ENXTPA:FGR

Stock Analysis Report

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Executive Summary

Eiffage SA engages in the construction, infrastructure, energy systems, and concessions businesses in France and internationally. More Details


Snowflake Analysis

Established dividend payer and good value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: FGR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.3%

FGR

-0.3%

FR Construction

0.7%

FR Market


1 Year Return

-26.9%

FGR

-25.8%

FR Construction

-8.0%

FR Market

Return vs Industry: FGR underperformed the French Construction industry which returned -24.8% over the past year.

Return vs Market: FGR underperformed the French Market which returned -7.5% over the past year.


Shareholder returns

FGRIndustryMarket
7 Day0.3%-0.3%0.7%
30 Day-0.2%0.06%3.1%
90 Day-9.8%-8.4%0.1%
1 Year-26.9%-26.9%-23.8%-25.8%-6.0%-8.0%
3 Year-17.6%-21.4%-11.6%-19.5%4.7%-4.4%
5 Year35.0%23.7%27.1%8.0%29.2%11.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

10.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FGR (€68.92) is trading below our estimate of fair value (€78.94)

Significantly Below Fair Value: FGR is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: FGR is good value based on its PE Ratio (15.1x) compared to the FR Construction industry average (20.4x).

PE vs Market: FGR is good value based on its PE Ratio (15.1x) compared to the French market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: FGR is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: FGR's PB Ratio (1.3x) is in line with the FR Construction industry average.


Next Steps

Future Growth

How is Eiffage forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

27.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FGR's forecast earnings growth (28.2% per year) is above the savings rate (0.6%).

Earnings vs Market: FGR's earnings (28.2% per year) are forecast to grow faster than the French market (23.3% per year).

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

Revenue vs Market: FGR's revenue (4.9% per year) is forecast to grow slower than the French market (6.8% per year).

High Growth Revenue: FGR's revenue (4.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FGR's Return on Equity is forecast to be low in 3 years time (11.5%).


Next Steps

Past Performance

How has Eiffage performed over the past 5 years?

14.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FGR has high quality earnings.

Growing Profit Margin: FGR's current net profit margins (2.5%) are lower than last year (3.9%).


Past Earnings Growth Analysis

Earnings Trend: FGR's earnings have grown by 14.4% per year over the past 5 years.

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

Earnings vs Industry: FGR had negative earnings growth (-39.2%) over the past year, making it difficult to compare to the Construction industry average (-45.5%).


Return on Equity

High ROE: FGR's Return on Equity (11.4%) is considered low.


Next Steps

Financial Health

How is Eiffage's financial position?


Financial Position Analysis

Short Term Liabilities: FGR's short term assets (€12.2B) do not cover its short term liabilities (€12.3B).

Long Term Liabilities: FGR's short term assets (€12.2B) do not cover its long term liabilities (€14.3B).


Debt to Equity History and Analysis

Debt Level: FGR's debt to equity ratio (248.1%) is considered high.

Reducing Debt: FGR's debt to equity ratio has reduced from 466.9% to 248.1% over the past 5 years.

Debt Coverage: FGR's debt is not well covered by operating cash flow (13.2%).

Interest Coverage: FGR's interest payments on its debt are well covered by EBIT (5.8x coverage).


Balance Sheet


Next Steps

Dividend

What is Eiffage current dividend yield, its reliability and sustainability?

3.99%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FGR's dividend (4.06%) is higher than the bottom 25% of dividend payers in the French market (1.56%).

High Dividend: FGR's dividend (4.06%) is low compared to the top 25% of dividend payers in the French market (5.29%).


Stability and Growth of Payments

Stable Dividend: FGR's dividends per share have been stable in the past 10 years.

Growing Dividend: FGR's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (61.2%), FGR's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FGR's dividends in 3 years are forecast to be well covered by earnings (36.4% payout ratio).


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Benoit de Ruffray (54 yo)

4.75yrs

Tenure

€3,427,128

Compensation

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 ...


CEO Compensation Analysis

Compensation vs Market: Benoit's total compensation ($USD4.05M) is about average for companies of similar size in the French market ($USD3.58M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Benoit de Ruffray
Chairman & CEO4.75yrs€3.43m0.0010%
€ 69.0k
Christian Cassayre
Chief Financial Officer9.25yrsno datano data
Claudine Font
Head of Social & Human Developmentno datano datano data
J. Nourry
Chairman of Motorway Concessions in Franceno datano datano data
Olivier Genis
Chairman of the Construction Division3.75yrsno datano data
Laurent Girou
Chairman of Eiffage Route1.75yrsno datano data
Valérie David
Head of Sustainable Development & Transversal Innovationno datano datano data
Erick Lemonnier
Head of Risk Prevention - Infrastructure Divisionno datano datano data
Patrick Colin
Head of Qualityno datano datano data
Xavier Julien
Head of Risk Prevention - Eiffage Constructionno datano datano data
Yannick Lecomte
Head of APRR’s Network Risk Prevention Departmentno datano datano data
Antoine Bresolin
Managing Director - Eiffage Métalno datano datano data

4.8yrs

Average Tenure

55yo

Average Age

Experienced Management: FGR's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Benoit de Ruffray
Chairman & CEO4.75yrs€3.43m0.0010%
€ 69.0k
Laurent Girou
Chairman of Eiffage Route1.75yrsno datano data
Jean-François Roverato
Non-Executive Director33.75yrs€252.17k0.055%
€ 3.8m
Dominique Marcel
Non-Independent Director12.33yrs€49.50k0.00010%
€ 6.8k
Jean Guénard
Independent Director9.08yrs€79.20k0.040%
€ 2.7m
Carol Xueref
Independent Director6.5yrs€79.20k0.00030%
€ 20.5k
Laurent Dupont
Employee Shareholders Representative Director8.5yrs€66.00k0.0019%
€ 130.6k
Marie Lemarié
Independent Director8.5yrs€49.50k0.0010%
€ 69.0k
Guillaume Sauvé
Chairman of Eiffage Génie Civil & Chairman of Eiffage Métal1.75yrsno datano data
Isabelle Salaün
Independent Director5.5yrs€66.00k0.0010%
€ 69.0k
Odile Georges-Picot
Independent Director2.5yrs€49.50k0.00030%
€ 20.5k

6.5yrs

Average Tenure

61.5yo

Average Age

Experienced Board: FGR's board of directors are considered experienced (6.5 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

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


Key Information

  • Name: Eiffage SA
  • Ticker: FGR
  • Exchange: ENXTPA
  • Founded: 1920
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: €6.836b
  • Shares outstanding: 99.19m
  • Website: https://www.eiffage.com

Number of Employees


Location

  • Eiffage SA
  • 3-7, place de l’Europe
  • Vélizy-Villacoublay
  • Ile-de-France
  • 78140
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FGRENXTPA (Euronext Paris)YesOrdinary SharesFREURJan 1992
EF3DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
0NPTLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
EFGS.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
FGRPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
FGRWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992
EFGS.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008

Biography

Eiffage SA engages in the construction, infrastructure, energy systems, and concessions businesses in France and internationally. The company’s Construction segment offers urban development, building desig ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/23 20:46
End of Day Share Price2020/10/23 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.