ENXTPA:ETL

Stock Analysis Report

Eutelsat Communications

Executive Summary

Eutelsat Communications S.A., a private telecommunications satellite operator, engages in the design, establishment, operation, and maintenance of satellite telecommunications systems.

Snowflake

Fundamentals

Established dividend payer and good value.


Similar Companies

Share Price & News

How has Eutelsat Communications's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.4%

ENXTPA:ETL

3.3%

FR Media

3.0%

FR Market


1 Year Return

-24.7%

ENXTPA:ETL

-16.3%

FR Media

-1.3%

FR Market

ETL underperformed the Media industry which returned -16.7% over the past year.

ETL underperformed the Market in France which returned -0.3% over the past year.


Share holder returns

ETLIndustryMarket
7 Day1.4%3.3%3.0%
30 Day-9.0%-2.8%-4.1%
90 Day-2.2%-5.5%1.2%
1 Year-19.2%-24.7%-12.6%-16.3%2.1%-1.3%
3 Year8.7%-10.6%-12.4%-21.2%41.3%27.5%
5 Year-18.4%-37.9%-3.3%-18.0%55.6%32.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Eutelsat Communications undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Eutelsat Communications's share price is below the future cash flow value, and at a moderate discount (> 20%).

Eutelsat Communications's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Eutelsat Communications is good value based on earnings compared to the FR Media industry average.

Eutelsat Communications is good value based on earnings compared to the France market.


Price Based on Expected Growth

Eutelsat Communications is poor value based on expected growth next year.


Price Based on Value of Assets

Eutelsat Communications is overvalued based on assets compared to the FR Media industry average.


Next Steps

Future Growth

How is Eutelsat Communications expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

3.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Eutelsat Communications's revenue is expected to grow by 0.9% yearly, however this is not considered high growth (20% yearly).

Eutelsat Communications's earnings are expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).

Eutelsat Communications's revenue growth is positive but not above the France market average.

Eutelsat Communications's earnings growth is positive but not above the France market average.

Eutelsat Communications's earnings growth is expected to exceed the low risk savings rate of 0.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Eutelsat Communications is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Eutelsat Communications performed over the past 5 years?

-2.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Eutelsat Communications's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

Eutelsat Communications's 1-year earnings growth exceeds its 5-year average (17.3% vs -2%)

Eutelsat Communications's earnings growth has exceeded the FR Media industry average in the past year (17.3% vs 13.9%).


Return on Equity

Eutelsat Communications has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Eutelsat Communications used its assets more efficiently than the FR Media industry average last year based on Return on Assets.


Return on Capital Employed

Eutelsat Communications's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Eutelsat Communications's financial position?


Financial Position Analysis

Eutelsat Communications is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Eutelsat Communications's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Eutelsat Communications's level of debt (152.1%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (201.2% vs 152.1% today).

Debt is well covered by operating cash flow (20.6%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 5.6x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.5x debt.


Next Steps

Dividend

What is Eutelsat Communications's current dividend yield, its reliability and sustainability?

8.66%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Eutelsat Communications before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Eutelsat Communications's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.55%).

Eutelsat Communications's dividend is above the markets top 25% of dividend payers in France (4.53%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.2x coverage).


Next Steps

Management

What is the CEO of Eutelsat Communications's salary, the management and board of directors tenure and is there insider trading?

3.4yrs

Average management tenure


CEO

Rodolphe Belmer (50yo)

3.4yrs

Tenure

€2,128,681

Compensation

Mr. Rodolphe Belmer has been the Chief Executive Officer of Eutelsat Communications S.A. and Eutelsat S.A. since March 1, 2016. Mr. Belmer serves as the Chief Operating Officer and Member of the Executive  ...


CEO Compensation Analysis

Rodolphe's remuneration is higher than average for companies of similar size in France.

Rodolphe's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.4yrs

Average Tenure

51.5yo

Average Age

The tenure for the Eutelsat Communications management team is about average.


Board Age and Tenure

3.8yrs

Average Tenure

59yo

Average Age

The tenure for the Eutelsat Communications board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Michel Azibert (64yo)

    Deputy Chief Executive Officer

    • Tenure: 7.9yrs
    • Compensation: €1.22m
  • Rodolphe Belmer (50yo)

    CEO & Director

    • Tenure: 3.4yrs
    • Compensation: €2.13m
  • Manuel Serrano

    Deputy Chief Technology Officer and Director of Operations

    • Tenure: 0.0yrs
  • Yohann Leroy (41yo)

    Deputy CEO & CTO

    • Tenure: 5.1yrs
    • Compensation: €456.54k
  • Jakub Brzeczkowski

    President of Eutelsat Poland

    • Tenure: 0.0yrs
  • Antoine Mingalon (53yo)

    Chief Human Resources Officer

    • Tenure: 2.6yrs
  • Markus Fritz

    Executive Vice President of Commercial Development & Strategic Partnerships

    • Tenure: 3.8yrs
  • Joanna Darlington

    Head of Investor Relations

    • Tenure: 0.0yrs
  • Sandrine Téran

    CFO & IT Officer

    • Tenure: 2.6yrs
  • Marie-Sophie Ecuer

    Corporate Communications Director

    • Tenure: 1.6yrs

Board Members

  • Carole Piwnica (61yo)

    Independent Director

    • Tenure: 8.8yrs
    • Compensation: €69.00k
  • Giuliano Berretta (79yo)

    Chairman

    • Tenure: 7.8yrs
    • Compensation: €315.00k
  • Ross McInnes (65yo)

    Independent Director

    • Tenure: 6.5yrs
    • Compensation: €87.00k
  • Ana María García Fau (51yo)

    Independent Director

    • Tenure: 3.8yrs
    • Compensation: €79.13k
  • Jean d'Arthuys (53yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: €68.60k
  • Dominique D'Hinnin (60yo)

    Chairman of the Board

    • Tenure: 1.8yrs
    • Compensation: €167.11k
  • Rodolphe Belmer (50yo)

    CEO & Director

    • Tenure: 3.4yrs
    • Compensation: €2.13m
  • John Birt (75yo)

    Vice President of Board of Directors

    • Tenure: 0.0yrs
    • Compensation: €108.00k
  • Stéphanie Frachet (42yo)

    Director

    • Tenure: 8.5yrs
    • Compensation: €62.00k
  • Esther Gaide (58yo)

    Independent Director

    • Tenure: 1.8yrs
    • Compensation: €47.27k

Company Information

Eutelsat Communications S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Eutelsat Communications S.A.
  • Ticker: ETL
  • Exchange: ENXTPA
  • Founded: 1977
  • Industry: Cable and Satellite
  • Sector: Media
  • Market Cap: €3.642b
  • Shares outstanding: 232.58m
  • Website: https://www.eutelsat.com

Number of Employees


Location

  • Eutelsat Communications S.A.
  • 70, rue Balard
  • Cedex 15
  • Paris
  • Ile-de-France
  • 75502
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ETLENXTPA (Euronext Paris)YesCommon StockFREURDec 2005
E3BDB (Deutsche Boerse AG)YesCommon StockDEEURDec 2005
0JNILSE (London Stock Exchange)YesCommon StockGBEURDec 2005
EUTL.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDDec 2005
ETLPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURDec 2005
ETCM.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDNov 2011

Biography

Eutelsat Communications S.A., a private telecommunications satellite operator, engages in the design, establishment, operation, and maintenance of satellite telecommunications systems. The company offers b ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 20:52
End of Day Share Price2019/08/22 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.