ENXTPA:SOG

Stock Analysis Report

Executive Summary

Sogeclair SA, an engineering company, accomplishes large-scale design and co-development projects for industrial accounts, and develops simulation and virtual reality solutions.

Snowflake

Fundamentals

Undervalued with reasonable growth potential and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.8%

SOG

-1.5%

FR Aerospace & Defense

-0.9%

FR Market


1 Year Return

0%

SOG

14.9%

FR Aerospace & Defense

12.3%

FR Market

Return vs Industry: SOG underperformed the French Aerospace & Defense industry which returned 14.9% over the past year.

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


Shareholder returns

SOGIndustryMarket
7 Day0.8%-1.5%-0.9%
30 Day-9.4%-2.9%0.1%
90 Day-10.1%-5.0%-0.2%
1 Year2.6%0%16.7%14.9%16.1%12.3%
3 Year21.5%15.2%94.1%84.8%42.8%28.9%
5 Year15.3%5.4%167.4%143.6%71.2%45.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

31.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SOG (€25) is trading below our estimate of fair value (€36.5)

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


Price To Earnings Ratio

PE vs Industry: SOG is good value based on its PE Ratio (12.8x) compared to the Aerospace & Defense industry average (24.8x).

PE vs Market: SOG is good value based on its PE Ratio (12.8x) compared to the French market (17.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SOG is good value based on its PB Ratio (1.4x) compared to the FR Aerospace & Defense industry average (1.8x).


Next Steps

Future Growth

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

25.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SOG's forecast earnings growth (25.2% per year) is above the savings rate (0.7%).

Earnings vs Market: SOG's earnings (25.2% per year) are forecast to grow faster than the French market (11.4% per year).

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

Revenue vs Market: SOG's revenue (4.9% per year) is forecast to grow faster than the French market (4.4% per year).

High Growth Revenue: SOG'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: SOG's Return on Equity is forecast to be low in 3 years time (12.6%).


Next Steps

Past Performance

How has Sogeclair performed over the past 5 years?

7.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SOG's earnings have grown by 7.1% per year over the past 5 years.

Accelerating Growth: SOG's earnings growth over the past year (12.6%) exceeds its 5-year average (7.1% per year).

Earnings vs Industry: SOG earnings growth over the past year (12.6%) underperformed the Aerospace & Defense industry 24.9%.


Return on Equity

High ROE: SOG's Return on Equity (11.3%) is considered low.


Return on Assets

ROA vs Industry: SOG's Return on Assets is below or equal to the Aerospace & Defense industry average last year.


Return on Capital Employed

ROCE Improving: SOG's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Sogeclair's financial position?


Financial Position Analysis

Short Term Liabilities: SOG's short term assets (€111.0M) exceeds its short term liabilities (€67.4M)

Long Term Liabilities: SOG's short term assets (111.0M) exceeds its long term liabilities (31.5M)


Debt to Equity History and Analysis

Debt Level: SOG's debt to equity ratio (60.1%) is considered high

Reducing Debt: SOG's debt to equity ratio has increased from 40% to 60.1% over the past 5 years.

Debt Coverage: SOG's debt is not well covered by operating cash flow (13.4%).

Interest Coverage: SOG's interest payments on its debt are well covered by EBIT (98.9x coverage).


Balance Sheet

Inventory Level: SOG has a low level of unsold assets or inventory.

Debt Coverage by Assets: SOG's debt is covered by short term assets (assets are 3.4x debt).


Next Steps

Dividend

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

2.68%

Current Dividend Yield


Dividend Yield vs Market

company2.7%marketbottom25%1.5%markettop25%4.7%industryaverage1.5%forecastin3Years3.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: SOG's dividend (2.68%) is higher than the bottom 25% of dividend payers in the French market (1.55%).

High Dividend: SOG's dividend (2.68%) is low compared to the top 25% of dividend payers in the French market (4.65%).

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.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.4%), SOG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SOG's dividends in 3 years are forecast to be well covered by earnings (28.3% payout ratio).


Next Steps

Management

What is the CEO of Sogeclair's salary, the management and board of directors tenure and is there insider trading?

5.4yrs

Average board tenure


CEO

Philippe Robardey (60yo)

0yrs

Tenure

€535,248

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 ($USD595.32K) is about average for companies of similar size in the French market ($USD174.62K).

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


Board Age and Tenure

5.4yrs

Average Tenure

74.5yo

Average Age

Experienced Board: SOG's board of directors are considered experienced (5.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Didier Langlois

    Chief Technical Officer and Technical Director

    • Tenure: 0yrs
  • Philippe Robardey (60yo)

    President of the Board of Directors

    • Tenure: 0yrs
    • Compensation: €535.25k
  • Jean Latger

    President of Oktal Synthetic Environnement SAS

    • Tenure: 0yrs
  • Marc Darolles

    Executive Vice President

    • Tenure: 0yrs
  • Huguette Robardey

    Secretary

    • Tenure: 0yrs
    • Compensation: €6.60k
  • Sylvain Crosnier

    Chief Executive Officer of Sera Ingenierie SAS

    • Tenure: 12.4yrs
  • Laurent Salanqueda

    Chief Executive Officer of Oktal SAS

    • Tenure: 0yrs
  • Jean-Marie Huet

    President of Aviacomp SAS

    • Tenure: 0yrs

Board Members

  • Chantal Boucher (68yo)

    Independent Director

    • Tenure: 4.4yrs
    • Compensation: €14.29k
  • Gérard Blanc (76yo)

    Independent Director

    • Tenure: 12.4yrs
    • Compensation: €14.29k
  • Philippe Robardey (60yo)

    President of the Board of Directors

    • Tenure: 0yrs
    • Compensation: €535.25k
  • Alain Ribet (75yo)

    Director

    • Tenure: 14.9yrs
    • Compensation: €14.29k
  • Jacques Riba (75yo)

    • Tenure: 8.4yrs
    • Compensation: €14.29k
  • Michel Grindes (82yo)

    • Tenure: 5.4yrs
    • Compensation: €14.29k
  • Henri-Paul Brochet (74yo)

    • Tenure: 2.4yrs
    • Compensation: €14.29k
  • Aurélie Picart (37yo)

    Independent Director

    • Tenure: 3.4yrs
    • Compensation: €14.29k
  • Andreu Zaragoza

    Director of Sogeclair Aerospace SA

    • Tenure: 0yrs

Company Information

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


Key Information

  • Name: Sogeclair SA
  • Ticker: SOG
  • Exchange: ENXTPA
  • Founded: 1986
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: €73.805m
  • Shares outstanding: 2.95m
  • Website: https://www.sogeclair.com

Number of Employees


Location

  • Sogeclair SA
  • 7, avenue Albert Durand
  • BP 20069
  • Blagnac
  • Midi-Pyrénées
  • 31703
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SOGENXTPA (Euronext Paris)YesOrdinary SharesFREURNov 1998
0OQ2LSE (London Stock Exchange)YesOrdinary SharesGBEURNov 1998

Biography

Sogeclair SA, an engineering company, accomplishes large-scale design and co-development projects for industrial accounts, and develops simulation and virtual reality solutions. It operates through three d ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 20:35
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.