XTRA:E2F

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Electricité de France

Executive Summary

Electricité de France S.A., an integrated energy company, engages in the generation, transmission, distribution, supply, and trading of energy services in France, the United Kingdom, Italy, and internationally. More Details


Snowflake Analysis

Fair value with limited growth.


Similar Companies

Share Price & News

How has Electricité de France's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: E2F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.3%

E2F

-0.5%

DE Electric Utilities

-0.4%

DE Market


1 Year Return

-20.1%

E2F

6.8%

DE Electric Utilities

5.7%

DE Market

Return vs Industry: E2F underperformed the German Electric Utilities industry which returned 6.8% over the past year.

Return vs Market: E2F underperformed the German Market which returned 5.7% over the past year.


Shareholder returns

E2FIndustryMarket
7 Day2.3%-0.5%-0.4%
30 Day1.3%-1.5%1.9%
90 Day5.9%1.4%4.8%
1 Year-18.8%-20.1%10.8%6.8%8.2%5.7%
3 Year-8.9%-15.9%51.2%34.0%5.9%-2.7%
5 Year-24.3%-45.4%70.5%33.7%35.9%17.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Electricité de France undervalued compared to its fair value and its price relative to the market?

13.28x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: E2F (€8.68) is trading above our estimate of fair value (€4.98)

Significantly Below Fair Value: E2F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: E2F is poor value based on its PE Ratio (13.3x) compared to the XE Electric Utilities industry average (12x).

PE vs Market: E2F is good value based on its PE Ratio (13.3x) compared to the German market (21.9x).


Price to Earnings Growth Ratio

PEG Ratio: E2F is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: E2F is good value based on its PB Ratio (0.4x) compared to the XE Electric Utilities industry average (0.8x).


Next Steps

Future Growth

How is Electricité de France forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

26.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: E2F's forecast earnings growth (26.2% per year) is above the savings rate (0.2%).

Earnings vs Market: E2F's earnings (26.2% per year) are forecast to grow slower than the German market (27.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: E2F's revenue (2.7% per year) is forecast to grow slower than the German market (6.1% per year).

High Growth Revenue: E2F's revenue (2.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: E2F's Return on Equity is forecast to be low in 3 years time (5.6%).


Next Steps

Past Performance

How has Electricité de France performed over the past 5 years?

14.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: E2F has a large one-off loss of €2.7B impacting its June 30 2020 financial results.

Growing Profit Margin: E2F's current net profit margins (2.2%) are lower than last year (2.8%).


Past Earnings Growth Analysis

Earnings Trend: E2F's earnings have grown by 14.1% per year over the past 5 years.

Accelerating Growth: E2F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: E2F had negative earnings growth (-21.6%) over the past year, making it difficult to compare to the Electric Utilities industry average (-4.3%).


Return on Equity

High ROE: E2F's Return on Equity (4%) is considered low.


Next Steps

Financial Health

How is Electricité de France's financial position?


Financial Position Analysis

Short Term Liabilities: E2F's short term assets (€80.7B) exceed its short term liabilities (€66.5B).

Long Term Liabilities: E2F's short term assets (€80.7B) do not cover its long term liabilities (€189.3B).


Debt to Equity History and Analysis

Debt Level: E2F's debt to equity ratio (136.2%) is considered high.

Reducing Debt: E2F's debt to equity ratio has increased from 135.3% to 136.2% over the past 5 years.

Debt Coverage: E2F's debt is not well covered by operating cash flow (15.8%).

Interest Coverage: E2F's interest payments on its debt are well covered by EBIT (22.8x coverage).


Balance Sheet


Next Steps

Dividend

What is Electricité de France current dividend yield, its reliability and sustainability?

3.18%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate E2F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate E2F's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if E2F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if E2F's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: E2F is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of E2F's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

4.4yrs

Average management tenure


CEO

Jean-Bernard Lévy (65 yo)

5.83yrs

Tenure

€453,660

Compensation

Mr. Jean-Bernard Lévy has been the Chief Executive Officer of Electricité de France S.A. since November 27, 2014 and served as its President. Mr. Lévy served as the Chairman and Chief Executive Officer of ...


CEO Compensation Analysis

Compensation vs Market: Jean-Bernard's total compensation ($USD538.21K) is below average for companies of similar size in the German market ($USD5.27M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jean-Bernard Lévy
Chairman & CEO5.83yrs€453.66kno data
Xavier Girre
Group Senior Executive Vice President of Group Finance4.5yrsno datano data
Stephane Tortajada
Head of Financing and Investmentsno datano datano data
Aymeric Ducrocq
Director of Investors & Marketsno datano datano data
Christophe Carval
Group Senior Executive Vice President of Group Human Resources3.17yrsno datano data
Simone Rossi
Group Senior Executive Vice-President & CEO of EDF Energy5.5yrsno datano data
Xavier Ursat
Group Senior Executive Vice President of New Nuclear Projects & Engineering5.5yrsno datano data
Alexandre Perra
Group Senior Executive Vice-President of Innovation1.17yrsno datano data
Marc Benayoun
Group Senior Executive Vice President of Customers & Energy Services4.67yrsno datano data
Fabrice Fourcade
Senior Vice President4.25yrsno datano data
Véronique Lacour
Group Senior Executive Vice President of Transformation & Operational Effectiveness3.75yrsno datano data
Cedric Lewandowski
Group Senior Executive Vice President of Nuclear & Thermal3.17yrsno datano data

4.4yrs

Average Tenure

53yo

Average Age

Experienced Management: E2F's management team is considered experienced (4.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jean-Bernard Lévy
Chairman & CEO5.83yrs€453.66kno data
Laurence Parisot
Independent Director5.83yrs€35.21k0%
€ 0
Claire Pedini
Independent Director4.33yrs€44.57kno data
Jacky Chorin
Employee Representative Director5.83yrsno data0.000010%
€ 2.7k
Gilles Denoyel
Director1.33yrs€27.14kno data
Philippe Petitcolin
Independent Director1.33yrs€20.71k0%
€ 0
Colette Lewiner
Independent Director6.42yrs€51.01k0.000060%
€ 16.1k
Martin Vial
Director5yrs€39.31kno data
Jean-Paul Rignac
Employee Representative Director12.83yrsno datano data
Marie-Christine Lepetit
Director8.33yrs€45.75kno data
Christian Taxil
Employee Representative Director5.83yrsno data0.000040%
€ 10.7k
Bruno Crémel
Independent Director1.33yrs€27.14kno data

5.8yrs

Average Tenure

60.5yo

Average Age

Experienced Board: E2F's board of directors are considered experienced (5.8 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

Electricité de France S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Electricité de France S.A.
  • Ticker: E2F
  • Exchange: XTRA
  • Founded: 1946
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: €26.847b
  • Shares outstanding: 3.10b
  • Website: https://www.edf.fr

Number of Employees


Location

  • Electricité de France S.A.
  • 22-30, Avenue de Wagram
  • Paris
  • Ile-de-France
  • 75008
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EDFENXTPA (Euronext Paris)YesOrdinary SharesFREURNov 2005
E2FDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2005
0HBALSE (London Stock Exchange)YesOrdinary SharesGBEURNov 2005
E2FXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURNov 2005
ECIF.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2005
EDFPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURNov 2005
EDF-UETLX (Eurotlx)YesOrdinary SharesITEURNov 2005
EDFSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFNov 2005
EDFWBAG (Wiener Boerse AG)YesOrdinary SharesATEURNov 2005
ECIF.YOTCPK (Pink Sheets LLC)UNSP ADR EACH REPR .20 ORDUSUSDDec 2008
E2F1DB (Deutsche Boerse AG)UNSP ADR EACH REPR .20 ORDDEEURDec 2008
A1HFHTDB (Deutsche Boerse AG)5.375%-FRN SUB EMTN PERP EUR100000 '15'DEEURJan 2013
EDF1LSE (London Stock Exchange)6%-FRN SUB EMTN PERP GBP100000 '16''REGSGBGBPJan 2013

Biography

Electricité de France S.A., an integrated energy company, engages in the generation, transmission, distribution, supply, and trading of energy services in France, the United Kingdom, Italy, and internation ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/20 04:14
End of Day Share Price2020/09/18 00:00
Earnings2020/06/30
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.