ENXTPA:STF

Stock Analysis Report

Executive Summary

STEF S.A. provides controlled-temperature road transport and logistics services.

Snowflake

Fundamentals

Established dividend payer with adequate balance sheet.


Similar Companies

Share Price & News

How has STEF's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.4%

STF

1.4%

FR Transportation

1.6%

FR Market


1 Year Return

-4.4%

STF

-12.9%

FR Transportation

9.6%

FR Market

Return vs Industry: STF exceeded the French Transportation industry which returned -12.9% over the past year.

Return vs Market: STF underperformed the French Market which returned 9.6% over the past year.


Shareholder returns

STFIndustryMarket
7 Day-0.4%1.4%1.6%
30 Day-6.3%-5.4%0.6%
90 Day6.7%-0.06%0.6%
1 Year-1.5%-4.4%-9.3%-12.9%13.4%9.6%
3 Year27.6%17.8%37.4%22.3%42.9%29.1%
5 Year110.1%82.8%63.7%35.8%71.1%45.2%

Price Volatility Vs. Market

How volatile is STEF's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is STEF undervalued compared to its fair value and its price relative to the market?

10.25x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: STF (€84.1) is trading above our estimate of fair value (€67.12)

Significantly Undervalued: STF is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: STF is good value based on its PE Ratio (10.2x) compared to the Transportation industry average (10.3x).

PE vs Market: STF is good value based on its PE Ratio (10.2x) compared to the French market (17.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: STF is poor value based on its PEG Ratio (3.2x)


Price to Book Ratio

PB vs Industry: STF is overvalued based on its PB Ratio (1.5x) compared to the FR Transportation industry average (1.4x).


Next Steps

Future Growth

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

3.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: STF's forecast earnings growth (3.2% per year) is above the savings rate (0.7%).

Earnings vs Market: STF's earnings (3.2% per year) are forecast to grow slower than the French market (11.4% per year).

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

Revenue vs Market: STF's revenue (2.8% per year) is forecast to grow slower than the French market (4.5% per year).

High Growth Revenue: STF's revenue (2.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: STF's Return on Equity is forecast to be low in 3 years time (12.5%).


Next Steps

Past Performance

How has STEF performed over the past 5 years?

10.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: STF's earnings have grown by 10.2% per year over the past 5 years.

Accelerating Growth: STF's earnings growth over the past year (5.4%) is below its 5-year average (10.2% per year).

Earnings vs Industry: STF earnings growth over the past year (5.4%) exceeded the Transportation industry -0.8%.


Return on Equity

High ROE: STF's Return on Equity (14.4%) is considered low.


Return on Assets

ROA vs Industry: STF has a higher Return on Assets than the Transportation industry average last year.


Return on Capital Employed

ROCE Improving: STF's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is STEF's financial position?


Financial Position Analysis

Short Term Liabilities: STF's short term assets (€781.4M) do not cover its short term liabilities (€1.2B)

Long Term Liabilities: STF's short term assets (781.4M) exceeds its long term liabilities (562.5M)


Debt to Equity History and Analysis

Debt Level: STF's debt to equity ratio (103.3%) is considered high

Reducing Debt: STF's debt to equity ratio has reduced from 121.1% to 103.3% over the past 5 years.

Debt Coverage: STF's debt is well covered by operating cash flow (35%).

Interest Coverage: STF's interest payments on its debt are well covered by EBIT (16.8x coverage).


Balance Sheet

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

Debt Coverage by Assets: STF's debt is covered by short term assets (assets are 1.079310x debt).


Next Steps

Dividend

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

2.97%

Current Dividend Yield


Dividend Yield vs Market

company3.0%marketbottom25%1.5%markettop25%4.6%industryaverage4.1%forecastin3Years3.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: STF's dividend (2.97%) is higher than the bottom 25% of dividend payers in the French market (1.53%).

High Dividend: STF's dividend (2.97%) is low compared to the top 25% of dividend payers in the French market (4.64%).

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.5%), STF's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: STF's dividends in 3 years are forecast to be well covered by earnings (32.7% payout ratio).


Next Steps

Management

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

0.5yrs

Average management tenure


CEO

Stanislas Lemor 0

0.5yrs

Tenure

€388,116

Compensation

Mr. Stanislas Lemor has been Chairman and Chief Executive Officer at STEF S.A. since April 30, 2019. Mr. Lemor served as Chief Financial Officer, Deputy Chief Executive Officer, and Financial Director at S ...


CEO Compensation Analysis

Compensation vs. Market: Stanislas has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the French market.

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


Management Age and Tenure

0.5yrs

Average Tenure

Experienced Management: STF's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Age and Tenure

7.4yrs

Average Tenure

Experienced Board: STF's board of directors are considered experienced (7.4 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

  • Jean-Charles Fromage

    Deputy Executive Officer

    • Tenure: 14.7yrs
    • Compensation: €37.80k
  • Stanislas Lemor

    CEO & Chairman

    • Tenure: 0.5yrs
    • Compensation: €388.12k
  • Bertrand Bompas

    Deputy Chief Executive Officer of France

    • Tenure: 0yrs
  • Jean-Yves Chameyrat

    Director of Human Resources

    • Tenure: 4.6yrs
  • Angel Lecanda

    Managing Director of STEF Iberia

    • Tenure: 0yrs
  • Marc Vettard

    Deputy Chief Executive Officer

    • Tenure: 0.5yrs
  • Marco Candiani

    Managing Director of STEF Italy

    • Tenure: 0yrs
  • Vincent Kirklar

    Managing Director of Immostef & Real Estate Director

    • Tenure: 0yrs
  • Vincent Fromage

    Director of Commerce & Marketing

    • Tenure: 0yrs
  • Ludovic Laporte

    Financial Director of STEF Group

    • Tenure: 0.3yrs

Board Members

  • Emmanuel Hau

    Independent Director

    • Tenure: 12.8yrs
    • Compensation: €12.83k
  • Francis Lemor

    Chairman Emeritus

    • Tenure: 0.5yrs
    • Compensation: €266.78k
  • Murielle Lemoine

    Independent Director

    • Tenure: 8.4yrs
    • Compensation: €13.31k
  • Bernard Jolivet

    Vice Chairman

    • Tenure: 0yrs
    • Compensation: €69.89k
  • Jean-Charles Fromage

    Deputy Executive Officer

    • Tenure: 14.7yrs
    • Compensation: €37.80k
  • François de Cosnac

    Representative Director

    • Tenure: 9.8yrs
    • Compensation: €9.59k
  • Stanislas Lemor

    CEO & Chairman

    • Tenure: 0.5yrs
    • Compensation: €388.12k
  • Marc Reverchon

    Chairman & MD of La Méridionale

    • Tenure: 0yrs
  • Estelle Hensgen-Stoller

    Director

    • Tenure: 6.4yrs
    • Compensation: €67.35k
  • Elisabeth Ducottet

    Independent Director

    • Tenure: 5.8yrs
    • Compensation: €2.68k

Company Information

STEF S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: STEF S.A.
  • Ticker: STF
  • Exchange: ENXTPA
  • Founded: 1920
  • Industry: Trucking
  • Sector: Transportation
  • Market Cap: €1.037b
  • Shares outstanding: 12.33m
  • Website: https://www.stef.com

Number of Employees


Location

  • STEF S.A.
  • 93 Boulevard Malesherbes
  • Paris
  • Ile-de-France
  • 75008
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
STFENXTPA (Euronext Paris)YesOrdinary SharesFREURJun 1998
0NY3LSE (London Stock Exchange)YesOrdinary SharesGBEURJun 1998
STFPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJun 1998

Biography

STEF S.A. provides controlled-temperature road transport and logistics services. It transports fresh and frozen foods, and seafood products for agrifood industries and mass-market retailers; and offers log ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 21:01
End of Day Share Price2019/10/18 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.