ENXTPA:CNP

Stock Analysis Report

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Executive Summary

CNP Assurances SA provides personal insurance and reinsurance products in France, Latin America, and other European countries. More Details


Snowflake Analysis

Undervalued with questionable track record.


Similar Companies

Share Price & News

How has CNP Assurances's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CNP is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CNP's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-7.4%

CNP

-5.6%

FR Insurance

-2.3%

FR Market


1 Year Return

-23.6%

CNP

-22.9%

FR Insurance

-3.4%

FR Market

Return vs Industry: CNP underperformed the French Insurance industry which returned -22.1% over the past year.

Return vs Market: CNP underperformed the French Market which returned -3.8% over the past year.


Shareholder returns

CNPIndustryMarket
7 Day-7.4%-5.6%-2.3%
30 Day-5.9%-4.6%-0.7%
90 Day27.8%29.9%14.6%
1 Year-23.6%-23.6%-20.7%-22.9%-1.5%-3.4%
3 Year-32.5%-37.9%-21.7%-31.6%11.9%2.6%
5 Year24.4%3.8%8.8%-13.9%57.5%34.3%

Long-Term Price Volatility Vs. Market

How volatile is CNP Assurances's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is CNP Assurances undervalued compared to its fair value and its price relative to the market?

45.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CNP (€12.68) is trading below our estimate of fair value (€23.45)

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


Price To Earnings Ratio

PE vs Industry: CNP is good value based on its PE Ratio (6.7x) compared to the XE Insurance industry average (12.3x).

PE vs Market: CNP is good value based on its PE Ratio (6.7x) compared to the French market (23.1x).


Price to Earnings Growth Ratio

PEG Ratio: CNP is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: CNP is good value based on its PB Ratio (0.5x) compared to the XE Insurance industry average (1x).


Next Steps

Future Growth

How is CNP Assurances forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

5.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CNP's forecast earnings growth (5.1% per year) is above the savings rate (0.4%).

Earnings vs Market: CNP's earnings (5.1% per year) are forecast to grow slower than the French market (23.9% per year).

High Growth Earnings: CNP's earnings are forecast to grow, but not significantly.

Revenue vs Market: CNP's revenue (0.3% per year) is forecast to grow slower than the French market (7% per year).

High Growth Revenue: CNP's revenue (0.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CNP's Return on Equity is forecast to be low in 3 years time (8.5%).


Next Steps

Past Performance

How has CNP Assurances performed over the past 5 years?

5.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CNP has high quality earnings.

Growing Profit Margin: CNP's current net profit margins (3.1%) are lower than last year (3.4%).


Past Earnings Growth Analysis

Earnings Trend: CNP's earnings have grown by 5.6% per year over the past 5 years.

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

Earnings vs Industry: CNP had negative earnings growth (-4.2%) over the past year, making it difficult to compare to the Insurance industry average (-6.8%).


Return on Equity

High ROE: CNP's Return on Equity (7.8%) is considered low.


Next Steps

Financial Health

How is CNP Assurances's financial position?


Financial Position Analysis

Short Term Liabilities: CNP's short term assets (€125.5B) do not cover its short term liabilities (€355.2B).

Long Term Liabilities: CNP's short term assets (€125.5B) exceed its long term liabilities (€53.6B).


Debt to Equity History and Analysis

Debt Level: CNP's debt to equity ratio (94.1%) is considered high.

Reducing Debt: CNP's debt to equity ratio has increased from 67.8% to 94.1% over the past 5 years.

Debt Coverage: CNP's debt is not well covered by operating cash flow (11.9%).

Interest Coverage: CNP's interest payments on its debt are well covered by EBIT (9.1x coverage).


Balance Sheet


Next Steps

Dividend

What is CNP Assurances's current dividend yield, its reliability and sustainability?

7.82%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: CNP is not paying a notable dividend for the French market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CNP's dividend in 3 years as they are not forecast to pay a notable one for the French market.


Next Steps

Management

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

2.3yrs

Average management tenure


CEO

Antoine Lissowski (64 yo)

2.33yrs

Tenure

€450,000

Compensation

Mr. Antoine Lissowski serves as Chief Executive Officer since November 2018 and served as its Chief Financial Officer since December 16, 2013. He served as Interim Chief Executive Officer at CNP Assurances...


CEO Compensation Analysis

Compensation vs Market: Antoine's total compensation ($USD545.72K) is below average for companies of similar size in the French market ($USD4.11M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Antoine Lissowski
CEO & Member of Management Board2.33yrs€450.00k0.00029%
€ 26.7k
Thomas Behar
Chief Financial Officer2yrsno datano data
Xavier Larnaudie-Eiffel
Deputy CEO & Member of Executive Board17.08yrs€571.98kno data
Bérangère Grandjean
Human Resources Director & Member of Executive Boardno datano datano data
Martine Vareilles
Head of the Amétis Network & Social Protection Business Unit and Member of Executive Boardno datano datano data
Laurent Jumelle
Head of Latin America Business Unit & Member of Executive Board3.42yrsno datano data
Olivier Guigné
Chief Investment Officer2.33yrsno datano data
Marie Grison
Group Administrative Officer2yrsno datano data
Vincent Damas
Head of Relations - Investorsno datano datano data
Evelyn Tortosa
Group Compliance Director4.83yrsno datano data
Thomas Chardonnel
Head of the BPCE Partnership Business Unit6.75yrsno datano data
Jean-Christophe Merer
Group Chief Risk Officer1.33yrsno datano data

2.3yrs

Average Tenure

52.5yo

Average Age

Experienced Management: CNP's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jean-Yves Forel
Director8.08yrs€58.60k0.000030%
€ 2.8k
Edmond Alphandery
Honorary Chairmanno datano datano data
Philippe Wahl
Director9.92yrs€45.65k0.000030%
€ 2.8k
Laurent Mignon
Director2.67yrs€35.00k0.000030%
€ 2.8k
Marcia Campbell
Independent Director9.92yrs€68.55k0.00011%
€ 10.1k
Stephane Pallez
Independent Director9.75yrs€94.45k0.000030%
€ 2.8k
Rose-Marie Van Lerberghe
Independent Director7.33yrs€86.05k0.000030%
€ 2.8k
Laurence Guitard
Employee Representative Director4.75yrs€22.80kno data
Philippe Bartoli
Employees Representative Director3.75yrs€30.40k0.000030%
€ 2.8k
Gregorio Blanco
Director0.83yrno datano data
Perrine Kaltwasser
Representative Director1.33yrsno datano data
Veronique Weill
Independent Chairwoman1yrno datano data

4.8yrs

Average Tenure

61yo

Average Age

Experienced Board: CNP's board of directors are considered experienced (4.8 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

CNP Assurances SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CNP Assurances SA
  • Ticker: CNP
  • Exchange: ENXTPA
  • Founded: 1850
  • Industry: Life and Health Insurance
  • Sector: Insurance
  • Market Cap: €9.191b
  • Shares outstanding: 685.91m
  • Website: https://www.cnp.fr

Number of Employees


Location

  • CNP Assurances SA
  • 4, Place Raoul Dautry
  • Cedex 15
  • Paris
  • Ile-de-France
  • 75716
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CNPA.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 1998
CNPENXTPA (Euronext Paris)YesOrdinary SharesFREUROct 1998
XNPDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 1998
0IUQLSE (London Stock Exchange)YesOrdinary SharesGBEUROct 1998
CNPPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEUROct 1998
CNPA.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDNov 2008

Biography

CNP Assurances SA provides personal insurance and reinsurance products in France, Latin America, and other European countries. It offers life, accident, long term care, death and funerals, disability, unem...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/25 18:52
End of Day Share Price2021/01/25 00:00
Earnings2020/09/30
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.