COFACE
Market Cap
€1.3b
Last Updated
2021/01/16 19:11 UTC
Data Sources
Company Financials +
Executive Summary
COFACE SA, through its subsidiaries, provides credit insurance products and related services for small and medium enterprises, mid-market companies, multi-nationals, financial institutions, and clients of distributer partners. More Details
Rewards
Risk Analysis
Snowflake Analysis
Good value with adequate balance sheet.
Similar Companies
Share Price & News
How has COFACE's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: COFA is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: COFA's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-3.7%
COFA
-1.5%
FR Insurance
-1.6%
FR Market
1 Year Return
-26.7%
COFA
-19.6%
FR Insurance
-4.6%
FR Market
Return vs Industry: COFA underperformed the French Insurance industry which returned -19.6% over the past year.
Return vs Market: COFA underperformed the French Market which returned -4.5% over the past year.
Shareholder returns
| COFA | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.7% | -1.5% | -1.6% |
| 30 Day | 1.5% | -0.2% | 1.2% |
| 90 Day | 36.5% | 30.1% | 12.8% |
| 1 Year | -26.7%-26.7% | -17.3%-19.6% | -2.7%-4.6% |
| 3 Year | 4.0%-8.2% | -16.7%-27.2% | 15.0%5.4% |
| 5 Year | 30.7%5.6% | 17.5%-7.1% | 64.9%40.3% |
Long-Term Price Volatility Vs. Market
How volatile is COFACE's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Do Institutions Own COFACE SA (EPA:COFA) Shares?3 months ago | Simply Wall St
What Type Of Returns Would COFACE's(EPA:COFA) Shareholders Have Earned If They Purchased Their SharesYear Ago?4 months ago | Simply Wall St
Is COFACE SA (EPA:COFA) Popular Amongst Institutions?Valuation
Is COFACE undervalued compared to its fair value and its price relative to the market?
6.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: COFA (€8.64) is trading below our estimate of fair value (€9.24)
Significantly Below Fair Value: COFA is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: COFA is good value based on its PE Ratio (14.2x) compared to the FR Insurance industry average (17.3x).
PE vs Market: COFA is good value based on its PE Ratio (14.2x) compared to the French market (22.9x).
Price to Earnings Growth Ratio
PEG Ratio: COFA is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: COFA's PB Ratio (0.7x) is in line with the FR Insurance industry average.
Next Steps
Future Growth
How is COFACE forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
25.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: COFA's forecast earnings growth (25.4% per year) is above the savings rate (0.4%).
Earnings vs Market: COFA's earnings (25.4% per year) are forecast to grow faster than the French market (24.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: COFA's revenue (2.8% per year) is forecast to grow slower than the French market (7% per year).
High Growth Revenue: COFA's revenue (2.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: COFA's Return on Equity is forecast to be low in 3 years time (7.3%).
Next Steps
Past Performance
How has COFACE performed over the past 5 years?
8.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: COFA has high quality earnings.
Growing Profit Margin: COFA's current net profit margins (5.5%) are lower than last year (9.6%).
Past Earnings Growth Analysis
Earnings Trend: COFA's earnings have grown by 8.9% per year over the past 5 years.
Accelerating Growth: COFA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: COFA had negative earnings growth (-42.2%) over the past year, making it difficult to compare to the Insurance industry average (-4.2%).
Return on Equity
High ROE: COFA's Return on Equity (4.2%) is considered low.
Next Steps
Financial Health
How is COFACE's financial position?
Financial Position Analysis
Short Term Liabilities: COFA's short term assets (€4.0B) exceed its short term liabilities (€2.2B).
Long Term Liabilities: COFA's short term assets (€4.0B) exceed its long term liabilities (€3.2B).
Debt to Equity History and Analysis
Debt Level: COFA's debt to equity ratio (129.5%) is considered high.
Reducing Debt: COFA's debt to equity ratio has reduced from 156.9% to 129.5% over the past 5 years.
Debt Coverage: COFA's debt is not well covered by operating cash flow (9.4%).
Interest Coverage: COFA's interest payments on its debt are well covered by EBIT (6.4x coverage).
Balance Sheet
Next Steps
Dividend
What is COFACE current dividend yield, its reliability and sustainability?
8.54%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate COFA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate COFA'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 COFA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if COFA's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: COFA is not paying a notable dividend for the French market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of COFA'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?
4.3yrs
Average management tenure
CEO
Xavier Durand (56 yo)
4.92yrs
Tenure
€1,923,786
Compensation
Mr. Xavier Pascal Durand has been Chief Executive Officer of Coface SA since February 9, 2016 and was its MD. Mr. Durand has been Chief Executive Officer of the Insurance Group Coface since February 2016. ...
CEO Compensation Analysis
Compensation vs Market: Xavier's total compensation ($USD2.33M) is above average for companies of similar size in the French market ($USD936.62K).
Compensation vs Earnings: Xavier's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 4.92yrs | €1.92m | no data | |
| Group Chief Financial & Risk Officer | 8yrs | no data | no data | |
| Business Technology Director | 2.17yrs | no data | no data | |
| Head of Investor Relations & Rating Agencies | 4.33yrs | no data | no data | |
| Group Compliance Director | 4.08yrs | no data | no data | |
| Communications Director | no data | no data | no data | |
| Chief Human Resources Officer | no data | no data | no data | |
| Managing Director of UK & Ireland | 8.25yrs | no data | no data | |
| Chief Executive Officer of Western Europe Region | 3.75yrs | no data | no data | |
| Chief Executive Officer of Northern Europe Region | 3.25yrs | no data | no data | |
| Managing Director of Coface Re | 4.33yrs | no data | no data | |
| Chief Executive Officer of Asia Pacific Region | 4.33yrs | no data | no data |
4.3yrs
Average Tenure
56yo
Average Age
Experienced Management: COFA's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO of Coface Holding North America & Director of Coface Holding North America | no data | no data | no data | |
| Independent Director | 6.5yrs | €55.00k | 0.00060% € 7.8k | |
| Independent Director | 6.5yrs | €40.00k | 0.00033% € 4.3k | |
| Independent Director | 6.5yrs | €33.00k | 0.00033% € 4.3k | |
| Non-Independent Director | 3.92yrs | €23.00k | 0.00067% € 8.7k | |
| Director | 8.17yrs | €26.00k | 0.00067% € 8.7k | |
| Non-Independent Director | 4.17yrs | no data | 0.00033% € 4.3k | |
| Chairman of the Board | 0.33yr | no data | no data | |
| Independent Director | 3.5yrs | €41.00k | 0.00033% € 4.3k | |
| Independent Director | 3.5yrs | €55.00k | 0.00060% € 7.8k | |
| Director | 1.67yrs | no data | 0.00033% € 4.3k | |
| Non-Independent Director | 4.17yrs | €41.00k | 0.00033% € 4.3k |
4.2yrs
Average Tenure
54yo
Average Age
Experienced Board: COFA's board of directors are considered experienced (4.2 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
COFACE SA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: COFACE SA
- Ticker: COFA
- Exchange: ENXTPA
- Founded: 1946
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: €1.293b
- Shares outstanding: 149.69m
- Website: https://www.coface.com
Number of Employees
Location
- COFACE SA
- 1, place Costes et Bellonte
- Bois-Colombes
- Ile-de-France
- 92270
- France
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| COFA | ENXTPA (Euronext Paris) | Yes | Ordinary Shares | FR | EUR | Jun 2014 |
| COFAP | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jun 2014 |
| 0QVK | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jun 2014 |
| 65C | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jun 2014 |
Biography
COFACE SA, through its subsidiaries, provides credit insurance products and related services for small and medium enterprises, mid-market companies, multi-nationals, financial institutions, and clients of ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 19:11 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.