Snowflake Score | |
---|---|
Valuation | 5/6 |
Future Growth | 0/6 |
Past Performance | 5/6 |
Financial Health | 4/6 |
Dividends | 2/6 |
COFA Stock Overview
COFACE SA, through its subsidiaries, provides credit insurance products and related services for microenterprises, small and medium enterprises, mid-market companies, international corporations, financial institutions, and clients of distribution partners.
COFACE Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | €10.04 |
52 Week High | €13.19 |
52 Week Low | €8.25 |
Beta | 0.93 |
1 Month Change | -5.10% |
3 Month Change | -5.01% |
1 Year Change | -1.28% |
3 Year Change | 13.19% |
5 Year Change | 14.35% |
Change since IPO | -11.07% |
Recent News & Updates
Shareholder Returns
COFA | FR Insurance | FR Market | |
---|---|---|---|
7D | -2.6% | -0.3% | 3.6% |
1Y | -1.3% | 6.8% | -11.3% |
Return vs Industry: COFA underperformed the French Insurance industry which returned 5.8% over the past year.
Return vs Market: COFA exceeded the French Market which returned -14% over the past year.
Price Volatility
COFA volatility | |
---|---|
COFA Average Weekly Movement | 5.8% |
Insurance Industry Average Movement | 5.1% |
Market Average Movement | 5.0% |
10% most volatile stocks in FR Market | 9.2% |
10% least volatile stocks in FR Market | 2.9% |
Stable Share Price: COFA is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: COFA's weekly volatility (6%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
1946 | 3,667 | Xavier Durand | https://www.coface.com |
COFACE SA, through its subsidiaries, provides credit insurance products and related services for microenterprises, small and medium enterprises, mid-market companies, international corporations, financial institutions, and clients of distribution partners. The company offers credit insurance products to protect companies against default on payment of its trade receivables. It also provides integrated credit management solutions comprising credit insurance, single risk insurance, business information and debt collection services for insured and uninsured businesses; and factoring services, as well as contract and environmental surety, customs and excise, and legal bonds; and payment guarantees.
COFACE Fundamentals Summary
COFA fundamental statistics | |
---|---|
Market Cap | €1.50b |
Earnings (TTM) | €233.69m |
Revenue (TTM) | €1.66b |
6.4x
P/E Ratio0.9x
P/S RatioIs COFA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
COFA income statement (TTM) | |
---|---|
Revenue | €1.66b |
Cost of Revenue | €577.31m |
Gross Profit | €1.08b |
Other Expenses | €844.36m |
Earnings | €233.69m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Jul 28, 2022
Earnings per share (EPS) | 1.56 |
Gross Margin | 65.12% |
Net Profit Margin | 14.12% |
Debt/Equity Ratio | 156.1% |
How did COFA perform over the long term?
See historical performance and comparisonDividends
14.9%
Current Dividend Yield100%
Payout RatioValuation
Is COFA undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings 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 COFA?
Other financial metrics that can be useful for relative valuation.
What is COFA's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | €1.50b |
Key Statistics | |
---|---|
Enterprise Value/Revenue | 2.7x |
Enterprise Value/EBITDA | 14.1x |
PEG Ratio | -2.2x |
Price to Earnings Ratio vs Peers
How does COFA's PE Ratio compare to its peers?
COFA PE Ratio vs Peers |
---|
Company | PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 9x |
Price-To-Earnings vs Peers: COFA is good value based on its Price-To-Earnings Ratio (6.4x) compared to the peer average (9x).
Price to Earnings Ratio vs Industry
How does COFA's PE Ratio compare vs other companies in the Insurance Industry?
Price-To-Earnings vs Industry: COFA is good value based on its Price-To-Earnings Ratio (6.4x) compared to the European Insurance industry average (9.8x)
Price to Earnings Ratio vs Fair Ratio
What is COFA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
Fair Ratio | |
---|---|
Current PE Ratio | 6.4x |
Fair PE Ratio | 9.9x |
Price-To-Earnings vs Fair Ratio: COFA is good value based on its Price-To-Earnings Ratio (6.4x) compared to the estimated Fair Price-To-Earnings Ratio (9.9x).
Share Price vs Fair Value
What is the Fair Price of COFA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: COFA (€10.04) is trading below our estimate of fair value (€13.52)
Significantly Below Fair Value: COFA is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: COFA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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Future Growth
How is COFACE forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-2.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: COFA's earnings are forecast to decline over the next 3 years (-2.9% per year).
Earnings vs Market: COFA's earnings are forecast to decline over the next 3 years (-2.9% per year).
High Growth Earnings: COFA's earnings are forecast to decline over the next 3 years.
Revenue vs Market: COFA's revenue (3.3% per year) is forecast to grow slower than the French market (5.9% per year).
High Growth Revenue: COFA's revenue (3.3% 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 (9.3%).
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Past Performance
How has COFACE performed over the past 5 years?
Past Performance Score
5/6Past Performance Score 5/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
21.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: COFA has high quality earnings.
Growing Profit Margin: COFA's current net profit margins (14.1%) are higher than last year (8.5%).
Past Earnings Growth Analysis
Earnings Trend: COFA's earnings have grown significantly by 21.5% per year over the past 5 years.
Accelerating Growth: COFA's earnings growth over the past year (84.6%) exceeds its 5-year average (21.5% per year).
Earnings vs Industry: COFA earnings growth over the past year (84.6%) exceeded the Insurance industry 13.6%.
Return on Equity
High ROE: COFA's Return on Equity (10.9%) is considered low.
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Financial Health
How is COFACE's financial position?
Financial Health Score
4/6Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: COFA's short term assets (€4.8B) exceed its short term liabilities (€3.0B).
Long Term Liabilities: COFA's short term assets (€4.8B) exceed its long term liabilities (€3.3B).
Debt to Equity History and Analysis
Debt Level: COFA's net debt to equity ratio (137.9%) is considered high.
Reducing Debt: COFA's debt to equity ratio has reduced from 166.6% to 156.1% over the past 5 years.
Debt Coverage: COFA's debt is not well covered by operating cash flow (8.1%).
Interest Coverage: COFA's interest payments on its debt are well covered by EBIT (14.7x coverage).
Balance Sheet
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Dividend
What is COFACE current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend Score 2/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
14.94%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: COFA's dividend (14.94%) is higher than the bottom 25% of dividend payers in the French market (1.82%).
High Dividend: COFA's dividend (14.94%) is in the top 25% of dividend payers in the French market (5.47%)
Stability and Growth of Payments
Stable Dividend: COFA has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: COFA's dividend payments have increased, but the company has only paid a dividend for 6 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (99.9%), COFA's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (92.3%), COFA's dividend payments are not well covered by cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
4.9yrs
Average management tenure
CEO
Xavier Durand (57 yo)
6.33yrs
Tenure
€2,545,955
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 ($USD2.69M) is above average for companies of similar size in the French market ($USD949.24K).
Compensation vs Earnings: Xavier's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: COFA's management team is considered experienced (4.9 years average tenure).
Board Members
Experienced Board: COFA's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
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 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
- Implied Market Cap: €1.499b
- Shares outstanding: 149.33m
- Website: https://www.coface.com
Number of Employees
Location
- COFACE SA
- 1, place Costes et Bellonte
- Bois-Colombes
- Ile-de-France
- 92270
- France
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/06/24 00:00 |
End of Day Share Price | 2022/06/24 00:00 |
Earnings | 2022/03/31 |
Annual Earnings | 2021/12/31 |
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.