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Getlink

ENXTPA:GET
Snowflake Description

Reasonable growth potential with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GET
ENXTPA
€7B
Market Cap
  1. Home
  2. FR
  3. Transportation
Company description

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. The last earnings update was 119 days ago. More info.


Add to Portfolio Compare Print
GET Share Price and Events
7 Day Returns
-1.4%
ENXTPA:GET
0.5%
FR Infrastructure
-0.2%
FR Market
1 Year Returns
14.6%
ENXTPA:GET
-11.3%
FR Infrastructure
2.6%
FR Market
GET Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Getlink (GET) -1.4% -0.9% -0.7% 14.6% 40.9% 34.3%
FR Infrastructure 0.5% 2.6% -7% -11.3% 53.2% 48.5%
FR Market -0.2% 3.6% 1.1% 2.6% 34.3% 37.8%
1 Year Return vs Industry and Market
  • GET outperformed the Infrastructure industry which returned -11.3% over the past year.
  • GET outperformed the Market in France which returned 2.6% over the past year.
Price Volatility
GET
Industry
5yr Volatility vs Market

GET Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Getlink to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Getlink.

ENXTPA:GET Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year FR Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTPA:GET
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.84
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.842 (1 + (1- 33%) (76.46%))
1.183
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (1.183 * 6.65%)
8.6%

Discounted Cash Flow Calculation for ENXTPA:GET using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Getlink is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ENXTPA:GET DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.6%)
2020 358.93 Analyst x3 330.51
2021 409.00 Analyst x2 346.80
2022 444.25 Est @ 8.62% 346.86
2023 472.03 Est @ 6.25% 339.37
2024 493.73 Est @ 4.6% 326.87
2025 510.71 Est @ 3.44% 311.33
2026 524.12 Est @ 2.63% 294.21
2027 534.91 Est @ 2.06% 276.50
2028 543.79 Est @ 1.66% 258.83
2029 551.31 Est @ 1.38% 241.63
Present value of next 10 years cash flows €3,072.92
ENXTPA:GET DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €551.31 × (1 + 0.73%) ÷ (8.6% – 0.73%)
€7,060.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €7,060.56 ÷ (1 + 8.6%)10
€3,094.57
ENXTPA:GET Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €3,072.92 + €3,094.57
€6,167.49
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €6,167.49 / 534.75
€11.53
ENXTPA:GET Discount to Share Price
Calculation Result
Value per share (EUR) From above. €11.53
Current discount Discount to share price of €13.70
= -1 x (€13.70 - €11.53) / €11.53
-18.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Getlink is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Getlink's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Getlink's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:GET PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.24
ENXTPA:GET Share Price ** ENXTPA (2019-07-15) in EUR €13.7
Europe Infrastructure Industry PE Ratio Median Figure of 33 Publicly-Listed Infrastructure Companies 21.47x
France Market PE Ratio Median Figure of 415 Publicly-Listed Companies 17.52x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Getlink.

ENXTPA:GET PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:GET Share Price ÷ EPS (both in EUR)

= 13.7 ÷ 0.24

56.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
Does Getlink's expected growth come at a high price?
Raw Data
ENXTPA:GET PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 56.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
21.1%per year
Europe Infrastructure Industry PEG Ratio Median Figure of 21 Publicly-Listed Infrastructure Companies 2.68x
France Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

ENXTPA:GET PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 56.14x ÷ 21.1%

2.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Getlink is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Getlink's assets?
Raw Data
ENXTPA:GET PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €3.75
ENXTPA:GET Share Price * ENXTPA (2019-07-15) in EUR €13.7
France Infrastructure Industry PB Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 1.63x
France Market PB Ratio Median Figure of 613 Publicly-Listed Companies 1.47x
ENXTPA:GET PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:GET Share Price ÷ Book Value per Share (both in EUR)

= 13.7 ÷ 3.75

3.65x

* Primary Listing of Getlink.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Getlink is overvalued based on assets compared to the FR Infrastructure industry average.
X
Value checks
We assess Getlink's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Infrastructure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Infrastructure industry average (and greater than 0)? (1 check)
  5. Getlink has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GET Future Performance

 How is Getlink expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
21.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Getlink expected to grow at an attractive rate?
  • Getlink's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Getlink's earnings growth is expected to exceed the France market average.
  • Getlink's revenue growth is expected to exceed the France market average.
Annual Growth Rates Comparison
Raw Data
ENXTPA:GET Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:GET Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 21.1%
ENXTPA:GET Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 5.9%
Europe Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 5.8%
Europe Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 2.3%
France Market Earnings Growth Rate Market Cap Weighted Average 12.7%
France Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTPA:GET Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:GET Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,348 1
2021-12-31 1,292 576 252 8
2020-12-31 1,214 513 190 10
2019-12-31 1,115 447 149 11
ENXTPA:GET Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,079 572 130
2018-09-30 1,063 552 124
2018-06-30 1,046 532 117
2018-03-31 1,040 532 112
2017-12-31 1,033 532 108
2017-09-30 1,026 524 121
2017-06-30 1,020 516 135
2017-03-31 1,022 508 136
2016-12-31 1,023 500 137
2016-09-30 983 509 111
2016-06-30 942 518 84
2016-03-31 990 531 91

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Getlink's earnings are expected to grow significantly at over 20% yearly.
  • Getlink's revenue is expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTPA:GET Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Getlink Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:GET Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.46 0.65 0.38 7.00
2020-12-31 0.37 0.57 0.28 10.00
2019-12-31 0.29 0.39 0.24 9.00
ENXTPA:GET Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.24
2018-09-30 0.23
2018-06-30 0.22
2018-03-31 0.21
2017-12-31 0.20
2017-09-30 0.23
2017-06-30 0.25
2017-03-31 0.25
2016-12-31 0.25
2016-09-30 0.21
2016-06-30 0.16
2016-03-31 0.17

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Getlink is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Getlink's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Getlink has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GET Past Performance

  How has Getlink performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Getlink's growth in the last year to its industry (Infrastructure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 (20.9% vs 6.4%)
  • Getlink's earnings growth has exceeded the Europe Infrastructure industry average in the past year (20.9% vs 8.7%).
Earnings and Revenue History
Getlink's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Getlink Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:GET Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,079.45 130.39
2018-09-30 1,062.90 123.57
2018-06-30 1,046.36 116.76
2018-03-31 1,039.67 112.29
2017-12-31 1,032.98 107.82
2017-09-30 1,026.35 121.31
2017-06-30 1,019.73 134.81
2017-03-31 1,021.60 135.68
2016-12-31 1,023.48 136.55
2016-09-30 982.55 110.51
2016-06-30 941.63 84.47
2016-03-31 989.66 90.57
2015-12-31 1,037.70 96.66
2015-06-30 1,152.08 127.74
2015-03-31 1,132.97 98.64
2014-12-31 1,113.87 69.55
2014-09-30 1,174.34 79.80
2014-06-30 1,141.96 105.51
2014-03-31 1,116.97 103.43
2013-12-31 1,091.99 101.36
2013-09-30 1,060.41 55.42
2013-06-30 1,028.84 9.48
2013-03-31 1,011.00 20.60
2012-12-31 993.15 31.72
2012-09-30 957.37 22.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Getlink has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Getlink used its assets less efficiently than the Europe Infrastructure industry average last year based on Return on Assets.
  • Getlink's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Getlink's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Infrastructure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Getlink has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GET Health

 How is Getlink's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Getlink's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
This treemap shows a more detailed breakdown of Getlink's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Getlink Company Filings, last reported 6 months ago.

ENXTPA:GET Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,006.28 5,562.14 606.53
2018-09-30 2,006.28 5,562.14 606.53
2018-06-30 1,913.57 5,240.44 274.30
2018-03-31 1,913.57 5,240.44 274.30
2017-12-31 2,051.01 5,003.77 612.53
2017-09-30 2,051.01 5,003.77 612.53
2017-06-30 1,945.09 4,972.22 550.15
2017-03-31 1,945.09 4,972.22 550.15
2016-12-31 1,811.73 5,027.46 346.64
2016-09-30 1,811.73 5,027.46 346.64
2016-06-30 1,334.57 5,415.31 298.09
2016-03-31 1,334.57 5,415.31 298.09
2015-12-31 1,663.12 5,225.18 405.91
2015-06-30 1,619.73 5,374.61 389.20
2015-03-31 1,619.73 5,374.61 389.20
2014-12-31 1,757.97 5,277.78 384.72
2014-09-30 1,757.97 5,277.78 384.72
2014-06-30 2,144.20 4,816.51 215.25
2014-03-31 2,144.20 4,816.51 215.25
2013-12-31 2,480.57 4,550.79 276.73
2013-09-30 2,480.57 4,550.79 276.73
2013-06-30 2,281.17 4,575.20 158.98
2013-03-31 2,281.17 4,575.20 158.98
2012-12-31 2,154.14 4,838.00 256.23
2012-09-30 2,154.14 4,838.00 256.23
  • Getlink's level of debt (277.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (184.1% vs 277.2% today).
  • Debt is not well covered by operating cash flow (10.3%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Getlink's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Getlink has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GET Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.63%
Current annual income from Getlink dividends. Estimated to be 3.36% next year.
If you bought €2,000 of Getlink shares you are expected to receive €53 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Getlink's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.5%).
  • Getlink's dividend is below the markets top 25% of dividend payers in France (4.41%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTPA:GET Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Europe Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 3.3%
France Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3%
France Minimum Threshold Dividend Yield 10th Percentile 0.9%
France Bottom 25% Dividend Yield 25th Percentile 1.5%
France Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTPA:GET Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.52 9.00
2020-12-31 0.47 11.00
2019-12-31 0.41 12.00
ENXTPA:GET Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-18 0.360 2.569
2018-03-26 0.300 2.545
2017-03-24 0.260 2.515
2017-03-01 0.260 2.966
2016-03-04 0.220 2.320
2015-04-29 0.180 1.508
2014-03-21 0.150 1.443
2014-03-13 0.150 1.693
2013-05-15 0.120 1.779
2012-04-26 0.080 1.323
2011-03-04 0.040 0.617
2010-07-19 0.040 0.607
2010-05-26 0.040 0.664
2009-03-04 0.040 0.762

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of Getlink's earnings are paid to the shareholders as a dividend.
  • 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 (0.9x coverage).
X
Income/ dividend checks
We assess Getlink's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Getlink afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Getlink has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GET Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jacques Gounon
COMPENSATION €6,443,199
AGE 66
TENURE AS CEO 14.1 years
CEO Bio

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 and served as its Chairman February 18, 2005. He served as the Chairman of Eurotunnel Folkestone of TNU Plc since June 14, 2005 and Chief Executive since June 13, 2005. He served as the Chairman of TNU SA since February 18, 2005 and also served as its Chief Executive Officer. He started his career in public service in 1977 and later served as Chief Executive of the Comatec Group from 1986 to 1990, Director of Development for the Eiffage group from 1991 to 1993, Industry Advisor to the French Employment Minister from 1993 to 1995, Principal Private Secretary to the French Secretary of State for Transport from 1995 to 1996, Deputy Chief Executive of Alstom since 1996, Chairman of the Business Sector and Member of the Executive Committee of Alstom since 2000 and Deputy Chairman and Chief Executive of the Cegelec group since 2001. Mr. Gounon has been the Chairman of the Joint Board of The Channel Tunnel Group Ltd., le concessionnaire britannique and France Manche SA, le concessionnaire français. He has been the Chairman of Groupe Eurotunnel SE since 2007. He served as Chairman of Europorte 2 until May 2010. He serves as a Director of EFL, ESL, ETRL and EurotunnelPlus Distribution SAS. He has been Non-Executive Director of Aéroports de Paris Société Anonyme since July 2, 2008 and serves as a Director of Groupe Eurotunnel S.A. He serves as a Deputy Director of ETSE. He served as a Director of TNU Plc since December 17, 2004. He served as a Director of Eurotunnel Folkestone. He served as an Executive Director of TNU SA and also served as its Non Executive Director since November 29, 2004. He served as a Director at Cegelec. He is a Chief Engineer of the Ponts et Chaussées. Mr. Gounon is a Civil Engineer by profession. He is a graduate of the Ecole Polytechnique.

CEO Compensation
  • Jacques's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jacques's remuneration is higher than average for companies of similar size in France.
Management Team Tenure

Average tenure and age of the Getlink management team in years:

3.5
Average Tenure
57
Average Age
  • The tenure for the Getlink management team is about average.
Management Team

Jacques Gounon

TITLE
Chairman & CEO
COMPENSATION
€6M
AGE
66
TENURE
14.1 yrs

François Gauthey

TITLE
Chief Financial & Corporate Officer
COMPENSATION
€2M
AGE
56
TENURE
3.8 yrs

Claire Piccolin

TITLE
Company Secretary & Compliance Officer
AGE
57
TENURE
2.5 yrs

Anne-Laure Descleves

TITLE
Director of Group Communications
TENURE
4.1 yrs

Bertrand Gérard

TITLE
Human Resources Director & Chairman of CIFFCO
AGE
52
TENURE
0.3 yrs

Pascal Sainson

TITLE
COO of Europorte & Chairman of Europorte SAS
AGE
61

Michel Boudoussier

TITLE
Group Chief Corporate Officer
AGE
55

Philippe de Lagune

TITLE
Chief Operating Officer of Security
AGE
70
TENURE
3.5 yrs

John Smith

TITLE
Managing Director of GBRf
AGE
57

Laurent Fourtune

TITLE
Chief Operating Officer of Eurotonnel
AGE
49
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Getlink board of directors in years:

9.2
Average Tenure
74
Average Age
  • The tenure for the Getlink board of directors is about average.
Board of Directors

Pascal Sainson

TITLE
COO of Europorte & Chairman of Europorte SAS
AGE
61

Colette Neuville

TITLE
Senior Independent Director
COMPENSATION
€74K
AGE
82
TENURE
5.4 yrs

Jacques Gounon

TITLE
Chairman & CEO
COMPENSATION
€6M
AGE
66
TENURE
12.5 yrs

Jean-Pierre Trotignon

TITLE
Independent Director
COMPENSATION
€71K
AGE
69
TENURE
9.5 yrs

Colette Lewiner

TITLE
Independent Director
COMPENSATION
€62K
AGE
74
TENURE
8.5 yrs

Perrette Rey

TITLE
Independent Director
COMPENSATION
€74K
AGE
76
TENURE
6.3 yrs

Tim Yeo

TITLE
Independent Director
COMPENSATION
€54K
AGE
74
TENURE
12.1 yrs

Philippe Vasseur

TITLE
Independent Director
COMPENSATION
€54K
AGE
76
TENURE
12.1 yrs

Patricia Hewitt

TITLE
Independent Director
COMPENSATION
€61K
AGE
70
TENURE
9.2 yrs

Peter Levene

TITLE
Independent Director
COMPENSATION
€37K
AGE
77
TENURE
7.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Getlink's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Getlink has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GET News

Simply Wall St News

What Should Investors Know About Getlink SE's (EPA:GET) Capital Returns?

and want a simplistic look at the return on Getlink SE (EPA:GET) stock. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Thus, to understand how your money can grow by investing in Getlink, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

Why Getlink SE (EPA:GET) Delivered An Inferior ROE Compared To The Industry

Getlink SE (EPA:GET) delivered a less impressive 6.12% ROE over the past year, compared to the 12.05% return generated by its industry. … An investor may attribute an inferior ROE to a relatively inefficient performance, and whilst this can often be the case, knowing the nuts and bolts of the ROE calculation may change that perspective and give you a deeper insight into GET's past performance. … Metrics such as financial leverage can impact the level of ROE which in turn can affect the sustainability of GET's returns.

Simply Wall St -

Why Buying Getlink SE (EPA:GET) For Its 2.65% Dividend Could Be A Mistake

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Getlink SE (EPA:GET) has returned to shareholders over the past 9 years, an average dividend yield of 2.00% annually. … 5 checks you should use to assess a dividend stock

Simply Wall St -

Getlink SE (EPA:GET)'s Return on Capital

and looking to gauge the potential return on investment in Getlink SE (EPA:GET). … Therefore, looking at how efficiently Getlink is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

Simply Wall St -

Who Are The Major Shareholders In Getlink SE (EPA:GET)?

In this article, I'm going to take a look at Getlink SE’s (EPA:GET) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … Therefore, it is beneficial for us to examine GET's ownership structure in more detail.

Simply Wall St -

Does Getlink SE's (EPA:GET) PE Ratio Signal A Selling Opportunity?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between Getlink SE (EPA:GET)’s fundamentals and stock market performance. … Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind

Simply Wall St -

Interested In Getlink SE (ENXTPA:GET)? Here's How It Performed Recently

When Getlink SE (ENXTPA:GET) released its most recent earnings update (31 December 2017), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … GET's trailing twelve-month earnings (from 31 December 2017) of €107.82m has. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 29.52%, indicating the rate at which GET is growing has slowed down

Simply Wall St -

What Should You Know About Getlink SE's (ENXTPA:GET) Profit Margin?

As analysts forecast … Getlink SE (ENXTPA:GET) to … earnings growth of 25.41%

Simply Wall St -

Is It Time To Sell Getlink SE. (EPA:GET) Based Off Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for GET Price per share = €11.78 Earnings per share = €0.202 ∴ Price-Earnings Ratio = €11.78 ÷ €0.202 = 58.3x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you accidentally compared lower growth firms with GET, then GET’s P/E would naturally be higher since investors would reward GET’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with GET, GET’s P/E would again be higher since investors would reward GET’s lower risk with a higher price as well.

Simply Wall St -

What Is Driving Getlink SE.'s (EPA:GET) Margins In The Future?

Margin Calculation for GET Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 107.82 Million ÷ 1.03 Billion = 10.44% Getlink's margin has expanded in the past five years, due to 29.52% in average net income growth outstripping a 2.30% average growth in revenue, indicating that that the previous revenue growth has been acompanied by a growing portion translated in to earnings. … Using Getlink's margin expectations as a way to understand projections for the future Margins are expected to keep on expanding, with an expectation of 4.84% in annual revenue growth and annual net income growth forecasted at 22.94%. … This suggests future earnings growth is driven further by enhanced cost efficiency alongside revenue increases, which is enlarging the incremental amount of net income that is retained from the forecasted revenue growth.

Simply Wall St -

GET Company Info

Description

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 operates three tunnels, each approximately 50 kilometers under the English Channel, which run along with the Folkestone terminal in the United Kingdom and the Coquelles terminal in France. It also provides shuttle services for the transport of trucks, cars, motor homes, caravans, coaches, motorcycles, and trailers. In addition, this segment manages high-speed rail infrastructure and rail freight. The company’s Europorte Rail Freight segment offers a range of integrated rail freight services, including national and international haulage, local services for secondary lines, individual junction management, infrastructure maintenance, and wagon loading and unloading services. Its ElecLink segment focuses on the construction and operation of 1GW electricity interconnector between the United Kingdom and France. The company’s Getlink segment provides railway training services to rail operators, infrastructure managers, and others. Getlink SE also engages in the third party retail; telecommunication lines; and property businesses, as well as sells travel insurance products. The company was formerly known as Groupe Eurotunnel S.E. and changed its name to Getlink SE in April 2018. Getlink SE was incorporated in 2005 and is based in Paris, France.

Details
Name: Getlink SE
GET
Exchange: ENXTPA
Founded: 2005
€7,326,007,513
534,745,074
Website: http://www.getlinkgroup.com/uk/home
Address: Getlink SE
3, rue La Boétie,
Paris,
Ile-de-France, 75008,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA GET Ordinary Shares Euronext Paris FR EUR 02. Jul 2007
OTCPK GRPT.F Ordinary Shares Pink Sheets LLC US USD 02. Jul 2007
DB TNU3 Ordinary Shares Deutsche Boerse AG DE EUR 02. Jul 2007
LSE 0P72 Ordinary Shares London Stock Exchange GB EUR 02. Jul 2007
SWX GET Ordinary Shares SIX Swiss Exchange CH CHF 02. Jul 2007
BATS-CHIXE GETP Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jul 2007
OTCPK GRPT.Y UNSPONSORED ADR Pink Sheets LLC US USD 13. Dec 2012
Number of employees
Current staff
Staff numbers
3,406
Getlink employees.
Industry
Highways and Railtracks
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 21:13
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/07/11
Last earnings filing: 2019/03/18
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.