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ABCA

ABC arbitrage ENXTPA:ABCA Stock Report

Last Price

€7.18

Market Cap

€425.4m

7D

0.8%

1Y

0.3%

Updated

27 May, 2022

Data

Company Financials
ABCA fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends4/6

ABCA Stock Overview

ABC arbitrage SA, together with its subsidiaries, develops arbitrage strategies for liquid assets worldwide.

ABC arbitrage Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for ABC arbitrage
Historical stock prices
Current Share Price€7.18
52 Week High€7.78
52 Week Low€6.84
Beta0.20
1 Month Change-2.45%
3 Month Change1.41%
1 Year Change0.28%
3 Year Change13.61%
5 Year Change11.66%
Change since IPO10.80%

Recent News & Updates

Apr 18
ABC arbitrage (EPA:ABCA) Has Affirmed Its Dividend Of €0.10

ABC arbitrage (EPA:ABCA) Has Affirmed Its Dividend Of €0.10

The board of ABC arbitrage SA ( EPA:ABCA ) has announced that it will pay a dividend on the 22nd of April, with...

Mar 25
ABC arbitrage (EPA:ABCA) Will Pay A Dividend Of €0.10

ABC arbitrage (EPA:ABCA) Will Pay A Dividend Of €0.10

ABC arbitrage SA's ( EPA:ABCA ) investors are due to receive a payment of €0.10 per share on 22nd of April. The...

Dec 01
ABC arbitrage (EPA:ABCA) Has Affirmed Its Dividend Of €0.10

ABC arbitrage (EPA:ABCA) Has Affirmed Its Dividend Of €0.10

ABC arbitrage SA ( EPA:ABCA ) has announced that it will pay a dividend of €0.10 per share on the 9th of December. This...

Shareholder Returns

ABCAFR Diversified FinancialFR Market
7D0.8%3.4%3.7%
1Y0.3%-5.9%-3.7%

Return vs Industry: ABCA exceeded the French Diversified Financial industry which returned -8.3% over the past year.

Return vs Market: ABCA exceeded the French Market which returned -5.9% over the past year.

Price Volatility

Is ABCA's price volatile compared to industry and market?
ABCA volatility
ABCA Average Weekly Movement2.5%
Diversified Financial Industry Average Movement5.4%
Market Average Movement5.9%
10% most volatile stocks in FR Market10.0%
10% least volatile stocks in FR Market3.4%

Stable Share Price: ABCA is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: ABCA's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199588Dominique Ceolinhttps://www.abc-arbitrage.com

ABC arbitrage SA, together with its subsidiaries, develops arbitrage strategies for liquid assets worldwide. It develops liquidity, statistical, risk, and derivatives arbitrage strategies; and provides asset and portfolio management services. The company was incorporated in 1995 and is based in Paris, France.

ABC arbitrage Fundamentals Summary

How do ABC arbitrage's earnings and revenue compare to its market cap?
ABCA fundamental statistics
Market Cap€425.41m
Earnings (TTM)€28.04m
Revenue (TTM)€64.34m

15.2x

P/E Ratio

6.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ABCA income statement (TTM)
Revenue€64.34m
Cost of Revenue€14.34m
Gross Profit€50.00m
Other Expenses€21.96m
Earnings€28.04m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.47
Gross Margin77.71%
Net Profit Margin43.58%
Debt/Equity Ratio0%

How did ABCA perform over the long term?

See historical performance and comparison

Dividends

5.6%

Current Dividend Yield

42%

Payout Ratio

Valuation

Is ABC arbitrage undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


36.2%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: ABCA (€7.18) is trading below our estimate of fair value (€11.25)

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


Price To Earnings Ratio

PE vs Industry: ABCA is poor value based on its Price-To-Earnings Ratio (15.2x) compared to the French Diversified Financial industry average (7.4x).

PE vs Market: ABCA is good value based on its Price-To-Earnings Ratio (15.2x) compared to the French market (16.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ABCA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ABCA is overvalued based on its Price-To-Book Ratio (2.7x) compared to the FR Diversified Financial industry average (0.9x).


Future Growth

How is ABC arbitrage forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-6.0%

Forecasted Diversified Financials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as ABC arbitrage has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has ABC arbitrage performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


7.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ABCA has high quality earnings.

Growing Profit Margin: ABCA's current net profit margins (43.6%) are lower than last year (50.8%).


Past Earnings Growth Analysis

Earnings Trend: ABCA's earnings have grown by 7.3% per year over the past 5 years.

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

Earnings vs Industry: ABCA had negative earnings growth (-20.1%) over the past year, making it difficult to compare to the Diversified Financial industry average (15.2%).


Return on Equity

High ROE: ABCA's Return on Equity (17.5%) is considered low.


Financial Health

How is ABC arbitrage's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ABCA's short term assets (€177.6M) exceed its short term liabilities (€20.9M).

Long Term Liabilities: ABCA's short term assets (€177.6M) exceed its long term liabilities (€4.3M).


Debt to Equity History and Analysis

Debt Level: ABCA is debt free.

Reducing Debt: ABCA had no debt 5 years ago.

Debt Coverage: ABCA has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ABCA has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is ABC arbitrage current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


5.57%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ABCA's dividend (5.57%) is higher than the bottom 25% of dividend payers in the French market (1.72%).

High Dividend: ABCA's dividend (5.57%) is in the top 25% of dividend payers in the French market (5.01%)


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (41.9%), ABCA's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (69.6%), ABCA's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

16.3yrs

Average management tenure


CEO

Dominique Ceolin (53 yo)

27.33yrs

Tenure

€617,570

Compensation

Mr. Dominique Ceolin Co-founded ABC Arbitrage SA in 1995 and serves as its Chief Executive Officer and has been its Chairman of the Board since June 05, 2015. Mr. Ceolin serves as the Chairman of the Board...


CEO Compensation Analysis

Compensation vs Market: Dominique's total compensation ($USD661.63K) is above average for companies of similar size in the French market ($USD479.65K).

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


Leadership Team

Experienced Management: ABCA's management team is seasoned and experienced (16.3 years average tenure).


Board Members

Experienced Board: ABCA's board of directors are seasoned and experienced ( 16.1 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

ABC arbitrage SA's employee growth, exchange listings and data sources


Key Information

  • Name: ABC arbitrage SA
  • Ticker: ABCA
  • Exchange: ENXTPA
  • Founded: 1995
  • Industry: Specialized Finance
  • Sector: Diversified Financials
  • Implied Market Cap: €425.406m
  • Shares outstanding: 59.25m
  • Website: https://www.abc-arbitrage.com

Number of Employees


Location

  • ABC arbitrage SA
  • 18, rue du Quatre Septembre
  • Paris
  • Ile-de-France
  • 75002
  • France

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/27 00:00
End of Day Share Price2022/05/27 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.