company background image
RE

Colas ENXTPA:RE Stock Report

Last Price

€112.00

Market Cap

€3.7b

7D

-4.3%

1Y

-15.2%

Updated

01 Oct, 2022

Data

Company Financials
RE fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends2/6

RE Stock Overview

Colas SA constructs and maintains transport infrastructure worldwide.

Colas Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Colas
Historical stock prices
Current Share Price€112.00
52 Week High€136.50
52 Week Low€111.00
Beta0.56
1 Month Change-6.67%
3 Month Change-5.09%
1 Year Change-15.15%
3 Year Change-20.00%
5 Year Change-39.43%
Change since IPO-51.78%

Recent News & Updates

Sep 11
Returns On Capital At Colas (EPA:RE) Have Hit The Brakes

Returns On Capital At Colas (EPA:RE) Have Hit The Brakes

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...

Aug 24
Calculating The Intrinsic Value Of Colas SA (EPA:RE)

Calculating The Intrinsic Value Of Colas SA (EPA:RE)

Does the August share price for Colas SA ( EPA:RE ) reflect what it's really worth? Today, we will estimate the stock's...

Aug 04
Is Colas (EPA:RE) A Risky Investment?

Is Colas (EPA:RE) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

May 24
Returns At Colas (EPA:RE) Appear To Be Weighed Down

Returns At Colas (EPA:RE) Appear To Be Weighed Down

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Shareholder Returns

REFR ConstructionFR Market
7D-4.3%-1.2%-0.1%
1Y-15.2%-11.3%-12.3%

Return vs Industry: RE underperformed the French Construction industry which returned -11.3% over the past year.

Return vs Market: RE underperformed the French Market which returned -12.3% over the past year.

Price Volatility

Is RE's price volatile compared to industry and market?
RE volatility
RE Average Weekly Movement2.6%
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: RE is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 3% a week.

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

About the Company

FoundedEmployeesCEOWebsite
192955,411Frederic Gardeshttps://www.colas.com

Colas SA constructs and maintains transport infrastructure worldwide. It operates through three segments: Roads, Construction materials, and Railways. The company constructs and maintains roads and highways; and works on airfield runways and aprons, seaports, industrial sites, logistics and commercial premises, street construction and urban development, reserved-lane public transport, recreational amenities, environmental protection, etc. It also engages in the renovation, demolition, and deconstruction of buildings; and constructs small-scale civil engineering and drainage projects.

Colas Fundamentals Summary

How do Colas's earnings and revenue compare to its market cap?
RE fundamental statistics
Market Cap€3.66b
Earnings (TTM)€241.00m
Revenue (TTM)€14.15b

15.2x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RE income statement (TTM)
Revenue€14.15b
Cost of Revenue€7.11b
Gross Profit€7.04b
Other Expenses€6.80b
Earnings€241.00m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 17, 2022

Earnings per share (EPS)7.38
Gross Margin49.73%
Net Profit Margin1.70%
Debt/Equity Ratio65.5%

How did RE perform over the long term?

See historical performance and comparison

Dividends

6.1%

Current Dividend Yield

92%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 RE?

Other financial metrics that can be useful for relative valuation.

RE 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/Revenue0.4x
Enterprise Value/EBITDA8.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

RE PE Ratio vs Peers
The above table shows the PE ratio for RE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.5x
FGR Eiffage
8.9x4.5%€7.9b
EN Bouygues
11.7x11.2%€10.1b
DG Vinci
12.3x7.3%€46.9b
INFE Compagnie Industrielle et Financière d'Entreprises
9.2xn/a€51.5m
RE Colas
15.2xn/a€3.7b

Price-To-Earnings vs Peers: RE is expensive based on its Price-To-Earnings Ratio (15.2x) compared to the peer average (10.5x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: RE is expensive based on its Price-To-Earnings Ratio (15.2x) compared to the European Construction industry average (10.1x)


Price to Earnings Ratio vs Fair Ratio

What is RE'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.

RE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate RE's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: RE (€112) is trading below our estimate of fair value (€120.4)

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


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Colas forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.2%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Colas has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Take a look at our analysis of RE’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Colas competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Colas performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-9.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: RE has a large one-off gain of €69.0M impacting its June 30 2022 financial results.

Growing Profit Margin: RE's current net profit margins (1.7%) are lower than last year (2.1%).


Past Earnings Growth Analysis

Earnings Trend: RE's earnings have declined by 9.6% per year over the past 5 years.

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

Earnings vs Industry: RE had negative earnings growth (-13%) over the past year, making it difficult to compare to the Construction industry average (26.2%).


Return on Equity

High ROE: RE's Return on Equity (8.7%) is considered low.


Discover strong past performing companies

Financial Health

How is Colas's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: RE's short term assets (€7.1B) do not cover its short term liabilities (€7.3B).

Long Term Liabilities: RE's short term assets (€7.1B) exceed its long term liabilities (€1.8B).


Debt to Equity History and Analysis

Debt Level: RE's net debt to equity ratio (51.7%) is considered high.

Reducing Debt: RE's debt to equity ratio has increased from 35.6% to 65.5% over the past 5 years.

Debt Coverage: RE's debt is not well covered by operating cash flow (4.5%).

Interest Coverage: RE's interest payments on its debt are well covered by EBIT (6.8x coverage).


Balance Sheet


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Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


6.12%

Current Dividend Yield

Dividend Yield vs Market

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

Notable Dividend: RE's dividend (6.12%) is higher than the bottom 25% of dividend payers in the French market (2.03%).

High Dividend: RE's dividend (6.12%) is in the top 25% of dividend payers in the French market (6.06%)


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (92.4%), RE's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: RE is paying a dividend but the company has no free cash flows.


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Management

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

3.3yrs

Average management tenure


CEO

Frederic Gardes (51 yo)

1.58yrs

Tenure

€2,295,263

Compensation

Mr. Frederic Gardes serves as Chief Executive Officer of Colas SA since May 14, 2019 and serves as its Chairman since February 16, 2021. He served as Managing Director of International (excluding North Ame...


CEO Compensation Analysis

Frederic Gardes's Compensation vs Colas Earnings
How has Frederic Gardes's remuneration changed compared to Colas's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

€241m

Mar 31 2022n/an/a

€251m

Dec 31 2021€2m€920k

€261m

Sep 30 2021n/an/a

€269m

Jun 30 2021n/an/a

€277m

Mar 31 2021n/an/a

€186m

Dec 31 2020€2m€850k

€94m

Sep 30 2020n/an/a

€81m

Jun 30 2020n/an/a

€68m

Mar 31 2020n/an/a

€165m

Dec 31 2019€1m€438k

€261m

Compensation vs Market: Frederic's total compensation ($USD2.25M) is about average for companies of similar size in the French market ($USD2.06M).

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


Leadership Team

Experienced Management: RE's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: RE's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


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 RE?
Owner TypeNumber of SharesOwnership Percentage
Institutions21,1220.06%
General Public1,008,7633.1%
Public Companies31,612,11196.8%

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


Top Shareholders

Top 8 shareholders own 96.91% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
96.84%
Bouygues SA
31,612,111€3.5b0%no data
0.015%
Natixis Investment Managers International
5,000€560.0k0%no data
0.014%
HC Capital Advisors GmbH
4,409€493.8k0%0.48%
0.011%
Hogep - Hoche Gestion Privée
3,750€420.0k0%1.53%
0.0086%
Meeschaert Asset Management
2,800€313.6k0%0.06%
0.006%
MCA Finance
1,974€221.1k0%0.52%
0.0058%
Degroof Petercam Asset Services S.A.
1,889€211.6k0%0.23%
0.004%
FASTEA Capital
1,300€145.6k-13.33%3.53%

Company Information

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


Key Information

  • Name: Colas SA
  • Ticker: RE
  • Exchange: ENXTPA
  • Founded: 1929
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: €3.656b
  • Shares outstanding: 32.64m
  • Website: https://www.colas.com

Number of Employees


Location

  • Colas SA
  • 1 rue du Colonel Pierre Avia
  • Paris
  • Ile-de-France
  • 75015
  • France


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
REENXTPA (Euronext Paris)YesRegistered SharesFREURJan 1989
0NZ1LSE (London Stock Exchange)YesRegistered SharesGBEURJan 1989
REPBATS-CHIXE (BATS 'Chi-X Europe')YesRegistered SharesGBEURJan 1989
OL3DB (Deutsche Boerse AG)YesRegistered SharesDEEURJan 1989

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 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.