BME:GSJ

Stock Analysis Report

Grupo Empresarial San José

Executive Summary

Grupo Empresarial San José, S.A. engages in construction business in Spain and internationally.


Snowflake Analysis

Excellent balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has Grupo Empresarial San José's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-6.1%

GSJ

-8.5%

ES Construction

-7.0%

ES Market


1 Year Return

-4.9%

GSJ

4.9%

ES Construction

0.5%

ES Market

Return vs Industry: GSJ underperformed the Spanish Construction industry which returned 4.9% over the past year.

Return vs Market: GSJ underperformed the Spanish Market which returned 0.5% over the past year.


Shareholder returns

GSJIndustryMarket
7 Day-6.1%-8.5%-7.0%
30 Day-10.8%-8.1%-3.4%
90 Day-15.5%-4.6%-1.2%
1 Year-4.9%-4.9%8.2%4.9%4.0%0.5%
3 Year64.8%64.8%35.2%24.1%9.2%-1.2%
5 Year391.5%391.5%19.6%-3.2%3.6%-13.6%

Price Volatility Vs. Market

How volatile is Grupo Empresarial San José's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Grupo Empresarial San José undervalued compared to its fair value and its price relative to the market?

36.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GSJ (€5.8) is trading below our estimate of fair value (€9.1)

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


Price To Earnings Ratio

PE vs Industry: GSJ is poor value based on its PE Ratio (28x) compared to the Construction industry average (13.7x).

PE vs Market: GSJ is poor value based on its PE Ratio (28x) compared to the Spanish market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GSJ's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GSJ is overvalued based on its PB Ratio (3.6x) compared to the ES Construction industry average (1.9x).


Next Steps

Future Growth

How is Grupo Empresarial San José forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.5%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Grupo Empresarial San José has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Grupo Empresarial San José performed over the past 5 years?

27.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GSJ has a large one-off gain of €7.5M impacting its September 30 2019 financial results.

Growing Profit Margin: GSJ's current net profit margins (1.4%) are lower than last year (2.5%).


Past Earnings Growth Analysis

Earnings Trend: GSJ has become profitable over the past 5 years, growing earnings by 27.8% per year.

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

Earnings vs Industry: GSJ had negative earnings growth (-22.3%) over the past year, making it difficult to compare to the Construction industry average (5.2%).


Return on Equity

High ROE: GSJ's Return on Equity (14%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Grupo Empresarial San José's financial position?


Financial Position Analysis

Short Term Liabilities: GSJ's short term assets (€769.7M) exceed its short term liabilities (€607.4M).

Long Term Liabilities: GSJ's short term assets (€769.7M) exceed its long term liabilities (€289.8M).


Debt to Equity History and Analysis

Debt Level: GSJ's debt to equity ratio (208%) is considered high.

Reducing Debt: GSJ's debt to equity ratio has reduced from 7792.6% to 208% over the past 5 years.


Balance Sheet

Inventory Level: GSJ has a low level of unsold assets or inventory.

Debt Coverage by Assets: GSJ's debt is covered by short term assets (assets are 2.8x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: GSJ is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: GSJ is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

What is Grupo Empresarial San José's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.4%markettop25%5.8%industryaverage4.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: GSJ is not paying a notable dividend for the Spanish market.


Future Payout to Shareholders

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


Next Steps

Management

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

7.7yrs

Average board tenure


CEO

Jacinto Valentín Rey González 0

€1,542,000

Compensation

Mr. Jacinto Valentín Rey González serves as the Chairman of the Board of Directors of Carlos Casado S.A. and served as its Managing Director and President. Mr. González served as a Co-Chief Executive Offic ...


CEO Compensation Analysis

Compensation vs Market: Jacinto Valentín's total compensation ($USD0.00) is below average for companies of similar size in the Spanish market ($USD701.75K).

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


Board Members

NamePositionTenureCompensationOwnership
Jacinto Valentín Rey González
Executive Chairman0yrs€1.54m24.95% 96.0m
Jacinto Rey Laredo
Executive Director13.3yrs€442.00k0.33% 1.3m
Javier Rey Laredo
Executive Director7.7yrs€125.50kno data
José Manuel Otero Novas
Independent Director5.5yrs€43.50k0.030% 115.5k
Sunil Kanoria
External Independent Director4.6yrsno datano data
Roberto Álvarez Álvarez
External Independent Director11.7yrs€40.00k0.28% 1.1m
Altina de Fátima Sebastián González
External Independent Director11.7yrs€42.50kno data
Ramón Barral Andrade
External Independent Director10.7yrs€30.00k0.23% 885.4k
Enrique Martín Rey
Independent External Director6.7yrs€15.00k0.00016% 615.9
Nasser Homaid Salem Alderei
External Director4.2yrsno datano data

7.7yrs

Average Tenure

Experienced Board: GSJ's board of directors are considered experienced (7.7 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

Grupo Empresarial San José, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Grupo Empresarial San José, S.A.
  • Ticker: GSJ
  • Exchange: BME
  • Founded: 1962
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: €384.954m
  • Shares outstanding: 65.03m
  • Website: https://www.grupo-sanjose.com

Number of Employees


Location

  • Grupo Empresarial San José, S.A.
  • C/Rosalía de Castro, 44
  • Pontevedra
  • Galicia
  • 36001
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GSJBME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEURJul 2009
0L91LSE (London Stock Exchange)YesOrdinary SharesGBEURJul 2009
GSJEBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 2009
80EDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2009

Biography

Grupo Empresarial San José, S.A. engages in construction business in Spain and internationally. It constructs hospitals, buildings and facilities, energy power plants, and infrastructure projects, as well as conserves parks and gardens; and undertakes civil, and engineering and industrial construction works. The company also researches and develops energy efficiency and renewable energy projects; and provides consultancy and project management services for the architecture, civil engineering/infrastructure, real estate management, technology, and development projects. In addition, it engages in agriculture and cattle businesses; and distributes sport and fashion clothes under the Arena, Teva, Hoka, Diadora, Hunter, Fred Perry clothing, and Dr. Martens brands. The company was formerly known as Udra S.A. and changed its name to Grupo Empresarial San José, S.A. in June 2008. Grupo Empresarial San José, S.A. was founded in 1962 and is headquartered in Pontevedra, Spain. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 21:58
End of Day Share Price2020/02/25 00:00
Earnings2019/09/30
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.