ENXTPA:SK

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Adequate balance sheet with moderate growth potential.


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

Stable Share Price: SK has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.5%

SK

-4.3%

FR Consumer Durables

-2.2%

FR Market


1 Year Return

6.6%

SK

5.0%

FR Consumer Durables

-9.6%

FR Market

Return vs Industry: SK exceeded the French Consumer Durables industry which returned 5.2% over the past year.

Return vs Market: SK exceeded the French Market which returned -7.9% over the past year.


Shareholder returns

SKIndustryMarket
7 Day-5.5%-4.3%-2.2%
30 Day1.3%2.7%2.8%
90 Day1.2%1.8%0.01%
1 Year7.9%6.6%6.6%5.0%-7.6%-9.6%
3 Year-8.7%-12.2%-10.1%-14.6%2.9%-6.0%
5 Year66.6%55.9%59.0%44.9%29.3%10.1%

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?

26.26x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SK (€142.9) is trading above our estimate of fair value (€92.66)

Significantly Below Fair Value: SK is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SK is poor value based on its PE Ratio (26.3x) compared to the FR Consumer Durables industry average (22.8x).

PE vs Market: SK is poor value based on its PE Ratio (26.3x) compared to the French market (18.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SK is overvalued based on its PB Ratio (3.2x) compared to the FR Consumer Durables industry average (2x).


Next Steps

Future Growth

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

23.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SK's forecast earnings growth (23.8% per year) is above the savings rate (0.6%).

Earnings vs Market: SK's earnings (23.8% per year) are forecast to grow faster than the French market (23.4% per year).

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

Revenue vs Market: SK's revenue (5% per year) is forecast to grow slower than the French market (6.8% per year).

High Growth Revenue: SK's revenue (5% 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 (15%).


Next Steps

Past Performance

How has SEB performed over the past 5 years?

13.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SK has high quality earnings.

Growing Profit Margin: SK's current net profit margins (4.1%) are lower than last year (6%).


Past Earnings Growth Analysis

Earnings Trend: SK's earnings have grown by 13.6% per year over the past 5 years.

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

Earnings vs Industry: SK had negative earnings growth (-34%) over the past year, making it difficult to compare to the Consumer Durables industry average (-11.7%).


Return on Equity

High ROE: SK's Return on Equity (13%) is considered low.


Next Steps

Financial Health

How is SEB's financial position?


Financial Position Analysis

Short Term Liabilities: SK's short term assets (€4.1B) exceed its short term liabilities (€2.6B).

Long Term Liabilities: SK's short term assets (€4.1B) exceed its long term liabilities (€3.3B).


Debt to Equity History and Analysis

Debt Level: SK's debt to equity ratio (142.9%) is considered high.

Reducing Debt: SK's debt to equity ratio has increased from 49.6% to 142.9% over the past 5 years.

Debt Coverage: SK's debt is well covered by operating cash flow (22.4%).

Interest Coverage: SK's interest payments on its debt are well covered by EBIT (18x coverage).


Balance Sheet


Next Steps

Dividend

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

1.00%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SK's dividend (1%) isn’t notable compared to the bottom 25% of dividend payers in the French market (1.55%).

High Dividend: SK's dividend (1%) is low compared to the top 25% of dividend payers in the French market (5.17%).


Stability and Growth of Payments

Stable Dividend: SK's dividend payments have been volatile 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 reasonably low payout ratio (26.3%), 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 (25.5% payout ratio).


Next Steps

  • Explore strong dividend paying companies in the Consumer Durables industry.

Management

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

1.8yrs

Average management tenure


CEO

Thierry de La d'Artaise (66 yo)

20.75yrs

Tenure

€4,969,995

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 ($USD5.87M) is above average for companies of similar size in the French market ($USD3.57M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Thierry de La d'Artaise
Chairman & CEO20.75yrs€4.97m1.09%
€ 78.0m
Stanislas De Gramont
Chief Operating Officer1.83yrs€3.08mno data
Nathalie Lomon
Senior Executive VP of Finance & CFO1.08yrsno datano data
Isabelle Posth
Head of Financial Communication & Investor Relationsno datano datano data
Philippe Sumeire
General Counselno datano datano data
Giles Pelissier
Brands and Communication Vice Presidentno datano datano data
Harry Touret
Senior Executive Vice President of Human Resourcesno datano datano data
Cyril Buxtorf
Executive Vice President of EMEAno datano datano data
Patrick Llobregat
Executive Vice President of Cookwareno datano datano data
Martin Zouhar
Executive Vice-President of North & Central Americano datano datano data
Vincent Tai
Executive Vice-President of Asia2.75yrsno datano data
Alain Leroy
Executive Vice President of Industrial Operations1.67yrsno datano data

1.8yrs

Average Tenure

56yo

Average Age

Experienced Management: SK's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Thierry de La d'Artaise
Chairman & CEO20.75yrs€4.97m1.09%
€ 78.0m
Bertrand Finet
Independent Director3.42yrs€40.00kno data
Jean-Noël Labroue
Independent Director10.42yrs€45.00k0.0025%
€ 178.5k
Jerome Lescure
Director4.42yrs€40.00k0.096%
€ 6.9m
Emmanuel Lescure
Honorary Chairmanno datano datano data
Anne-Damarys Braida-Valerio
Director22.5yrs€40.00kno data
Yseulys Costes
Independent Director7.42yrs€38.75k0.0015%
€ 107.5k
Sarah Chauleur
Director7.42yrs€30.00kno data
William Gairard
Director5.42yrs€28.33k0.77%
€ 55.4m
Catherine Pourre
Independent Director6.67yrs€45.00kno data
Brigitte Forestier
Director3.42yrs€30.00kno data
Delphine Bertrand
Director3.42yrs€30.00k0.24%
€ 17.2m

6.0yrs

Average Tenure

54yo

Average Age

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

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: €7.169b
  • Shares outstanding: 50.17m
  • 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 Analysis2020/10/26 20:33
End of Day Share Price2020/10/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.