ENXTPA:EIFF

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Société de la Tour Eiffel

Executive Summary

Société de la Tour Eiffel is an integrated commercial real estate company with €1.9 bn in assets and a powerful service culture. More Details


Snowflake Analysis

Second-rate dividend payer and overvalued.

Share Price & News

How has Société de la Tour Eiffel's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-5.5%

EIFF

-5.1%

FR REITs

-1.7%

FR Market


1 Year Return

-22.8%

EIFF

-35.6%

FR REITs

-8.0%

FR Market

Return vs Industry: EIFF exceeded the French REITs industry which returned -35.2% over the past year.

Return vs Market: EIFF underperformed the French Market which returned -7.6% over the past year.


Shareholder returns

EIFFIndustryMarket
7 Day-5.5%-5.1%-1.7%
30 Day-4.5%-7.8%1.5%
90 Day-12.3%-15.8%0.6%
1 Year-18.4%-22.8%-31.1%-35.6%-6.0%-8.0%
3 Year-41.3%-51.4%-23.2%-35.1%6.9%-2.3%
5 Year-19.9%-40.5%-2.5%-27.1%42.3%22.9%

Price Volatility Vs. Market

How volatile is Société de la Tour Eiffel's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Société de la Tour Eiffel undervalued compared to its fair value and its price relative to the market?

2.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EIFF (€27.7) is trading below our estimate of fair value (€28.36)

Significantly Below Fair Value: EIFF is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: EIFF is poor value based on its PE Ratio (36.7x) compared to the FR REITs industry average (7.7x).

PE vs Market: EIFF is poor value based on its PE Ratio (36.7x) compared to the French market (16.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: EIFF's PB Ratio (0.6x) is in line with the FR REITs industry average.


Next Steps

Future Growth

How is Société de la Tour Eiffel forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

25.6%

Forecasted Real Estate 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 de la Tour Eiffel 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 de la Tour Eiffel performed over the past 5 years?

-35.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EIFF has a large one-off gain of €8.9M impacting its June 30 2020 financial results.

Growing Profit Margin: EIFF became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: EIFF's earnings have declined by 35% per year over the past 5 years.

Accelerating Growth: EIFF has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: EIFF has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (13.2%).


Return on Equity

High ROE: EIFF's Return on Equity (1.6%) is considered low.


Next Steps

Financial Health

How is Société de la Tour Eiffel's financial position?


Financial Position Analysis

Short Term Liabilities: EIFF's short term assets (€421.9M) exceed its short term liabilities (€142.7M).

Long Term Liabilities: EIFF's short term assets (€421.9M) do not cover its long term liabilities (€1.0B).


Debt to Equity History and Analysis

Debt Level: EIFF's debt to equity ratio (124.1%) is considered high.

Reducing Debt: EIFF's debt to equity ratio has increased from 84.7% to 124.1% over the past 5 years.

Debt Coverage: EIFF's debt is not well covered by operating cash flow (7.8%).

Interest Coverage: EIFF's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Société de la Tour Eiffel current dividend yield, its reliability and sustainability?

7.22%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EIFF's dividend (7.22%) is higher than the bottom 25% of dividend payers in the French market (1.54%).

High Dividend: EIFF's dividend (7.22%) is in the top 25% of dividend payers in the French market (4.94%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (42.8%), EIFF's dividend payments are 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?

4.3yrs

Average board tenure


CEO

Thomas Georgeon (45 yo)

2yrs

Tenure

€262,970

Compensation

Mr. Thomas Georgeon has been the Chief Executive Officer and Managing Director at Société de la Tour Eiffel since September 28, 2018 and serves as its Member of Management Board. He is graduate of the Ecol ...


CEO Compensation Analysis

Compensation vs Market: Thomas's total compensation ($USD0.00) is below average for companies of similar size in the French market ($USD573.97K).

Compensation vs Earnings: Insufficient data to compare Thomas's compensation with company performance.


Board Members

NamePositionTenureCompensationOwnership
Didier Ridoret
Chairman0.33yr€15.45k0.00022%
€ 1.0k
Patrick Bernasconi
Director5.92yrs€14.83k0.000060%
€ 275.6
Agnès Auberty
Director5.92yrs€27.62kno data
Marie Wiedmer-Brouder
Independent Director5.92yrs€24.64k0.0015%
€ 7.1k
Thomas Guyot
Independent Director5.33yrs€13.20kno data
Claire Marcilhacy
Director4.33yrs€20.13kno data
Bibiane Cazenove
Independent Director4.33yrs€24.64k0.00010%
€ 459.4
Jacques Chanut
Director0.33yrno datano data
Pierre Esparbes
Director6.67yrs€13.95kno data
Jean-Yves Mary
Independent Director1.5yrsno datano data
Patrick Sagon
Independent Director1.33yrsno datano data
Marie-Georges Dubost
Director0.33yrno datano data

4.3yrs

Average Tenure

60yo

Average Age

Experienced Board: EIFF's board of directors are considered experienced (4.3 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

Société de la Tour Eiffel's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Société de la Tour Eiffel
  • Ticker: EIFF
  • Exchange: ENXTPA
  • Founded: 1889
  • Industry: Office REITs
  • Sector: Real Estate
  • Market Cap: €459.398m
  • Shares outstanding: 16.58m
  • Website: https://www.societetoureiffel.com

Number of Employees


Location

  • Société de la Tour Eiffel
  • 20, rue de la Ville l'Evêque
  • Paris
  • Ile-de-France
  • 75008
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EIFFENXTPA (Euronext Paris)YesOrdinary SharesFREURJan 1992
0IUELSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
EIFFPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
UVABST (Boerse-Stuttgart)YesOrdinary SharesDEEURJan 1992

Biography

Société de la Tour Eiffel is an integrated commercial real estate company with €1.9 bn in assets and a powerful service culture. It operates across the real estate cycle, supporting companies of all sizes ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/22 02:57
End of Day Share Price2020/09/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.