ENXTPA:AFO

Stock Analysis Report

Executive Summary

Afone S.A. provides telecommunications and electronic payment services to individuals, professionals, and companies in France.

Snowflake

Fundamentals

Solid track record with adequate balance sheet and pays a dividend.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

AFO

3.2%

FR Telecom

2.9%

FR Market


1 Year Return

15.2%

AFO

5.9%

FR Telecom

10.2%

FR Market

Return vs Industry: AFO exceeded the French Telecom industry which returned 5.9% over the past year.

Return vs Market: AFO exceeded the French Market which returned 10.2% over the past year.


Share holder returns

AFOIndustryMarket
7 Day0%3.2%2.9%
30 Day4.9%6.7%-0.3%
90 Day-6.5%8.3%0.1%
1 Year22.2%15.2%10.5%5.9%14.0%10.2%
3 Year83.9%51.8%4.0%-6.6%44.3%30.4%
5 Year204.2%123.2%35.3%15.2%75.2%49.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

7%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: AFO (€12.9) is trading below our estimate of fair value (€13.91)

Significantly Undervalued: AFO is trading below fair value, but not by a significant amount.


Price Based on Earnings

PE vs Industry: AFO is good value based on its PE Ratio (3.4x) compared to the Telecom industry average (18.1x).

PE vs Market: AFO is good value based on its PE Ratio (3.4x) compared to the French market (17.1x).


Price Based on Expected Growth

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


Price Based on Value of Assets

PB vs Industry: AFO is overvalued based on its PB Ratio (1.8x) compared to the FR Telecom industry average (1.6x).


Next Steps

Future Growth

How is Afone expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

-16.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: AFO's earnings are forecast to decline over the next 3 years (-16.2% per year).

Earnings vs Market: AFO's earnings are forecast to decline over the next 3 years (-16.2% per year).

High Growth Earnings: AFO's earnings are forecast to decline over the next 3 years.

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

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


Earnings per Share Growth Estimates


Future Return on Equity

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


Next Steps

Past Performance

How has Afone performed over the past 5 years?

34.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: AFO's earnings have grown significantly by 34.5% per year over the past 5 years.

Accelerating Growth: AFO's earnings growth over the past year (320.9%) exceeds its 5-year average (34.5% per year).

Earnings vs Industry: AFO earnings growth over the past year (320.9%) exceeded the Telecom industry 28%.


Return on Equity

High ROE: AFO's Return on Equity (46.1%) is considered outstanding.


Return on Assets

ROA vs Industry: AFO has a higher Return on Assets than the Telecom industry average last year.


Return on Capital Employed

ROCE Improving: AFO is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Afone's financial position?


Financial Position Analysis

Short Term Liabilities: AFO's short term assets (€43.7M) exceeds its short term liabilities (€25.5M)

Long Term Liabilities: AFO's short term assets (€43.7M) exceeds its long term liabilities (€9.4M)


Debt to Equity History and Analysis

Debt Level: AFO's debt to equity ratio (23.5%) is considered satisfactory

Reducing Debt: AFO's debt to equity ratio has increased from 5.1% to 23.5% over the past 5 years.

Debt Coverage: AFO's debt is well covered by operating cash flow (85.4%).

Interest Coverage: Insufficient data to determine if AFO's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: AFO has a low level of unsold assets or inventory.

Debt Coverage by Assets: AFO's debt is covered by short term assets (assets are 6.998710x debt).


Next Steps

Dividend

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

5.74%

Current Dividend Yield


Dividend Yield vs Market

company5.7%marketbottom25%1.6%markettop25%4.6%industryaverage4.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: AFO's dividend (5.74%) is higher than the bottom 25% of dividend payers in the French market (1.57%).

High Dividend: AFO's dividend (5.74%) is in the top 25% of dividend payers in the French market (4.65%)

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

Growing Dividend: AFO's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.2%), AFO'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

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

€263k

CEO Compensation


CEO

Philip Fournier 0

0yrs

Tenure

€263,000

Compensation

Mr. Philip Fournier serves as Chairman and Chief Executive Officer Afone S.A. 


CEO Compensation Analysis

Compensation vs. Market: Philip's total compensation ($USD290.61K) is about average for companies of similar size in the French market ($USD152.51K).

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


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


Management Team

  • Philip Baker

    President of Board of Directors

    • Tenure: 0yrs
    • Compensation: €240.00k
  • Éric Durand-Gasselin

    Deputy CEO & Director

    • Tenure: 0yrs
    • Compensation: €257.00k
  • Philip Fournier

    Chairman & CEO

    • Tenure: 0yrs
    • Compensation: €263.00k
  • Carlos Castineiras

    Director of Carte and Services

    • Tenure: 0yrs
    • Compensation: €412.00k
  • François Roche

    Director of Carte and Services

    • Tenure: 0yrs
    • Compensation: €138.00k

Board Members

  • Vincent Kemmoun

    Independent Director

    • Tenure: 0yrs
    • Compensation: €4.00k
  • Éric Durand-Gasselin

    Deputy CEO & Director

    • Tenure: 0yrs
    • Compensation: €257.00k
  • Philip Fournier

    Chairman & CEO

    • Tenure: 0yrs
    • Compensation: €263.00k
  • Myriam Durand-Gasselin

    Director

    • Tenure: 0yrs
    • Compensation: €4.00k
  • Marie Robin

    Director

    • Tenure: 0yrs

Company Information

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


Key Information

  • Name: Afone S.A.
  • Ticker: AFO
  • Exchange: ENXTPA
  • Founded: 1997
  • Industry: Integrated Telecommunication Services
  • Sector: Telecom
  • Market Cap: €47.812m
  • Shares outstanding: 3.71m
  • Website: https://www.afone.com

Number of Employees


Location

  • Afone S.A.
  • 11 Place François Mitterrand
  • Cedex 02
  • Angers
  • Pays de la Loire
  • 11024
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AFOENXTPA (Euronext Paris)YesCommon StockFREURJun 2001
AFOPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURJun 2001

Biography

Afone S.A. provides telecommunications and electronic payment services to individuals, professionals, and companies in France. The company offers home and mobile telephony services; Internet access service ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/13 20:52
End of Day Share Price2019/10/11 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.

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