ENXTPA:GET

Stock Analysis Report

Executive Summary

Getlink SE engages in the design, finance, construction, and operation of fixed link infrastructure and transport system, and rail freight activity in France and the United Kingdom.

Snowflake

Fundamentals

Reasonable growth potential with acceptable track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

2.0%

ENXTPA:GET

0.5%

FR Infrastructure

-0.2%

FR Market


1 Year Return

22.6%

ENXTPA:GET

-4.1%

FR Infrastructure

3.1%

FR Market

GET outperformed the Infrastructure industry which returned -3.4% over the past year.

GET outperformed the Market in France which returned 4.2% over the past year.


Share holder returns

GETIndustryMarket
7 Day2.0%0.5%-0.2%
30 Day8.0%5.6%4.8%
90 Day-4.2%0.4%0.7%
1 Year25.8%22.6%-1.7%-4.1%6.6%3.1%
3 Year51.4%40.2%70.0%58.3%45.5%31.4%
5 Year53.9%38.1%70.7%52.6%58.0%34.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

54.42x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Getlink's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Getlink's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Getlink is overvalued based on earnings compared to the Europe Infrastructure industry average.

Getlink is overvalued based on earnings compared to the France market.


Price Based on Expected Growth

Getlink is poor value based on expected growth next year.


Price Based on Value of Assets

Getlink is overvalued based on assets compared to the FR Infrastructure industry average.


Next Steps

Future Growth

How is Getlink expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

26.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Getlink's revenue is expected to grow by 7% yearly, however this is not considered high growth (20% yearly).

Getlink's earnings are expected to grow significantly at over 20% yearly.

Getlink's revenue growth is expected to exceed the France market average.

Getlink's earnings growth is expected to exceed the France market average.

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


Earnings per Share Growth Estimates


Future Return on Equity

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


Next Steps

Past Performance

How has Getlink performed over the past 5 years?

7.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Getlink's year on year earnings growth rate has been positive over the past 5 years.

Getlink's 1-year earnings growth exceeds its 5-year average (13.4% vs 7.6%)

Getlink's earnings growth has exceeded the Europe Infrastructure industry average in the past year (13.4% vs 9.2%).


Return on Equity

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


Return on Assets

Getlink used its assets less efficiently than the Europe Infrastructure industry average last year based on Return on Assets.


Return on Capital Employed

Getlink's use of capital has not improved over the past 3 years (Return on Capital Employed).


Next Steps

Financial Health

How is Getlink's financial position?


Financial Position Analysis

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

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


Debt to Equity History and Analysis

Getlink's level of debt (357%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (225.3% vs 357% today).

Debt is not well covered by operating cash flow (10.2%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.1x debt.


Next Steps

Dividend

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

3.45%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Getlink's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.56%).

Getlink's dividend is below the markets top 25% of dividend payers in France (4.51%).

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 (0.7x coverage).


Future Payout to Shareholders

Dividends after 3 years are not well covered by earnings (0.8x coverage).


Next Steps

Management

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

3.7yrs

Average management tenure


CEO

Jacques Gounon (66yo)

14.3yrs

Tenure

€12,600,148

Compensation

Mr. Jacques Gounon has been the Chief Executive Officer of Getlink S.E. (formerly, Groupe Eurotunnel SE) since June 14, 2005. Mr. Gounon served as the Chief Executive Officer of TNU Plc since June 14, 2005 ...


CEO Compensation Analysis

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

Jacques's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.


Management Age and Tenure

3.7yrs

Average Tenure

57yo

Average Age

The tenure for the Getlink management team is about average.


Board Age and Tenure

9.3yrs

Average Tenure

74yo

Average Age

The tenure for the Getlink board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Jacques Gounon (66yo)

    Chairman & CEO

    • Tenure: 14.3yrs
    • Compensation: €12.60m
  • Pascal Sainson (61yo)

    COO of Europorte & Chairman of Europorte SAS

    • Tenure: 0yrs
  • Claire Piccolin (57yo)

    Company Secretary & Compliance Officer

    • Tenure: 2.7yrs
  • François Gauthey (56yo)

    Chief Financial & Corporate Officer

    • Tenure: 4yrs
    • Compensation: €1.57m
  • Michel Boudoussier (55yo)

    Group Chief Corporate Officer

    • Tenure: 0yrs
  • Bertrand Gérard (52yo)

    Human Resources Director & Chairman of CIFFCO

    • Tenure: 0.4yrs
  • Philippe de Lagune (70yo)

    Chief Operating Officer of Security

    • Tenure: 3.7yrs
  • John Smith (57yo)

    Managing Director of GBRf

    • Tenure: 0yrs
  • Anne-Laure Descleves

    Director of Group Communications

    • Tenure: 4.3yrs
  • Laurent Fourtune (49yo)

    Chief Operating Officer of Eurotonnel

    • Tenure: 1.5yrs

Board Members

  • Jacques Gounon (66yo)

    Chairman & CEO

    • Tenure: 14.3yrs
    • Compensation: €12.60m
  • Tim Yeo (74yo)

    Independent Director

    • Tenure: 12.3yrs
    • Compensation: €53.70k
  • Philippe Vasseur (76yo)

    Independent Director

    • Tenure: 12.3yrs
    • Compensation: €53.95k
  • Peter Keith Levene (77yo)

    Independent Director

    • Tenure: 7.6yrs
    • Compensation: €37.18k
  • Colette Lewiner (74yo)

    Independent Director

    • Tenure: 8.7yrs
    • Compensation: €61.90k
  • Pascal Sainson (61yo)

    COO of Europorte & Chairman of Europorte SAS

    • Tenure: 0yrs
  • Jean-Pierre Trotignon (69yo)

    Independent Director

    • Tenure: 9.7yrs
    • Compensation: €71.35k
  • Colette Neuville (82yo)

    Senior Independent Director

    • Tenure: 5.6yrs
    • Compensation: €73.80k
  • Patricia Hewitt (70yo)

    Independent Director

    • Tenure: 9.3yrs
    • Compensation: €61.00k
  • Perrette Rey (76yo)

    Independent Director

    • Tenure: 6.5yrs
    • Compensation: €73.80k

Company Information

Getlink SE's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Getlink SE
  • Ticker: GET
  • Exchange: ENXTPA
  • Founded: 2005
  • Industry: Highways and Railtracks
  • Sector: Transportation
  • Market Cap: €7.206b
  • Shares outstanding: 536.18m
  • Website: https://www.getlinkgroup.com/uk/home

Number of Employees


Location

  • Getlink SE
  • 3, rue La Boétie
  • Paris
  • Ile-de-France
  • 75008
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GETENXTPA (Euronext Paris)YesOrdinary SharesFREURJul 2007
0P72LSE (London Stock Exchange)YesOrdinary SharesGBEURJul 2007
GRPT.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2007
TNU3DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2007
GETPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 2007
GETSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJul 2007
GRPT.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDDec 2012

Biography

Getlink SE engages in the design, finance, construction, and operation of fixed link infrastructure and transport system, and rail freight activity in France and the United Kingdom. Its Eurotunnel segment  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/16 21:48
End of Day Share Price2019/09/16 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.