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Eiffage

ENXTPA:FGR
Snowflake Description

Second-rate dividend payer and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FGR
ENXTPA
€9B
Market Cap
  1. Home
  2. FR
  3. Capital Goods
Company description

Eiffage SA engages in construction, infrastructures, energy systems, and concessions businesses in France and internationally. The last earnings update was 49 days ago. More info.


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FGR Share Price and Events
7 Day Returns
-1.4%
ENXTPA:FGR
2.6%
FR Construction
0.6%
FR Market
1 Year Returns
-8.5%
ENXTPA:FGR
-5.7%
FR Construction
-3.9%
FR Market
FGR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eiffage (FGR) -1.4% 1.6% 6.9% -8.5% 32.1% 73.5%
FR Construction 2.6% -1.2% 8% -5.7% 26.6% 42.8%
FR Market 0.6% -3.3% 3.8% -3.9% 27.3% 27.2%
1 Year Return vs Industry and Market
  • FGR underperformed the Construction industry which returned -5.7% over the past year.
  • FGR underperformed the Market in France which returned -3.9% over the past year.
Price Volatility
FGR
Industry
5yr Volatility vs Market
Related Companies

FGR Value

 Is Eiffage 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 Eiffage 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 Eiffage.

ENXTPA:FGR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.1%
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:FGR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
Construction Unlevered Beta Simply Wall St/ S&P Global 0.98
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.983 (1 + (1- 33%) (162.61%))
1.707
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.71
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (1.707 * 6.65%)
12.08%

Discounted Cash Flow Calculation for ENXTPA:FGR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Eiffage is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ENXTPA:FGR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 12.08%)
2019 1,064.92 Analyst x7 950.11
2020 1,249.44 Analyst x8 994.57
2021 1,393.67 Analyst x4 989.78
2022 1,309.00 Analyst x1 829.43
2023 1,254.43 Est @ -4.17% 709.16
2024 1,220.58 Est @ -2.7% 615.63
2025 1,200.20 Est @ -1.67% 540.10
2026 1,188.82 Est @ -0.95% 477.30
2027 1,183.54 Est @ -0.44% 423.95
2028 1,182.47 Est @ -0.09% 377.91
Present value of next 10 years cash flows €6,907.93
ENXTPA:FGR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €1,182.47 × (1 + 0.73%) ÷ (12.08% – 0.73%)
€10,494.38
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €10,494.38 ÷ (1 + 12.08%)10
€3,353.90
ENXTPA:FGR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €6,907.93 + €3,353.90
€10,261.83
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €10,261.83 / 99.04
€103.61
ENXTPA:FGR Discount to Share Price
Calculation Result
Value per share (EUR) From above. €103.61
Current discount Discount to share price of €89.40
= -1 x (€89.40 - €103.61) / €103.61
13.7%

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

Current Discount
Amount off the current price Eiffage is available for.
Intrinsic value
14%
Share price is €89.4 vs Future cash flow value of €103.61
Current Discount Checks
For Eiffage to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Eiffage's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Eiffage'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 Eiffage's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Eiffage's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:FGR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €6.49
ENXTPA:FGR Share Price ** ENXTPA (2019-05-22) in EUR €89.4
France Construction Industry PE Ratio Median Figure of 5 Publicly-Listed Construction Companies 13.87x
France Market PE Ratio Median Figure of 419 Publicly-Listed Companies 17.44x

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

** Primary Listing of Eiffage.

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

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

= 89.4 ÷ 6.49

13.78x

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

  • Eiffage is good value based on earnings compared to the FR Construction industry average.
  • Eiffage is good value based on earnings compared to the France market.
Price based on expected Growth
Does Eiffage's expected growth come at a high price?
Raw Data
ENXTPA:FGR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
8.3%per year
Europe Construction Industry PEG Ratio Median Figure of 46 Publicly-Listed Construction Companies 1.16x
France Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

ENXTPA:FGR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.78x ÷ 8.3%

1.66x

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

  • Eiffage is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Eiffage's assets?
Raw Data
ENXTPA:FGR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €49.21
ENXTPA:FGR Share Price * ENXTPA (2019-05-22) in EUR €89.4
France Construction Industry PB Ratio Median Figure of 6 Publicly-Listed Construction Companies 1.43x
France Market PB Ratio Median Figure of 620 Publicly-Listed Companies 1.44x
ENXTPA:FGR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 89.4 ÷ 49.21

1.82x

* Primary Listing of Eiffage.

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

  • Eiffage is overvalued based on assets compared to the FR Construction industry average.
X
Value checks
We assess Eiffage'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 Construction 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 Construction industry average (and greater than 0)? (1 check)
  5. Eiffage 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.

FGR Future Performance

 How is Eiffage expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

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
8.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Eiffage expected to grow at an attractive rate?
  • Eiffage's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Eiffage's earnings growth is positive but not above the France market average.
  • Eiffage's revenue growth is positive but not above the France market average.
Annual Growth Rates Comparison
Raw Data
ENXTPA:FGR Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:FGR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 8.3%
ENXTPA:FGR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 2.3%
France Construction Industry Earnings Growth Rate Market Cap Weighted Average 8.6%
Europe Construction Industry Revenue Growth Rate Market Cap Weighted Average 2.8%
France Market Earnings Growth Rate Market Cap Weighted Average 13.3%
France Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:FGR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:FGR Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 18,320 1
2021-12-31 18,176 1,976 808 8
2020-12-31 17,776 1,962 763 15
2019-12-31 17,418 1,813 711 14
ENXTPA:FGR Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 16,890 1,599 629
2018-09-30 16,462 1,479 611
2018-06-30 15,929 1,358 589
2018-03-31 15,596 1,346 567
2017-12-31 15,368 1,334 548
2017-09-30 15,121 1,205 532
2017-06-30 14,874 1,076 515
2017-03-31 14,591 1,122 495
2016-12-31 14,307 1,167 475
2016-09-30 14,166 1,233 421
2016-06-30 14,024 1,299 366
2016-03-31 14,042 1,265 339

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Eiffage's earnings are expected to grow by 8.3% yearly, however this is not considered high growth (20% yearly).
  • Eiffage's revenue is expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
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:FGR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Eiffage Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:FGR Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 8.34 8.88 7.64 6.00
2020-12-31 7.84 8.70 7.24 9.00
2019-12-31 7.33 7.61 6.76 10.00
ENXTPA:FGR Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 6.49
2018-09-30 6.31
2018-06-30 6.10
2018-03-31 5.91
2017-12-31 5.76
2017-09-30 5.62
2017-06-30 5.49
2017-03-31 5.31
2016-12-31 5.12
2016-09-30 4.55
2016-06-30 3.98
2016-03-31 3.71

*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.
  • Eiffage is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Eiffage'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 France 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.
Eiffage has a total score of 1/6, 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.

FGR Past Performance

  How has Eiffage performed over the past 5 years?

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 Eiffage's growth in the last year to its industry (Construction).
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.
  • Eiffage has delivered over 20% year on year earnings growth in the past 5 years.
  • Eiffage's 1-year earnings growth is less than its 5-year average (14.8% vs 20.7%)
  • Eiffage's earnings growth has not exceeded the Europe Construction industry average in the past year (14.8% vs 15.9%).
Earnings and Revenue History
Eiffage'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 Eiffage Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:FGR Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 16,890.00 629.00 10,670.00
2018-09-30 16,462.00 610.50 10,273.00
2018-06-30 15,929.00 589.00 9,880.00
2018-03-31 15,596.00 567.00 9,676.50
2017-12-31 15,368.00 548.00 9,469.00
2017-09-30 15,121.00 531.50 9,383.50
2017-06-30 14,874.00 515.00 9,298.00
2017-03-31 14,590.50 495.00 9,148.50
2016-12-31 14,307.00 475.00 8,999.00
2016-09-30 14,165.50 420.50 8,897.50
2016-06-30 14,024.00 366.00 8,796.00
2016-03-31 14,042.00 339.00 8,749.50
2015-12-31 14,060.00 312.00 8,703.00
2015-09-30 14,007.00 298.50 8,750.50
2015-06-30 13,954.00 285.00 8,798.00
2015-03-31 13,951.00 280.00 8,871.50
2014-12-31 13,948.00 275.00 8,945.00
2014-09-30 14,119.50 271.50 9,047.50
2014-06-30 14,291.00 268.00 9,150.00
2014-03-31 14,281.50 262.50 9,137.00
2013-12-31 14,272.00 257.00 9,124.00
2013-09-30 14,108.50 242.00 9,021.50
2013-06-30 13,945.00 227.00 8,919.00
2013-03-31 13,986.50 224.00 8,933.00
2012-12-31 14,028.00 221.00 8,947.00
2012-09-30 13,930.50 217.50 8,955.00
2012-06-30 13,833.00 214.00 8,963.00

*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.
  • Eiffage has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Eiffage used its assets less efficiently than the FR Construction industry average last year based on Return on Assets.
  • Eiffage has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Eiffage'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 Construction 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.
Eiffage has a total score of 2/6, 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.

FGR Health

 How is Eiffage's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Eiffage's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eiffage's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Eiffage's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Eiffage'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.8x debt.
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 Eiffage Company Filings, last reported 4 months ago.

ENXTPA:FGR Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,635.00 14,398.00 3,752.00
2018-09-30 5,635.00 14,398.00 3,752.00
2018-06-30 5,331.00 14,238.00 3,155.00
2018-03-31 5,331.00 14,238.00 3,155.00
2017-12-31 5,137.00 15,137.00 4,587.00
2017-09-30 5,137.00 15,137.00 4,587.00
2017-06-30 4,677.00 15,142.00 3,380.00
2017-03-31 4,677.00 15,142.00 3,380.00
2016-12-31 4,265.00 16,107.00 4,485.00
2016-09-30 4,265.00 16,107.00 4,485.00
2016-06-30 3,656.00 15,742.00 3,326.00
2016-03-31 3,656.00 15,742.00 3,326.00
2015-12-31 3,472.00 15,835.00 3,661.00
2015-09-30 3,472.00 15,835.00 3,661.00
2015-06-30 3,211.00 15,300.00 2,417.00
2015-03-31 3,211.00 15,300.00 2,417.00
2014-12-31 2,978.00 17,078.00 4,282.00
2014-09-30 2,978.00 17,078.00 4,282.00
2014-06-30 2,804.00 16,122.00 2,684.00
2014-03-31 2,804.00 16,122.00 2,684.00
2013-12-31 2,708.00 15,536.00 2,112.00
2013-09-30 2,708.00 15,536.00 2,112.00
2013-06-30 2,378.00 15,798.00 1,514.00
2013-03-31 2,378.00 15,798.00 1,514.00
2012-12-31 2,205.00 15,727.00 1,971.00
2012-09-30 2,205.00 15,727.00 1,971.00
2012-06-30 2,192.00 15,802.00 1,673.00
  • Eiffage's level of debt (255.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (573.7% vs 255.5% today).
  • Debt is not well covered by operating cash flow (11.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5x coverage).
X
Financial health checks
We assess Eiffage'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. Eiffage has a total score of 2/6, 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.

FGR Dividends

 What is Eiffage'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
2.68%
Current annual income from Eiffage dividends. Estimated to be 3.22% next year.
If you bought €2,000 of Eiffage shares you are expected to receive €54 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?
  • Eiffage's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.58%).
  • Eiffage's dividend is below the markets top 25% of dividend payers in France (4.5%).
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:FGR 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 15 Analyst Estimates (S&P Global) See Below
France Construction Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 3.4%
France Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.1%
France Minimum Threshold Dividend Yield 10th Percentile 0.9%
France Bottom 25% Dividend Yield 25th Percentile 1.6%
France Top 25% Dividend Yield 75th Percentile 4.5%

Industry and Market average data is calculated daily.

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

ENXTPA:FGR Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 3.28 9.00
2020-12-31 2.89 16.00
2019-12-31 2.64 16.00
ENXTPA:FGR Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-03 2.400 2.679
2019-02-27 2.400 2.779
2018-04-04 2.000 2.240
2018-02-28 2.000 2.180
2017-03-30 1.500 1.755
2017-02-22 1.500 2.154
2016-03-31 1.500 2.245
2016-02-24 1.500 2.299
2015-03-26 1.200 2.164
2015-02-25 1.200 2.278
2014-03-27 1.200 2.593
2014-02-26 1.200 2.277
2013-02-27 1.200 3.067
2012-02-23 1.200 4.419
2011-02-24 1.200 4.216
2010-04-06 1.200 3.261
2010-01-15 1.200 3.203

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

  • Whilst dividend payments have been stable, Eiffage has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Eiffage only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Eiffage's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess Eiffage's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Eiffage afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Eiffage has a total score of 3/6, see the detailed checks below.


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

FGR Management

 What is the CEO of Eiffage'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
Benoit de Ruffray
COMPENSATION €3,651,390
AGE 52
TENURE AS CEO 3.3 years
CEO Bio

Mr. Benoit de Ruffray has been the Chairman and Chief Executive Officer of Eiffage SA since January 18, 2016. Mr. de Ruffray served as Chief Executive Officer of Soletanche Freyssinet SAS at VINCI SA from March 25, 2015 to December 8, 2015. He served as Deputy Chief Executive Officer of Bouygues Batiment International at Bouygues Construction S.A. since 2007. He served as Managing Director of Dragages Hong Kong Limited. He began his career in 1990 within the Bouygues Group, first at Bouygues Travaux Publics, where he held a variety of positions and then headed major projects, including the Beirut seafront, until 2003. In 2001, he was appointed to Head of Bouygues Travaux Publics' Latin American area. From 2003 to 2007, he served as the Chief Executive Officer of Dragages Hong Kong, a subsidiary of Bouygues Construction and oversaw the business activity of Bouygues Travaux Publics in the Asia Pacific area and of Bouygues Bâtiment International in Northern Asia. He has been a Director of APRR, SA, a subsidiary of Eiffage SA since January 24, 2016. He has been a Director of Eiffage SA since December 09, 2015. He served as a Director of Karmar SA. Mr. de Ruffray is a graduate of the French engineering schools Acole Polytechnique and Ãcole nationale des pontset chaussées and holds a Master's degree from Imperial College London.

CEO Compensation
  • Benoit's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Benoit's remuneration is about average for companies of similar size in France.
Management Team Tenure

Average tenure and age of the Eiffage management team in years:

3.3
Average Tenure
53
Average Age
  • The tenure for the Eiffage management team is about average.
Management Team

Benoit de Ruffray

TITLE
Chairman & CEO
COMPENSATION
€4M
AGE
52
TENURE
3.3 yrs

Christian Cassayre

TITLE
Chief Financial Officer
AGE
53
TENURE
7.8 yrs

J. Nourry

TITLE
Chairman of Motorway Concessions in France
AGE
60

Marc Legrand

TITLE
Chairman of Rail Concessions

Olivier Genis

TITLE
Chairman of the Construction Division
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Eiffage board of directors in years:

6.1
Average Tenure
63
Average Age
  • The tenure for the Eiffage board of directors is about average.
Board of Directors

Benoit de Ruffray

TITLE
Chairman & CEO
COMPENSATION
€4M
AGE
52
TENURE
3.3 yrs

Jean-François Roverato

TITLE
Vice-Chairman & Senior Director
COMPENSATION
€275K
AGE
74
TENURE
3.3 yrs

Bruno Flichy

TITLE
Non-Independent Director
COMPENSATION
€66K
AGE
80
TENURE
2.1 yrs

Thérèse Cornil

TITLE
Independent Director
COMPENSATION
€60K
AGE
75
TENURE
8.3 yrs

Isabelle Salaün

TITLE
Independent Director
COMPENSATION
€60K
AGE
57
TENURE
4.1 yrs

Dominique Marcel

TITLE
Independent Director
COMPENSATION
€45K
AGE
63
TENURE
10.9 yrs

Jean Guénard

TITLE
Independent Director
COMPENSATION
€60K
AGE
71
TENURE
7.7 yrs

Laurent Dupont

TITLE
Director
COMPENSATION
€60K
AGE
53
TENURE
7.1 yrs

Marie Lemarié

TITLE
Independent Director
COMPENSATION
€45K
AGE
46
TENURE
7.1 yrs

Carol Xueref

TITLE
Independent Director
COMPENSATION
€60K
AGE
63
TENURE
5.1 yrs
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 Eiffage'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. Eiffage 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.

FGR News

Simply Wall St News

Is It Too Late To Consider Buying Eiffage SA (EPA:FGR)?

Eiffage SA (EPA:FGR), which is in the construction business, and is based in France, saw a double-digit share price rise of over 10% in the past couple of months on the ENXTPA. … It’s trading around 17% below my intrinsic value, which means if you buy Eiffage today, you’d be paying a reasonable price for it. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price.

Simply Wall St -

Is Eiffage SA (EPA:FGR) Creating Value For Shareholders?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

How Did Eiffage SA's (EPA:FGR) 17% ROE Fare Against The Industry?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.17 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Eiffage SA (EPA:FGR) Trading At A 26% Discount?

I will be using the Discounted Cash Flow (DCF) model! … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model. … We're using the 2-stage growth model, which simply means we take in account two stages of company's growth

Simply Wall St -

Eiffage SA (EPA:FGR): Immense Growth Potential?

In December 2018, Eiffage SA (EPA:FGR) announced its earnings update. … with earnings expected to grow by 12% in the upcoming year … the higher past 5-year average growth rate of 21%

Simply Wall St -

Eiffage SA (EPA:FGR): Will The Growth Last?

Eiffage SA's (EPA:FGR) most recent earnings announcement in December 2018a … suggested … business

Simply Wall St -

These Fundamentals Make Eiffage SA (EPA:FGR) Truly Worth Looking At

I've been keeping an eye on Eiffage SA (EPA:FGR) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe FGR has a lot to offer. … dividend-paying company

Simply Wall St -

The Eiffage Share Price Is Up 59% And Shareholders Are Holding On

To wit, the Eiffage share price has climbed 59% in five years, easily topping the market return of 29% (ignoring dividends). … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Over half a decade, Eiffage managed to grow its earnings per share at 17% a year.

Simply Wall St -

How Many Eiffage SA (EPA:FGR) Shares Do Institutions Own?

Generally speaking, as a company grows, institutions will increase their ownership. … Conversely, insiders often decrease their ownership over time. … We also tend to see lower insider ownership in companies that were previously publicly owned.

Simply Wall St -

Does Eiffage SA (EPA:FGR) Create Value For Shareholders?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

FGR Company Info

Description

Eiffage SA engages in construction, infrastructures, energy systems, and concessions businesses in France and internationally. The company’s Construction segment provides urban development, building design and construction, property development, maintenance, and facility management services for public and private-sector customers in the housing, commercial premises, and public facilities segments. Its Infrastructures segment is involved in civil engineering, road and rail design and construction, drainage, earthworks, and metallic construction. The company’s Energy segment designs, constructs, integrates, operates, and maintains energy and telecommunication systems and installations. Its Concessions segment finances, designs, builds, maintains, and services motorways and other large infrastructure projects, public facilities, and buildings and urban developments, as well as operates toll structures under concessions and public-private partnerships. Eiffage SA was incorporated in 1920 and is based in Vélizy-Villacoublay, France.

Details
Name: Eiffage SA
FGR
Exchange: ENXTPA
Founded: 1920
€8,854,137,736
99,039,572
Website: http://www.eiffage.com
Address: Eiffage SA
3-7, place de l’Europe,
Vélizy-Villacoublay,
Ile-de-France, 78140,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA FGR Ordinary Shares Euronext Paris FR EUR 02. Jan 1992
OTCPK EFGS.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB EF3 Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0NPT Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE FGRP Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK EFGS.Y ADR Pink Sheets LLC US USD 13. Oct 2008
Number of employees
Current staff
Staff numbers
70,400
Eiffage employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 21:28
End of day share price update: 2019/05/22 00:00
Last estimates confirmation: 2019/05/22
Last earnings filing: 2019/04/03
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.