ENXTPA:STF

Stock Analysis Report

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Executive Summary

STEF SA provides temperature-controlled logistics and transport services for agrifood manufacturers and retailers, and out-of-home foodservices. More Details


Snowflake Analysis

Good value 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

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


Market Performance


7 Day Return

1.3%

STF

-2.8%

FR Transportation

-0.1%

FR Market


1 Year Return

-18.7%

STF

-39.5%

FR Transportation

-7.2%

FR Market

Return vs Industry: STF exceeded the French Transportation industry which returned -35.3% over the past year.

Return vs Market: STF underperformed the French Market which returned -5.7% over the past year.


Shareholder returns

STFIndustryMarket
7 Day1.3%-2.8%-0.1%
30 Day9.0%1.0%1.9%
90 Day-3.1%-2.2%2.0%
1 Year-18.7%-18.7%-36.7%-39.5%-5.1%-7.2%
3 Year-17.3%-21.6%-39.9%-46.2%9.1%-0.4%
5 Year35.9%21.7%-56.4%-60.3%41.4%22.3%

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?

38.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: STF (€73.1) is trading below our estimate of fair value (€118.2)

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


Price To Earnings Ratio

PE vs Industry: STF is poor value based on its PE Ratio (12x) compared to the XE Transportation industry average (10.7x).

PE vs Market: STF is good value based on its PE Ratio (12x) compared to the French market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: STF is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: STF is overvalued based on its PB Ratio (1.2x) compared to the FR Transportation industry average (1x).


Next Steps

Future Growth

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

18.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: STF's forecast earnings growth (18.4% per year) is above the savings rate (0.6%).

Earnings vs Market: STF's earnings (18.4% per year) are forecast to grow slower than the French market (24.7% per year).

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

Revenue vs Market: STF's revenue (3% per year) is forecast to grow slower than the French market (6.6% per year).

High Growth Revenue: STF's revenue (3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: STF's Return on Equity is forecast to be low in 3 years time (11%).


Next Steps

Past Performance

How has STEF performed over the past 5 years?

4.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: STF has high quality earnings.

Growing Profit Margin: STF's current net profit margins (2.3%) are lower than last year (3%).


Past Earnings Growth Analysis

Earnings Trend: STF's earnings have grown by 4.1% per year over the past 5 years.

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

Earnings vs Industry: STF had negative earnings growth (-25.6%) over the past year, making it difficult to compare to the Transportation industry average (-14.2%).


Return on Equity

High ROE: STF's Return on Equity (9.7%) is considered low.


Next Steps

Financial Health

How is STEF's financial position?


Financial Position Analysis

Short Term Liabilities: STF's short term assets (€777.3M) do not cover its short term liabilities (€1.1B).

Long Term Liabilities: STF's short term assets (€777.3M) exceed its long term liabilities (€728.4M).


Debt to Equity History and Analysis

Debt Level: STF's debt to equity ratio (101.5%) is considered high.

Reducing Debt: STF's debt to equity ratio has reduced from 127.8% to 101.5% over the past 5 years.

Debt Coverage: STF's debt is well covered by operating cash flow (27.5%).

Interest Coverage: STF's interest payments on its debt are well covered by EBIT (13.8x coverage).


Balance Sheet


Next Steps

Dividend

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

3.41%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate STF'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 STF's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of STF'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?

1.4yrs

Average management tenure


CEO

Stanislas Lemor

1.42yrs

Tenure

€450,113

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's total compensation ($USD532.17K) is about average for companies of similar size in the French market ($USD575.75K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Stanislas Lemor
CEO & Chairman1.42yrs€450.11kno data
Jean-Charles Fromage
Deputy Executive Officer15.58yrs€10.59kno data
Marc Vettard
Deputy Chief Executive Officer1.42yrs€361.61kno data
Ludovic Laporte
Financial Directorno datano datano data
Vincent Fromage
Director of Sales & Marketing Developmentno datano datano data
Jean-Yves Chameyrat
Director of Human Resources5.5yrsno datano data
Marc Reverchon
Chairman & MD of La Méridionaleno datano datano data
Bertrand Bompas
Deputy Chief Executive Officer of Franceno datano datano data
Christophe Gorin
Managing Director of Northern Europeno datano datano data
Marco Candiani
Managing Director of STEF Italyno datano datano data
Vincent Kirklar
Managing Director of Immostef & Real Estate Directorno datano datano data
Marie-Line Pesquidoux
Company Secretaryno datano datano data

1.4yrs

Average Tenure

Experienced Management: STF's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Stanislas Lemor
CEO & Chairman1.42yrs€450.11kno data
Jean-Charles Fromage
Deputy Executive Officer15.58yrs€10.59kno data
Marc Reverchon
Chairman & MD of La Méridionaleno datano datano data
Jean-Francois Laurain
Director4.67yrs€10.74kno data
Francis Lemor
Chairman Emeritus1.42yrs€151.30k0.49%
€ 4.4m
Murielle Lemoine
Independent Director9.33yrs€12.09kno data
Bernard Jolivet
Vice Chairmanno data€72.87kno data
Francois de Cosnac
Representative Director10.67yrs€9.11kno data
Lucie Maurel-Aubert
Independent Director3.67yrs€4.66kno data
Dorothee Pineau
Independent Director4.33yrs€6.21kno data
Clarisse Kopff
Representative Director23.67yrsno datano data
Estelle Hensgen-Stoller
Director7.33yrs€72.30kno data

6.0yrs

Average Tenure

58yo

Average Age

Experienced Board: STF's board of directors are considered experienced (6 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

STEF SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: STEF SA
  • Ticker: STF
  • Exchange: ENXTPA
  • Founded: 1920
  • Industry: Trucking
  • Sector: Transportation
  • Market Cap: €893.851m
  • Shares outstanding: 12.36m
  • Website: https://www.stef.com

Number of Employees


Location

  • STEF SA
  • 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 SA provides temperature-controlled logistics and transport services for agrifood manufacturers and retailers, and out-of-home foodservices. It transports fresh, frozen, and thermosensitive products, a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/19 02:56
End of Day Share Price2020/09/18 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.