ENXTPA:SK

Stock Analysis Report

Executive Summary

SEB SA designs, manufactures, and markets small household appliances worldwide.

Snowflake

Fundamentals

Adequate balance sheet average dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-0.3%

ENXTPA:SK

-0.08%

FR Consumer Durables

0.3%

FR Market


1 Year Return

-4.5%

ENXTPA:SK

-7.5%

FR Consumer Durables

3.0%

FR Market

SK outperformed the Consumer Durables industry which returned -8.5% over the past year.

SK underperformed the Market in France which returned 3.1% over the past year.


Share holder returns

SKIndustryMarket
7 Day-0.3%-0.08%0.3%
30 Day7.3%6.4%5.0%
90 Day-6.9%-5.1%0.8%
1 Year-3.2%-4.5%-5.5%-7.5%6.6%3.0%
3 Year20.3%15.8%17.6%11.5%45.8%31.8%
5 Year151.4%134.1%121.1%99.6%60.8%37.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

19%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

SEB's share price is below the future cash flow value, but not at a moderate discount (< 20%).

SEB's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

SEB is overvalued based on earnings compared to the FR Consumer Durables industry average.

SEB is good value based on earnings compared to the France market.


Price Based on Expected Growth

SEB is poor value based on expected growth next year.


Price Based on Value of Assets

SEB is overvalued based on assets compared to the FR Consumer Durables industry average.


Next Steps

Future Growth

How is SEB expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

11.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

SEB's revenue is expected to grow by 5.7% yearly, however this is not considered high growth (20% yearly).

SEB's earnings are expected to grow by 11.8% yearly, however this is not considered high growth (20% yearly).

SEB's revenue growth is expected to exceed the France market average.

SEB's earnings growth is expected to exceed the France market average.

SEB's earnings growth is expected to exceed the low risk savings rate of 0.7%.


Earnings per Share Growth Estimates


Future Return on Equity

SEB is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has SEB performed over the past 5 years?

21.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

SEB has delivered over 20% year on year earnings growth in the past 5 years.

SEB's 1-year earnings growth is less than its 5-year average (11.8% vs 21.2%)

SEB's earnings growth has exceeded the FR Consumer Durables industry average in the past year (11.8% vs -0.8%).


Return on Equity

Whilst SEB has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.


Return on Assets

SEB used its assets more efficiently than the FR Consumer Durables industry average last year based on Return on Assets.


Return on Capital Employed

SEB's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is SEB's financial position?


Financial Position Analysis

SEB is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

SEB's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

SEB's level of debt (116.9%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (59.6% vs 116.9% today).

Debt is well covered by operating cash flow (22.9%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 37.5x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.2x debt.


Next Steps

Dividend

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

1.74%

Expected Dividend Yield


Dividend Yield and Payments Analysis

SEB's pays a lower dividend yield than the bottom 25% of dividend payers in France (1.57%).

SEB's dividend is below the markets top 25% of dividend payers in France (4.52%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (4x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (4x coverage).


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Thierry de La d'Artaise (65yo)

19.7yrs

Tenure

€14,424,285

Compensation

Mr. Thierry de La Tour d'Artaise serves as the Chairman of SEB SA since 2000 and Chief Executive Officer since 1994. Mr. d'Artaise served as a Member of Group Management Board at SEB. Mr. d'Artaise serves  ...


CEO Compensation Analysis

Thierry de La's remuneration is higher than average for companies of similar size in France.

Thierry de La's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.0yrs

Average Tenure

57yo

Average Age

The tenure for the SEB management team is about average.


Board Age and Tenure

6.3yrs

Average Tenure

57yo

Average Age

The tenure for the SEB board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Jérôme Lescure (60yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: €40.00k
  • Thierry de La d'Artaise (65yo)

    Chairman & CEO

    • Tenure: 19.7yrs
    • Compensation: €14.42m
  • Harry Touret (64yo)

    Senior Executive Vice President of Human Resources

    • Tenure: 0yrs
  • Cyril Buxtorf (53yo)

    Executive Vice President of EMEA

    • Tenure: 0yrs
  • Patrick Llobregat

    Executive Vice President of Cookware

    • Tenure: 0yrs
  • Vincent Leonard (55yo)

    Senior Executive Vice President of Finance

    • Tenure: 3yrs
  • Philippe Sumeire (57yo)

    General Counsel & Secretary

    • Tenure: 0yrs
  • Giles Pelissier

    Brands and Communication Vice President

    • Tenure: 0yrs
  • Stanislas De Gramont (53yo)

    Chief Operating Officer

    • Tenure: 0.8yrs
    • Compensation: €865.88k
  • Isabelle Posth

    Head of Financial Communication & Investor Relations

    • Tenure: 0yrs

Board Members

  • Jean-Noël Labroue (71yo)

    Independent Director

    • Tenure: 9.3yrs
    • Compensation: €45.00k
  • Jérôme Lescure (60yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: €40.00k
  • Emmanuel Lescure (89yo)

    Honorary Chairman

    • Tenure: 0yrs
  • Thierry de La d'Artaise (65yo)

    Chairman & CEO

    • Tenure: 19.7yrs
    • Compensation: €14.42m
  • Hubert Fèvre (54yo)

    Director

    • Tenure: 16.3yrs
    • Compensation: €40.00k
  • Anne-Damarys Braida-Valerio (51yo)

    Director

    • Tenure: 21.4yrs
    • Compensation: €40.00k
  • Yseulys Costes (47yo)

    Independent Director

    • Tenure: 6.3yrs
    • Compensation: €37.50k
  • Sarah Chauleur (47yo)

    Director

    • Tenure: 6.3yrs
    • Compensation: €30.00k
  • William Gairard (38yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: €30.00k
  • Catherine Pourre (62yo)

    Independent Director

    • Tenure: 5.6yrs
    • Compensation: €45.00k

Company Information

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


Key Information

  • Name: SEB SA
  • Ticker: SK
  • Exchange: ENXTPA
  • Founded: 1857
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Market Cap: €7.166b
  • Shares outstanding: 49.94m
  • Website: https://www.groupeseb.com

Number of Employees


Location

  • SEB SA
  • Campus SEB – 112
  • Chemin du Moulin Carron
  • Écully
  • Rhône-Alpes
  • 69130
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SEBY.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDAug 1992
SKENXTPA (Euronext Paris)YesCommon StockFREURAug 1992
GRBDB (Deutsche Boerse AG)YesCommon StockDEEURAug 1992
0MGSLSE (London Stock Exchange)YesCommon StockGBEURAug 1992
SKPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURAug 1992
SEBY.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDFeb 2018

Biography

SEB SA designs, manufactures, and markets small household appliances worldwide. It provides kitchen electrics, including electrical cooking products comprising deep fryers, rice cookers, electric pressure  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/17 20:37
End of Day Share Price2019/09/17 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.