Sogeclair (ENXTPA:SOG) - Share price, News & Analysis

SOG fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	1/6
Financial Health	5/6
Dividends	2/6

SOG Stock Overview

Sogeclair SA provides engineering and production services to the aeronautics and space, automobile, rail, defense, and civil industries in France and internationally.

Rewards

Earnings are forecast to grow 31.1% per year

Became profitable this year

Risk Analysis

Dividend of 4.23% is not well covered by earnings or forecast to be in the next 3 years

Large one-off items impacting financial results

Shareholders have been diluted in the past year

Does not have a meaningful market cap (€65M)

Sogeclair Competitors

Latécoère

ENXTPA:LAT

€222.8m

Figeac Aero Société Anonyme

ENXTPA:FGA

€167.4m

NVIDIA

NasdaqGS:NVDA

US$423.1b

Siemens

XTRA:SIE

€93.2b

Price History & Performance

Summary of all time highs, changes and price drops for Sogeclair
Historical stock prices
Current Share Price	€21.30
52 Week High	€29.00
52 Week Low	€17.15
Beta	1.86
1 Month Change	-3.62%
3 Month Change	-4.91%
1 Year Change	12.70%
3 Year Change	-19.01%
5 Year Change	-49.94%
Change since IPO	273.91%

Recent News & Updates

Mar 21

Some Investors May Be Worried About Sogeclair's (EPA:SOG) Returns On Capital

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Shareholder Returns

	SOG	FR Aerospace & Defense	FR Market
7D	-4.5%	-2.7%	-1.5%
1Y	12.7%	-72.1%	-18.8%

Return vs Industry: SOG exceeded the French Aerospace & Defense industry which returned 4.6% over the past year.

Return vs Market: SOG exceeded the French Market which returned -5.4% over the past year.

Price Volatility

Is SOG's price volatile compared to industry and market?
SOG volatility
SOG Average Weekly Movement	6.8%
Aerospace & Defense Industry Average Movement	6.6%
Market Average Movement	6.0%
10% most volatile stocks in FR Market	10.2%
10% least volatile stocks in FR Market	3.5%

Stable Share Price: SOG is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: SOG's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1986	1,122	Philippe Robardey	https://www.sogeclair.com

Sogeclair SA provides engineering and production services to the aeronautics and space, automobile, rail, defense, and civil industries in France and internationally. It operates through three divisions: Aerospace, Vehicle, and Simulation. The Aerospace division engages in the provision of engineering services in aerostructures, cabins, systems, and manufacturing engineering and tooling services; and design and manufacture of complex structural thermoplastic products, additive layers, metallic subassemblies, and cockpit equipment, as well as cabin furniture and mechanism.

Sogeclair Fundamentals Summary

How do Sogeclair's earnings and revenue compare to its market cap?
SOG fundamental statistics
Market Cap	€65.18m
Earnings (TTM)	€2.65m
Revenue (TTM)	€121.04m

24.6x

P/E Ratio

0.5x

P/S Ratio

Is SOG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
SOG income statement (TTM)
Revenue	€121.04m
Cost of Revenue	€52.09m
Gross Profit	€68.95m
Other Expenses	€66.31m
Earnings	€2.65m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Sep 07, 2022

Earnings per share (EPS)	0.86
Gross Margin	56.97%
Net Profit Margin	2.19%
Debt/Equity Ratio	41.3%

How did SOG perform over the long term?

See historical performance and comparison

Dividends

4.2%

Current Dividend Yield

104%

Payout Ratio

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

24.64x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: SOG (€21.3) is trading above our estimate of fair value (€21.24)

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

Price To Earnings Ratio

PE vs Industry: SOG is poor value based on its PE Ratio (24.6x) compared to the French Aerospace & Defense industry average (24.3x).

PE vs Market: SOG is poor value based on its PE Ratio (24.6x) compared to the French market (16.3x).

Price to Earnings Growth Ratio

PEG Ratio: SOG is good value based on its PEG Ratio (0.8x)

Price to Book Ratio

PB vs Industry: SOG is good value based on its PB Ratio (1.3x) compared to the FR Aerospace & Defense industry average (2.2x).

Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

31.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SOG's forecast earnings growth (31.1% per year) is above the savings rate (0.3%).

Earnings vs Market: SOG's earnings (31.1% per year) are forecast to grow faster than the French market (12% per year).

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

Revenue vs Market: SOG's revenue (7.5% per year) is forecast to grow faster than the French market (5.8% per year).

High Growth Revenue: SOG's revenue (7.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SOG's Return on Equity is forecast to be low in 3 years time (10.7%).

Past Performance

How has Sogeclair performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-44.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SOG has a large one-off gain of €795.0K impacting its December 31 2021 financial results.

Growing Profit Margin: SOG became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: SOG's earnings have declined by 44.6% per year over the past 5 years.

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

Earnings vs Industry: SOG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (16.3%).

Return on Equity

High ROE: SOG's Return on Equity (5.6%) is considered low.

Financial Health

How is Sogeclair's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: SOG's short term assets (€115.1M) exceed its short term liabilities (€63.0M).

Long Term Liabilities: SOG's short term assets (€115.1M) exceed its long term liabilities (€26.6M).

Debt to Equity History and Analysis

Debt Level: SOG has more cash than its total debt.

Reducing Debt: SOG's debt to equity ratio has reduced from 48.7% to 41.3% over the past 5 years.

Debt Coverage: SOG's debt is not well covered by operating cash flow (8.3%).

Interest Coverage: SOG's interest payments on its debt are well covered by EBIT (6.2x coverage).

Balance Sheet

Dividend

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

Dividend Score

3/6

Dividend Score 3/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

4.23%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SOG's dividend (4.23%) is higher than the bottom 25% of dividend payers in the French market (1.72%).

High Dividend: SOG's dividend (4.23%) is low compared to the top 25% of dividend payers in the French market (5.01%).

Stability and Growth of Payments

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

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

Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (104.1%), SOG's dividend payments are not well covered by earnings.

Cash Payout to Shareholders

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

Discover strong dividend paying companies

Management

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

6.0yrs

Average board tenure

CEO

Philippe Robardey (62 yo)

19.33yrs

Tenure

€459,695

Compensation

Mr. Philippe Robardey has been the President of Sogeclair SA since 2003 and serves as its Chief Executive Officer. Mr. Robardey served as Managing Director of Tharsys Sarl. He served as a Manager of Tharsy...

CEO Compensation Analysis

Compensation vs Market: Philippe's total compensation ($USD491.23K) is above average for companies of similar size in the French market ($USD284.13K).

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

Board Members

Experienced Board: SOG's board of directors are considered experienced (6 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 been diluted in the past year, with total shares outstanding growing by 3.6%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/23 00:00
End of Day Share Price	2022/05/23 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31