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Société Marseillaise du Tunnel Prado Carénage

Market Cap

€133.7m

Last Updated

2021/05/10 19:55 UTC

Data Sources

Company Financials +

Executive Summary

Société Marseillaise du Tunnel Prado Carénage constructs and operates tunnels in France. More Details


Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

How has Société Marseillaise du Tunnel Prado Carénage's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SMTPC is more volatile than 90% of French stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: SMTPC's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of French stocks.


Market Performance


7 Day Return

0.4%

SMTPC

2.9%

FR Infrastructure

0.6%

FR Market


1 Year Return

27.9%

SMTPC

34.2%

FR Infrastructure

43.0%

FR Market

Return vs Industry: SMTPC underperformed the French Infrastructure industry which returned 33.1% over the past year.

Return vs Market: SMTPC underperformed the French Market which returned 42% over the past year.


Shareholder returns

SMTPCIndustryMarket
7 Day0.4%2.9%0.6%
30 Day0.4%7.1%3.4%
90 Day44.9%6.5%11.3%
1 Year27.9%27.9%34.2%34.2%46.4%43.0%
3 Year9.1%-0.7%-21.1%-24.6%28.7%18.3%
5 Year-8.5%-28.2%20.4%9.9%86.7%60.1%

Long-Term Price Volatility Vs. Market

How volatile is Société Marseillaise du Tunnel Prado Carénage's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Société Marseillaise du Tunnel Prado Carénage undervalued compared to its fair value and its price relative to the market?

33.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SMTPC (€22.9) is trading below our estimate of fair value (€34.27)

Significantly Below Fair Value: SMTPC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SMTPC is poor value based on its PE Ratio (19.3x) compared to the XE Infrastructure industry average (18.8x).

PE vs Market: SMTPC is good value based on its PE Ratio (19.3x) compared to the French market (23.8x).


Price to Earnings Growth Ratio

PEG Ratio: SMTPC is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: SMTPC's PB Ratio (1.8x) is in line with the FR Infrastructure industry average.


Future Growth

How is Société Marseillaise du Tunnel Prado Carénage forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

15.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SMTPC's forecast earnings growth (15.7% per year) is above the savings rate (0.4%).

Earnings vs Market: SMTPC's earnings (15.7% per year) are forecast to grow slower than the French market (19.6% per year).

High Growth Earnings: SMTPC's earnings are forecast to grow, but not significantly.

Revenue vs Market: SMTPC's revenue (8.1% per year) is forecast to grow faster than the French market (6.8% per year).

High Growth Revenue: SMTPC's revenue (8.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SMTPC's Return on Equity is forecast to be low in 3 years time (13.9%).


Past Performance

How has Société Marseillaise du Tunnel Prado Carénage performed over the past 5 years?

-9.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SMTPC has high quality earnings.

Growing Profit Margin: SMTPC's current net profit margins (24.8%) are lower than last year (33.9%).


Past Earnings Growth Analysis

Earnings Trend: SMTPC's earnings have declined by 9.7% per year over the past 5 years.

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

Earnings vs Industry: SMTPC had negative earnings growth (-42.3%) over the past year, making it difficult to compare to the Infrastructure industry average (-24.3%).


Return on Equity

High ROE: SMTPC's Return on Equity (9.5%) is considered low.


Financial Health

How is Société Marseillaise du Tunnel Prado Carénage's financial position?


Financial Position Analysis

Short Term Liabilities: SMTPC's short term assets (€43.8M) exceed its short term liabilities (€4.5M).

Long Term Liabilities: SMTPC's short term assets (€43.8M) do not cover its long term liabilities (€54.6M).


Debt to Equity History and Analysis

Debt Level: SMTPC's debt to equity ratio (70.4%) is considered high.

Reducing Debt: SMTPC's debt to equity ratio has increased from 45.4% to 70.4% over the past 5 years.

Debt Coverage: SMTPC's debt is well covered by operating cash flow (46.2%).

Interest Coverage: SMTPC's interest payments on its debt are well covered by EBIT (21.8x coverage).


Balance Sheet


Dividend

What is Société Marseillaise du Tunnel Prado Carénage current dividend yield, its reliability and sustainability?

8.30%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 11 2021Ex Dividend DateJun 01 2021Dividend Pay DateJun 03 20212 days from Ex DividendBuy in the next 21 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: SMTPC's dividend (8.3%) is higher than the bottom 25% of dividend payers in the French market (1.3%).

High Dividend: SMTPC's dividend (8.3%) is in the top 25% of dividend payers in the French market (3.98%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (160.4%), SMTPC's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SMTPC's dividends in 3 years are not forecast to be well covered by earnings (116.3% payout ratio).


Next Steps

Management

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

2.8yrs

Average board tenure


CEO

Cecile Cambier

6.67yrs

Tenure

€310,285

Compensation

Ms. Cecile Cambier serves as Chief Executive Officer at Société Marseillaise du Tunnel Prado Carénage since September 8, 2014 and served as its Managing Director.


CEO Compensation Analysis

Compensation vs Market: Cecile's total compensation ($USD377.34K) is about average for companies of similar size in the French market ($USD489.05K).

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


Board Members

Experienced Board: SMTPC's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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

Société Marseillaise du Tunnel Prado Carénage's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Société Marseillaise du Tunnel Prado Carénage
  • Ticker: SMTPC
  • Exchange: ENXTPA
  • Founded: 1989
  • Industry: Highways and Railtracks
  • Sector: Transportation
  • Market Cap: €133.679m
  • Shares outstanding: 5.84m
  • Website: https://www.tunnelprado.com

Number of Employees


Location

  • Société Marseillaise du Tunnel Prado Carénage
  • 3, Avenue Arthur Scott
  • Marseille
  • Provence-Alpes-Côte d'Azur
  • 13010
  • France

Listings


Biography

Société Marseillaise du Tunnel Prado Carénage constructs and operates tunnels in France. It operates the Prado Carénage tunnel, a 2.5 kilometer tunnel that provides access to the southern districts of the ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/10 19:55
End of Day Share Price2021/05/10 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.