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FGR

Eiffage ENXTPA:FGR Stock Report

Last Price

€82.52

Market Cap

€7.9b

7D

0.9%

1Y

-5.9%

Updated

30 Sep, 2022

Data

Company Financials +
FGR fundamental analysis
Snowflake Score
Valuation6/6
Future Growth1/6
Past Performance5/6
Financial Health3/6
Dividends4/6

FGR Stock Overview

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

Eiffage Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Eiffage
Historical stock prices
Current Share Price€82.52
52 Week High€99.60
52 Week Low€78.22
Beta1.44
1 Month Change-6.08%
3 Month Change-4.78%
1 Year Change-5.95%
3 Year Change-11.33%
5 Year Change-5.73%
Change since IPO1,114.14%

Recent News & Updates

Sep 02
The Returns At Eiffage (EPA:FGR) Aren't Growing

The Returns At Eiffage (EPA:FGR) Aren't Growing

If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...

Shareholder Returns

FGRFR ConstructionFR Market
7D0.9%-1.2%-0.1%
1Y-5.9%-11.3%-12.3%

Return vs Industry: FGR exceeded the French Construction industry which returned -11.7% over the past year.

Return vs Market: FGR exceeded the French Market which returned -13.4% over the past year.

Price Volatility

Is FGR's price volatile compared to industry and market?
FGR volatility
FGR Average Weekly Movement3.5%
Construction Industry Average Movement3.4%
Market Average Movement4.9%
10% most volatile stocks in FR Market9.2%
10% least volatile stocks in FR Market2.8%

Stable Share Price: FGR is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: FGR's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
184473,500Benoit de Ruffrayhttps://www.eiffage.com

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 design and construction, property development, and maintenance and facilities management services for public and private-sector customers. Its Infrastructure segment is involved in the civil engineering, road and rail design and construction, drainage, earthworks, and metallic construction.

Eiffage Fundamentals Summary

How do Eiffage's earnings and revenue compare to its market cap?
FGR fundamental statistics
Market Cap€7.87b
Earnings (TTM)€882.00m
Revenue (TTM)€20.05b

8.9x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FGR income statement (TTM)
Revenue€20.05b
Cost of Revenue€3.44b
Gross Profit€16.61b
Other Expenses€15.73b
Earnings€882.00m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Feb 22, 2023

Earnings per share (EPS)9.25
Gross Margin82.82%
Net Profit Margin4.40%
Debt/Equity Ratio204.9%

How did FGR perform over the long term?

See historical performance and comparison

Dividends

3.8%

Current Dividend Yield

34%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • 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 FGR?

Other financial metrics that can be useful for relative valuation.

FGR 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/Revenue1x
Enterprise Value/EBITDA6.5x
PEG Ratio2x

Price to Earnings Ratio vs Peers

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

FGR PE Ratio vs Peers
The above table shows the PE ratio for FGR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.5x
EN Bouygues
11.7x11.2%€10.1b
RE Colas
15.2xn/a€3.7b
DG Vinci
12.3x7.3%€46.9b
AM Dassault Aviation Société anonyme
14.6x16.4%€9.7b
FGR Eiffage
8.9x4.5%€7.9b

Price-To-Earnings vs Peers: FGR is good value based on its Price-To-Earnings Ratio (8.9x) compared to the peer average (13.5x).


Price to Earnings Ratio vs Industry

How does FGR's PE Ratio compare vs other companies in the European Construction Industry?

Price-To-Earnings vs Industry: FGR is good value based on its Price-To-Earnings Ratio (8.9x) compared to the European Construction industry average (10x)


Price to Earnings Ratio vs Fair Ratio

What is FGR'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.

FGR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.9x
Fair PE Ratio17.1x

Price-To-Earnings vs Fair Ratio: FGR is good value based on its Price-To-Earnings Ratio (8.9x) compared to the estimated Fair Price-To-Earnings Ratio (17.1x).


Share Price vs Fair Value

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

Below Fair Value: FGR (€82.52) is trading below our estimate of fair value (€165.43)

Significantly Below Fair Value: FGR 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 Eiffage forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


4.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FGR's forecast earnings growth (4.5% per year) is above the savings rate (0.3%).

Earnings vs Market: FGR's earnings (4.5% per year) are forecast to grow slower than the French market (11.1% per year).

High Growth Earnings: FGR's earnings are forecast to grow, but not significantly.

Revenue vs Market: FGR's revenue (2.6% per year) is forecast to grow slower than the French market (5.3% per year).

High Growth Revenue: FGR's revenue (2.6% 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 (12.9%).


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Past Performance

How has Eiffage performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


5.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FGR has high quality earnings.

Growing Profit Margin: FGR's current net profit margins (4.4%) are higher than last year (3.4%).


Past Earnings Growth Analysis

Earnings Trend: FGR's earnings have grown by 5.3% per year over the past 5 years.

Accelerating Growth: FGR's earnings growth over the past year (39.6%) exceeds its 5-year average (5.3% per year).

Earnings vs Industry: FGR earnings growth over the past year (39.6%) exceeded the Construction industry 25.4%.


Return on Equity

High ROE: FGR's Return on Equity (19.3%) is considered low.


Discover strong past performing companies

Financial Health

How is Eiffage's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FGR's short term assets (€13.6B) exceed its short term liabilities (€13.0B).

Long Term Liabilities: FGR's short term assets (€13.6B) do not cover its long term liabilities (€14.2B).


Debt to Equity History and Analysis

Debt Level: FGR's net debt to equity ratio (143.1%) is considered high.

Reducing Debt: FGR's debt to equity ratio has reduced from 316.8% to 204.9% over the past 5 years.

Debt Coverage: FGR's debt is not well covered by operating cash flow (19.8%).

Interest Coverage: FGR's interest payments on its debt are well covered by EBIT (8.7x coverage).


Balance Sheet


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Dividend

What is Eiffage 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

  • Cash Flow Coverage


3.76%

Current Dividend Yield

Dividend Yield vs Market

Eiffage Dividend Yield vs Market
How does Eiffage dividend yield compare to the market?
SegmentDividend Yield
Company (Eiffage)3.8%
Market Bottom 25% (FR)2.0%
Market Top 25% (FR)6.1%
Industry Average (Construction)4.4%
Analyst forecast in 3 Years (Eiffage)4.6%

Notable Dividend: FGR's dividend (3.76%) is higher than the bottom 25% of dividend payers in the French market (2.04%).

High Dividend: FGR's dividend (3.76%) is low compared to the top 25% of dividend payers in the French market (6.13%).


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (33.7%), FGR's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (16.7%), FGR's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

6.7yrs

Average management tenure


CEO

Benoit de Ruffray (56 yo)

6.75yrs

Tenure

€3,961,624

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

Benoit de Ruffray's Compensation vs Eiffage Earnings
How has Benoit de Ruffray's remuneration changed compared to Eiffage's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

€882m

Mar 31 2022n/an/a

€830m

Dec 31 2021€4m€900k

€777m

Sep 30 2021n/an/a

€699m

Jun 30 2021n/an/a

€632m

Mar 31 2021n/an/a

€504m

Dec 31 2020€2m€863k

€375m

Sep 30 2020n/an/a

€401m

Jun 30 2020n/an/a

€427m

Mar 31 2020n/an/a

€576m

Dec 31 2019€3m€900k

€725m

Sep 30 2019n/an/a

€714m

Jun 30 2019n/an/a

€702m

Mar 31 2019n/an/a

€666m

Dec 31 2018€4m€900k

€629m

Sep 30 2018n/an/a

€611m

Jun 30 2018n/an/a

€592m

Mar 31 2018n/an/a

€570m

Dec 31 2017€4m€900k

€548m

Sep 30 2017n/an/a

€532m

Jun 30 2017n/an/a

€515m

Mar 31 2017n/an/a

€495m

Dec 31 2016€2m€861k

€475m

Compensation vs Market: Benoit's total compensation ($USD3.88M) is above average for companies of similar size in the French market ($USD2.76M).

Compensation vs Earnings: Benoit's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: FGR's management team is seasoned and experienced (6.7 years average tenure).


Board Members

Experienced Board: FGR's board of directors are considered experienced (7.9 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

What is the ownership structure of FGR?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders147,9590.2%
Employee Share Scheme15,908,69916.7%
Institutions32,771,93834.4%
General Public46,508,34348.8%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 42.64% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
16.69%
Eiffage SA, ESOP
15,908,699€1.3b11.07%no data
4.53%
BlackRock, Inc.
4,323,132€356.7m0.19%0.01%
4.38%
Pro Btp Finance
4,176,300€344.6m0%93.6%
2.96%
The Vanguard Group, Inc.
2,818,477€232.6m0.95%0.01%
1.89%
Norges Bank Investment Management
1,800,851€148.6m0%0.02%
1.88%
Capital Research and Management Company
1,794,442€148.1m-0.1%0.01%
1.43%
Columbia Management Investment Advisers, LLC
1,365,135€112.7m1.92%0.03%
1.42%
Dimensional Fund Advisors LP
1,357,027€112.0m2.73%0.03%
0.82%
Boston Partners Global Investors, Inc.
779,912€64.4m0.71%0.05%
0.78%
Ninety One UK Limited
740,529€61.1m0%0.1%
0.61%
UBS Asset Management
581,760€48.0m-1.5%0.01%
0.6%
Geode Capital Management, LLC
567,709€46.8m-0.91%0.01%
0.56%
BNPP Asset Management France
536,399€44.3m4.3%0.14%
0.49%
CBRE Investment Management Listed Real Assets LLC
467,912€38.6m4.98%0.48%
0.46%
State Street Global Advisors, Inc.
441,025€36.4m-1.31%no data
0.44%
Lazard Frères Gestion SAS
419,545€34.6m0%0.57%
0.37%
Nordea Investment Management AB
348,995€28.8m0.03%0.02%
0.35%
J.P. Morgan Asset Management, Inc.
334,622€27.6m-5.42%no data
0.34%
Credit Suisse Asset Management (Switzerland)
328,507€27.1m-6.8%0.02%
0.29%
Charles Schwab Investment Management, Inc.
275,061€22.7m0.4%0.01%
0.28%
Victory Capital Management Inc.
269,564€22.2m0.33%0.02%
0.28%
KBC Asset Management NV
268,865€22.2m-45.57%0.06%
0.27%
Union Asset Management Holding AG
256,749€21.2m0%0.02%
0.26%
LA Banque Postale Asset Management
252,227€20.8m0%0.19%
0.25%
Janus Henderson Group plc
239,816€19.8m0%0.01%

Company Information

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


Key Information

  • Name: Eiffage SA
  • Ticker: FGR
  • Exchange: ENXTPA
  • Founded: 1844
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: €7.867b
  • Shares outstanding: 95.34m
  • 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)UNSP ADR EACH REPR 1/5 ORDUSUSDOct 2008
EF30DB (Deutsche Boerse AG)UNSP ADR EACH REPR 1/5 ORDDEEUROct 2008

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/30 00:00
End of Day Share Price2022/09/30 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.