XTRA:E2F

Stock Analysis Report

Electricité de France

Executive Summary

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

Snowflake

Fundamentals

Good value with adequate balance sheet.


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


Market Performance


7 Day Return

-0.6%

E2F

0.03%

DE Electric Utilities

1.4%

DE Market


1 Year Return

-38.8%

E2F

17.6%

DE Electric Utilities

3.8%

DE Market

Return vs Industry: E2F underperformed the German Electric Utilities industry which returned 17.6% over the past year.

Return vs Market: E2F underperformed the German Market which returned 3.8% over the past year.


Shareholder returns

E2FIndustryMarket
7 Day-0.6%0.03%1.4%
30 Day-13.6%-1.0%1.3%
90 Day-13.9%2.4%3.1%
1 Year-37.4%-38.8%22.3%17.6%7.0%3.8%
3 Year12.6%-6.0%56.4%36.3%18.5%8.3%
5 Year-39.8%-58.3%48.3%10.7%42.2%22.9%

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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: E2F (€9.39) is trading below our estimate of fair value (€32.62)

Significantly Below Fair Value: E2F is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: E2F is poor value based on its PE Ratio (14.8x) compared to the Electric Utilities industry average (11.8x).

PE vs Market: E2F is good value based on its PE Ratio (14.8x) compared to the German market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: E2F is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: E2F is good value based on its PB Ratio (0.7x) compared to the XE Electric Utilities industry average (0.9x).


Next Steps

Future Growth

How is Electricité de France forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

8.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: E2F's forecast earnings growth (8.5% per year) is above the savings rate (0.2%).

Earnings vs Market: E2F's earnings (8.5% per year) are forecast to grow slower than the German market (12.6% per year).

High Growth Earnings: E2F's earnings are forecast to grow, but not significantly.

Revenue vs Market: E2F's revenue (1.9% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: E2F's revenue (1.9% 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 (6.1%).


Next Steps

Past Performance

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

-12.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: E2F's earnings have declined by -12.9% 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 (-24.3%) over the past year, making it difficult to compare to the Electric Utilities industry average (2.3%).


Return on Equity

High ROE: E2F's Return on Equity (4.3%) is considered low.


Return on Assets

ROA vs Industry: E2F's Return on Assets is below or equal to the Electric Utilities industry average last year.


Return on Capital Employed

ROCE Improving: E2F's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Electricité de France's financial position?


Financial Position Analysis

Short Term Liabilities: E2F's short term assets (€69.9B) exceeds its short term liabilities (€52.3B)

Long Term Liabilities: E2F's short term assets (69.9B) do not cover its long term liabilities (183.8B)


Debt to Equity History and Analysis

Debt Level: E2F's debt to equity ratio (110%) is considered high

Reducing Debt: E2F's debt to equity ratio has reduced from 122.7% to 110% over the past 5 years.

Debt Coverage: E2F's debt is well covered by operating cash flow (22%).

Interest Coverage: E2F's interest payments on its debt are well covered by EBIT (5.7x coverage).


Balance Sheet

Inventory Level: E2F has a high level of physical assets or inventory.

Debt Coverage by Assets: E2F's debt is covered by short term assets (assets are 1.186970x debt).


Next Steps

Dividend

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

3.34%

Current Dividend Yield


Dividend Yield vs Market

company3.3%marketbottom25%1.5%markettop25%3.8%industryaverage4.0%forecastin3Years4.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: E2F's dividend (3.34%) is higher than the bottom 25% of dividend payers in the German market (1.47%).

High Dividend: E2F's dividend (3.34%) is low compared to the top 25% of dividend payers in the German market (3.83%).

Stable Dividend: E2F's dividend payments have been volatile in the past 10 years.

Growing Dividend: E2F's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (25.6%), E2F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: E2F's dividends in 3 years are forecast to be well covered by earnings (47.4% payout ratio).


Next Steps

Management

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

4.6yrs

Average management tenure


CEO

Jean-Bernard Lévy (64yo)

4.9yrs

Tenure

€452,868

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 ($USD504.48K) is about average for companies of similar size in the German market ($USD4.64M).

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


Management Age and Tenure

4.6yrs

Average Tenure

52yo

Average Age

Experienced Management: E2F's management team is considered experienced (4.6 years average tenure).


Board Age and Tenure

5.2yrs

Average Tenure

59yo

Average Age

Experienced Board: E2F's board of directors are considered experienced (5.2 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Jean-Bernard Lévy (64yo)

    Chairman & CEO

    • Tenure: 4.9yrs
    • Compensation: €452.87k
  • Claude Nahon

    Executive Vice President of Sustainable Development

    • Tenure: 0yrs
  • Marianne Laigneau (55yo)

    Group Senior Executive Vice President of International Division

    • Tenure: 12.3yrs
  • Stephane Tortajada

    Head of Financing and Investments

    • Tenure: 0yrs
  • Simone Rossi (50yo)

    Group Senior Executive Vice-President

    • Tenure: 4.6yrs
  • Xavier Girre (50yo)

    Group Senior Executive Vice President of Group Finance

    • Tenure: 3.6yrs
  • Xavier Ursat (52yo)

    Group Senior Executive Vice President of New Nuclear Projects & Engineering

    • Tenure: 4.6yrs
  • Alexandre Perra (38yo)

    Group Senior Executive Vice-President of Innovation

    • Tenure: 0.8yrs
  • Kader Hidra

    Director of Investors and Markets

    • Tenure: 0yrs
  • Christophe Carval (58yo)

    Group Senior Executive Vice President of Human Resources

    • Tenure: 2.3yrs

Board Members

  • Jean-Bernard Lévy (64yo)

    Chairman & CEO

    • Tenure: 4.9yrs
    • Compensation: €452.87k
  • Michèle Rousseau (62yo)

    Director

    • Tenure: 3.1yrs
    • Compensation: €37.91k
  • Bruno Rossi

    Member of Advisory Board

    • Tenure: 2.9yrs
  • Claire Pedini (54yo)

    Director

    • Tenure: 3.4yrs
    • Compensation: €39.83k
  • Jacky Chorin (59yo)

    Director

    • Tenure: 4.9yrs
  • Colette Lewiner (74yo)

    Director

    • Tenure: 5.5yrs
    • Compensation: €49.42k
  • Jean-Paul Rignac (57yo)

    Director

    • Tenure: 11.9yrs
  • Christine Chabauty (48yo)

    Director

    • Tenure: 9.9yrs
  • Marie-Hélène Meyling (59yo)

    Director

    • Tenure: 8.1yrs
  • Marie-Christine Lepetit (58yo)

    Director

    • Tenure: 7.4yrs
    • Compensation: €45.58k

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: €28.254b
  • Shares outstanding: 3.05b
  • 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
EDFPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURNov 2005
EDFENXTPA (Euronext Paris)YesOrdinary SharesFREURNov 2005
0HBALSE (London Stock Exchange)YesOrdinary SharesGBEURNov 2005
E2FXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURNov 2005
ECIF.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2005
EDFSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFNov 2005
E2FDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2005
EDFWBAG (Wiener Boerse AG)YesOrdinary SharesATEURNov 2005
ECIF.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDDec 2008
A1HFHTDB (Deutsche Boerse AG)5.375%-FRN SUB EMTN PERP EUR100000 '15'DEEURJan 2013
A1HFHVDB (Deutsche Boerse AG)6%-FRN SUB EMTN PERP GBP100000 '16''REGSDEUSDJan 2013
EDFBBENXTPA (Euronext Paris)5.375%-FRN SUB EMTN PERP EUR100000 '15'FREURJan 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 power and energy services in France, the United Kingdom, Italy, and i ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 20:51
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
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.