ENXTPA:CEN

Stock Analysis Report

Executive Summary

Groupe CRIT SA provides temporary employment and recruitment services to the small and medium-sized businesses and industries in France, the United States, Spain, Africa, and internationally.


Snowflake Analysis

Flawless balance sheet and undervalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: CEN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-13.9%

CEN

-10.3%

FR Professional Services

-11.2%

FR Market


1 Year Return

10.1%

CEN

13.3%

FR Professional Services

1.0%

FR Market

Return vs Industry: CEN underperformed the French Professional Services industry which returned 13.3% over the past year.

Return vs Market: CEN exceeded the French Market which returned 1% over the past year.


Shareholder returns

CENIndustryMarket
7 Day-13.9%-10.3%-11.2%
30 Day-17.6%-10.1%-9.7%
90 Day-13.2%-2.9%-8.7%
1 Year11.9%10.1%15.4%13.3%4.3%1.0%
3 Year-17.1%-23.1%58.3%49.0%23.5%12.7%
5 Year29.7%18.6%89.8%69.8%33.2%15.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CEN (€59) is trading below our estimate of fair value (€158.65)

Significantly Below Fair Value: CEN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CEN is good value based on its PE Ratio (7.9x) compared to the Professional Services industry average (14.7x).

PE vs Market: CEN is good value based on its PE Ratio (7.9x) compared to the French market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: CEN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: CEN is good value based on its PB Ratio (1.1x) compared to the FR Professional Services industry average (1.4x).


Next Steps

Future Growth

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

-2.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CEN's earnings are forecast to decline over the next 3 years (-2% per year).

Earnings vs Market: CEN's earnings are forecast to decline over the next 3 years (-2% per year).

High Growth Earnings: CEN's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CEN's revenue (0.5% per year) is forecast to grow slower than the French market (4.6% per year).

High Growth Revenue: CEN's revenue (0.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CEN's Return on Equity is forecast to be low in 3 years time (10.8%).


Next Steps

Past Performance

How has Groupe CRIT performed over the past 5 years?

9.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CEN has high quality earnings.

Growing Profit Margin: CEN's current net profit margins (3.3%) are lower than last year (3.8%).


Past Earnings Growth Analysis

Earnings Trend: CEN's earnings have grown by 9.4% per year over the past 5 years.

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

Earnings vs Industry: CEN had negative earnings growth (-10.4%) over the past year, making it difficult to compare to the Professional Services industry average (8.1%).


Return on Equity

High ROE: CEN's Return on Equity (14.4%) is considered low.


Next Steps

Financial Health

How is Groupe CRIT's financial position?


Financial Position Analysis

Short Term Liabilities: CEN's short term assets (€715.0M) exceed its short term liabilities (€602.3M).

Long Term Liabilities: CEN's short term assets (€715.0M) exceed its long term liabilities (€134.4M).


Debt to Equity History and Analysis

Debt Level: CEN's debt to equity ratio (14%) is considered satisfactory.

Reducing Debt: CEN's debt to equity ratio has reduced from 44.2% to 14% over the past 5 years.

Debt Coverage: CEN's debt is well covered by operating cash flow (191.1%).

Interest Coverage: CEN's interest payments on its debt are well covered by EBIT (78.6x coverage).


Balance Sheet

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

Debt Coverage by Assets: CEN's debt is covered by short term assets (assets are 8.9x debt).


Next Steps

Dividend

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

1.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CEN's dividend (1.69%) isn’t notable compared to the bottom 25% of dividend payers in the French market (1.71%).

High Dividend: CEN's dividend (1.69%) is low compared to the top 25% of dividend payers in the French market (5.01%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (13.3%), CEN's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CEN's dividends in 3 years are forecast to be well covered by earnings (16.9% payout ratio).


Next Steps

Management

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

35.6yrs

Average board tenure


CEO

Claude Guedj 0

€240,000

Compensation

Mr. Claude Guedj serves as Chief Executive Officer of Groupe CRIT SA. Mr. Guedj serves as Chief Executive Officer of CRIT INTERIM S.A. (Switzerland); Managing Director of Engineering Conception Maintenance ...


CEO Compensation Analysis

Compensation vs Market: Claude's total compensation ($USD263.94K) is below average for companies of similar size in the French market ($USD686.47K).

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


Board Members

NamePositionTenureCompensationOwnership
Claude Guedj
Chairman & CEO0yrs€240.00k71.13% 465.7m
Karine Guedj
Executive VP & Director35.6yrs€183.06k1.15% 7.6m
Nathalie Jaoui
Executive VP27.3yrs€303.42k1.5% 9.8m
Yvonne Guedj
Director50.6yrsno data0.91% 6.0m

35.6yrs

Average Tenure

Experienced Board: CEN's board of directors are seasoned and experienced ( 35.6 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Groupe CRIT SA
  • Ticker: CEN
  • Exchange: ENXTPA
  • Founded: 1962
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Market Cap: €654.747m
  • Shares outstanding: 11.10m
  • Website: https://www.groupe-crit.com

Number of Employees


Location

  • Groupe CRIT SA
  • 92-98 Boulevard Victor Hugo
  • Clichy
  • Ile-de-France
  • 92110
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CENENXTPA (Euronext Paris)YesOrdinary SharesFREURMar 1999
0DZJLSE (London Stock Exchange)YesOrdinary SharesGBEURMar 1999
CENPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURMar 1999
CT2BST (Boerse-Stuttgart)YesOrdinary SharesDEEURMar 1999

Biography

Groupe CRIT SA provides temporary employment and recruitment services to the small and medium-sized businesses and industries in France, the United States, Spain, Africa, and internationally. It operates through Temporary Employment and Recruitment, Airport Services, and Other Services segments. The company offers services for recruitment; job placement; consulting; HR management digitization; and first-time employment support, including support and advice to job seekers, redeployment and retraining for workers made redundant, engineering consulting for finding employment for recent graduates, employment support and advice for disabled workers, audits and advice for companies, skills reviews, etc. It also provides airport services, such as check-in, boarding, baggage collection, and ticketing; aircraft assistance services consisting of towing, parking, chocking, electrical connections, baggage and cargo handling, checking tanks, and aircraft pushouts; traffic services comprising monitoring flight plans, drawing up weight and balance forms, weather monitoring, etc.; and cargo services that include transfer of cargo and mail from runway and storage. In addition, the company offers engineering and industrial maintenance, industrial and construction supplies, and hospitality and training services. The company was founded in 1962 and is based in Clichy, France. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 20:55
End of Day Share Price2020/02/28 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.