COFACE
Market Cap
€1.5b
Last Updated
2021/04/13 19:16 UTC
Data Sources
Company Financials +
Executive Summary
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. More Details
Rewards
Risk Analysis
Dividend of 5.53% is not well covered by earnings or forecast to be in the next 3 years
Snowflake Analysis
Good value with mediocre 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
0.5%
COFA
1.7%
FR Insurance
1.3%
FR Market
1 Year Return
58.6%
COFA
55.5%
FR Insurance
39.2%
FR Market
Return vs Industry: COFA exceeded the French Insurance industry which returned 54% over the past year.
Return vs Market: COFA exceeded the French Market which returned 39.2% over the past year.
Shareholder returns
| COFA | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.5% | 1.7% | 1.3% |
| 30 Day | 4.0% | 2.2% | 3.1% |
| 90 Day | 12.3% | 17.7% | 9.4% |
| 1 Year | 58.6%58.6% | 60.2%55.5% | 41.9%39.2% |
| 3 Year | 12.0%-1.1% | 10.3%-3.4% | 29.1%18.6% |
| 5 Year | 68.2%35.9% | 58.4%21.8% | 70.0%45.5% |
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
4 weeks ago | Simply Wall St
Could The COFACE SA (EPA:COFA) Ownership Structure Tell Us Something Useful?1 month ago | Simply Wall St
How Does COFACE SA (EPA:COFA) Fare As A Dividend Stock?2 months ago | Simply Wall St
What Type Of Returns Would COFACE's(EPA:COFA) Shareholders Have Earned If They Purchased Their SharesYear Ago?Valuation
Is COFACE undervalued compared to its fair value and its price relative to the market?
1.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: COFA (€9.95) is trading below our estimate of fair value (€9.98)
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 poor value based on its PE Ratio (18x) compared to the XE Insurance industry average (13.8x).
PE vs Market: COFA is good value based on its PE Ratio (18x) compared to the French market (25.3x).
Price to Earnings Growth Ratio
PEG Ratio: COFA is good value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: COFA is good value based on its PB Ratio (0.7x) compared to the XE Insurance industry average (1.1x).
Future Growth
How is COFACE forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
18.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: COFA's forecast earnings growth (18.9% per year) is above the savings rate (0.4%).
Earnings vs Market: COFA's earnings (18.9% per year) are forecast to grow slower than the French market (21.3% per year).
High Growth Earnings: COFA's earnings are forecast to grow, but not significantly.
Revenue vs Market: COFA's revenue (1.9% per year) is forecast to grow slower than the French market (6.9% per year).
High Growth Revenue: COFA's revenue (1.9% 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 (7.7%).
Past Performance
How has COFACE performed over the past 5 years?
9.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: COFA has high quality earnings.
Growing Profit Margin: COFA's current net profit margins (5.6%) are lower than last year (9.6%).
Past Earnings Growth Analysis
Earnings Trend: COFA's earnings have grown by 9.5% 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 (-43.4%) over the past year, making it difficult to compare to the Insurance industry average (-12.3%).
Return on Equity
High ROE: COFA's Return on Equity (4.1%) is considered low.
Financial Health
How is COFACE's financial position?
Financial Position Analysis
Short Term Liabilities: COFA's short term assets (€4.1B) do not cover its short term liabilities (€4.6B).
Long Term Liabilities: COFA's short term assets (€4.1B) exceed its long term liabilities (€962.9M).
Debt to Equity History and Analysis
Debt Level: COFA's debt to equity ratio (135.5%) is considered high.
Reducing Debt: COFA's debt to equity ratio has reduced from 155.9% to 135.5% over the past 5 years.
Debt Coverage: COFA's debt is not well covered by operating cash flow (7.2%).
Interest Coverage: COFA's interest payments on its debt are well covered by EBIT (7.4x coverage).
Balance Sheet
Dividend
What is COFACE current dividend yield, its reliability and sustainability?
5.58%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: COFA's dividend (5.53%) is higher than the bottom 25% of dividend payers in the French market (1.29%).
High Dividend: COFA's dividend (5.53%) is in the top 25% of dividend payers in the French market (3.98%)
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 5 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (99.8%), COFA's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: COFA's dividends in 3 years are not forecast to be well covered by earnings (98.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.6yrs
Average management tenure
CEO
Xavier Durand (56 yo)
5.17yrs
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 ($USD2.29M) is above average for companies of similar size in the French market ($USD893.50K).
Compensation vs Earnings: Xavier's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: COFA's management team is considered experienced (4.6 years average tenure).
Board Members
Experienced Board: COFA's board of directors are not considered experienced ( 2 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 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: €1.467b
- Shares outstanding: 148.98m
- Website: https://www.coface.com
Number of Employees
Location
- COFACE SA
- 1, place Costes et Bellonte
- Bois-Colombes
- Ile-de-France
- 92270
- France
Listings
Biography
COFACE SA, through its subsidiaries, provides credit insurance products and related services for microenterprises, small and medium enterprises, mid-market companies, international corporations, financial ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/13 19:16 |
| End of Day Share Price | 2021/04/13 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.