ENXTPA:GET

Stock Analysis Report

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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 Analysis

Reasonable growth potential with worrying balance sheet.


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

Stable Share Price: GET has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.6%

GET

4.4%

FR Infrastructure

1.8%

FR Market


1 Year Return

0.9%

GET

-30.8%

FR Infrastructure

-4.8%

FR Market

Return vs Industry: GET exceeded the French Infrastructure industry which returned -30.8% over the past year.

Return vs Market: GET exceeded the French Market which returned -4.8% over the past year.


Shareholder returns

GETIndustryMarket
7 Day3.6%4.4%1.8%
30 Day-0.7%-4.7%-1.3%
90 Day15.7%8.9%7.1%
1 Year0.9%0.9%-30.6%-30.8%-2.8%-4.8%
3 Year46.1%38.7%-15.7%-19.7%10.7%1.2%
5 Year13.3%2.9%-3.4%-12.3%24.7%7.5%

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?

234.72x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GET (€13.19) is trading above our estimate of fair value (€11.58)

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 (234.7x) compared to the XE Infrastructure industry average (13.6x).

PE vs Market: GET is poor value based on its PE Ratio (234.7x) compared to the French market (16.2x).


Price to Earnings Growth Ratio

PEG Ratio: GET is poor value based on its PEG Ratio (2.4x)


Price to Book Ratio

PB vs Industry: GET is overvalued based on its PB Ratio (5.2x) 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 11 analysts?

98.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GET's forecast earnings growth (98.2% per year) is above the savings rate (0.6%).

Earnings vs Market: GET's earnings (98.2% per year) are forecast to grow faster than the French market (23.2% per year).

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

Revenue vs Market: GET's revenue (15.2% per year) is forecast to grow faster than the French market (6.2% per year).

High Growth Revenue: GET's revenue (15.2% 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 (12.9%).


Next Steps

Past Performance

How has Getlink performed over the past 5 years?

-0.07%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GET has a large one-off gain of €30.7M impacting its June 30 2020 financial results.

Growing Profit Margin: GET's current net profit margins (3.2%) are lower than last year (12.1%).


Past Earnings Growth Analysis

Earnings Trend: GET's earnings have declined by 0.07% per year over the past 5 years.

Accelerating Growth: GET's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GET had negative earnings growth (-77.2%) over the past year, making it difficult to compare to the Infrastructure industry average (-28.8%).


Return on Equity

High ROE: GET's Return on Equity (2.2%) is considered low.


Next Steps

Financial Health

How is Getlink's financial position?


Financial Position Analysis

Short Term Liabilities: GET's short term assets (€666.8M) exceed its short term liabilities (€344.0M).

Long Term Liabilities: GET's short term assets (€666.8M) do not cover its long term liabilities (€6.2B).


Debt to Equity History and Analysis

Debt Level: GET's debt to equity ratio (441.1%) is considered high.

Reducing Debt: GET's debt to equity ratio has increased from 331.6% to 441.1% over the past 5 years.

Debt Coverage: GET's debt is not well covered by operating cash flow (7.8%).

Interest Coverage: GET's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet


Next Steps

Dividend

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

2.46%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate GET's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GET's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GET's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GET's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: GET is not paying a notable dividend for the French market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GET's dividend in 3 years as they are not forecast to pay a notable one for the French market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.6yrs

Average management tenure


CEO

Yann Leriche (47 yo)

0.083

Tenure

Mr. Yann Leriche has been Chief Executive Officer of Getlink S.E. since July 1, 2020. Mr. Leriche served as the Chief Performance Officer of Transdev S.A. since 2014 and served as its Performance Director. ...


Leadership Team

NamePositionTenureCompensationOwnership
François Gauthey
Chief Operating Officerno data€1.92mno data
Yann Leriche
Chief Executive Officer0.083yrno datano data
Claire Piccolin
Company Secretary & Compliance Officer3.58yrsno datano data
Anne-Laure Descleves
Director of Group Communications5.17yrsno datano data
Bertrand Gérard
Human Resources Director & Chairman of CIFFCO1.33yrsno datano data
Pascal Sainson
COO of Europorte & Chairman of Europorte SASno datano datano data
Michel Boudoussier
Group Chief Corporate Officerno datano datano data
Philippe de Lagune
Chief Operating Officer of Security4.58yrsno datano data
John Smith
Managing Director of GBRfno datano datano data
Laurent Fourtune
Chief Operating Officer of Eurotonnel2.42yrsno datano data
Frédéric Riga
Chief Digital Officer1.92yrsno datano data
Steven Moore
Chief Executive Officer of Eleclink2.75yrsno datano data

2.6yrs

Average Tenure

56yo

Average Age

Experienced Management: GET's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Pascal Sainson
COO of Europorte & Chairman of Europorte SASno datano datano data
Jacques Gounon
Non-Executive Chairman13.58yrs€2.83m0.042%
€ 3.0m
Timothy Stephen Yeo
Director13.17yrs€52.50k0.0013%
€ 92.3k
Philippe Vasseur
Independent Director0.58yr€48.25k0.00093%
€ 66.0k
Peter Keith Levene
Independent Director8.5yrs€44.95k0.0019%
€ 132.8k
Colette Lewiner
Independent Director9.25yrs€54.50k0.00093%
€ 66.0k
Jean-Pierre Trotignon
Independent Director10.25yrs€60.90k0.0011%
€ 80.2k
Bertrand Badré
Independent Director2.67yrs€41.65k0.00056%
€ 39.8k
Patricia Hewitt
Independent Director10.25yrs€50.50k0.00093%
€ 66.0k
Perrette Rey
Independent Director7.42yrs€63.00k0.00093%
€ 66.0k
Corinne Bach
Independent Non-Executive Director3.67yrs€45.25k0.00093%
€ 66.0k
Elisabetta De Bernardi di Valserra
Director2.33yrs€39.50k0.00037%
€ 26.3k

8.5yrs

Average Tenure

70.5yo

Average Age

Experienced Board: GET's board of directors are considered experienced (8.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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 not been meaningfully diluted in the past year.


Top Shareholders

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: €7.101b
  • Shares outstanding: 538.37m
  • Website: https://www.getlinkgroup.com/uk/home

Number of Employees


Location

  • Getlink SE
  • 3, rue La BoEtie
  • 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 Analysis2020/08/08 22:04
End of Day Share Price2020/08/07 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.