DE Market


1 Year Return

-6.6%

DB:EF3

-27.9%

DE Construction

-10.9%

DE Market

EF3 outperformed the Construction industry which returned -28.5% over the past year.

EF3 outperformed the Market in Germany which returned -9.7% over the past year.


Share holder returns

EF3IndustryMarket
7 Day3.8%3.5%0.8%
30 Day-1.8%-4.9%-5.9%
90 Day0.9%-11.7%-2.9%
1 Year-4.0%-6.6%-24.9%-27.9%-8.1%-10.9%
3 Year39.1%30.2%-11.5%-18.1%10.4%0.9%
5 Year105.3%83.7%80.2%60.1%25.4%8.0%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Eiffage undervalued based on future cash flows and its price relative to the stock market?

43%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Eiffage's share price is below the future cash flow value, and at a moderate discount (> 20%).

Eiffage's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Eiffage is overvalued based on earnings compared to the Europe Construction industry average.

Eiffage is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

Eiffage is poor value based on expected growth next year.


Price Based on Value of Assets

Eiffage is overvalued based on assets compared to the Europe Construction industry average.


Next Steps

Future Growth

How is Eiffage expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

8.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Eiffage's revenue is expected to grow by 2.5% yearly, however this is not considered high growth (20% yearly).

Eiffage's earnings are expected to grow by 8.7% yearly, however this is not considered high growth (20% yearly).

Eiffage's revenue growth is positive but not above the Germany market average.

Eiffage's earnings growth is positive but not above the Germany market average.

Eiffage's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Eiffage is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Eiffage performed over the past 5 years?

20.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Eiffage has delivered over 20% year on year earnings growth in the past 5 years.

Eiffage's 1-year earnings growth is less than its 5-year average (14.8% vs 20.7%)

Eiffage's earnings growth has exceeded the Europe Construction industry average in the past year (14.8% vs 8.5%).


Return on Equity

Eiffage has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Eiffage used its assets less efficiently than the Europe Construction industry average last year based on Return on Assets.


Return on Capital Employed

Eiffage has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Eiffage's financial position?


Financial Position Analysis

Eiffage's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Eiffage's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Eiffage's level of debt (249.1%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (563.1% vs 249.1% today).

Debt is not well covered by operating cash flow (11.4%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 5x coverage).


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.8x debt.


Next Steps

Dividend

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

3.19%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Eiffage's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.48%).

Eiffage's dividend is below the markets top 25% of dividend payers in Germany (4.18%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.7x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.7x coverage).


Next Steps

Management

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

3.6yrs

Average management tenure


CEO

Benoit de Ruffray (53yo)

3.6yrs

Tenure

€3,832,200

Compensation

Mr. Benoit de Ruffray has been the Chairman and Chief Executive Officer of Eiffage SA since January 18, 2016. Mr. de Ruffray served as Chief Executive Officer of Soletanche Freyssinet SAS at VINCI SA from  ...


CEO Compensation Analysis

Benoit's remuneration is about average for companies of similar size in Germany.

Benoit's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.6yrs

Average Tenure

54yo

Average Age

The tenure for the Eiffage management team is about average.


Board Age and Tenure

4.8yrs

Average Tenure

64yo

Average Age

The tenure for the Eiffage board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • J. Nourry (61yo)

    Chairman of Motorway Concessions in France

    • Tenure: 0.0yrs
  • Benoit de Ruffray (53yo)

    Chairman & CEO

    • Tenure: 3.6yrs
    • Compensation: €3.83m
  • Christian Cassayre (54yo)

    Chief Financial Officer

    • Tenure: 8.1yrs
  • Olivier Genis

    Chairman of the Construction Division

    • Tenure: 2.6yrs
  • Laurent Girou

    Managing Director at Eiffage Route

    • Tenure: 0.0yrs
  • Valérie David

    Head of Sustainable Development & Transversal Innovation

    • Tenure: 0.0yrs
  • Claudine Font

    Head of Social & Human Development

    • Tenure: 0.0yrs
  • Erick Lemonnier

    Head of Risk Prevention - Eiffage Infrastructures

    • Tenure: 0.0yrs
  • Patrick Colin

    Head of Quality

    • Tenure: 0.0yrs
  • Xavier Julien

    Head of Risk Prevention - Eiffage Construction

    • Tenure: 0.0yrs

Board Members

  • Bruno Flichy (81yo)

    Non-Independent Director

    • Tenure: 2.3yrs
    • Compensation: €75.00k
  • Jean-François Roverato (75yo)

    Vice-Chairman & Senior Director

    • Tenure: 3.6yrs
    • Compensation: €290.00k
  • Dominique Marcel (64yo)

    Independent Director

    • Tenure: 11.2yrs
    • Compensation: €45.00k
  • Benoit de Ruffray (53yo)

    Chairman & CEO

    • Tenure: 3.6yrs
    • Compensation: €3.83m
  • Thérèse Cornil (76yo)

    Independent Director

    • Tenure: 8.5yrs
    • Compensation: €60.00k
  • Jean Guénard (72yo)

    Independent Director

    • Tenure: 7.9yrs
    • Compensation: €60.00k
  • Carol Xueref (64yo)

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: €54.00k
  • Laurent Dupont (54yo)

    Director

    • Tenure: 7.3yrs
    • Compensation: €60.00k
  • Guillaume Sauvé (47yo)

    Chairman of Eiffage Génie Civil & Chairman of Eiffage Métal

    • Tenure: 0.6yrs
  • Isabelle Salaün (58yo)

    Independent Director

    • Tenure: 4.3yrs
    • Compensation: €60.00k

Company Information

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


Key Information

  • Name: Eiffage SA
  • Ticker: EF3
  • Exchange: DB
  • Founded: 1920
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: €9.092b
  • Shares outstanding: 99.04m
  • Website: https://www.eiffage.com

Number of Employees


Location

  • Eiffage SA
  • 3-7, place de l’Europe
  • Vélizy-Villacoublay
  • Ile-de-France
  • 78140
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FGRENXTPA (Euronext Paris)YesOrdinary SharesFREURJan 1992
EF3DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
0NPTLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
EFGS.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
FGRPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
EFGS.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008

Biography

Eiffage SA engages in the construction, infrastructure, energy systems, and concessions businesses in France and internationally. The company’s Construction segment offers urban development, building desig ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 21:03
End of Day Share Price2019/08/19 00:00
Earnings2018/12/31
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.