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ABCA

ABC arbitrageENXTPA:ABCA Stock Report

Market Cap

€421.0m

7D

-0.4%

1Y

-3.9%

Updated

22 Oct, 2021

Data

Company Financials
ABCA fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends2/6

ABCA Overview

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

Price History & Performance

Summary of all time highs, changes and price drops for ABC arbitrage
Historical stock prices
Current Share Price€7.11
52 Week High€6.84
52 Week Low€8.15
Beta0.13
1 Month Change1.43%
3 Month Change0.57%
1 Year Change-3.92%
3 Year Change14.68%
5 Year Change-5.07%
Change since IPO9.72%

Recent News & Updates

Oct 13
ABC arbitrage (EPA:ABCA) Will Pay A Dividend Of €0.10

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

The board of ABC arbitrage SA ( EPA:ABCA ) has announced that it will pay a dividend on the 9th of December, with...

Sep 23
ABC arbitrage (EPA:ABCA) Has Re-Affirmed Its Dividend Of €0.10

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

ABC arbitrage SA's ( EPA:ABCA ) investors are due to receive a payment of €0.10 per share on 14th of October. Based on...

Shareholder Returns

ABCAFR Diversified FinancialFR Market
7D-0.4%-1.8%0.7%
1Y-3.9%60.5%35.2%

Return vs Industry: ABCA underperformed the French Diversified Financial industry which returned 62.6% over the past year.

Return vs Market: ABCA underperformed the French Market which returned 35.3% over the past year.

Price Volatility

Is ABCA's price volatile compared to industry and market?
ABCA volatility
ABCA Beta0.13
Industry Beta0.97
Market Beta1

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
199585Dominique 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€421.00m
Earnings (TTM)€26.25m
Revenue (TTM)€59.37m

16.0x

P/E Ratio

7.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ABCA income statement (TTM)
Revenue€59.37m
Cost of Revenue€13.55m
Gross Profit€45.82m
Expenses€19.57m
Earnings€26.25m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.44
Gross Margin77.18%
Net Profit Margin44.22%
Debt/Equity Ratio0%

How did ABCA perform over the long term?

See historical performance and comparison

Dividends

6.8%

Current Dividend Yield

107%

Payout Ratio

Does ABCA pay a reliable dividends?

See ABCA dividend history and benchmarks
When do you need to buy ABCA by to receive an upcoming dividend?
ABC arbitrage dividend dates
Ex Dividend DateDec 07 2021
Dividend Pay DateDec 09 2021
Days until Ex dividend44 days
Days until Dividend pay date46 days

Does ABCA pay a reliable dividends?

See ABCA dividend history and benchmarks

Valuation

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

11.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ABCA (€7.11) is trading below our estimate of fair value (€7.99)

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


Price To Earnings Ratio

PE vs Industry: ABCA's PE Ratio (16x) is in line with the French Diversified Financial industry average.

PE vs Market: ABCA is good value based on its PE Ratio (16x) compared to the French market (19.7x).


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 PB Ratio (2.7x) compared to the FR Diversified Financial industry average (1.2x).


Future Growth

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

-17.4%

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?

3.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ABCA has high quality earnings.

Growing Profit Margin: ABCA's current net profit margins (44.2%) are lower than last year (55.2%).


Past Earnings Growth Analysis

Earnings Trend: ABCA's earnings have grown by 3.4% 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 (-26.1%) over the past year, making it difficult to compare to the Diversified Financial industry average (20.8%).


Return on Equity

High ROE: ABCA's Return on Equity (16.9%) is considered low.


Financial Health

How is ABC arbitrage's financial position?


Financial Position Analysis

Short Term Liabilities: ABCA's short term assets (€180.6M) exceed its short term liabilities (€26.9M).

Long Term Liabilities: ABCA's short term assets (€180.6M) exceed its long term liabilities (€591.0K).


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?

6.75%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 23 2021Ex Dividend DateDec 07 2021Dividend Pay DateDec 09 20212 days from Ex DividendBuy in the next 44 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: ABCA's dividend (6.75%) is higher than the bottom 25% of dividend payers in the French market (1.31%).

High Dividend: ABCA's dividend (6.75%) is in the top 25% of dividend payers in the French market (3.93%)


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.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (106.8%), ABCA's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

15.5yrs

Average board tenure


CEO

Dominique Ceolin (53 yo)

no data

Tenure

€777,702

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 ($USD904.62K) is above average for companies of similar size in the French market ($USD519.49K).

Compensation vs Earnings: Dominique's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Members

Experienced Board: ABCA's board of directors are seasoned and experienced ( 15.5 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
  • Market Cap: €420.999m
  • Shares outstanding: 59.21m
  • 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 Analysis2021/10/22 20:59
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.