Société Marseillaise du Tunnel Prado Carénage constructs and operates tunnels in France.
Flawless balance sheet, undervalued and pays a dividend.
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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: SMTPC exceeded the French Infrastructure industry which returned 2.5% over the past year.
Return vs Market: SMTPC matched the French Market which returned 10.5% over the past year.
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
5 days ago | Simply Wall StWhy You Should Like Société Marseillaise du Tunnel Prado Carénage’s (EPA:SMTPC) ROCE
3 weeks ago | Simply Wall StCan Société Marseillaise du Tunnel Prado Carénage (EPA:SMTPC) Maintain Its Strong Returns?
1 month ago | Simply Wall StDoes Société Marseillaise du Tunnel Prado Carénage's (EPA:SMTPC) CEO Pay Compare Well With Peers?
Is Société Marseillaise du Tunnel Prado Carénage undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SMTPC (€21.7) is trading below our estimate of fair value (€56.12)
Significantly Below Fair Value: SMTPC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SMTPC is good value based on its PE Ratio (10.5x) compared to the Infrastructure industry average (15.6x).
PE vs Market: SMTPC is good value based on its PE Ratio (10.5x) compared to the French market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: SMTPC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: SMTPC is good value based on its PB Ratio (2.1x) compared to the FR Infrastructure industry average (2.1x).
How is Société Marseillaise du Tunnel Prado Carénage forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SMTPC's earnings are forecast to decline over the next 3 years (-6.9% per year).
Earnings vs Market: SMTPC's earnings are forecast to decline over the next 3 years (-6.9% per year).
High Growth Earnings: SMTPC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SMTPC's revenue (1.8% per year) is forecast to grow slower than the French market (4.6% per year).
High Growth Revenue: SMTPC's revenue (1.8% 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 (15.8%).
How has Société Marseillaise du Tunnel Prado Carénage performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SMTPC has high quality earnings.
Growing Profit Margin: SMTPC's current net profit margins (33.6%) are lower than last year (38.9%).
Past Earnings Growth Analysis
Earnings Trend: SMTPC's earnings have grown by 2.6% 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 (-21.8%) over the past year, making it difficult to compare to the Infrastructure industry average (10.8%).
Return on Equity
High ROE: SMTPC's Return on Equity (20.2%) is considered high.
Return on Assets
Return on Capital Employed
How is Société Marseillaise du Tunnel Prado Carénage's financial position?
Financial Position Analysis
Short Term Liabilities: SMTPC's short term assets (€31.8M) exceed its short term liabilities (€4.4M).
Long Term Liabilities: SMTPC's short term assets (€31.8M) exceed its long term liabilities (€3.5M).
Debt to Equity History and Analysis
Debt Level: SMTPC is debt free.
Reducing Debt: SMTPC has no debt compared to 5 years ago when its debt to equity ratio was 71.1%.
Debt Coverage: SMTPC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: SMTPC has no debt, therefore coverage of interest payments is not a concern.
Inventory Level: SMTPC has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if SMTPC's debt is covered by short term assets.
What is Société Marseillaise du Tunnel Prado Carénage's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: SMTPC's dividend (8.76%) is higher than the bottom 25% of dividend payers in the French market (1.6%).
High Dividend: SMTPC's dividend (8.76%) is in the top 25% of dividend payers in the French market (4.68%)
Stability and Growth of Payments
Stable Dividend: SMTPC's dividends per share have been stable 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 (92%), 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 (108.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Cecile Cambier 0
Ms. Cecile Cambier serves as Chief Executive Officer at Société Marseillaise du Tunnel Prado Carénage and served as its Managing Director.
CEO Compensation Analysis
Compensation vs Market: Cecile's total compensation ($USD369.26K) is about average for companies of similar size in the French market ($USD312.60K).
Compensation vs Earnings: Cecile's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Honorary Chairman||0yrs||no data||no data|
|Honorary President||0yrs||€54.27k||no data|
|Chairman of the Board of Directors||2yrs||€29.40k||no data|
Experienced Board: SMTPC's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Société Marseillaise du Tunnel Prado Carénage's company bio, employee growth, exchange listings and data sources
- Name: Société Marseillaise du Tunnel Prado Carénage
- Ticker: SMTPC
- Exchange: ENXTPA
- Founded: 1989
- Industry: Highways and Railtracks
- Sector: Transportation
- Market Cap: €126.674m
- Shares outstanding: 5.84m
- Website: https://www.tunnelprado.com
Number of Employees
- Société Marseillaise du Tunnel Prado Carénage
- 3, Avenue Arthur Scott
- Provence-Alpes-Côte d'Azur
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SMTPC||ENXTPA (Euronext Paris)||Yes||Ordinary Shares||FR||EUR||Jul 2004|
|0G2C||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jul 2004|
|SMTPCP||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jul 2004|
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 city of Marseilles, as well as to the Vieux port; Rège tunnel, an access point, which passes the 26th Centenary Park and connects the Prado/Rouet districts to those of Menpenti/la Capelette; and South Prado tunnel. The company was founded in 1989 and is based in Marseille, France.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/25 21:13|
|End of Day Share Price||2020/02/25 00:00|
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.