ENXTPA:GLE

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Société Générale Société anonyme

Executive Summary

Société Générale Société anonyme provides financial services in Europe, Asia, Oceania, Africa, and France. More Details


Snowflake Analysis

Moderate growth potential with imperfect balance sheet.


Similar Companies

Share Price & News

How has Société Générale Société anonyme's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GLE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.6%

GLE

-0.7%

FR Banks

-1.3%

FR Market


1 Year Return

-53.2%

GLE

-37.8%

FR Banks

-7.5%

FR Market

Return vs Industry: GLE underperformed the French Banks industry which returned -36.9% over the past year.

Return vs Market: GLE underperformed the French Market which returned -6.4% over the past year.


Shareholder returns

GLEIndustryMarket
7 Day0.6%-0.7%-1.3%
30 Day6.3%-1.5%2.9%
90 Day-17.5%-15.7%-1.4%
1 Year-53.2%-53.2%-37.7%-37.8%-5.5%-7.5%
3 Year-70.2%-74.4%-48.9%-55.0%5.9%-3.2%
5 Year-63.4%-71.6%-31.9%-45.5%30.8%11.4%

Price Volatility Vs. Market

How volatile is Société Générale Société anonyme's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Société Générale Société anonyme undervalued compared to its fair value and its price relative to the market?

0.17x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: GLE (€12.39) is trading above our estimate of fair value (€5.54)

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


Price To Earnings Ratio

PE vs Industry: GLE is unprofitable, so we can't compare its PE Ratio to the FR Banks industry average.

PE vs Market: GLE is unprofitable, so we can't compare its PE Ratio to the French market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GLE's PB Ratio (0.2x) is in line with the FR Banks industry average.


Next Steps

Future Growth

How is Société Générale Société anonyme forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

75.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GLE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.6%).

Earnings vs Market: GLE is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: GLE's is expected to become profitable in the next 3 years.

Revenue vs Market: GLE's revenue (4.5% per year) is forecast to grow slower than the French market (6.7% per year).

High Growth Revenue: GLE's revenue (4.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GLE's Return on Equity is forecast to be low in 3 years time (4.6%).


Next Steps

Past Performance

How has Société Générale Société anonyme performed over the past 5 years?

-14.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GLE is currently unprofitable.

Growing Profit Margin: GLE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GLE is unprofitable, and losses have increased over the past 5 years at a rate of 14% per year.

Accelerating Growth: Unable to compare GLE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GLE is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (-39.8%).


Return on Equity

High ROE: GLE has a negative Return on Equity (0.75%), as it is currently unprofitable.


Next Steps

Financial Health

How is Société Générale Société anonyme's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: GLE's Assets to Equity ratio (22.1x) is very high.

Allowance for Bad Loans: GLE has a low allowance for bad loans (69%).

Low Risk Liabilities: 60% of GLE's liabilities are made up of primarily higher risk sources of funding.

Loan Level: GLE has an appropriate level of Loans to Assets ratio (31%).

Low Risk Deposits: GLE's Loans to Deposits ratio (80%) is appropriate.

Level of Bad Loans: GLE has a high level of bad loans (3.8%).


Next Steps

Dividend

What is Société Générale Société anonyme current dividend yield, its reliability and sustainability?

6.22%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate GLE'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 GLE's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: GLE is not paying a notable dividend for the French market.


Future Payout to Shareholders

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


Next Steps

Management

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

4.1yrs

Average management tenure


CEO

Frédéric Oudéa (57 yo)

12.42yrs

Tenure

€3,542,299

Compensation

Mr. Frédéric Oudéa has been the Chief Executive Officer of Société Générale SA/Societe Generale Group since May 13, 2008. He served as Chairman of the French Banking Federation at Crédit Agricole SA until ...


CEO Compensation Analysis

Compensation vs Market: Frédéric's total compensation ($USD4.20M) is about average for companies of similar size in the French market ($USD4.00M).

Compensation vs Earnings: Frédéric's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Frédéric Oudéa
CEO & Director12.42yrs€3.54m0.025%
€ 2.6m
Diony Lebot
Deputy Chief Executive Officer4.25yrs€2.10m0.0018%
€ 184.3k
Severin Cabannes
Deputy Chief Executive Officer12.42yrs€1.96m0.011%
€ 1.2m
Philippe Aymerich
Deputy Chief Executive Officer2.42yrs€2.13m0.0025%
€ 266.4k
William Kadouch-Chassaing
Deputy GM & Head of Finance2.42yrsno datano data
Carlos Goncalves
Head of Global Technology Services3.92yrsno datano data
Delphine Garcin-Meunier
Head of Investor Relations and Financial Communicationno datano datano data
Edouard-Malo Henry
Group Head of Compliance3.33yrsno datano data
Dominique Bourrinet
Group General Counsel6.75yrsno datano data
Caroline Guillaumin
Group Head of Human Resources & Communication3.33yrsno datano data
Donato Gonzalez-Sanchez
Head of Corporate & IB16.08yrsno datano data
Giovanni Ortolani
Managing Director of Corporate & Investment Bankingno datano datano data

4.1yrs

Average Tenure

56yo

Average Age

Experienced Management: GLE's management team is considered experienced (4.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Frédéric Oudéa
CEO & Director12.42yrs€3.54m0.025%
€ 2.6m
Albert Le Dirac'h
Group Country Head of Czech Republic & Slovakia7.17yrsno datano data
Marc Vienot
Honorary Chairman of the Boardno data€6.70kno data
Jean-Bernard Lévy
Independent Director11.42yrs€132.23k0.00012%
€ 12.6k
Gérard Mestrallet
Independent Director5.42yrs€132.23k0.00014%
€ 14.7k
Juan Maria Nin Génova
Independent Director4.08yrs€148.81k0.00020%
€ 21.1k
Lorenzo Bini Smaghi
Independent Chairman of the Board5.42yrs€979.38k0.00026%
€ 27.4k
Kyra Hazou
Independent Director9.42yrs€163.88k0.00013%
€ 13.7k
William L. Connelly
Independent Director3.42yrs€146.51k0.00026%
€ 27.4k
France Houssaye
Employee Representative Director11.58yrs€146.41kno data
Alexandra Elisabeth Johanna Schaapveld
Independent Director7.42yrs€241.11k0.00012%
€ 12.6k
Lubomira Rochet
Independent Director3.42yrs€70.45k0.00012%
€ 12.6k

7.2yrs

Average Tenure

64yo

Average Age

Experienced Board: GLE's board of directors are considered experienced (7.2 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

Société Générale Société anonyme's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Société Générale Société anonyme
  • Ticker: GLE
  • Exchange: ENXTPA
  • Founded: 1864
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €10.529b
  • Shares outstanding: 849.66m
  • Website: https://www.societegenerale.com

Number of Employees


Location

  • Société Générale Société anonyme
  • 29, boulevard Haussmann
  • Paris
  • Ile-de-France
  • 75009
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SGEDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
GLEENXTPA (Euronext Paris)YesCommon StockFREURJan 1992
0J6YLSE (London Stock Exchange)YesCommon StockGBEURJan 1992
GLEBIT (Borsa Italiana)YesCommon StockITEURJan 1992
SGEXTRA (XETRA Trading Platform)YesCommon StockDEEURJan 1992
GLEPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURJan 1992
GLE NBMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNJan 1992
GLESWX (SIX Swiss Exchange)YesCommon StockCHCHFJan 1992
GLEWBAG (Wiener Boerse AG)YesCommon StockATEURJan 1992
SCGL.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992
SCGL.YOTCPK (Pink Sheets LLC)SPON ADR-EACH 5 CNV INTO 1 ORD EUR1.25USUSDAug 1993
SGE1DB (Deutsche Boerse AG)SPON ADR-EACH 5 CNV INTO 1 ORD EUR1.25DEEURAug 1993

Biography

Société Générale Société anonyme provides financial services in Europe, Asia, Oceania, Africa, and France. The company offers retail banking services to individuals, professionals, local authorities, and b ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 20:45
End of Day Share Price2020/10/21 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.