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CGG

CGG ENXTPA:CGG Stock Report

Last Price

€0.80

Market Cap

€567.0m

7D

-5.4%

1Y

6.1%

Updated

01 Jul, 2022

Data

Company Financials +
CGG fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance0/6
Financial Health4/6
Dividends0/6

CGG Stock Overview

CGG provides data, products, services, and solutions in Earth science, data science, sensing, and monitoring in North America, the Central and South Americas, Europe, Africa, the Middle East, and the Asia Pacific.

CGG Competitors

Price History & Performance

Summary of all time highs, changes and price drops for CGG
Historical stock prices
Current Share Price€0.80
52 Week High€1.23
52 Week Low€0.55
Beta2.92
1 Month Change-24.92%
3 Month Change-23.88%
1 Year Change6.07%
3 Year Change-55.22%
5 Year Change-80.48%
Change since IPO-99.81%

Recent News & Updates

Jun 08
Here's Why CGG (EPA:CGG) Has A Meaningful Debt Burden

Here's Why CGG (EPA:CGG) Has A Meaningful Debt Burden

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

May 12
Are Investors Undervaluing CGG (EPA:CGG) By 22%?

Are Investors Undervaluing CGG (EPA:CGG) By 22%?

Today we will run through one way of estimating the intrinsic value of CGG ( EPA:CGG ) by taking the forecast future...

Shareholder Returns

CGGFR Energy ServicesFR Market
7D-5.4%-5.4%-2.0%
1Y6.1%6.8%-12.3%

Return vs Industry: CGG underperformed the French Energy Services industry which returned 9.6% over the past year.

Return vs Market: CGG exceeded the French Market which returned -12.5% over the past year.

Price Volatility

Is CGG's price volatile compared to industry and market?
CGG volatility
CGG Average Weekly Movement9.8%
Energy Services Industry Average Movement7.9%
Market Average Movement5.0%
10% most volatile stocks in FR Market9.2%
10% least volatile stocks in FR Market2.9%

Stable Share Price: CGG is more volatile than 90% of French stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: CGG's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of French stocks.

About the Company

FoundedEmployeesCEOWebsite
19313,300Sophie Zurquiyah-Roussethttps://www.cgg.com

CGG provides data, products, services, and solutions in Earth science, data science, sensing, and monitoring in North America, the Central and South Americas, Europe, Africa, the Middle East, and the Asia Pacific. It operates through two segments, Geology, Geophysics & Reservoir; and Equipment. The Geology, Geophysics & Reservoir segment develops and licenses multi-client seismic surveys; processes seismic data; and sells seismic data processing software under the Geovation brand.

CGG Fundamentals Summary

How do CGG's earnings and revenue compare to its market cap?
CGG fundamental statistics
Market CapUS$589.76m
Earnings (TTM)-US$98.70m
Revenue (TTM)US$1.03b

0.6x

P/S Ratio

-6.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CGG income statement (TTM)
RevenueUS$1.03b
Cost of RevenueUS$788.20m
Gross ProfitUS$241.60m
Other ExpensesUS$340.30m
Earnings-US$98.70m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 28, 2022

Earnings per share (EPS)-0.14
Gross Margin23.46%
Net Profit Margin-9.58%
Debt/Equity Ratio119.5%

How did CGG perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is CGG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CGG?

Other financial metrics that can be useful for relative valuation.

CGG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.5x
Enterprise Value/EBITDA3.1x
PEG Ration/a

Price to Sales Ratio vs Peers

How does CGG's PS Ratio compare to its peers?

CGG PS Ratio vs Peers
The above table shows the PS ratio for CGG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average13x
VK Vallourec
0.6x3.0%€2.4b
TE Technip Energies
0.3x2.1%€2.1b
WAGA Waga Energy Société anonyme
51.1x55.4%€626.2m
ES EssoF
0.05xn/a€748.1m
CGG CGG
0.6x11.6%€567.0m

Price-To-Sales vs Peers: CGG is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (13x).


Price to Earnings Ratio vs Industry

How does CGG's PE Ratio compare vs other companies in the European Energy Services Industry?

Price-To-Sales vs Industry: CGG is good value based on its Price-To-Sales Ratio (0.6x) compared to the European Energy Services industry average (0.8x)


Price to Sales Ratio vs Fair Ratio

What is CGG's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CGG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ratio1x

Price-To-Sales vs Fair Ratio: CGG is good value based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (1x).


Share Price vs Fair Value

What is the Fair Price of CGG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CGG (€0.8) is trading below our estimate of fair value (€1.9)

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


Price to Earnings Growth Ratio

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


Discover undervalued companies

Future Growth

How is CGG forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


72.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CGG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.3%).

Earnings vs Market: CGG is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CGG is expected to become profitable in the next 3 years.

Revenue vs Market: CGG's revenue (11.6% per year) is forecast to grow faster than the French market (5.9% per year).

High Growth Revenue: CGG's revenue (11.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CGG's Return on Equity is forecast to be low in 3 years time (12.4%).


Discover growth companies

Past Performance

How has CGG performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-7.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CGG is currently unprofitable.

Growing Profit Margin: CGG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CGG is unprofitable, and losses have increased over the past 5 years at a rate of 7.4% per year.

Accelerating Growth: Unable to compare CGG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CGG is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-1.4%).


Return on Equity

High ROE: CGG has a negative Return on Equity (-10.19%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is CGG's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: CGG's short term assets ($999.7M) exceed its short term liabilities ($578.5M).

Long Term Liabilities: CGG's short term assets ($999.7M) do not cover its long term liabilities ($1.3B).


Debt to Equity History and Analysis

Debt Level: CGG's net debt to equity ratio (80.4%) is considered high.

Reducing Debt: CGG's debt to equity ratio has reduced from 265.2% to 119.5% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable CGG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: CGG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 22.3% per year.


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate CGG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CGG'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 CGG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CGG's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CGG has not reported any payouts.


Discover strong dividend paying companies

Management

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

4.2yrs

Average management tenure


CEO

Sophie Zurquiyah-Rousset (56 yo)

4.17yrs

Tenure

US$1,998,432

Compensation

Mrs. Sophie Zurquiyah-Rousset has been Director at TechnipFMC plc since April 1, 2021. She has been Chief Executive Officer and Director of CGG SA since April 26, 2018. Mrs. Zurquiyah-Rousset has been Inde...


CEO Compensation Analysis

Compensation vs Market: Sophie's total compensation ($USD2.00M) is above average for companies of similar size in the French market ($USD486.52K).

Compensation vs Earnings: Sophie's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: CGG's management team is considered experienced (4.2 years average tenure).


Board Members

Experienced Board: CGG's board of directors are considered experienced (4.3 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

CGG's employee growth, exchange listings and data sources


Key Information

  • Name: CGG
  • Ticker: CGG
  • Exchange: ENXTPA
  • Founded: 1931
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Implied Market Cap: €566.993m
  • Shares outstanding: 711.77m
  • Website: https://www.cgg.com

Number of Employees


Location

  • CGG
  • 27 Avenue Carnot
  • Massy
  • Ile-de-France
  • 91300
  • France

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/01 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
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.