Séché Environnement (ENXTPA:SCHP) - Share price, News & Analysis

SCHP fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	4/6
Financial Health	3/6
Dividends	2/6

SCHP Stock Overview

Séché Environnement SA engages in the recovery and treatment of waste products for industrial and corporate customers, and local authorities in France and internationally.

Rewards

Trading at 43% below our estimate of its fair value

Earnings are forecast to grow 20.31% per year

Earnings have grown 19.7% per year over the past 5 years

Risk Analysis

Has a high level of debt

Séché Environnement Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Séché Environnement
Historical stock prices
Current Share Price	€79.60
52 Week High	€80.80
52 Week Low	€46.15
Beta	0.74
1 Month Change	10.25%
3 Month Change	12.43%
1 Year Change	56.08%
3 Year Change	126.14%
5 Year Change	129.93%
Change since IPO	179.49%

Recent News & Updates

May 26

Séché Environnement (EPA:SCHP) Is Paying Out A Larger Dividend Than Last Year

Séché Environnement SA's ( EPA:SCHP ) dividend will be increasing to €1.00 on 12th of July. This takes the annual...

Mar 17

Séché Environnement's (EPA:SCHP) Dividend Will Be Increased To €1.00

The board of Séché Environnement SA ( EPA:SCHP ) has announced that it will be increasing its dividend on the 12th of...

Shareholder Returns

	SCHP	FR Commercial Services	FR Market
7D	6.4%	1.5%	3.6%
1Y	56.1%	-6.7%	-11.3%

Return vs Industry: SCHP exceeded the French Commercial Services industry which returned -6.7% over the past year.

Return vs Market: SCHP exceeded the French Market which returned -11.3% over the past year.

Price Volatility

Is SCHP's price volatile compared to industry and market?
SCHP volatility
SCHP Average Weekly Movement	5.3%
Commercial Services Industry Average Movement	4.9%
Market Average Movement	5.0%
10% most volatile stocks in FR Market	9.1%
10% least volatile stocks in FR Market	2.9%

Stable Share Price: SCHP is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SCHP's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1976	4,174	Maxime Séché	https://www.groupe-seche.com

Séché Environnement SA engages in the recovery and treatment of waste products for industrial and corporate customers, and local authorities in France and internationally. The company provides industrial cleaning, site decontamination, marine decontamination, and polluted soil treatment services; storage services of hazardous and non-hazardous waste; thermal treatment services; and collection and pre-treatment services of recoverable waste, such as mechanical/ biological sorting, maturing, business waste, solid recovered fuel, and wood. It also offers decontamination, dismantling, and rehabilitation of industrial sites; electricity and steam supply based on biogas, solid recovered fuel, or wood; purification of synthesis intermediates; decontamination of metals; and treatment of gas, as well as covering the regeneration of used products.

Séché Environnement Fundamentals Summary

How do Séché Environnement's earnings and revenue compare to its market cap?
SCHP fundamental statistics
Market Cap	€621.18m
Earnings (TTM)	€28.38m
Revenue (TTM)	€790.12m

21.9x

P/E Ratio

0.8x

P/S Ratio

Is SCHP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
SCHP income statement (TTM)
Revenue	€790.12m
Cost of Revenue	€327.25m
Gross Profit	€462.87m
Other Expenses	€434.48m
Earnings	€28.38m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Sep 12, 2022

Earnings per share (EPS)	3.64
Gross Margin	58.58%
Net Profit Margin	3.59%
Debt/Equity Ratio	218.7%

How did SCHP perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

27%

Payout Ratio

Does SCHP pay a reliable dividends?

See SCHP dividend history and benchmarks

When do you need to buy SCHP by to receive an upcoming dividend?
Séché Environnement dividend dates
Ex Dividend Date	Jul 08 2022
Dividend Pay Date	Jul 12 2022
Days until Ex dividend	12 days
Days until Dividend pay date	16 days

Does SCHP pay a reliable dividends?

See SCHP dividend history and benchmarks

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SCHP?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for SCHP. This is calculated by dividing SCHP's market cap by their current preferred multiple.
What is SCHP's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	€621.18m

SCHP 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/Revenue	1.4x
Enterprise Value/EBITDA	7.9x
PEG Ratio	1.1x

Price to Earnings Ratio vs Peers

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

SCHP PE Ratio vs Peers

The above table shows the PE ratio for SCHP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	11.9x

Forward PE

Price-To-Earnings vs Peers: SCHP is expensive based on its Price-To-Earnings Ratio (21.9x) compared to the peer average (11.9x).

Price to Earnings Ratio vs Industry

How does SCHP's PE Ratio compare vs other companies in the Commercial Services Industry?

Price-To-Earnings vs Industry: SCHP is expensive based on its Price-To-Earnings Ratio (21.9x) compared to the French Commercial Services industry average (20.4x)

Price to Earnings Ratio vs Fair Ratio

What is SCHP'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.

SCHP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	21.9x
Fair PE Ratio	23.5x

Price-To-Earnings vs Fair Ratio: SCHP is good value based on its Price-To-Earnings Ratio (21.9x) compared to the estimated Fair Price-To-Earnings Ratio (23.5x).

Share Price vs Fair Value

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

Below Fair Value: SCHP (€79.6) is trading below our estimate of fair value (€139.68)

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

Price to Earnings Growth Ratio

PEG Ratio: SCHP is poor value based on its PEG Ratio (1.1x)

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Future Growth

How is Séché Environnement forecast to perform in the next 1 to 3 years based on estimates from 3 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

20.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SCHP's forecast earnings growth (20.3% per year) is above the savings rate (0.3%).

Earnings vs Market: SCHP's earnings (20.3% per year) are forecast to grow faster than the French market (11.7% per year).

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

Revenue vs Market: SCHP's revenue (9.6% per year) is forecast to grow faster than the French market (5.9% per year).

High Growth Revenue: SCHP's revenue (9.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SCHP's Return on Equity is forecast to be low in 3 years time (14.6%).

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Past Performance

How has Séché Environnement performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

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

19.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SCHP has high quality earnings.

Growing Profit Margin: SCHP's current net profit margins (3.6%) are higher than last year (2.1%).

Past Earnings Growth Analysis

Earnings Trend: SCHP's earnings have grown by 19.7% per year over the past 5 years.

Accelerating Growth: SCHP's earnings growth over the past year (105.5%) exceeds its 5-year average (19.7% per year).

Earnings vs Industry: SCHP earnings growth over the past year (105.5%) underperformed the Commercial Services industry 105.5%.

Return on Equity

High ROE: SCHP's Return on Equity (10.8%) is considered low.

Discover strong past performing companies

Financial Health

How is Séché Environnement'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: SCHP's short term assets (€415.0M) exceed its short term liabilities (€315.3M).

Long Term Liabilities: SCHP's short term assets (€415.0M) do not cover its long term liabilities (€634.6M).

Debt to Equity History and Analysis

Debt Level: SCHP's net debt to equity ratio (156%) is considered high.

Reducing Debt: SCHP's debt to equity ratio has increased from 133.7% to 218.7% over the past 5 years.

Debt Coverage: SCHP's debt is well covered by operating cash flow (23.7%).

Interest Coverage: SCHP's interest payments on its debt are well covered by EBIT (4x coverage).

Balance Sheet

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Dividend

What is Séché Environnement 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
Future Dividend Coverage

1.26%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: SCHP's dividend (1.26%) isn’t notable compared to the bottom 25% of dividend payers in the French market (1.8%).

High Dividend: SCHP's dividend (1.26%) is low compared to the top 25% of dividend payers in the French market (5.42%).

Stability and Growth of Payments

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

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

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (27.5%), SCHP's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (14.8%), SCHP's dividend payments are thoroughly covered by cash flows.

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Management

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

3.8yrs

Average management tenure

CEO

Maxime Séché (37 yo)

2.5yrs

Tenure

€449,517

Compensation

Mr. Maxime Séché serves as Chief Executive Officer of Séché Environnement SA since December 10, 2019 and served as Deputy Chief Executive Officer until December 10, 2019. Mr. Séché served as Director of St...

CEO Compensation Analysis

Compensation vs Market: Maxime's total compensation ($USD474.17K) is about average for companies of similar size in the French market ($USD544.69K).

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

Leadership Team

Experienced Management: SCHP's management team is considered experienced (3.8 years average tenure).

Board Members

Experienced Board: SCHP's board of directors are considered experienced (5.8 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.

Data	Last Updated (UTC time)
Company Analysis	2022/06/26 00:00
End of Day Share Price	2022/06/24 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31