COFACE SA, through its subsidiaries, provides credit insurance products and related services for small and medium enterprises, mid-market companies, multi-nationals, financial institutions, and clients of distributer partners.
Solid track record, good value and pays a dividend.
Share Price & News
How has COFACE's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 65C has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 65C exceeded the German Insurance industry which returned 29.6% over the past year.
Return vs Market: 65C exceeded the German Market which returned 15% over the past year.
Price Volatility Vs. Market
How volatile is COFACE's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is COFACE undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 65C (€12.12) is trading below our estimate of fair value (€13.97)
Significantly Below Fair Value: 65C is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 65C is good value based on its PE Ratio (12.5x) compared to the Insurance industry average (12.7x).
PE vs Market: 65C is good value based on its PE Ratio (12.5x) compared to the German market (21.1x).
Price to Earnings Growth Ratio
PEG Ratio: 65C is poor value based on its PEG Ratio (5.9x)
Price to Book Ratio
PB vs Industry: 65C is good value based on its PB Ratio (1x) compared to the DE Insurance industry average (1.2x).
How is COFACE forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 65C's forecast earnings growth (2.1% per year) is above the savings rate (-0.4%).
Earnings vs Market: 65C's earnings (2.1% per year) are forecast to grow slower than the German market (13.3% per year).
High Growth Earnings: 65C's earnings are forecast to grow, but not significantly.
Revenue vs Market: 65C's revenue (3.1% per year) is forecast to grow slower than the German market (5% per year).
High Growth Revenue: 65C's revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 65C's Return on Equity is forecast to be low in 3 years time (8%).
How has COFACE performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 65C has high quality earnings.
Growing Profit Margin: 65C's current net profit margins (9.7%) are higher than last year (8.6%).
Past Earnings Growth Analysis
Earnings Trend: 65C's earnings have grown by 5.3% per year over the past 5 years.
Accelerating Growth: 65C's earnings growth over the past year (19.9%) exceeds its 5-year average (5.3% per year).
Earnings vs Industry: 65C earnings growth over the past year (19.9%) exceeded the Insurance industry 7.8%.
Return on Equity
High ROE: 65C's Return on Equity (7.6%) is considered low.
Return on Assets
Return on Capital Employed
How is COFACE's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: 65C has a low level of unsold assets or inventory.
Debt Coverage by Assets: 65C's debt is covered by short term assets (assets are 1.4x debt).
Financial Institutions Analysis
Asset Level: 65C's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if 65C has a sufficient allowance for bad loans.
Low Risk Liabilities: 65C reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if 65C has an acceptable proportion of non-loan assets held.
Low Risk Deposits: 65C has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if 65C has an appropriate level of bad loans.
What is COFACE's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 65C's dividend (8.24%) is higher than the bottom 25% of dividend payers in the German market (1.31%).
High Dividend: 65C's dividend (8.24%) is in the top 25% of dividend payers in the German market (3.59%)
Stability and Growth of Payments
Stable Dividend: 65C has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 65C's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (81.4%), 65C's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 65C's dividends in 3 years are forecast to be covered by earnings (74.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Xavier Durand (55yo)
Mr. Xavier Pascal Durand has been Chief Executive Officer of Coface SA since February 9, 2016 and serves as its General Manager. Mr. Durand has been Chief Executive Officer of the Insurance Group Coface si ...
CEO Compensation Analysis
Compensation vs Market: Xavier's total compensation ($USD2.27M) is above average for companies of similar size in the German market ($USD1.49M).
Compensation vs Earnings: Xavier's compensation has been consistent with company performance over the past year.
|CEO & GM||4yrs||€2.09m||no data|
|Chief Financial & Risk Officer||7.1yrs||no data||no data|
|Business Technology Director||1.3yrs||no data||no data|
|Head of Group Financial Communication and Group IR & Rating Agencies Director||3.4yrs||no data||no data|
|Group Compliance Director||3.2yrs||no data||no data|
|Communications Director||0yrs||no data||no data|
|Chief Human Resources Officer||0yrs||no data||no data|
|Chief Executive Officer of Western Europe Region||2.8yrs||no data||no data|
|Chief Executive Officer of Northern Europe Region||2.3yrs||no data||no data|
|Managing Director of Coface Re||3.4yrs||no data||no data|
Experienced Management: 65C's management team is considered experienced (3.3 years average tenure).
|Chairman & CEO of Coface Holding North America & Director of Coface Holding North America||0yrs||no data||no data|
|Independent Director||5.6yrs||€51.00k||0.00059% €10.8k|
|Independent Director||5.6yrs||€40.00k||0.00033% €6.0k|
|Independent Director||5.6yrs||€29.00k||0.00033% €6.0k|
|Non-Independent Director||3yrs||€22.00k||0.00066% €12.1k|
|Chairman of the Board||1.7yrs||€1.48m||0.00033% €6.0k|
|Non-Independent Director||3.3yrs||no data||0.00033% €6.0k|
|Independent Director||2.6yrs||€43.00k||0.00060% €11.0k|
|Non-Independent Director||3.3yrs||€30.50k||0.00033% €6.0k|
Experienced Board: 65C's board of directors are considered experienced (3.3 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.
COFACE SA's company bio, employee growth, exchange listings and data sources
- Name: COFACE SA
- Ticker: 65C
- Exchange: DB
- Founded: 1946
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: €1.829b
- Shares outstanding: 151.04m
- Website: https://www.coface.com
Number of Employees
- COFACE SA
- 1, place Costes et Bellonte
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|COFA||ENXTPA (Euronext Paris)||Yes||Ordinary Shares||FR||EUR||Jun 2014|
|COFAP||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jun 2014|
|0QVK||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jun 2014|
|65C||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jun 2014|
COFACE SA, through its subsidiaries, provides credit insurance products and related services for small and medium enterprises, mid-market companies, multi-nationals, financial institutions, and clients of distributer partners. It offers credit insurance products to protect companies against potential non-payment by their customers. The company also provides factoring, business information, and debt collection services, as well as contract, and customs and excise bonds. It operates in Western Europe, Northern Europe, Central Europe, the Mediterranean and Africa, North America, Latin America, and the Asia-Pacific. COFACE SA has a strategic partnership with Tradeshift. The company was founded in 1946 and is headquartered in Bois-Colombes, France.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/18 22:46|
|End of Day Share Price||2020/02/18 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.