ENXTPA:TOUP

Stock Analysis Report

Executive Summary

Touax SCA engages in the operational leasing, sale, and management of mobile standardized equipment worldwide.


Snowflake Analysis

Fair value with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: TOUP's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

24.6%

TOUP

3.2%

FR Infrastructure

7.1%

FR Market


1 Year Return

-16.3%

TOUP

-35.3%

FR Infrastructure

-17.6%

FR Market

Return vs Industry: TOUP exceeded the French Infrastructure industry which returned -29.5% over the past year.

Return vs Market: TOUP underperformed the French Market which returned -12.9% over the past year.


Shareholder returns

TOUPIndustryMarket
7 Day24.6%3.2%7.1%
30 Day-11.3%-32.5%-22.3%
90 Day-28.4%-39.4%-25.9%
1 Year-16.3%-16.3%-33.7%-35.3%-14.8%-17.6%
3 Year-67.0%-67.0%1.1%-5.5%0.07%-9.2%
5 Year-75.3%-75.3%-5.2%-15.4%9.7%-5.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TOUP (€3.75) is trading below our estimate of fair value (€17.26)

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


Price To Earnings Ratio

PE vs Industry: TOUP is unprofitable, so we can't compare its PE Ratio to the Infrastructure industry average.

PE vs Market: TOUP is unprofitable, so we can't compare its PE Ratio to the French market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TOUP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TOUP is good value based on its PB Ratio (0.3x) compared to the FR Infrastructure industry average (1.7x).


Next Steps

Future Growth

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

134.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TOUP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.1%).

Earnings vs Market: TOUP is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TOUP's is expected to become profitable in the next 3 years.

Revenue vs Market: TOUP's revenue is expected to decline over the next 3 years (-3.5% per year).

High Growth Revenue: TOUP's revenue is forecast to decline over the next 3 years (-3.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TOUP's Return on Equity is forecast to be low in 3 years time (5.8%).


Next Steps

Past Performance

How has Touax performed over the past 5 years?

40.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TOUP is currently unprofitable.

Growing Profit Margin: TOUP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TOUP is unprofitable, but has reduced losses over the past 5 years at a rate of 40.7% per year.

Accelerating Growth: Unable to compare TOUP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TOUP is unprofitable, making it difficult to compare its past year earnings growth to the Infrastructure industry (9.2%).


Return on Equity

High ROE: TOUP has a negative Return on Equity (-1.58%), as it is currently unprofitable.


Next Steps

Financial Health

How is Touax's financial position?


Financial Position Analysis

Short Term Liabilities: TOUP's short term assets (€141.2M) do not cover its short term liabilities (€207.2M).

Long Term Liabilities: TOUP's short term assets (€141.2M) exceed its long term liabilities (€137.3M).


Debt to Equity History and Analysis

Debt Level: TOUP's debt to equity ratio (200.8%) is considered high.

Reducing Debt: TOUP's debt to equity ratio has increased from 199.9% to 200.8% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: TOUP's debt is not covered by short term assets (assets are 0.6x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: TOUP has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if TOUP has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

22.2yrs

Average management tenure


CEO

Thierry de La Brélie

15s

Tenure

Thierry Schmidt De La Brelie has been a Managing Director and Finance Director at Touax SA since March 2005 and served as its Director of Administration and Accounting. 


Leadership Team

NamePositionTenureCompensationOwnership
Fabrice Walewski
Managing Partner & Member of Management Board 25.75yrs€544.20k10.45% 2.7m
Raphaël Walewski
Managing Partner & Member of Management Board 25.75yrs€521.00k9.38% 2.5m
Thierry de La Brélie
MD & Finance Director15yrsno datano data
Stephen Ponak
Managing Director of Asset Management 22.17yrsno datano data
Richard Barreau
Managing Director of Shipping Container & River Barges Divisions 5.75yrsno datano data

22.2yrs

Average Tenure

53yo

Average Age

Experienced Management: TOUP's management team is seasoned and experienced (22.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Alexandre Walewski
Chairman of the Supervisory Board14.5yrs€209.80k11.64% 3.1m
Sylvie Perrin
Member of the Supervisory Board3.75yrs€8.60k0.0071% 1.9k
Jérôme Bethbeze
Member of the Supervisory Board14.75yrs€11.90k0.0060% 1.6k
François de Brugiere
Member of the Supervisory Board11.75yrs€8.60k0.0060% 1.6k
Marie FILIPPI
Member of the Supervisory Board3.75yrs€8.60k0.014% 3.8k
Julie de Germay
Member of the Supervisory Board2.75yrs€8.60k0.0036% 936.9

7.8yrs

Average Tenure

55.5yo

Average Age

Experienced Board: TOUP's board of directors are considered experienced (7.8 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

Touax SCA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Touax SCA
  • Ticker: TOUP
  • Exchange: ENXTPA
  • Founded: 1853
  • Industry: Marine Ports and Services
  • Sector: Transportation
  • Market Cap: €26.244m
  • Shares outstanding: 7.00m
  • Website: https://www.touax.com

Number of Employees


Location

  • Touax SCA
  • Tour Franklin
  • 23rd Floor
  • La Défense
  • Ile-de-France
  • 92042
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TOUPENXTPA (Euronext Paris)YesOrdinary SharesFREURJan 1992
0IXNLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
TOUACENXTPA (Euronext Paris)7.95%-FRN SUB PERP EUR25000FREURNov 2013

Biography

Touax SCA engages in the operational leasing, sale, and management of mobile standardized equipment worldwide. The company operates through Freight Railcars, River Barges, and Shipping Containers divisions. The company offers freight railcars, including intermodal railcars, car-carrier railcars, coil carriers, palletized cargo railcars, and hopper railcars and powder railcars for transporting heavy goods, such as cement, cereals, etc. It is also involved in the operational and financial leasing of barges; trading of barges and push tugs; fleet management; sale and lease back of river fleets; technical design and monitoring of construction; provision of advisory, assistance, and technical expertise related to river transport; and management of river transport certificates and administrative documents, as well as provides insurance products. It leases modular building for various purposes, such as construction site offices, classrooms, temporary and permanent office spaces, sales offices, utility sheds, and social and emergency accommodation. As of December 31, 2017, the company owned and managed a fleet of 475,400 twenty-foot equivalent unit containers, primarily dry vans; a fleet of 119 river barges; and a fleet of approximately 10,840 freight railcars. Touax SCA was founded in 1853 and is headquartered in La Défense, France. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/28 20:56
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
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.