ENXTPA:ECASA

Stock Analysis Report

Executive Summary

ECA SA engages in the robotics, automated systems, simulation, and industrial businesses worldwide.

Snowflake

Fundamentals

Excellent balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has ECA's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.0%

ECASA

-0.8%

FR Aerospace & Defense

-0.9%

FR Market


1 Year Return

73.3%

ECASA

18.8%

FR Aerospace & Defense

12.5%

FR Market

Return vs Industry: ECASA exceeded the French Aerospace & Defense industry which returned 18.8% over the past year.

Return vs Market: ECASA exceeded the French Market which returned 12.5% over the past year.


Shareholder returns

ECASAIndustryMarket
7 Day2.0%-0.8%-0.9%
30 Day9.5%-2.4%-0.8%
90 Day12.9%-5.2%-0.5%
1 Year76.0%73.3%20.6%18.8%16.3%12.5%
3 Year30.0%26.5%99.9%90.3%43.1%29.1%
5 Year194.1%174.7%172.8%148.5%71.4%45.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is ECA undervalued compared to its fair value and its price relative to the market?

27.78x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ECASA (€25.3) is trading above our estimate of fair value (€7.79)

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


Price To Earnings Ratio

PE vs Industry: ECASA is poor value based on its PE Ratio (27.8x) compared to the Aerospace & Defense industry average (25.2x).

PE vs Market: ECASA is poor value based on its PE Ratio (27.8x) compared to the French market (17.3x).


Price to Earnings Growth Ratio

PEG Ratio: ECASA is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: ECASA is overvalued based on its PB Ratio (2.9x) compared to the FR Aerospace & Defense industry average (1.8x).


Next Steps

Future Growth

How is ECA forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

23.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ECASA's forecast earnings growth (23.6% per year) is above the savings rate (0.7%).

Earnings vs Market: ECASA's earnings (23.6% per year) are forecast to grow faster than the French market (11.4% per year).

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

Revenue vs Market: ECASA's revenue (14.8% per year) is forecast to grow faster than the French market (4.4% per year).

High Growth Revenue: ECASA's revenue (14.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ECASA's Return on Equity is forecast to be low in 3 years time (11.9%).


Next Steps

Past Performance

How has ECA performed over the past 5 years?

-9.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ECASA's earnings have declined by -9.2% per year over the past 5 years.

Accelerating Growth: ECASA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ECASA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (24.9%).


Return on Equity

High ROE: ECASA's Return on Equity (10.5%) is considered low.


Return on Assets

ROA vs Industry: ECASA has a higher Return on Assets than the Aerospace & Defense industry average last year.


Return on Capital Employed

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


Next Steps

Financial Health

How is ECA's financial position?


Financial Position Analysis

Short Term Liabilities: ECASA's short term assets (€117.6M) exceeds its short term liabilities (€81.4M)

Long Term Liabilities: ECASA's short term assets (117.6M) exceeds its long term liabilities (20.9M)


Debt to Equity History and Analysis

Debt Level: ECASA's debt to equity ratio (23.1%) is considered satisfactory

Reducing Debt: ECASA's debt to equity ratio has increased from 4.1% to 23.1% over the past 5 years.

Debt Coverage: ECASA's debt is well covered by operating cash flow (27.6%).

Interest Coverage: ECASA earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: ECASA's debt is covered by short term assets (assets are 6.6x debt).


Next Steps

Dividend

What is ECA's current dividend yield, its reliability and sustainability?

1.58%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%1.5%markettop25%4.7%industryaverage1.5%forecastin3Years1.4%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: ECASA's dividend (1.58%) is higher than the bottom 25% of dividend payers in the French market (1.55%).

High Dividend: ECASA's dividend (1.58%) is low compared to the top 25% of dividend payers in the French market (4.71%).

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (43.9%), ECASA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ECASA's dividends in 3 years are forecast to be well covered by earnings (28.5% payout ratio).


Next Steps

Management

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

3.5yrs

Average management tenure


CEO

Guenaël Guillerme 0

6.7yrs

Tenure

€60,000

Compensation

Mr. Guenaël Guillerme has been the Chief Executive Officer at ECA SA since February 2013. Mr. Guillerme serves as the Managing Director and Head of Robotics and Integrated Systems Department at ECA SA. Mr ...


CEO Compensation Analysis

Compensation vs. Market: Guenaël's total compensation ($USD66.73K) is about average for companies of similar size in the French market ($USD342.68K).

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


Management Age and Tenure

3.5yrs

Average Tenure

Experienced Management: ECASA's management team is considered experienced (3.5 years average tenure).


Board Age and Tenure

10.8yrs

Average Tenure

Experienced Board: ECASA's board of directors are seasoned and experienced ( 10.8 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-Louis Sambarino

    Head of Simulation Department and Director

    • Tenure: 0yrs
    • Compensation: €150.39k
  • Guenaël Guillerme

    CEO, MD

    • Tenure: 6.7yrs
    • Compensation: €60.00k
  • Gilbert Rosso

    Head of Aerospace Department

    • Tenure: 3.5yrs
  • Philippe Novelli (58yo)

    Chief Commercial Officer for the Robotics Division

    • Tenure: 1.5yrs

Board Members

  • Jean-Pierre Gorgé

    Director

    • Tenure: 15.4yrs
    • Compensation: €141.17k
  • Raphaël Gorgé

    Chairman of the Board

    • Tenure: 13.3yrs
    • Compensation: €307.59k
  • Jean-Louis Sambarino

    Head of Simulation Department and Director

    • Tenure: 0yrs
    • Compensation: €150.39k
  • Céline Leroy

    Director

    • Tenure: 5.3yrs
    • Compensation: €116.47k
  • Guenaël Guillerme

    CEO, MD

    • Tenure: 6.7yrs
    • Compensation: €60.00k
  • Catherine Gorgé

    Director

    • Tenure: 8.3yrs
    • Compensation: €10.00k

Company Information

ECA SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ECA SA
  • Ticker: ECASA
  • Exchange: ENXTPA
  • Founded: 1936
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: €222.179m
  • Shares outstanding: 8.78m
  • Website: https://www.ecagroup.com

Number of Employees


Location

  • ECA SA
  • 262, Rue Des Freres Lumiere
  • La Garde
  • Provence-Alpes-Côte d'Azur
  • 83130
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ECASAENXTPA (Euronext Paris)YesOrdinary SharesFREURJul 2004
0E8ALSE (London Stock Exchange)YesOrdinary SharesGBEURJul 2004
ECASAPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 2004

Biography

ECA SA engages in the robotics, automated systems, simulation, and industrial businesses worldwide. It designs, develops, supplies, and supports robotic systems, as well as training simulators, remotely op ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 20:31
End of Day Share Price2019/10/23 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.