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Sonae SGPS

DB:YSON
Snowflake Description

6 star dividend payer and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
YSON
DB
€2B
Market Cap
  1. Home
  2. DE
  3. Consumer Retailing
Company description

Sonae, SGPS, S.A. engages in retail, financial services, technology, shopping center, and telecommunication businesses. The last earnings update was 27 days ago. More info.


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YSON Share Price and Events
7 Day Returns
1.5%
DB:YSON
-0.3%
Europe Consumer Retailing
1%
DE Market
1 Year Returns
-13.7%
DB:YSON
1.3%
Europe Consumer Retailing
-5.6%
DE Market
YSON Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sonae SGPS (YSON) 1.5% 5.6% 2.3% -13.7% -0.2% -27.7%
Europe Consumer Retailing -0.3% -0.3% 0.3% 1.3% -2.8% -9.4%
DE Market 1% 6.1% 8.4% -5.6% 10.9% 13.8%
1 Year Return vs Industry and Market
  • YSON underperformed the Consumer Retailing industry which returned 1.3% over the past year.
  • YSON underperformed the Market in Germany which returned -5.6% over the past year.
Price Volatility
YSON
Industry
5yr Volatility vs Market

YSON Value

 Is Sonae SGPS 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 Sonae SGPS 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 Sonae SGPS.

DB:YSON Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:YSON
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.46
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.464 (1 + (1- 21%) (114.42%))
0.922
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.922 * 9.02%)
8.55%

Discounted Cash Flow Calculation for DB:YSON using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sonae SGPS 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.

DB:YSON DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.55%)
2019 162.28 Analyst x4 149.50
2020 186.00 Analyst x3 157.86
2021 234.50 Analyst x2 183.35
2022 263.01 Est @ 12.16% 189.45
2023 285.57 Est @ 8.58% 189.51
2024 302.92 Est @ 6.07% 185.19
2025 316.00 Est @ 4.32% 177.97
2026 325.77 Est @ 3.09% 169.03
2027 333.05 Est @ 2.23% 159.20
2028 338.48 Est @ 1.63% 149.06
Present value of next 10 years cash flows €1,710.11
DB:YSON DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €338.48 × (1 + 0.23%) ÷ (8.55% – 0.23%)
€4,077.95
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €4,077.95 ÷ (1 + 8.55%)10
€1,795.79
DB:YSON Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,710.11 + €1,795.79
€3,505.90
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €3,505.90 / 1,877.66
€1.87
DB:YSON Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:YSON represents 0.98768x of ENXTLS:SON
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98768x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 1.87 x 0.98768
€1.84
Value per share (EUR) From above. €1.84
Current discount Discount to share price of €0.96
= -1 x (€0.96 - €1.84) / €1.84
47.8%

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

Current Discount
Amount off the current price Sonae SGPS is available for.
Intrinsic value
48%
Share price is €0.96 vs Future cash flow value of €1.84
Current Discount Checks
For Sonae SGPS to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sonae SGPS's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sonae SGPS's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Sonae SGPS's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sonae SGPS's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:YSON PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.12
ENXTLS:SON Share Price ** ENXTLS (2019-04-24) in EUR €0.97
Europe Consumer Retailing Industry PE Ratio Median Figure of 32 Publicly-Listed Consumer Retailing Companies 19.33x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.72x

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

** Primary Listing of Sonae SGPS.

DB:YSON PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTLS:SON Share Price ÷ EPS (both in EUR)

= 0.97 ÷ 0.12

8.12x

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

  • Sonae SGPS is good value based on earnings compared to the Europe Consumer Retailing industry average.
  • Sonae SGPS is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Sonae SGPS's expected growth come at a high price?
Raw Data
DB:YSON PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
-2%per year
Europe Consumer Retailing Industry PEG Ratio Median Figure of 24 Publicly-Listed Consumer Retailing Companies 1.52x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:YSON PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.12x ÷ -2%

-4.14x

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

  • Sonae SGPS earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sonae SGPS's assets?
Raw Data
DB:YSON PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €1.14
ENXTLS:SON Share Price * ENXTLS (2019-04-24) in EUR €0.97
Europe Consumer Retailing Industry PB Ratio Median Figure of 41 Publicly-Listed Consumer Retailing Companies 1.55x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:YSON PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTLS:SON Share Price ÷ Book Value per Share (both in EUR)

= 0.97 ÷ 1.14

0.85x

* Primary Listing of Sonae SGPS.

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

  • Sonae SGPS is good value based on assets compared to the Europe Consumer Retailing industry average.
X
Value checks
We assess Sonae SGPS'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 Consumer Retailing 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 Consumer Retailing industry average (and greater than 0)? (1 check)
  5. Sonae SGPS has a total score of 5/6, 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.

YSON Future Performance

 How is Sonae SGPS expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

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
-2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sonae SGPS expected to grow at an attractive rate?
  • Sonae SGPS's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Sonae SGPS's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Sonae SGPS's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:YSON Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:YSON Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts -2%
DB:YSON Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 4.7%
Europe Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 12%
Europe Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:YSON Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:YSON Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 6,933 471 220 2
2020-12-31 6,516 438 201 5
2019-12-31 6,219 549 183 5
DB:YSON Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 5,982 434 227
2018-09-30 6,746 361 212
2018-06-30 6,590 372 171
2018-03-31 6,530 398 147
2017-12-31 5,548 357 171
2017-09-30 5,648 314 208
2017-06-30 5,810 315 208
2017-03-31 5,910 267 199
2016-12-31 5,985 210 217
2016-09-30 5,855 267 168
2016-06-30 5,714 190 154
2016-03-31 5,708 220 185

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sonae SGPS's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Sonae SGPS's revenue is expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).
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
DB:YSON Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Sonae SGPS Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:YSON Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.11 0.12 0.11 2.00
2020-12-31 0.10 0.12 0.09 4.00
2019-12-31 0.10 0.11 0.09 4.00
DB:YSON Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.12
2018-09-30 0.11
2018-06-30 0.09
2018-03-31 0.08
2017-12-31 0.09
2017-09-30 0.11
2017-06-30 0.11
2017-03-31 0.11
2016-12-31 0.11
2016-09-30 0.09
2016-06-30 0.08
2016-03-31 0.10

*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.
  • Sonae SGPS is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sonae SGPS'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.
Sonae SGPS has a total score of 0/6, 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.

YSON Past Performance

  How has Sonae SGPS 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 Sonae SGPS's growth in the last year to its industry (Consumer Retailing).
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.
  • Sonae SGPS has delivered over 20% year on year earnings growth in the past 5 years.
  • Sonae SGPS's 1-year earnings growth exceeds its 5-year average (33.3% vs 24.3%)
  • Sonae SGPS's earnings growth has exceeded the Europe Consumer Retailing industry average in the past year (33.3% vs -4.5%).
Earnings and Revenue History
Sonae SGPS'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 Sonae SGPS Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:YSON Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 5,982.16 227.35 1,078.51
2018-09-30 6,746.11 211.58 1,099.03
2018-06-30 6,590.06 171.16 1,085.26
2018-03-31 6,529.67 146.92 1,071.08
2017-12-31 5,548.32 170.51 988.99
2017-09-30 5,647.82 208.27 999.51
2017-06-30 5,810.39 207.99 1,002.96
2017-03-31 5,910.23 199.19 995.30
2016-12-31 5,985.25 216.51 991.27
2016-09-30 5,855.24 168.12 947.50
2016-06-30 5,713.99 153.76 929.34
2016-03-31 5,707.66 185.18 925.44
2015-12-31 5,615.53 175.31 917.11
2015-09-30 5,581.93 191.04 908.48
2015-06-30 5,548.64 188.21 908.60
2015-03-31 5,476.84 153.55 901.46
2014-12-31 5,455.47 143.84 894.03
2014-09-30 5,441.45 131.56 887.63
2014-06-30 5,380.15 -18.70 874.08
2014-03-31 5,304.85 -53.35 861.21
2013-12-31 5,268.40 -66.75 855.76
2013-09-30 5,142.27 -145.75 864.15
2013-06-30 5,083.05 -10.56 861.38
2013-03-31 4,916.77 -27.82 850.61
2012-12-31 5,074.02 -22.86 859.90
2012-09-30 5,273.09 39.65 934.78
2012-06-30 5,474.11 60.86 951.74

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

YSON Health

 How is Sonae SGPS'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 Sonae SGPS's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sonae SGPS's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Sonae SGPS's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Sonae SGPS'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 0.8x 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 Sonae SGPS Company Filings, last reported 3 months ago.

DB:YSON Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,288.82 2,092.52 696.24
2018-09-30 3,168.66 2,278.30 566.26
2018-06-30 2,135.25 1,691.15 353.33
2018-03-31 2,065.39 1,626.57 347.29
2017-12-31 2,135.04 1,489.47 364.59
2017-09-30 2,103.63 1,536.78 307.80
2017-06-30 2,033.94 1,706.90 276.35
2017-03-31 1,995.14 1,676.28 284.88
2016-12-31 2,062.71 1,571.46 341.08
2016-09-30 2,016.18 1,604.04 345.12
2016-06-30 1,939.32 1,729.95 329.36
2016-03-31 1,818.28 1,590.40 332.96
2015-12-31 1,794.79 1,589.91 362.68
2015-09-30 1,844.61 1,576.81 330.58
2015-06-30 1,836.16 1,772.54 423.92
2015-03-31 1,774.03 1,947.41 519.39
2014-12-31 1,832.23 1,864.36 646.26
2014-09-30 1,794.60 1,921.45 534.84
2014-06-30 1,751.72 1,907.50 461.43
2014-03-31 1,702.76 1,971.40 508.26
2013-12-31 1,908.11 1,609.84 568.76
2013-09-30 1,879.26 1,719.92 463.65
2013-06-30 1,515.14 2,206.14 137.26
2013-03-31 1,596.97 2,400.78 270.99
2012-12-31 1,668.56 2,235.52 377.52
2012-09-30 1,675.82 2,390.18 303.81
2012-06-30 1,631.65 2,459.32 204.66
  • Sonae SGPS's level of debt (63.6%) 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 (84.7% vs 63.6% today).
  • Debt is well covered by operating cash flow (20.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.1x coverage).
X
Financial health checks
We assess Sonae SGPS'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. Sonae SGPS has a total score of 3/6, 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.

YSON Dividends

 What is Sonae SGPS'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
4.53%
Current annual income from Sonae SGPS dividends. Estimated to be 4.91% next year.
If you bought €2,000 of Sonae SGPS shares you are expected to receive €91 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?
  • Sonae SGPS's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Sonae SGPS's dividend is above the markets top 25% of dividend payers in Germany (3.7%).
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
DB:YSON 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 5 Analyst Estimates (S&P Global) See Below
Europe Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:YSON Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.05 2.00
2020-12-31 0.05 5.00
2019-12-31 0.04 3.00
DB:YSON Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-28 0.044 4.650
2019-03-21 0.044 4.730
2018-03-29 0.042 4.440
2018-03-15 0.042 3.695
2017-03-29 0.040 3.916
2017-03-16 0.040 4.532
2016-03-29 0.039 4.888
2016-03-16 0.039 3.714
2015-03-30 0.037 3.256
2015-03-11 0.037 2.619
2014-05-06 0.035 3.039
2013-05-20 0.033 3.366
2012-03-30 0.033 6.173
2012-03-14 0.033 7.298
2011-03-28 0.033 5.965
2011-03-16 0.033 4.071
2010-03-26 0.032 3.885
2010-03-17 0.032 3.557
2009-04-27 0.030 3.667

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

  • 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
What portion of Sonae SGPS's earnings are paid to the shareholders as a dividend.
  • 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 (2.2x coverage).
X
Income/ dividend checks
We assess Sonae SGPS's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Sonae SGPS afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sonae SGPS has a total score of 6/6, see the detailed checks below.


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

YSON Management

 What is the CEO of Sonae SGPS'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
Cláudia Azevedo
TENURE AS CEO 0.3 years
CEO Bio

Ms. Cláudia Teixeira de Azevedo served as Chief Executive Officer of Sonae IM at Sonae SGPS SA and Sonae Investment Management - Software And Technology, Sgps, S.A. until January 1, 2019. Ms. de Azevedo served as an Executive Director at Sonaecom SI. She served as Group Senior Executive of Sonae SGPS SA and served as its Senior Executive. She served as Chief Executive Officer at Sonae Investment Management till 2018. She has been Non-Executive Director of Sonae Sierra, S.G.P.S., S.A. since 2018.

CEO Compensation
  • Insufficient data for Cláudia to compare compensation growth.
  • Insufficient data for Cláudia to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Cláudia Azevedo

TITLE
Chief Executive Officer
TENURE
0.3 yrs

André Sousa

TITLE
Head of Finance

Patrícia Pinto

TITLE
Head of Investor Relations

Luzia Leonor Gomes e Ferreira

TITLE
Head of General Counsel & Corporate Governance and Company Secretary

Catarina Fernandes

TITLE
Head of Communication

José Côrte-Real

TITLE
Head of Human Resources

David Parente Ferreira Alves

TITLE
Senior Executive and Head of Tax Management

Nuno Gama

TITLE
Head of Innovation & Future Tech

João Pedro Magalhaes Da Silva Dolores

TITLE
Chief Corporate Center Officer

Luis Miguel Mesquita Moutinho

TITLE
Sonae MC CEO
Board of Directors Tenure

Average tenure and age of the Sonae SGPS board of directors in years:

4
Average Tenure
62.5
Average Age
  • The tenure for the Sonae SGPS board of directors is about average.
Board of Directors

Duarte Paulo de Azevedo

TITLE
Non Executive Chairman
COMPENSATION
€652K
AGE
53
TENURE
3.9 yrs

José Manuel Tromdade Adelino

TITLE
Senior Independent Non-Executive Director
COMPENSATION
€67K
AGE
64

Daniel Fernandes Coelho

TITLE
Chairman of Statutory Audit Board
AGE
70

Margaret Trainer

TITLE
Independent Non-Executive Director
COMPENSATION
€55K
AGE
66
TENURE
3.3 yrs

Ângelo Gabriel Dos Santos Paupério

TITLE
Non-Executive Director
COMPENSATION
€716K
AGE
59
TENURE
19.3 yrs

Chris Cross

TITLE
Independent Non-Executive Director
COMPENSATION
€49K
AGE
67
TENURE
10.3 yrs

Tsega Gebreyes

TITLE
Independent Non-Executive Director
COMPENSATION
€52K
AGE
49
TENURE
4 yrs

Marcelo Faria Lima

TITLE
Independent Non-Executive Director
COMPENSATION
€51K
AGE
57
TENURE
4 yrs

Andrew Eustace Campbell

TITLE
Independent Non-Executive Director
COMPENSATION
€47K
AGE
68
TENURE
4 yrs

Maria José Martins Lourenço Fonseca

TITLE
Member of Statutory Audit Board
AGE
61
TENURE
4 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 Sonae SGPS'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. Sonae SGPS 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.

YSON News

Simply Wall St News

YSON Company Info

Description

Sonae, SGPS, S.A. engages in retail, financial services, technology, shopping center, and telecommunication businesses. The company operates hypermarkets under the Continente brand; convenience supermarkets under the Continente Modelo and Continente Bom Dia brands; franchised supermarkets under the Meu Super brand; cafeteria/restaurants under the Bom Bocado and Bagga brands; healthy food supermarkets and restaurants under the Go Natural brand; book shops and stationery under the Make Notes and Note! brands; health, well-being, and eye care centers under the Well´s brand; and dental and aesthetic medicine clinics under the Dr. Well’s brand, as well as provides dog and cat products and services under the ZU brand. It also sells sports clothing, footwear and equipment under the Sportzone, Berg Outdoor, Berg Cycle, and Deeply brands; clothing, footwear, and accessories under the MO brands; baby and children clothing, footwear, and accessories, as well as childcare products under the Zippy and Losan brands; and jeans, clothing, and accessories under the Salsa brand. In addition, the company sells consumer electronics and entertainment products under the Worten brand; and mobile telecommunications products under the Worten Mobile brand, as well as manages a portfolio of retail real estate properties. Further, it engages in the investment management activities; and the provision of financial services, including money transfer, store credit, and insurance brokerage services, as well as various cards. Further, it owns, manages, and leases shopping centers; and provides telecommunication services to residential, personal, corporate, and wholesale markets. The company operates in Portugal, Spain, France, the United Kingdom, Germany, Italy, Brazil, Mexico, and internationally. Sonae, SGPS, S.A. was founded in 1959 and is headquartered in Maia, Portugal.

Details
Name: Sonae, SGPS, S.A.
YSON
Exchange: DB
Founded: 1959
€1,828,843,583
1,877,662,817
Website: http://www.sonae.pt
Address: Sonae, SGPS, S.A.
Lugar do Espido,
Via Norte,
Maia,
Norte, 4470-909,
Portugal
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTLS SON Ordinary Shares Euronext Lisbon PT EUR 02. Jan 1992
DB YSON Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0ML0 Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE SONU Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
43,854
Sonae SGPS employees.
Industry
Food Retail
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 20:39
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/04/23
Last earnings filing: 2019/03/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.