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Teleperformance

ENXTPA:TEP
Snowflake Description

Moderate growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TEP
ENXTPA
€10B
Market Cap
  1. Home
  2. FR
  3. Commercial Services
Company description

Teleperformance SE provides outsourced omnichannel customer experience management services worldwide. The last earnings update was 102 days ago. More info.


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TEP Share Price and Events
7 Day Returns
-1.1%
ENXTPA:TEP
-0.3%
FR Professional Services
-0.1%
FR Market
1 Year Returns
17.6%
ENXTPA:TEP
-0%
FR Professional Services
-2.5%
FR Market
TEP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Teleperformance (TEP) -1.1% 1.7% 9.1% 17.6% 126.8% 280.6%
FR Professional Services -0.3% 0.7% 4.2% -0% 49.3% 64.8%
FR Market -0.1% -0.2% -0.3% -2.5% 34% 27.3%
1 Year Return vs Industry and Market
  • TEP outperformed the Professional Services industry which returned -0% over the past year.
  • TEP outperformed the Market in France which returned -2.5% over the past year.
Price Volatility
TEP
Industry
5yr Volatility vs Market

TEP Value

 Is Teleperformance undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Teleperformance to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Teleperformance.

ENXTPA:TEP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.3%
Perpetual Growth Rate 10-Year FR Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTPA:TEP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.855 (1 + (1- 33%) (24.02%))
0.995
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (0.995 * 6.65%)
7.35%

Discounted Cash Flow Calculation for ENXTPA:TEP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Teleperformance is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ENXTPA:TEP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.35%)
2019 407.11 Analyst x9 379.25
2020 485.52 Analyst x9 421.33
2021 539.66 Analyst x5 436.26
2022 595.00 Analyst x1 448.07
2023 643.00 Analyst x1 451.08
2024 679.34 Est @ 5.65% 443.95
2025 707.71 Est @ 4.18% 430.84
2026 729.95 Est @ 3.14% 413.96
2027 747.62 Est @ 2.42% 394.96
2028 761.93 Est @ 1.91% 374.97
Present value of next 10 years cash flows €4,194.68
ENXTPA:TEP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €761.93 × (1 + 0.73%) ÷ (7.35% – 0.73%)
€11,603.60
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €11,603.60 ÷ (1 + 7.35%)10
€5,710.52
ENXTPA:TEP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €4,194.68 + €5,710.52
€9,905.20
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €9,905.20 / 58.35
€169.75
ENXTPA:TEP Discount to Share Price
Calculation Result
Value per share (EUR) From above. €169.75
Current discount Discount to share price of €173.90
= -1 x (€173.90 - €169.75) / €169.75
-2.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Teleperformance is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Teleperformance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Teleperformance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:TEP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €5.41
ENXTPA:TEP Share Price ** ENXTPA (2019-06-14) in EUR €173.9
France Professional Services Industry PE Ratio Median Figure of 11 Publicly-Listed Professional Services Companies 16.57x
France Market PE Ratio Median Figure of 423 Publicly-Listed Companies 17.64x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Teleperformance.

ENXTPA:TEP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:TEP Share Price ÷ EPS (both in EUR)

= 173.9 ÷ 5.41

32.16x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Teleperformance is overvalued based on earnings compared to the FR Professional Services industry average.
  • Teleperformance is overvalued based on earnings compared to the France market.
Price based on expected Growth
Does Teleperformance's expected growth come at a high price?
Raw Data
ENXTPA:TEP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 32.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
14.2%per year
France Professional Services Industry PEG Ratio Median Figure of 7 Publicly-Listed Professional Services Companies 1.13x
France Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

ENXTPA:TEP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 32.16x ÷ 14.2%

2.27x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Teleperformance is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Teleperformance's assets?
Raw Data
ENXTPA:TEP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €38.52
ENXTPA:TEP Share Price * ENXTPA (2019-06-14) in EUR €173.9
France Professional Services Industry PB Ratio Median Figure of 14 Publicly-Listed Professional Services Companies 2.28x
France Market PB Ratio Median Figure of 624 Publicly-Listed Companies 1.45x
ENXTPA:TEP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:TEP Share Price ÷ Book Value per Share (both in EUR)

= 173.9 ÷ 38.52

4.51x

* Primary Listing of Teleperformance.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Teleperformance is overvalued based on assets compared to the FR Professional Services industry average.
X
Value checks
We assess Teleperformance's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. Teleperformance has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TEP Future Performance

 How is Teleperformance expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Teleperformance expected to grow at an attractive rate?
  • Teleperformance's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Teleperformance's earnings growth is expected to exceed the France market average.
  • Teleperformance's revenue growth is expected to exceed the France market average.
Annual Growth Rates Comparison
Raw Data
ENXTPA:TEP Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:TEP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 14.2%
ENXTPA:TEP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 9.3%
France Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 12.8%
France Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
France Market Earnings Growth Rate Market Cap Weighted Average 12.8%
France Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTPA:TEP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:TEP Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,191
2022-12-31 1,110
2021-12-31 5,929 879 486 9
2020-12-31 5,550 772 432 13
2019-12-31 5,196 539 388 13
ENXTPA:TEP Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 4,441 523 312
2018-09-30 4,305 512 316
2018-06-30 4,169 500 319
2018-03-31 4,175 508 316
2017-12-31 4,180 516 312
2017-09-30 4,111 526 278
2017-06-30 4,041 536 244
2017-03-31 3,845 498 229
2016-12-31 3,649 459 214
2016-09-30 3,539 428 209
2016-06-30 3,429 397 203
2016-03-31 3,414 394 202

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Teleperformance's earnings are expected to grow by 14.2% yearly, however this is not considered high growth (20% yearly).
  • Teleperformance's revenue is expected to grow by 9.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTPA:TEP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Teleperformance Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:TEP Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 8.29 9.27 7.63 6.00
2020-12-31 7.35 8.72 6.70 10.00
2019-12-31 6.63 7.27 6.28 5.00
ENXTPA:TEP Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 5.41
2018-09-30 5.46
2018-06-30 5.52
2018-03-31 5.46
2017-12-31 5.40
2017-09-30 4.82
2017-06-30 4.23
2017-03-31 3.98
2016-12-31 3.74
2016-09-30 3.65
2016-06-30 3.56
2016-03-31 3.53

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Teleperformance is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Teleperformance's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the France market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the France market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Teleperformance has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TEP Past Performance

  How has Teleperformance performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Teleperformance's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Teleperformance's year on year earnings growth rate has been positive over the past 5 years.
  • Teleperformance's 1-year earnings growth is less than its 5-year average (0% vs 19.5%)
  • Teleperformance's earnings growth has not exceeded the FR Professional Services industry average in the past year (0% vs 7.3%).
Earnings and Revenue History
Teleperformance's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Teleperformance Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:TEP Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 4,441.00 312.00 761.00
2018-09-30 4,305.00 315.50 736.50
2018-06-30 4,169.00 319.00 712.00
2018-03-31 4,174.50 315.50 718.00
2017-12-31 4,180.00 312.00 724.00
2017-09-30 4,110.50 278.00 724.00
2017-06-30 4,041.00 244.00 724.00
2017-03-31 3,845.00 229.00 694.00
2016-12-31 3,649.00 214.00 664.00
2016-09-30 3,539.00 208.50 645.00
2016-06-30 3,429.00 203.00 626.00
2016-03-31 3,413.50 201.50 626.00
2015-12-31 3,398.00 200.00 626.00
2015-09-30 3,284.50 188.00 603.50
2015-06-30 3,171.00 176.00 581.00
2015-03-31 2,964.50 163.00 537.00
2014-12-31 2,758.00 150.00 493.00
2014-09-30 2,620.00 141.50 459.00
2014-06-30 2,482.00 133.00 425.00
2014-03-31 2,457.50 131.00 413.00
2013-12-31 2,433.00 129.00 401.00
2013-09-30 2,424.21 131.86 396.13
2013-06-30 2,415.43 134.71 391.26
2013-03-31 2,381.21 130.86 388.63
2012-12-31 2,347.00 127.00 386.00
2012-09-30 2,269.52 115.42 387.95
2012-06-30 2,192.03 103.85 389.90

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Teleperformance has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Teleperformance used its assets less efficiently than the FR Professional Services industry average last year based on Return on Assets.
  • Teleperformance's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Teleperformance's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Teleperformance has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TEP Health

 How is Teleperformance's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Teleperformance's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Teleperformance is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Teleperformance's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Teleperformance's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Teleperformance Company Filings, last reported 5 months ago.

ENXTPA:TEP Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,225.00 2,437.00 336.00
2018-09-30 2,225.00 2,437.00 336.00
2018-06-30 1,958.00 1,648.00 371.90
2018-03-31 1,958.00 1,648.00 371.90
2017-12-31 1,922.00 1,611.00 323.00
2017-09-30 1,922.00 1,611.00 323.00
2017-06-30 1,827.00 1,734.00 328.70
2017-03-31 1,827.00 1,734.00 328.70
2016-12-31 1,921.00 1,949.00 306.00
2016-09-30 1,921.00 1,949.00 306.00
2016-06-30 1,727.00 611.00 295.00
2016-03-31 1,727.00 611.00 295.00
2015-12-31 1,765.00 620.00 300.00
2015-09-30 1,765.00 620.00 300.00
2015-06-30 1,701.00 690.00 305.90
2015-03-31 1,701.00 690.00 305.90
2014-12-31 1,600.00 639.00 267.00
2014-09-30 1,600.00 639.00 267.00
2014-06-30 1,438.00 110.00 188.50
2014-03-31 1,438.00 110.00 188.50
2013-12-31 1,396.00 77.00 179.00
2013-09-30 1,396.00 77.00 179.00
2013-06-30 1,388.96 90.52 161.93
2013-03-31 1,388.96 90.52 161.93
2012-12-31 1,383.00 90.00 183.00
2012-09-30 1,383.00 90.00 183.00
2012-06-30 1,335.08 133.60 158.50
  • Teleperformance's level of debt (109.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (5.5% vs 109.5% today).
  • Debt is well covered by operating cash flow (21.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.3x coverage).
X
Financial health checks
We assess Teleperformance's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Teleperformance has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TEP Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.09%
Current annual income from Teleperformance dividends. Estimated to be 1.44% next year.
If you bought €2,000 of Teleperformance shares you are expected to receive €22 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Teleperformance's pays a lower dividend yield than the bottom 25% of dividend payers in France (1.56%).
  • Teleperformance's dividend is below the markets top 25% of dividend payers in France (4.41%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTPA:TEP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
France Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 1.8%
France Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.1%
France Minimum Threshold Dividend Yield 10th Percentile 0.9%
France Bottom 25% Dividend Yield 25th Percentile 1.6%
France Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTPA:TEP Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2.80 9.00
2020-12-31 2.52 12.00
2019-12-31 2.24 10.00
ENXTPA:TEP Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-05 1.900 1.136
2019-02-28 1.900 1.177
2018-04-23 1.850 1.243
2017-06-23 1.300 1.078
2016-04-28 1.200 1.288
2015-05-07 0.920 1.315
2014-05-07 0.800 1.498
2013-07-03 0.680 1.690
2012-07-30 0.460 1.686
2012-03-05 0.460 2.403
2012-02-28 0.460 2.274
2011-06-03 0.330 1.900
2010-05-27 0.330 1.437

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Teleperformance has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Teleperformance only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Teleperformance's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.5x coverage).
X
Income/ dividend checks
We assess Teleperformance's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Teleperformance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Teleperformance has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TEP Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Daniel Julien
COMPENSATION €4,487,593
AGE 66
CEO Bio

Mr. Daniel Julien serves as Chief Executive Officer of Teleperformance Group Inc. Mr. Julien serves as Chief Executive Officer of Teleperformance Group at Hispanic Teleservices Corporation. Mr. Julien serves as the Chief Executive Officer of Teleperformance SE. He founded Teleperformance SE in 1978 and has been its Group Chairman since May 31, 2011 and served as its Managing Director since May 31, 2011. Mr. Julien served as Chief Executive Officer of Teleperformance SE until May 2013. He served as Chairman of Supervisory Board of Teleperformance SE until January 2010 and served as Hispanic Teleservices Corporation its Member of Supervisory Board from June 26, 2003 to January 2010. He served as Chairman of Supervisory Board of Americall Group, Inc. He served as Chairman of Board of Business Response Inc., Marcom, Teleperformance and TP USA. He has been a Director of Teleperformance SE since January 2, 2010. He served as a Director of TPUSA, Inc., Hispanic Teleservices Corporation and Teleperformance France. He serves as a Director of Fonomerk, Grandi Numeri, Iberphone, Promoplan SpA, Service 800, Société Européenne deTélémarketing, TPLebanon. His other positions held within the SR. Teleperformance group: Director of Teleperformance France (TP France) Permanentre presentative of SR. Teleperformance within Business Fil, Multilignes Conseil,New Way, Pentagone, Rochefortaise Marketing Services (SR.MS ) ,S R. BV, Synerfil. Mr. Julien served as a Director of Americall, Americall de Mexico, B. I .T. E., BPS Associates Limited , CKA PT Assessoria e Commercio, CRM Services India Private , FST SA,I MC Marketing Inc. ,Market USA , Marusa Financial Services, Marusa Marketing, MMCC Solutions Inc., Newton 21 UK , Noble Systems, NSDI , Plurimarketing, SAC, Startel Communications, Synesis, TP Australia,TP Brazil,TP Denmark, TP Finland,TP group Inc. ,TP Italia, TP Norway, TelePhilippines Inc. ,Teomac, Times Teleperformance Singapore. He is Director of Frens Inmobiliaria, S.A. de C.V. (Mexico), DJ Plus Operadora Inmobiliaria, S. de R.L. de C.V. (Mexico) and DJ Plus S. de R.L. de C.V. (Mexico). He was Chairman and Chief Executive Officer of Impulsora Corporativa Internacional S.A. de C.V. He was Director of U.S. Solutions Group, Inc. Mr. Julien holds graduation in economics from University of Paris.

CEO Compensation
  • Daniel's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Daniel's remuneration is higher than average for companies of similar size in France.
Management Team Tenure

Average tenure and age of the Teleperformance management team in years:

3.3
Average Tenure
62
Average Age
  • The tenure for the Teleperformance management team is about average.
Management Team

Daniel Julien

TITLE
Executive Chairman & Global CEO
COMPENSATION
€4M
AGE
66

Olivier Rigaudy

TITLE
Group Deputy CEO & Group CFO
COMPENSATION
€1M
AGE
59
TENURE
9.3 yrs

Leigh Ryan

TITLE
Chief Legal & Compliance Officer and Director
COMPENSATION
€1M
AGE
65
TENURE
3.3 yrs

Jeff Balagna

TITLE
Chief Operating Officer
TENURE
1.7 yrs

Lyle Hardy

TITLE
Chief Information Officer

Alan Winters

TITLE
Chief Administrative Officer

Quy Nguyen-Ngoc

TITLE
Investor Relations Director
AGE
49
TENURE
6.8 yrs

Virginie Heuz

TITLE
Communications Director

Fabricio Coutinho

TITLE
Chief Marketing Officer

Yannis Tourcomanis

TITLE
President of the Continental Europe
TENURE
1.7 yrs
Board of Directors Tenure

Average tenure and age of the Teleperformance board of directors in years:

8.1
Average Tenure
69
Average Age
  • The tenure for the Teleperformance board of directors is about average.
Board of Directors

Jacques Berrebi

TITLE
Chairman Emeritus
AGE
76
TENURE
7.4 yrs

Daniel Julien

TITLE
Executive Chairman & Global CEO
COMPENSATION
€4M
AGE
66
TENURE
8.1 yrs

Leigh Ryan

TITLE
Chief Legal & Compliance Officer and Director
COMPENSATION
€1M
AGE
65
TENURE
3.2 yrs

Jacques Laurent

TITLE
Non-Executive Chairman of Teleperformance Canada
TENURE
5.5 yrs

Robert Paszczak

TITLE
Independent Director
COMPENSATION
€82K
AGE
68
TENURE
8.1 yrs

Alain Boulet

TITLE
Independent Director
COMPENSATION
€68K
AGE
69
TENURE
8.1 yrs

Patrick Thomas

TITLE
Lead Independent Director
COMPENSATION
€2K
AGE
71
TENURE
1.3 yrs

Philippe Dominati

TITLE
Non-Independent Director
COMPENSATION
€128K
AGE
64
TENURE
8.1 yrs

Bernard Canetti

TITLE
Non-Independent Director
COMPENSATION
€69K
AGE
69
TENURE
8.1 yrs

Jean-Claude Guez

TITLE
Non-Independent Director
COMPENSATION
€62K
AGE
73
TENURE
8.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Teleperformance's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Teleperformance has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TEP News

Simply Wall St News

With A Return On Equity Of 14%, Has Teleperformance SE's (EPA:TEP) Management Done Well?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Teleperformance: 14% = €312m ÷ €2.2b (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Combining Teleperformance's Debt And Its 14% Return On Equity Teleperformance clearly uses a significant amount of debt to boost returns, as it has a debt to equity ratio of 1.10. … Companies that can achieve high returns on equity without too much debt are generally of good quality.

Simply Wall St -

Could The Teleperformance SE (EPA:TEP) Ownership Structure Tell Us Something Useful?

We also tend to see lower insider ownership in companies that were previously publicly owned. … Insider Ownership Of Teleperformance The definition of an insider can differ slightly between different countries, but members of the board of directors always count. … It is a very large company, and board members collectively own €171m worth of shares (at current prices).

Simply Wall St -

How Do Teleperformance SE’s (EPA:TEP) Returns Compare To Its Industry?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Teleperformance: 0.10 = €493m ÷ (€5.9b - €1.1b) (Based on the trailing twelve months to December 2018.) Therefore, Teleperformance has an ROCE of 10%. … Teleperformance's Current Liabilities And Their Impact On Its ROCE Current liabilities include invoices, such as supplier payments, short-term debt, or a tax bill, that need to be paid within 12 months. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

What To Know Before Buying Teleperformance SE (EPA:TEP) For Its Dividend

On the other hand, investors have been known to buy a stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … With a 1.1% yield and a nine-year payment history, investors probably think Teleperformance looks like a reliable dividend stock. … When buying stocks for their dividends, you should always run through the checks below, to see if the dividend looks sustainable.

Simply Wall St -

How Do Teleperformance SE’s (EPA:TEP) Returns On Capital Compare To Peers?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

A Look At The Fair Value Of Teleperformance SE (EPA:TEP)

Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. … We're using the 2-stage growth model, which simply means we take in account two stages of company's growth … In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate.

Simply Wall St -

Teleperformance SE (EPA:TEP): What Are The Future Prospects?

Teleperformance SE's (EPA:TEP) most recent earnings update in December 2018 … Below is a brief commentary on my key takeaways on

Simply Wall St -

Does Teleperformance SE's (EPA:TEP) March Stock Price Reflect Its Future Growth?

Looking at Teleperformance SE’s (EPA:TEP) fundamentals some investors are wondering if its last closing price of €159.6 represents a good value for money for this high growth stock. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … According to the analysts covering the company, the following few years should bring about good growth prospects for Teleperformance

Simply Wall St -

Is Teleperformance SE's (EPA:TEP) Balance Sheet A Threat To Its Future?

its financial health remains the key to continued success. … Let’s take a look at Teleperformance’s leverage and assess its financial strength to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … Note that this information is centred entirely on financial health and is a high-level overview, so I encourage you to look further

Simply Wall St -

What Should We Expect From Teleperformance SE's (EPA:TEP) Earnings In The Year Ahead?

After Teleperformance SE's (EPA:TEP) earnings announcement on 31 December 2018,. … in-line with its track record, as upcoming earnings growth is expected to be 20% next year, similar to the range of average earnings growth for the past five years of 20% per year

Simply Wall St -

TEP Company Info

Description

Teleperformance SE provides outsourced omnichannel customer experience management services worldwide. It offers analytics solutions, including InTouch, an in-depth analysis solution; Smart Cast, a forecasting solution; and On Target, a predictive solution. The company also provides automation solutions that incorporates natural language processing and proprietary omnichannel platforms; back-office solutions, such as back-office fraud prevention, order management, case management, billing, coding, chargeback, and collection services; and contact center solutions comprising customer care, technical support, and sales solutions, as well as credit and collection solutions. In addition, it offers digital integrated business services consisting of customer management, industry specific transaction processing, and finance and accounting, and HR services; consulting and knowledge services for process re-engineering and automation; and robotics process automation, artificial intelligence, machine learning, business intelligence, and data transformation products. Further, the company provides social media solutions, such as social media mapping, social interaction management, moderation, and content creation; business process solutions for visa, passport, and ID card applications, biometric data collection, and insurance enrollments permit applications; work-at-home and mobility solutions; and multilingual contact center solutions. Additionally, it offers VIP and specialized contact center solutions; and Web channels solutions to interact with customers via chat, click-to-call, video, or email, as well as implements and manages video kiosk operations. Teleperformance SE was incorporated in 1910 and is based in Paris, France.

Details
Name: Teleperformance SE
TEP
Exchange: ENXTPA
Founded: 1910
€10,147,588,439
58,353,010
Website: http://www.teleperformance.com
Address: Teleperformance SE
21/25 rue Balzac,
Paris,
Ile-de-France, 75008,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA TEP Common Shares Euronext Paris FR EUR 02. Jan 1992
OTCPK TLPF.F Common Shares Pink Sheets LLC US USD 02. Jan 1992
DB RCF Common Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0J6X Common Shares London Stock Exchange GB EUR 02. Jan 1992
OTCPK TLPF.Y UNSPONSORD ADR Pink Sheets LLC US USD 03. Dec 2008
Number of employees
Current staff
Staff numbers
300,000
Teleperformance employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 20:38
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/31
Last earnings filing: 2019/03/05
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.