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GLE

Société Générale Société anonyme ENXTPA:GLE Stock Report

Last Price

€22.77

Market Cap

€18.8b

7D

4.3%

1Y

-17.3%

Updated

07 Aug, 2022

Data

Company Financials +
GLE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance1/6
Financial Health2/6
Dividends4/6

GLE Stock Overview

Société Générale Société anonyme provides financial services to individual, business, and institutional investors in Europe and internationally.

Société Générale Société anonyme Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Société Générale Société anonyme
Historical stock prices
Current Share Price€22.77
52 Week High€37.68
52 Week Low€18.34
Beta1.81
1 Month Change9.34%
3 Month Change3.50%
1 Year Change-17.31%
3 Year Change2.22%
5 Year Change-51.77%
Change since IPO41.41%

Recent News & Updates

Shareholder Returns

GLEFR BanksFR Market
7D4.3%5.7%0.2%
1Y-17.3%-14.2%-6.7%

Return vs Industry: GLE underperformed the French Banks industry which returned -14.2% over the past year.

Return vs Market: GLE underperformed the French Market which returned -6.7% over the past year.

Price Volatility

Is GLE's price volatile compared to industry and market?
GLE volatility
GLE Average Weekly Movement5.4%
Banks Industry Average Movement3.5%
Market Average Movement5.0%
10% most volatile stocks in FR Market9.0%
10% least volatile stocks in FR Market2.9%

Stable Share Price: GLE is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: GLE's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1864117,000Frederic Oudeahttps://www.societegenerale.com

Société Générale Société anonyme provides financial services to individual, business, and institutional investors in Europe and internationally. It offers retail banking services under the Societe Generale, Credit du Nord, and Boursorama brand names; and insurance, investor, and other financial services. The company was founded in 1864 and is based in Paris, France.

Société Générale Société anonyme Fundamentals Summary

How do Société Générale Société anonyme's earnings and revenue compare to its market cap?
GLE fundamental statistics
Market Cap€18.85b
Earnings (TTM)€1.88b
Revenue (TTM)€27.20b

10.0x

P/E Ratio

0.3x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GLE income statement (TTM)
Revenue€27.20b
Cost of Revenue€0
Gross Profit€27.20b
Other Expenses€25.32b
Earnings€1.88b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 04, 2022

Earnings per share (EPS)2.27
Gross Margin100.00%
Net Profit Margin6.91%
Debt/Equity Ratio487.7%

How did GLE perform over the long term?

See historical performance and comparison

Dividends

7.2%

Current Dividend Yield

68%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is GLE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GLE?

Other financial metrics that can be useful for relative valuation.

GLE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.2x

Price to Earnings Ratio vs Peers

How does GLE's PE Ratio compare to its peers?

GLE PE Ratio vs Peers
The above table shows the PE ratio for GLE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.4x
ACA Crédit Agricole
5.8x6.4%€29.4b
BNP BNP Paribas
6.8x-5.4%€60.2b
MLCFM CFM Indosuez Wealth Management
19xn/a€552.9m
CAF Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France
5.9xn/a€2.0b
GLE Société Générale Société anonyme
10x44.0%€18.8b

Price-To-Earnings vs Peers: GLE is expensive based on its Price-To-Earnings Ratio (10x) compared to the peer average (9.4x).


Price to Earnings Ratio vs Industry

How does GLE's PE Ratio compare vs other companies in the European Banks Industry?

Price-To-Earnings vs Industry: GLE is expensive based on its Price-To-Earnings Ratio (10x) compared to the French Banks industry average (5.1x)


Price to Earnings Ratio vs Fair Ratio

What is GLE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GLE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10x
Fair PE Ratio15.6x

Price-To-Earnings vs Fair Ratio: GLE is good value based on its Price-To-Earnings Ratio (10x) compared to the estimated Fair Price-To-Earnings Ratio (15.6x).


Share Price vs Fair Value

What is the Fair Price of GLE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GLE (€22.77) is trading below our estimate of fair value (€53.27)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

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

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


44.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GLE's forecast earnings growth (44% per year) is above the savings rate (0.3%).

Earnings vs Market: GLE's earnings (44% per year) are forecast to grow faster than the French market (11.5% per year).

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

Revenue vs Market: GLE's revenue (2.1% per year) is forecast to grow slower than the French market (5.3% per year).

High Growth Revenue: GLE's revenue (2.1% 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 (8.5%).


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Past Performance

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

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-1.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GLE has high quality earnings.

Growing Profit Margin: GLE's current net profit margins (6.9%) are lower than last year (13.3%).


Past Earnings Growth Analysis

Earnings Trend: GLE's earnings have declined by 1.3% per year over the past 5 years.

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

Earnings vs Industry: GLE had negative earnings growth (-37%) over the past year, making it difficult to compare to the Banks industry average (56.3%).


Return on Equity

High ROE: GLE's Return on Equity (5.1%) is considered low.


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Financial Health

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

Financial Health Score

2/6

Financial Health Score 2/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: GLE's Assets to Equity ratio (21.9x) is very high.

Allowance for Bad Loans: GLE has a low allowance for bad loans (68%).

Low Risk Liabilities: 65% 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 (33%).

Low Risk Deposits: GLE's Loans to Deposits ratio (98%) is appropriate.

Level of Bad Loans: GLE has a high level of bad loans (3.3%).


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


7.25%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: GLE's dividend (7.25%) is higher than the bottom 25% of dividend payers in the French market (1.68%).

High Dividend: GLE's dividend (7.25%) is in the top 25% of dividend payers in the French market (5.27%)


Stability and Growth of Payments

Stable Dividend: GLE has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: GLE's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (67.6%), GLE's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GLE's dividends in 3 years are forecast to be well covered by earnings (31.9% payout ratio).


Discover strong dividend paying companies

Management

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

3.0yrs

Average management tenure


CEO

Frederic Oudea (59 yo)

14.25yrs

Tenure

€3,757,418

Compensation

Mr. Frederic Oudea has been the Chief Executive Officer and Managing Director of Société Générale SA since May 13, 2008. He served as Chairman of the French Banking Federation at Crédit Agricole SA until S...


CEO Compensation Analysis

Compensation vs Market: Frederic's total compensation ($USD3.82M) is about average for companies of similar size in the French market ($USD3.82M).

Compensation vs Earnings: Frederic's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: GLE's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: GLE's board of directors are considered experienced (8.3 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 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
  • Implied Market Cap: €18.845b
  • Shares outstanding: 827.64m
  • Website: https://www.societegenerale.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.