DB:SCB

Stock Analysis Report

Executive Summary

Séché Environnement SA engages in the recovery and treatment of waste products for industrial customers and public authorities in France and internationally.


Snowflake Analysis

Proven track record and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SCB's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

9.3%

SCB

7.1%

DE Commercial Services

9.1%

DE Market


1 Year Return

4.7%

SCB

-28.0%

DE Commercial Services

-13.1%

DE Market

Return vs Industry: SCB exceeded the German Commercial Services industry which returned -28% over the past year.

Return vs Market: SCB exceeded the German Market which returned -13.1% over the past year.


Shareholder returns

SCBIndustryMarket
7 Day9.3%7.1%9.1%
30 Day-13.3%-10.5%-1.0%
90 Day-18.3%-30.2%-20.7%
1 Year7.5%4.7%-25.4%-28.0%-10.6%-13.1%
3 Year19.0%9.0%-26.0%-32.4%-10.7%-18.1%
5 Year9.2%-5.7%-36.0%-45.0%-10.7%-22.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

13.99x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SCB (€31.2) is trading above our estimate of fair value (€22.65)

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


Price To Earnings Ratio

PE vs Industry: SCB is good value based on its PE Ratio (14x) compared to the Commercial Services industry average (90.8x).

PE vs Market: SCB is good value based on its PE Ratio (14x) compared to the German market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: SCB is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: SCB is good value based on its PB Ratio (1x) compared to the DE Commercial Services industry average (2.3x).


Next Steps

Future Growth

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

8.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SCB's forecast earnings growth (8.1% per year) is above the savings rate (-0.4%).

Earnings vs Market: SCB's earnings (8.1% per year) are forecast to grow slower than the German market (14.3% per year).

High Growth Earnings: SCB's earnings are forecast to grow, but not significantly.

Revenue vs Market: SCB's revenue (1.8% per year) is forecast to grow slower than the German market (3.9% per year).

High Growth Revenue: SCB's revenue (1.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SCB's Return on Equity is forecast to be low in 3 years time (7.1%).


Next Steps

Past Performance

How has Séché Environnement performed over the past 5 years?

4.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SCB has high quality earnings.

Growing Profit Margin: SCB's current net profit margins (2.5%) are lower than last year (2.7%).


Past Earnings Growth Analysis

Earnings Trend: SCB's earnings have grown by 4% per year over the past 5 years.

Accelerating Growth: SCB's earnings growth over the past year (14.4%) exceeds its 5-year average (4% per year).

Earnings vs Industry: SCB earnings growth over the past year (14.4%) exceeded the Commercial Services industry 7.5%.


Return on Equity

High ROE: SCB's Return on Equity (7.2%) is considered low.


Next Steps

Financial Health

How is Séché Environnement's financial position?


Financial Position Analysis

Short Term Liabilities: SCB's short term assets (€330.7M) exceed its short term liabilities (€319.2M).

Long Term Liabilities: SCB's short term assets (€330.7M) do not cover its long term liabilities (€535.2M).


Debt to Equity History and Analysis

Debt Level: SCB's debt to equity ratio (193.2%) is considered high.

Reducing Debt: SCB's debt to equity ratio has increased from 101.4% to 193.2% over the past 5 years.

Debt Coverage: SCB's debt is well covered by operating cash flow (21.7%).

Interest Coverage: SCB's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet


Next Steps

Dividend

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

2.99%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: SCB's dividend (2.99%) is higher than the bottom 25% of dividend payers in the German market (1.54%).

High Dividend: SCB's dividend (2.99%) is low compared to the top 25% of dividend payers in the German market (4.57%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.9%), SCB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SCB's dividends in 3 years are forecast to be well covered by earnings (36.5% payout ratio).


Next Steps

Management

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

3.0yrs

Average board tenure


CEO

Maxime Séché (35yo)

0.33

Tenure

€175,527

Compensation

Mr. Maxime Séché serves as Chief Executive Officer of Séché Environnement SA since December 10, 2019 and served as Deputy Chief Executive Officer until December 10, 2019. Mr. Séché served as Director of St ...


CEO Compensation Analysis

Compensation vs Market: Maxime's total compensation ($USD190.87K) is below average for companies of similar size in the German market ($USD701.62K).

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


Board Members

NamePositionTenureCompensationOwnership
Joël Séché
Chairman & Presidentno data€420.55k50.37% 124.7m
Maxime Séché
CEO & Director0.33yr€175.53kno data
Philippe Valletoux
Director5yrs€16.50kno data
Guillaume Cadiou
Independent Director5yrs€17.50kno data
Anne-Sophie Lay
Independent Director2yrs€7.14kno data
Pascaline Peugeot de Dreuzy
Independent Director3yrs€10.00kno data
Marina Niforos
Independent Director3yrs€10.00kno data
Claude Marquet
no datano data10.1% 25.0m
Philippe Guérin
Employee Representative Director1.33yrsno datano data
Guillaume Séché
Non-Voting Director0.33yrno datano data

3.0yrs

Average Tenure

48yo

Average Age

Experienced Board: SCB's board of directors are considered experienced (3 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

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


Key Information

  • Name: Séché Environnement SA
  • Ticker: SCB
  • Exchange: DB
  • Founded: 1985
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Market Cap: €247.648m
  • Shares outstanding: 7.80m
  • Website: https://www.groupe-seche.com

Number of Employees


Location

  • Séché Environnement SA
  • Tour Maine Montparnasse
  • 33 avenue du Maine
  • Paris
  • Ile-de-France
  • 75755
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SCHPENXTPA (Euronext Paris)YesCommon SharesFREURNov 1997
SCBDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 1997
0OG6LSE (London Stock Exchange)YesCommon SharesGBEURNov 1997
SECV.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDOct 2008

Biography

Séché Environnement SA engages in the recovery and treatment of waste products for industrial customers and public authorities in France and internationally. The company recovers resources and materials from non-hazardous and hazardous wastes; and produces alternative energy from biogas and solid recovered fuels, as well as generates thermal energy as a byproduct. It also manages, treats, and recovers various complex wastes, such as asbestos, infectious medical waste, specialty gases, and PCB wastes. In addition, the company undertakes decontamination/rehabilitation of various polluted sites; and dismantling and deconstruction operations, as well as manages pyrotechnic waste. Further, it offers residual waste treatment; and environmental emergencies response and dried emergencies intervention services. The company was founded in 1985 and is headquartered in Paris, France. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/10 02:33
End of Day Share Price2020/04/09 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.