ENXTPA:SIPH

Stock Analysis Report

Société Internationale de Plantations d'Hévéas Société Anonyme

Executive Summary

Société Internationale de Plantations d'Hévéas Société Anonyme cultivates, harvests, processes, and markets natural rubber to the tyre industry in West Africa.


Snowflake Analysis

Mediocre balance sheet with questionable track record.

Share Price & News

How has Société Internationale de Plantations d'Hévéas Société Anonyme's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SIPH has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

SIPH

3.5%

FR Chemicals

1.4%

FR Market


1 Year Return

3.9%

SIPH

38.6%

FR Chemicals

17.0%

FR Market

Return vs Industry: SIPH underperformed the French Chemicals industry which returned 32.1% over the past year.

Return vs Market: SIPH underperformed the French Market which returned 24.9% over the past year.


Shareholder returns

SIPHIndustryMarket
7 Day0%3.5%1.4%
30 Day-1.2%7.0%-0.02%
90 Day6.3%12.3%3.9%
1 Year4.9%3.9%41.9%38.6%21.1%17.0%
3 Year61.9%58.8%60.3%49.7%44.4%30.8%
5 Year168.8%163.6%68.5%46.4%56.1%34.0%

Price Volatility Vs. Market

How volatile is Société Internationale de Plantations d'Hévéas Société Anonyme's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Société Internationale de Plantations d'Hévéas Société Anonyme undervalued compared to its fair value and its price relative to the market?

128.64x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SIPH (€85) is trading above our estimate of fair value (€12.34)

Significantly Below Fair Value: SIPH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SIPH is poor value based on its PE Ratio (128.6x) compared to the Chemicals industry average (21.1x).

PE vs Market: SIPH is poor value based on its PE Ratio (128.6x) compared to the French market (18.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SIPH is overvalued based on its PB Ratio (2.9x) compared to the FR Chemicals industry average (1.3x).


Next Steps

Future Growth

How is Société Internationale de Plantations d'Hévéas Société Anonyme forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.9%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Société Internationale de Plantations d'Hévéas Société Anonyme has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Société Internationale de Plantations d'Hévéas Société Anonyme performed over the past 5 years?

67.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SIPH has high quality earnings.

Growing Profit Margin: SIPH's current net profit margins (1.1%) are lower than last year (3.6%).


Past Earnings Growth Analysis

Earnings Trend: SIPH has become profitable over the past 5 years, growing earnings by 67.2% per year.

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

Earnings vs Industry: SIPH had negative earnings growth (-70.3%) over the past year, making it difficult to compare to the Chemicals industry average (-19.4%).


Return on Equity

High ROE: SIPH's Return on Equity (1.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Société Internationale de Plantations d'Hévéas Société Anonyme's financial position?


Financial Position Analysis

Short Term Liabilities: SIPH's short term assets (€140.7M) exceed its short term liabilities (€129.9M).

Long Term Liabilities: SIPH's short term assets (€140.7M) exceed its long term liabilities (€49.1M).


Debt to Equity History and Analysis

Debt Level: SIPH's debt to equity ratio (50.9%) is considered high.

Reducing Debt: SIPH's debt to equity ratio has increased from 33.8% to 50.9% over the past 5 years.


Balance Sheet

Inventory Level: SIPH has a high level of physical assets or inventory.

Debt Coverage by Assets: SIPH's debt is covered by short term assets (assets are 1.3x debt).


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: SIPH is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: SIPH is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

What is Société Internationale de Plantations d'Hévéas Société Anonyme's current dividend yield, its reliability and sustainability?

0.93%

Current Dividend Yield


Dividend Yield vs Market

company0.9%marketbottom25%1.5%markettop25%4.5%industryaverage2.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: SIPH's dividend (0.93%) isn’t notable compared to the bottom 25% of dividend payers in the French market (1.46%).

High Dividend: SIPH's dividend (0.93%) is low compared to the top 25% of dividend payers in the French market (4.43%).


Stability and Growth of Payments

Stable Dividend: SIPH's dividend payments have been volatile in the past 10 years.

Growing Dividend: SIPH's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (119.6%), SIPH's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

8.5yrs

Average board tenure


CEO

Bertrand Vignes 0

10.3yrs

Tenure

€369,017

Compensation

Mr. Bertrand Vignes has been the Chief Executive Officer at Société Internationale de Plantations d'Hévéas Société Anonyme since August 31, 2009. Mr. Vignes serves as a Director of Ghana Rubber Estates Lim ...


CEO Compensation Analysis

Compensation vs Market: Bertrand's total compensation ($USD409.43K) is about average for companies of similar size in the French market ($USD467.33K).

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


Board Members

NamePositionTenureCompensationOwnership
Frédérique Varennes
Company Secretary & Permanent Representative Director8.5yrs€239.61kno data
Olivier de Saint Seine
Independent Director4.5yrs€6.00kno data
Alassane Doumbia
Director8.5yrs€47.84kno data
Pierre Billon
Chairman of the Board7yrs€24.67kno data
Lucie Barry-Tannous
Permanent Representative Director8.5yrs€5.52kno data
Thierry Serres
Representative Director13.2yrs€8.29kno data
Bernard Diguet
Independent Censor9.5yrsno datano data
Carine Damois
Representative Director0yrs€8.29kno data

8.5yrs

Average Tenure

50.5yo

Average Age

Experienced Board: SIPH's board of directors are considered experienced (8.5 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Société Internationale de Plantations d'Hévéas Société Anonyme's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Société Internationale de Plantations d'Hévéas Société Anonyme
  • Ticker: SIPH
  • Exchange: ENXTPA
  • Founded: 1905
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: €430.167m
  • Shares outstanding: 5.06m
  • Website: https://www.siph.com

Number of Employees


Location

  • Société Internationale de Plantations d'Hévéas Société Anonyme
  • 53, rue du Capitaine Guynemer
  • Courbevoie
  • Ile-de-France
  • 92400
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SIPHENXTPA (Euronext Paris)YesOrdinary SharesFREURJan 1992
0CSDLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992

Biography

Société Internationale de Plantations d'Hévéas Société Anonyme cultivates, harvests, processes, and markets natural rubber to the tyre industry in West Africa. Its rubber plantations are located in Ivory Coast, Ghana, Nigeria, and Liberia. The company also sells its products in Europe, Asia, North America, and South Africa. Société Internationale de Plantations d'Hévéas Société Anonyme was founded in 1905 and is based in Courbevoie, France. Société Internationale de Plantations d'Hévéas Société Anonyme is a subsidiary of SIFCA SARL. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/11 20:40
End of Day Share Price2019/12/04 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.