Natixis S.A. provides asset and wealth management, corporate and investment banking, insurance, and payment services primarily in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.
Undervalued with reasonable growth potential.
Share Price & News
How has Natixis's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KN's share price has been volatile over the past 3 months.
7 Day Return
FR Capital Markets
1 Year Return
FR Capital Markets
Return vs Industry: KN underperformed the French Capital Markets industry which returned -26.7% over the past year.
Return vs Market: KN underperformed the French Market which returned -6.6% over the past year.
Price Volatility Vs. Market
How volatile is Natixis's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StWhen Should You Buy Natixis S.A. (EPA:KN)?
1 month ago | Simply Wall StCould The Natixis S.A. (EPA:KN) Ownership Structure Tell Us Something Useful?
2 months ago | Simply Wall StWould Natixis S.A. (EPA:KN) Be Valuable To Income Investors?
Is Natixis undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KN (€2.3) is trading below our estimate of fair value (€2.83)
Significantly Below Fair Value: KN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: KN is good value based on its PE Ratio (9.6x) compared to the Capital Markets industry average (18x).
PE vs Market: KN is good value based on its PE Ratio (9.6x) compared to the French market (14.9x).
Price to Earnings Growth Ratio
PEG Ratio: KN is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: KN is good value based on its PB Ratio (0.4x) compared to the FR Capital Markets industry average (1.4x).
How is Natixis forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KN's forecast earnings growth (52.8% per year) is above the savings rate (0.6%).
Earnings vs Market: KN's earnings (52.8% per year) are forecast to grow faster than the French market (13.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: KN's revenue (4.8% per year) is forecast to grow faster than the French market (3.9% per year).
High Growth Revenue: KN's revenue (4.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KN's Return on Equity is forecast to be low in 3 years time (6%).
How has Natixis performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KN has high quality earnings.
Growing Profit Margin: KN's current net profit margins (8.9%) are lower than last year (19.2%).
Past Earnings Growth Analysis
Earnings Trend: KN's earnings have grown by 7.2% per year over the past 5 years.
Accelerating Growth: KN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: KN had negative earnings growth (-61.3%) over the past year, making it difficult to compare to the Capital Markets industry average (-21.3%).
Return on Equity
High ROE: KN's Return on Equity (6.4%) is considered low.
How is Natixis's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: KN's Assets to Equity ratio (25.2x) is very high.
Allowance for Bad Loans: KN has a low allowance for bad loans (46%).
Low Risk Liabilities: 78% of KN's liabilities are made up of primarily higher risk sources of funding.
Loan Level: KN has an appropriate level of Loans to Assets ratio (25%).
Low Risk Deposits: KN's Loans to Deposits ratio (120%) is appropriate.
Level of Bad Loans: KN has a high level of bad loans (2.5%).
What is Natixis's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate KN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate KN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if KN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if KN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: KN is not paying a notable dividend for the French market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of KN's dividend in 3 years as they are not forecast to pay a notable one for the French market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
François Riahi (46yo)
Mr. François Riahi serve as Chief Executive Officer of Natixis SA since June 1, 2018. He served as Head/Chief Executive Officer in charge of finance, strategy and legal affairs, Supervisory Board secretary ...
CEO Compensation Analysis
Compensation vs Market: François's total compensation ($USD2.18M) is below average for companies of similar size in the French market ($USD3.16M).
Compensation vs Earnings: François's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Chief Executive Officer||2yrs||€1.95m||0.00060% €43.5k|
|Chief Financial Officer||1.83yrs||no data||no data|
|Head of Ops. & Information Systems and Chief Technology & Transformation Officer for Asset Manager||1.75yrs||no data||no data|
|Head of Accounting & Ratios||1.58yrs||no data||no data|
|Head of Digital & Technology Office||2.17yrs||no data||no data|
|Head of IR||no data||no data||no data|
|Chief Legal Officer||no data||no data||no data|
|Global Head of Compliance||1.25yrs||no data||no data|
|Head of Communications||2yrs||no data||no data|
|Director of Wholesale Sales||5.42yrs||no data||no data|
Experienced Management: KN's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
|Non-Voting Director||1.17yrs||€35.82k||0.000030% €2.2k|
|Independent Director||6.92yrs||€50.00k||0.000030% €2.2k|
|Chairman of the Board of Directors||2yrs||€300.00k||0.0049% €353.5k|
|Representative Director||10.83yrs||no data||no data|
|Independent Director||10.58yrs||€61.00k||0.000030% €2.2k|
|Independent Director||5.33yrs||€44.00k||0.000030% €2.2k|
|Independent Director||1.17yrs||€31.63k||0.000030% €2.2k|
|Independent Director||3.5yrs||€60.00k||0.000030% €2.2k|
Experienced Board: KN's board of directors are considered experienced (5.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Natixis S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Natixis S.A.
- Ticker: KN
- Exchange: ENXTPA
- Founded: 1919
- Industry: Diversified Capital Markets
- Sector: Diversified Financials
- Market Cap: €7.245b
- Shares outstanding: 3.15b
- Website: https://www.natixis.com
Number of Employees
- Natixis S.A.
- 30, avenue Pierre Mendès France
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NBP||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1986|
|KN||ENXTPA (Euronext Paris)||Yes||Common Stock||FR||EUR||Jan 1986|
|NTXF.F||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Jan 1986|
|0IHK||LSE (London Stock Exchange)||Yes||Common Stock||GB||EUR||Jan 1986|
|KNP||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Common Stock||GB||EUR||Jan 1986|
|KN||SWX (SIX Swiss Exchange)||Yes||Common Stock||CH||CHF||Jan 1986|
|NBP||ETLX (Eurotlx)||Yes||Common Stock||IT||EUR||Jan 1986|
|NTXF.Y||OTCPK (Pink Sheets LLC)||UNSPONSORD ADR||US||USD||Feb 2009|
Natixis S.A. provides asset and wealth management, corporate and investment banking, insurance, and payment services primarily in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers asset and wealth management services in the areas of savings, investment, risk management, and advisory; and mergers and acquisitions, primary equity and loan markets, acquisition and strategic finance, financial transactions on shares, capital, and rating advisory services; structured financing. It also provides capital market services, including fixed income, credit, forex, equity derivatives, and research; and trade finance, liquidity management, and cash management for corporations and financial institutions. In addition, the company offers life insurance, investment solutions, wealth planning, pensions, accidental death insurance, disability insurance, and borrower insurance products; and motor-vehicle insurance, multi-risk home insurance, complementary health insurance, accidental damage, multi-media equipment insurance, legal protection, non-bank insurance, remote surveillance, and insurance for professionals. The company was formerly known as Natexis Banques Populaires SA and changed its name to Natixis S.A. in 2006. The company was founded in 1919 and is headquartered in Paris, France. Natixis S.A. operates as a subsidiary of BPCE SA.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/03 21:48|
|End of Day Share Price||2020/06/03 00:00|
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.