ENXTPA:SK

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Established dividend payer with adequate balance sheet.


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%

SK

0.5%

FR Consumer Durables

-0.9%

FR Market


1 Year Return

4.4%

SK

3.5%

FR Consumer Durables

12.5%

FR Market

Return vs Industry: SK exceeded the French Consumer Durables industry which returned 3.5% over the past year.

Return vs Market: SK underperformed the French Market which returned 12.5% over the past year.


Shareholder returns

SKIndustryMarket
7 Day0.3%0.5%-0.9%
30 Day-3.4%-3.3%-0.8%
90 Day-8.5%-7.5%-0.5%
1 Year5.9%4.4%5.6%3.5%16.3%12.5%
3 Year8.8%4.8%9.2%3.7%43.1%29.1%
5 Year132.1%116.2%115.1%94.2%71.4%45.4%

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 compared to its fair value and its price relative to the market?

17.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SK (€138.8) is trading below our estimate of fair value (€168.64)

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


Price To Earnings Ratio

PE vs Industry: SK is poor value based on its PE Ratio (16.1x) compared to the Consumer Durables industry average (15.2x).

PE vs Market: SK is good value based on its PE Ratio (16.1x) compared to the French market (17.3x).


Price to Earnings Growth Ratio

PEG Ratio: SK is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: SK is overvalued based on its PB Ratio (3.3x) compared to the FR Consumer Durables industry average (2.9x).


Next Steps

Future Growth

How is SEB forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

10.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SK's forecast earnings growth (10.8% per year) is above the savings rate (0.7%).

Earnings vs Market: SK's earnings (10.8% per year) are forecast to grow slower than the French market (11.4% per year).

High Growth Earnings: SK's earnings are forecast to grow, but not significantly.

Revenue vs Market: SK's revenue (5.7% per year) is forecast to grow faster than the French market (4.4% per year).

High Growth Revenue: SK's revenue (5.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SK's Return on Equity is forecast to be low in 3 years time (17.7%).


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

Earnings Trend: SK's earnings have grown significantly by 21.2% per year over the past 5 years.

Accelerating Growth: SK's earnings growth over the past year (11.8%) is below its 5-year average (21.2% per year).

Earnings vs Industry: SK earnings growth over the past year (11.8%) exceeded the Consumer Durables industry -3.2%.


Return on Equity

High ROE: Whilst SK's Return on Equity (20.46%) is high, this metric is skewed due to their high level of debt.


Return on Assets

ROA vs Industry: SK has a higher Return on Assets than the Consumer Durables industry average last year.


Return on Capital Employed

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


Next Steps

Financial Health

How is SEB's financial position?


Financial Position Analysis

Short Term Liabilities: SK's short term assets (€3.2B) exceeds its short term liabilities (€2.2B)

Long Term Liabilities: SK's short term assets (3.2B) exceeds its long term liabilities (3.0B)


Debt to Equity History and Analysis

Debt Level: SK's debt to equity ratio (116.9%) is considered high

Reducing Debt: SK's debt to equity ratio has increased from 59.6% to 116.9% over the past 5 years.

Debt Coverage: SK's debt is well covered by operating cash flow (22.9%).

Interest Coverage: SK's interest payments on its debt are well covered by EBIT (37.5x coverage).


Balance Sheet

Inventory Level: SK has a high level of physical assets or inventory.

Debt Coverage by Assets: SK's debt is covered by short term assets (assets are 1.169710x debt).


Next Steps

Dividend

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

1.54%

Current Dividend Yield


Dividend Yield vs Market

company1.5%marketbottom25%1.5%markettop25%4.7%industryaverage2.1%forecastin3Years1.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: SK's dividend (1.54%) is higher than the bottom 25% of dividend payers in the French market (1.55%).

High Dividend: SK's dividend (1.54%) is low compared to the top 25% of dividend payers in the French market (4.71%).

Stable Dividend: SK's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.8%), SK's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SK's dividends in 3 years are forecast to be well covered by earnings (25% payout ratio).


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Thierry de La d'Artaise (65yo)

19.8yrs

Tenure

€4,828,095

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

Compensation vs. Market: Thierry de La's total compensation ($USD5.38M) is about average for companies of similar size in the French market ($USD2.66M).

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


Management Age and Tenure

0.8yrs

Average Tenure

55yo

Average Age

Experienced Management: SK's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Age and Tenure

6.4yrs

Average Tenure

57yo

Average Age

Experienced Board: SK's board of directors are considered experienced (6.4 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

  • Thierry de La d'Artaise (65yo)

    Chairman & CEO

    • Tenure: 19.8yrs
    • Compensation: €4.83m
  • 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
  • Martin Zouhar

    Executive Vice-President of North & Central America

    • Tenure: 0yrs
  • Nathalie Lomon (48yo)

    Senior Executive VP & CFO

    • Tenure: 0.8yrs
  • 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: 9.4yrs
    • Compensation: €45.00k
  • Jérôme Lescure (60yo)

    Director

    • Tenure: 3.4yrs
    • Compensation: €40.00k
  • Emmanuel Lescure (89yo)

    Honorary Chairman

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

    Chairman & CEO

    • Tenure: 19.8yrs
    • Compensation: €4.83m
  • Hubert Fèvre (54yo)

    Director

    • Tenure: 16.4yrs
    • Compensation: €40.00k
  • Anne-Damarys Braida-Valerio (51yo)

    Director

    • Tenure: 21.5yrs
    • Compensation: €40.00k
  • Yseulys Costes (47yo)

    Independent Director

    • Tenure: 6.4yrs
    • Compensation: €37.50k
  • Sarah Chauleur (47yo)

    Director

    • Tenure: 6.4yrs
    • Compensation: €30.00k
  • William Gairard (38yo)

    Director

    • Tenure: 4.4yrs
    • Compensation: €30.00k
  • Catherine Pourre (62yo)

    Independent Director

    • Tenure: 5.7yrs
    • 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: €6.932b
  • 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 Analysis2019/10/22 20:37
End of Day Share Price2019/10/22 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.