ENXTPA:EIFF

Stock Analysis Report

Société de la Tour Eiffel

Executive Summary

A listed real estate investment company (SIIC) on Euronext Paris, the company pursues a strategy focused on the ownership and the development of quality offices capable of attracting a wide range of quality tenants.

Snowflake

Unattractive 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

-1.5%

EIFF

0.4%

FR REITs

0.9%

FR Market


1 Year Return

-11.8%

EIFF

14.2%

FR REITs

16.6%

FR Market

Return vs Industry: EIFF underperformed the French REITs industry which returned 14.2% over the past year.

Return vs Market: EIFF underperformed the French Market which returned 16.6% over the past year.


Shareholder returns

EIFFIndustryMarket
7 Day-1.5%0.4%0.9%
30 Day1.8%1.3%4.5%
90 Day6.8%10.9%10.6%
1 Year-4.6%-11.8%21.8%14.2%20.5%16.6%
3 Year-13.1%-27.7%41.2%18.5%51.4%37.0%
5 Year17.2%-13.3%72.8%30.3%68.8%45.0%

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?

1x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: EIFF (€39) is trading above our estimate of fair value (€36.36)

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


Price To Earnings Ratio

PE vs Industry: EIFF is unprofitable, so we can't compare its PE Ratio to the REITs industry average.

PE vs Market: EIFF is unprofitable, so we can't compare its PE Ratio to the French market.


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 is good value based on its PB Ratio (1x) compared to the FR REITs industry average (1.1x).


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?

34.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EIFF is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: EIFF is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: EIFF is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if EIFF's revenue is forecast to grow faster than the French market.

High Growth Revenue: Insufficient data to determine if EIFF's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if EIFF's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Société de la Tour Eiffel performed over the past 5 years?

-16.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EIFF has large one-off items impacting its financial results.

Growing Profit Margin: EIFF's current net profit margins (-10.5%) are lower than last year (8.1%).


Past Earnings Growth Analysis

Earnings Trend: EIFF is unprofitable, and losses have increased over the past 5 years at a rate of -16.2% per year.

Accelerating Growth: Unable to compare EIFF's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: EIFF is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (14.6%).


Return on Equity

High ROE: EIFF has a negative Return on Equity (-1.47%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Société de la Tour Eiffel's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

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

Debt Coverage by Assets: EIFF's debt is not covered by short term assets (assets are 0.2x debt).


Financial Institutions Analysis

Asset Level: EIFF's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if EIFF has a sufficient allowance for bad loans.

Low Risk Liabilities: EIFF reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if EIFF has an acceptable proportion of non-loan assets held.

Low Risk Deposits: EIFF has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if EIFF has an appropriate level of bad loans.


Next Steps

Dividend

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

7.69%

Current Dividend Yield


Dividend Yield vs Market

company7.7%marketbottom25%1.5%markettop25%4.5%industryaverage5.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: EIFF's dividend (7.69%) is higher than the bottom 25% of dividend payers in the French market (1.5%).

High Dividend: EIFF's dividend (7.69%) is in the top 25% of dividend payers in the French market (4.49%)


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 high payout ratio (136.4%), EIFF'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

What is the CEO of Société de la Tour Eiffel's salary, the management and board of directors tenure and is there insider trading?

4.8yrs

Average board tenure


CEO

Bruno Meyer (60yo)

0.4yrs

Tenure

€420,083

Compensation

Mr. Bruno Meyer has been Chief Executive Officer of Société de la Tour Eiffel Société Anonyme since June 30, 2019 and has been its Director since September 28, 2018 and also serves as its Member of Managem ...


CEO Compensation Analysis

Compensation vs Market: Bruno's total compensation ($USD464.08K) is below average for companies of similar size in the French market ($USD688.16K).

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


Board Age and Tenure

4.8yrs

Average Tenure

61yo

Average Age

Experienced Board: EIFF's board of directors are considered experienced (4.8 years average tenure).


Insider Trading

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 been diluted in the past year, with total shares outstanding growing by 17%.


Management Team

  • Christian Bertrand

    Head of Property Management

    • Tenure: 0yrs
  • Bruno Meyer (60yo)

    CEO and Member of Management Board

    • Tenure: 0.4yrs
    • Compensation: €420.08k
  • Eric Berlizon (48yo)

    CFO and Administrative & Financial Director

    • Tenure: 0yrs
  • Nicolas Ingueneau

    Director of Development & Investment

    • Tenure: 0yrs
  • Véronique Moëllo

    Secretary General

    • Tenure: 0yrs
  • Laurence Deverchère

    Chief Legal Officer

    • Tenure: 0yrs
  • Fabienne Renucci

    Head of Directorate General & CSR

    • Tenure: 0yrs
  • Thomas Georgeon (44yo)

    Chief Executive Officer

    • Tenure: 1.2yrs
    • Compensation: €262.97k

Board Members

  • Hubert Rodarie (64yo)

    Chairman of the Board

    • Tenure: 5.1yrs
    • Compensation: €38.56k
  • Didier Ridoret (68yo)

    Director

    • Tenure: 5.1yrs
    • Compensation: €15.45k
  • Patrick Bernasconi (64yo)

    Director

    • Tenure: 5.1yrs
    • Compensation: €14.83k
  • Brigitte de Beauregard (71yo)

    Independent Director

    • Tenure: 4.5yrs
    • Compensation: €20.14k
  • Agnès Auberty (55yo)

    Director

    • Tenure: 5.1yrs
    • Compensation: €27.62k
  • Marie Wiedmer-Brouder (61yo)

    Independent Director

    • Tenure: 5.1yrs
    • Compensation: €24.64k
  • Thomas Guyot (43yo)

    Independent Director

    • Tenure: 4.5yrs
    • Compensation: €13.20k
  • Maxence Hecquard (59yo)

    Observer

    • Tenure: 0.8yrs
    • Compensation: €22.39k
  • Claire Marcilhacy (59yo)

    Director

    • Tenure: 3.5yrs
    • Compensation: €20.13k
  • Bibiane Cazenove (61yo)

    Independent Director

    • Tenure: 3.5yrs
    • Compensation: €24.64k

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: €643.425m
  • Shares outstanding: 16.50m
  • 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

A listed real estate investment company (SIIC) on Euronext Paris, the company pursues a strategy focused on the ownership and the development of quality offices capable of attracting a wide range of qualit ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/16 20:33
End of Day Share Price2019/11/15 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.