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Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine

ENXTPA:CCN
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CCN
ENXTPA
€796M
Market Cap
  1. Home
  2. FR
  3. Banks
Company description

Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine provides various banking products and services to individuals, professionals, and businesses in France. The last earnings update was 199 days ago. More info.


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  • Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
CCN Share Price and Events
7 Day Returns
4.2%
ENXTPA:CCN
5.2%
FR Banks
3.5%
FR Market
1 Year Returns
4.2%
ENXTPA:CCN
-35.1%
FR Banks
-1.6%
FR Market
CCN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine (CCN) 4.2% 1.2% 2.7% 4.2% 24.8% 22.6%
FR Banks 5.2% -3.8% -11% -35.1% 0.3% -28.6%
FR Market 3.5% 5.5% 3.6% -1.6% 27.6% 25.6%
1 Year Return vs Industry and Market
  • CCN outperformed the Banks industry which returned -35.1% over the past year.
  • CCN outperformed the Market in France which returned -1.6% over the past year.
Price Volatility
CCN
Industry
5yr Volatility vs Market

Value

 Is Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine 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 Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine 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 Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine.

ENXTPA:CCN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= €317.40 * 5%
€15.75
Book Value of Equity per Share Median Book Value from the past 5 years. €317.40
Discount Rate (Cost of Equity) See below 9.6%
Perpetual Growth Rate 10-Year FR Government Bond Rate 0.7%

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 ENXTPA:CCN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 9.3%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.49
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.493 (1 + (1- 33%) (164.58%))
0.956
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (0.956 * 9.27%)
9.59%

Discounted Cash Flow Calculation for ENXTPA:CCN using Excess Returns Model Model

The calculations below outline how an intrinsic value for Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

ENXTPA:CCN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5% – 9.59%) * €317.40)
€-14.68
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-14.68 / (9.59% - 0.73%)
€-165.78
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €317.40 + €-165.78
€151.62
ENXTPA:CCN Discount to Share Price
Calculation Result
Value per share (EUR) From above. €151.62
Current discount Discount to share price of €131.50
= -1 x (€131.50 - €151.62) / €151.62
13.3%

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

Current Discount
Amount off the current price Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine is available for.
Intrinsic value
13%
Share price is €131.5 vs Future cash flow value of €151.62
Current Discount Checks
For Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's share price is below the future cash flow value, but not 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 Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:CCN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in EUR €14.20
ENXTPA:CCN Share Price ** ENXTPA (2019-02-18) in EUR €131.5
France Banks Industry PE Ratio Median Figure of 5 Publicly-Listed Banks Companies 7.35x
France Market PE Ratio Median Figure of 416 Publicly-Listed Companies 15.13x

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

** Primary Listing of Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine.

ENXTPA:CCN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:CCN Share Price ÷ EPS (both in EUR)

= 131.5 ÷ 14.20

9.26x

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

  • Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine is overvalued based on earnings compared to the FR Banks industry average.
  • Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine is good value based on earnings compared to the France market.
Price based on expected Growth
Does Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's expected growth come at a high price?
Raw Data
ENXTPA:CCN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Banks Industry PEG Ratio Median Figure of 110 Publicly-Listed Banks Companies 0.64x
France Market PEG Ratio Median Figure of 277 Publicly-Listed Companies 1.3x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's assets?
Raw Data
ENXTPA:CCN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in EUR €376.72
ENXTPA:CCN Share Price * ENXTPA (2019-02-18) in EUR €131.5
France Banks Industry PB Ratio Median Figure of 5 Publicly-Listed Banks Companies 0.5x
France Market PB Ratio Median Figure of 617 Publicly-Listed Companies 1.49x
ENXTPA:CCN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:CCN Share Price ÷ Book Value per Share (both in EUR)

= 131.5 ÷ 376.72

0.35x

* Primary Listing of Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine.

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

  • Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine is good value based on assets compared to the FR Banks industry average.
X
Value checks
We assess Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine'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 Banks 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 Banks industry average (and greater than 0)? (1 check)
  5. Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine has a total score of 2/6, 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.

Future Performance

 How is Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
8.2%
Expected Banks industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine expected to grow at an attractive rate?
  • Unable to compare Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's earnings growth to the France market average as no estimate data is available.
  • Unable to compare Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's revenue growth to the France market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ENXTPA:CCN Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Banks Industry Earnings Growth Rate Market Cap Weighted Average 8.2%
Europe Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
France Market Earnings Growth Rate Market Cap Weighted Average 12.2%
France Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*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
ENXTPA:CCN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:CCN Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-06-30 347 354 86
2018-03-31 351 278 89
2017-12-31 355 203 93
2017-09-30 355 341 92
2017-06-30 358 479 92
2017-03-31 360 468 94
2016-12-31 363 457 95
2016-09-30 372 252 106
2016-06-30 382 46 116
2016-03-31 386 98 118
2015-12-31 390 150 120
2015-09-30 388 70 119

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine is high growth as no earnings estimate data is available.
  • Unable to determine if Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine is high growth as no revenue estimate data is available.
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
ENXTPA:CCN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:CCN Past Financials Data
Date (Data in EUR Millions) EPS *
2018-06-30 14.20
2018-03-31 14.76
2017-12-31 15.31
2017-09-30 15.24
2017-06-30 15.17
2017-03-31 15.46
2016-12-31 15.75
2016-09-30 17.50
2016-06-30 19.23
2016-03-31 19.53
2015-12-31 19.82
2015-09-30 19.66

*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.
  • Unable to establish if Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Banks companies here
  3. Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine'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.
Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine 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.

Past Performance

  How has Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine performed over the past 5 years?

  • Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's last earnings update was 199 days ago.
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 Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's growth in the last year to its industry (Banks).
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.
  • Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's 1-year earnings growth is negative, it can't be compared to the FR Banks industry average.
Earnings and Revenue History
Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine'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 Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:CCN Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 346.64 85.96 12.16
2018-03-31 351.07 89.32 11.66
2017-12-31 355.50 92.68 11.16
2017-09-30 354.75 92.23 10.71
2017-06-30 358.00 91.78 10.27
2017-03-31 360.36 93.56 10.13
2016-12-31 362.72 95.33 9.99
2016-09-30 372.33 105.87 9.95
2016-06-30 381.94 116.41 9.90
2016-03-31 385.72 118.19 10.01
2015-12-31 389.50 119.96 10.11
2015-09-30 387.83 119.00 10.16
2015-06-30 386.15 118.03 10.20
2015-03-31 380.87 114.37 10.07
2014-12-31 375.59 110.72 9.94
2014-09-30 382.75 113.87 9.77
2014-06-30 389.90 118.41 9.60
2014-03-31 388.92 117.85 9.48
2013-12-31 387.94 117.29 9.37
2013-09-30 378.21 111.01 9.14
2013-06-30 368.48 104.73 8.91
2013-03-31 360.57 100.43 8.68
2012-12-31 352.66 96.14 8.46
2012-09-30 347.07 95.49 8.77
2012-06-30 341.48 94.83 9.09
2012-03-31 345.20 101.10 9.24

*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.
  • Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine used its assets more efficiently than the FR Banks industry average last year based on Return on Assets.
  • Unable to establish if Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine'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 Banks 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.
Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine has a total score of 1/6, 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.

Health

 How is Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine'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.
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 Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine Company Filings, last reported 7 months ago.

ENXTPA:CCN Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 2,280.22 1,309.85 102.83
2018-03-31 2,280.22 1,309.85 102.83
2017-12-31 2,032.07 1,314.96 365.48
2017-09-30 2,032.07 1,314.96 365.48
2017-06-30 1,971.67 878.58 93.28
2017-03-31 1,971.67 878.58 93.28
2016-12-31 1,920.78 312.60 202.52
2016-09-30 1,920.78 312.60 202.52
2016-06-30 1,882.60 309.67 107.42
2016-03-31 1,882.60 309.67 107.42
2015-12-31 1,834.64 282.38 244.04
2015-09-30 1,834.64 282.38 244.04
2015-06-30 1,777.96 321.16 97.85
2015-03-31 1,777.96 321.16 97.85
2014-12-31 1,724.18 434.54 114.29
2014-09-30 1,723.71 434.54 114.29
2014-06-30 1,668.38 499.18 229.40
2014-03-31 1,668.38 499.18 229.40
2013-12-31 1,617.56 474.86 120.09
2013-09-30 1,617.56 474.86 120.09
2013-06-30 1,547.00 663.36 139.01
2013-03-31 1,547.00 663.36 139.01
2012-12-31 1,504.62 640.84 161.62
2012-09-30 1,504.62 640.84 161.62
2012-06-30 1,456.50 544.65 164.73
2012-03-31 1,456.50 544.65 164.73
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine has an acceptable proportion of non-loan assets held.
  • Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's liabilities are made up of primarily low risk sources of funding.
  • Loans at Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine are broadly funded by customer deposits.
  • Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine has a sufficient allowance for bad loans.
  • Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine'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. Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine has a total score of 6/6, 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.

Dividends

 What is Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine'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
3.91%
Current annual income from Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine dividends.
If you bought €2,000 of Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine shares you are expected to receive €78 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?
  • Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.65%).
  • Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's dividend is below the markets top 25% of dividend payers in France (4.41%).
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
ENXTPA:CCN 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 0 Analyst Estimates (S&P Global) See Below
France Banks Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 7.4%
France Market Average Dividend Yield Market Cap Weighted Average of 320 Stocks 3.1%
France Minimum Threshold Dividend Yield 10th Percentile 1%
France Bottom 25% Dividend Yield 25th Percentile 1.7%
France Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

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

ENXTPA:CCN Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-03-05 5.140 3.994
2017-03-07 5.490 4.549
2016-03-04 5.490 5.364
2015-03-06 5.330 5.026
2014-02-21 5.110 4.899
2013-03-12 4.970 6.228
2012-07-31 5.080 8.230
2012-02-29 5.080 8.478
2012-02-22 5.080 7.572
2011-02-28 4.970 7.402
2011-02-15 4.970 6.418
2010-04-20 4.470 6.518
2010-02-09 4.470 6.078
2009-04-02 4.510 7.865
2009-02-19 4.630 11.063

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 Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine'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
Nicolas Denis
COMPENSATION €377,663
AGE 51
TENURE AS CEO 3 years
CEO Bio

Mr. Nicolas Denis has been Director of Crédit Agricole Assurances, since July 27, 2017.

CEO Compensation
  • Nicolas's compensation has increased by more than 20% in the past year.
  • Nicolas's remuneration is lower than average for companies of similar size in France.
Management Team

Nicolas Denis

TITLE
Director General
COMPENSATION
€378K
AGE
51
TENURE
3 yrs

Philippe Pouillot

TITLE
Director of Finance & Real Estate
TENURE
5.1 yrs

Véronique Martinez

TITLE
Director of Digital Marketing & Organization

Bernard Augris

TITLE
Human Resources Director of Mutualism & Communication

Pascal Lebouteiller

TITLE
Director of Credits & Agriculture
Board of Directors Tenure

Average tenure of the Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine board of directors in years:

5.1
Average Tenure
  • The tenure for the Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine board of directors is about average.
Board of Directors

Pascal Lheureux

TITLE
Chairman of the Board
COMPENSATION
€66K
TENURE
5.1 yrs

Denis Callens

TITLE
Third Vice Chairman of the Board
TENURE
6.1 yrs

Jean-Louis Maurice

TITLE
First Vice Chairman of the Board
TENURE
5.1 yrs

Catherine Lillini

TITLE
Second Vice Chairman of the Board

Régis Saadi

TITLE
Director

Dominique David

TITLE
Director

Catherine de Witasse Thezy

TITLE
Director

Noël Dufour

TITLE
Director

Chantal Vermeulen

TITLE
Director

Régis Cavillon

TITLE
Director
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 Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine'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. Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine 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.

News

Simply Wall St News

Is Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine (EPA:CCN) A Smart Pick For Income Investors?

Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine (EPA:CCN) has pleased shareholders over the past 10 years, paying out an average dividend of 7.00% annually. … Let's dig deeper into whether Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine should have a place in your portfolio. … View our latest analysis for Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine

Simply Wall St -

Is Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine (EPA:CCN) Over-Exposed To Risk?

As a small-cap bank with a market capitalisation of €771.12m, Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine’s (EPA:CCN) profit and value are directly affected by economic growth. … Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine’s bottom line. … Today we will analyse Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank.

Simply Wall St -

Why Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine (ENXTPA:CCN) Is Truly A Standout Investment

In the case of Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine (ENXTPA:CCN), there's. … that has been able to sustain great financial health over the past … If you're interested in understanding beyond my high-level commentary,

Simply Wall St -

What You Must Know About Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's (EPA:CCN) Return on Equity

Check out our latest analysis for Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine Peeling the layers of ROE – trisecting a company’s profitability Return on Equity (ROE) is a measure of Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine’s equity capital deployed. … Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine’s ROE is underwhelming relative to the industry average, and its returns were also not strong enough to cover its own cost of equity.

Simply Wall St -

With A -2.77% Earnings Drop, Is Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's (EPA:CCN) A Concern?

Measuring Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's (ENXTPA:CCN) track record of past performance is a useful exercise for investors. … Since these figures may be relatively short-term thinking, I have calculated an annualized five-year value for Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's net income, which stands at €106.74M This doesn't look much better, as earnings seem to have steadily been diminishing over time. … This suggest that Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine has been increasing expenses, which is harming margins and earnings, and is not a sustainable practice.

Simply Wall St -

Why These Fundamentals Make Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine’s (EPA:CCN) More Attractive

Today we will be measuring Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine’s financial risk position by looking at three leverage and liquidity metrics. … Though banks are required to have a certain level of buffer to meet its capital requirements, Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine’s leverage level of 7x is significantly below the appropriate ceiling of 20x. … Relative to the prudent industry loan to deposit level of 90%, Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine’s ratio of over 106.83% is higher, which places the bank in a relatively dangerous position given the negative liquidity discrepancy.

Simply Wall St -

Does Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine's (EPA:CCN) PE Ratio Warrant A Buy?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for CCN Price per share = €126.48 Earnings per share = €15.315 ∴ Price-Earnings Ratio = €126.48 ÷ €15.315 = 8.3x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … CCN’s P/E of 8.3x is lower than its industry peers (9x), which implies that each dollar of CCN’s earnings is being undervalued by investors. … For example, if you are inadvertently comparing lower risk firms with CCN, then CCN’s P/E would naturally be lower than its peers, since investors would value those with lower risk with a higher price.

Simply Wall St -

Company Info

Map
Description

Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine provides various banking products and services to individuals, professionals, and businesses in France. It offers savings accounts; real estate loans and consumer credit; financial investment and retirement products; life and property insurance products; and payment, factoring, and leasing services. The company is based in Bois Guillaume, France.

Details
Name: Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine
CCN
Exchange: ENXTPA
Founded:
€795,884,682
6,052,355
Website: http://www.ca-normandie-seine.fr
Address: Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine
Cité de l’Agriculture,
Chemin de la Bretèque,
Bois Guillaume,
Haute-Normandie, 76230,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA CCN Co-operative Investment Certificates Euronext Paris FR EUR 14. May 2001
LSE 0O40 Co-operative Investment Certificates London Stock Exchange GB EUR 14. May 2001
BATS-CHIXE CCNP Co-operative Investment Certificates BATS 'Chi-X Europe' GB EUR 14. May 2001
Number of employees
Current staff
Staff numbers
1,872
Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/18 21:02
End of day share price update: 2019/02/18 00:00
Last earnings filing: 2018/08/03
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.