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

2.2%

GET

0.9%

FR Infrastructure

-0.9%

FR Market


1 Year Return

33.2%

GET

2.0%

FR Infrastructure

12.5%

FR Market

Return vs Industry: GET exceeded the French Infrastructure industry which returned 2% over the past year.

Return vs Market: GET exceeded the French Market which returned 12.5% over the past year.


Shareholder returns

GETIndustryMarket
7 Day2.2%0.9%-0.9%
30 Day9.3%4.7%-0.8%
90 Day11.9%4.1%-0.5%
1 Year36.8%33.2%4.5%2.0%16.3%12.5%
3 Year84.5%70.9%89.9%76.9%43.1%29.1%
5 Year73.8%55.8%87.5%67.5%71.4%45.4%

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 compared to its fair value and its price relative to the market?

60.53x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GET (€14.95) is trading above our estimate of fair value (€11.45)

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


Price To Earnings Ratio

PE vs Industry: GET is poor value based on its PE Ratio (60.5x) compared to the Infrastructure industry average (18.1x).

PE vs Market: GET is poor value based on its PE Ratio (60.5x) compared to the French market (17.3x).


Price to Earnings Growth Ratio

PEG Ratio: GET is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: GET is overvalued based on its PB Ratio (4.9x) compared to the FR Infrastructure industry average (1.6x).


Next Steps

Future Growth

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

26.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GET's forecast earnings growth (26.5% per year) is above the savings rate (0.7%).

Earnings vs Market: GET's earnings (26.5% per year) are forecast to grow faster than the French market (11.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GET's revenue (7.8% per year) is forecast to grow faster than the French market (4.4% per year).

High Growth Revenue: GET's revenue (7.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GET's Return on Equity is forecast to be low in 3 years time (11.5%).


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

Earnings Trend: GET's earnings have grown by 7.6% per year over the past 5 years.

Accelerating Growth: GET's earnings growth over the past year (13.4%) exceeds its 5-year average (7.6% per year).

Earnings vs Industry: GET earnings growth over the past year (13.4%) exceeded the Infrastructure industry 9.8%.


Return on Equity

High ROE: GET's Return on Equity (8.1%) is considered low.


Return on Assets

ROA vs Industry: GET's Return on Assets is below or equal to the Infrastructure industry average last year.


Return on Capital Employed

ROCE Improving: GET has not improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Getlink's financial position?


Financial Position Analysis

Short Term Liabilities: GET's short term assets (€653.6M) exceeds its short term liabilities (€395.4M)

Long Term Liabilities: GET's short term assets (653.6M) do not cover its long term liabilities (5.9B)


Debt to Equity History and Analysis

Debt Level: GET's debt to equity ratio (357%) is considered high

Reducing Debt: GET's debt to equity ratio has increased from 225.3% to 357% over the past 5 years.

Debt Coverage: GET's debt is not well covered by operating cash flow (10.2%).

Interest Coverage: GET's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet

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

Debt Coverage by Assets: GET's 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?

2.41%

Current Dividend Yield


Dividend Yield vs Market

company2.4%marketbottom25%1.5%markettop25%4.7%industryaverage4.0%forecastin3Years3.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: GET's dividend (2.41%) is higher than the bottom 25% of dividend payers in the French market (1.55%).

High Dividend: GET's dividend (2.41%) is low compared to the top 25% of dividend payers in the French market (4.71%).

Stable Dividend: GET's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (145.8%), GET's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GET's dividends in 3 years are not forecast to be well covered by earnings (130.1% payout ratio).


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Jacques Gounon (66yo)

14.3yrs

Tenure

€6,328,699

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

Compensation vs. Market: Jacques's total compensation ($USD7.04M) is about average for companies of similar size in the French market ($USD2.66M).

Compensation vs Earnings: Jacques's compensation has increased by more than 20% in the past year.


Management Age and Tenure

3.8yrs

Average Tenure

57yo

Average Age

Experienced Management: GET's management team is considered experienced (3.8 years average tenure).


Board Age and Tenure

9.4yrs

Average Tenure

74yo

Average Age

Experienced Board: GET's board of directors are considered experienced (9.4 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


Management Team

  • Jacques Gounon (66yo)

    Chairman & CEO

    • Tenure: 14.3yrs
    • Compensation: €6.33m
  • Pascal Sainson (61yo)

    COO of Europorte & Chairman of Europorte SAS

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

    Company Secretary & Compliance Officer

    • Tenure: 2.8yrs
  • François Gauthey (56yo)

    Chief Financial & Corporate Officer

    • Tenure: 4.1yrs
    • Compensation: €1.57m
  • Michel Boudoussier (55yo)

    Group Chief Corporate Officer

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

    Human Resources Director & Chairman of CIFFCO

    • Tenure: 0.5yrs
  • Philippe de Lagune (70yo)

    Chief Operating Officer of Security

    • Tenure: 3.8yrs
  • 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: 1.6yrs

Board Members

  • Jacques Gounon (66yo)

    Chairman & CEO

    • Tenure: 14.3yrs
    • Compensation: €6.33m
  • 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: 7.7yrs
    • Compensation: €37.18k
  • Colette Lewiner (74yo)

    Independent Director

    • Tenure: 8.8yrs
    • Compensation: €61.90k
  • Pascal Sainson (61yo)

    COO of Europorte & Chairman of Europorte SAS

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

    Independent Director

    • Tenure: 9.8yrs
    • Compensation: €71.35k
  • Colette Neuville (82yo)

    Senior Independent Director

    • Tenure: 5.7yrs
    • Compensation: €73.80k
  • Patricia Hewitt (70yo)

    Independent Director

    • Tenure: 9.4yrs
    • Compensation: €61.00k
  • Perrette Rey (76yo)

    Independent Director

    • Tenure: 6.6yrs
    • 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: €8.016b
  • 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 Analysis2019/10/23 20:57
End of Day Share Price2019/10/23 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.