ENXTPA:EDF

Stock Analysis Report

Electricité de France

Executive Summary

Electricité de France S.A., an integrated energy company, engages in the generation, transmission, distribution, supply, and trading of power and energy services in France, the United Kingdom, Italy, and internationally.

Snowflake

Fundamentals

Good value with adequate balance sheet.


Similar Companies

Share Price & News

How has Electricité de France's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.2%

ENXTPA:EDF

-0.6%

FR Electric Utilities

0.7%

FR Market


1 Year Return

-25.8%

ENXTPA:EDF

17.1%

FR Electric Utilities

-2.4%

FR Market

EDF underperformed the Electric Utilities industry which returned 17.1% over the past year.

EDF underperformed the Market in France which returned -2.4% over the past year.


Share holder returns

EDFIndustryMarket
7 Day-1.2%-0.6%0.7%
30 Day-7.7%0.9%-4.4%
90 Day-14.8%3.9%0.2%
1 Year-24.1%-25.8%21.7%17.1%1.0%-2.4%
3 Year15.9%-7.7%56.1%35.5%39.1%25.6%
5 Year-39.2%-57.9%41.0%5.1%53.7%30.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Electricité de France undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Electricité de France's share price is below the future cash flow value, and at a moderate discount (> 20%).

Electricité de France's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Electricité de France is overvalued based on earnings compared to the Europe Electric Utilities industry average.

Electricité de France is good value based on earnings compared to the France market.


Price Based on Expected Growth

Electricité de France is poor value based on expected growth next year.


Price Based on Value of Assets

Electricité de France is good value based on assets compared to the Europe Electric Utilities industry average.


Next Steps

Future Growth

How is Electricité de France expected to perform in the next 1 to 3 years based on estimates from 16 analysts?

13.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Electricité de France's revenue is expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).

Electricité de France's earnings are expected to grow by 13.8% yearly, however this is not considered high growth (20% yearly).

Electricité de France's revenue growth is positive but not above the France market average.

Electricité de France's earnings growth is expected to exceed the France market average.

Electricité de France's earnings growth is expected to exceed the low risk savings rate of 0.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Electricité de France is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Electricité de France performed over the past 5 years?

-12.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Electricité de France's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Electricité de France's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Electricité de France's 1-year earnings growth is negative, it can't be compared to the Europe Electric Utilities industry average.


Return on Equity

Electricité de France has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Electricité de France used its assets less efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.


Return on Capital Employed

Electricité de France's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Electricité de France's financial position?


Financial Position Analysis

Electricité de France is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Electricité de France's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Electricité de France's level of debt (110%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (122.7% vs 110% today).

Debt is well covered by operating cash flow (22%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 5.7x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.2x debt.


Next Steps

Dividend

What is Electricité de France's current dividend yield, its reliability and sustainability?

3.91%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Electricité de France's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.56%).

Electricité de France's dividend is below the markets top 25% of dividend payers in France (4.51%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.9x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).


Next Steps

Management

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

4.4yrs

Average management tenure


CEO

Jean-Bernard Lévy (64yo)

4.8yrs

Tenure

€452,868

Compensation

Mr. Jean-Bernard Lévy has been the Chief Executive Officer of Electricité de France S.A. since November 27, 2014 and served as its President. Mr. Lévy served as the Chairman and Chief Executive Officer of  ...


CEO Compensation Analysis

Jean-Bernard's remuneration is lower than average for companies of similar size in France.

Jean-Bernard's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.4yrs

Average Tenure

55yo

Average Age

The tenure for the Electricité de France management team is about average.


Board Age and Tenure

5.0yrs

Average Tenure

59yo

Average Age

The tenure for the Electricité de France board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Jean-Bernard Lévy (64yo)

    Chairman & CEO

    • Tenure: 4.8yrs
    • Compensation: €452.87k
  • Pierre Todorov (61yo)

    Group Senior Executive VP & Group General Secretary

    • Tenure: 4.5yrs
  • Claude Nahon

    Executive Vice President of Sustainable Development

    • Tenure: 0.0yrs
  • Marianne Laigneau (55yo)

    Group Senior Executive Vice President of International Division

    • Tenure: 12.2yrs
  • Stephane Tortajada

    Head of Financing and Investments

    • Tenure: 0.0yrs
  • Simone Rossi (50yo)

    Group Senior Executive Vice-President

    • Tenure: 4.4yrs
  • Xavier Girre (50yo)

    Group Senior Executive Vice President of Group Finance

    • Tenure: 3.4yrs
  • Xavier Ursat (52yo)

    Group Senior Executive Vice President of New Nuclear Projects & Engineering

    • Tenure: 4.4yrs
  • Kader Hidra

    Director of Investors and Markets

    • Tenure: 0.0yrs
  • Christophe Carval (58yo)

    Group Senior Executive Vice President of Human Resources

    • Tenure: 2.1yrs

Board Members

  • Jean-Bernard Lévy (64yo)

    Chairman & CEO

    • Tenure: 4.8yrs
    • Compensation: €452.87k
  • Michèle Rousseau (62yo)

    Director

    • Tenure: 2.9yrs
    • Compensation: €37.91k
  • Bruno Rossi

    Member of Advisory Board

    • Tenure: 2.8yrs
  • Claire Pedini (54yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: €39.83k
  • Jacky Chorin (59yo)

    Director

    • Tenure: 4.8yrs
  • Colette Lewiner (74yo)

    Director

    • Tenure: 5.3yrs
    • Compensation: €49.42k
  • Jean-Paul Rignac (57yo)

    Director

    • Tenure: 11.8yrs
  • Christine Chabauty (48yo)

    Director

    • Tenure: 9.8yrs
  • Marie-Hélène Meyling (59yo)

    Director

    • Tenure: 7.9yrs
  • Marie-Christine Lepetit (58yo)

    Director

    • Tenure: 7.3yrs
    • Compensation: €45.58k

Company Information

Electricité de France S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Electricité de France S.A.
  • Ticker: EDF
  • Exchange: ENXTPA
  • Founded: 1946
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: €31.737b
  • Shares outstanding: 3.05b
  • Website: https://www.edf.fr

Number of Employees


Location

  • Electricité de France S.A.
  • 22-30, Avenue de Wagram
  • Paris
  • Ile-de-France
  • 75008
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EDFPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURNov 2005
EDFENXTPA (Euronext Paris)YesOrdinary SharesFREURNov 2005
0HBALSE (London Stock Exchange)YesOrdinary SharesGBEURNov 2005
E2FXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURNov 2005
ECIF.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2005
EDFSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFNov 2005
E2FDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2005
EDFWBAG (Wiener Boerse AG)YesOrdinary SharesATEURNov 2005
ECIF.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDDec 2008
A1HFHTDB (Deutsche Boerse AG)5.375%-FRN SUB EMTN PERP EUR100000 '15'DEEURJan 2013
A1HFHVDB (Deutsche Boerse AG)6%-FRN SUB EMTN PERP GBP100000 '16''REGSDEUSDJan 2013
EDFBBENXTPA (Euronext Paris)5.375%-FRN SUB EMTN PERP EUR100000 '15'FREURJan 2013
EDF1LSE (London Stock Exchange)6%-FRN SUB EMTN PERP GBP100000 '16''REGSGBGBPJan 2013

Biography

Electricité de France S.A., an integrated energy company, engages in the generation, transmission, distribution, supply, and trading of power and energy services in France, the United Kingdom, Italy, and i ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 20:50
End of Day Share Price2019/08/23 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.