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EDF

Electricité de FranceENXTPA:EDF Stock Report

Market Cap

€39.0b

7D

-1.2%

1Y

-2.9%

Updated

29 Nov, 2021

Data

Company Financials +
EDF fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health4/6
Dividends3/6

EDF Stock Overview

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

Electricité de France Competitors

Abbott Laboratories

NYSE:ABT

US$226.4b

Applied Materials

NasdaqGS:AMAT

US$136.5b

Gazprom

MISX:GAZP

₽8.0t

Lam Research

NasdaqGS:LRCX

US$95.8b

Price History & Performance

Summary of all time highs, changes and price drops for Electricité de France
Historical stock prices
Current Share Price€12.35
52 Week High€13.58
52 Week Low€9.63
Beta0.95
1 Month Change-3.02%
3 Month Change7.58%
1 Year Change-2.91%
3 Year Change-15.33%
5 Year Change23.02%
Change since IPO-61.42%

Recent News & Updates

Nov 25
Is Electricité de France (EPA:EDF) Using Too Much Debt?

Is Electricité de France (EPA:EDF) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Nov 03
Return Trends At Electricité de France (EPA:EDF) Aren't Appealing

Return Trends At Electricité de France (EPA:EDF) Aren't Appealing

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...

Sep 16
Is It Too Late To Consider Buying Electricité de France S.A. (EPA:EDF)?

Is It Too Late To Consider Buying Electricité de France S.A. (EPA:EDF)?

Today we're going to take a look at the well-established Electricité de France S.A. ( EPA:EDF ). The company's stock...

Aug 26
These 4 Measures Indicate That Electricité de France (EPA:EDF) Is Using Debt Extensively

These 4 Measures Indicate That Electricité de France (EPA:EDF) Is Using Debt Extensively

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Aug 04
Electricité de France (EPA:EDF) Hasn't Managed To Accelerate Its Returns

Electricité de France (EPA:EDF) Hasn't Managed To Accelerate Its Returns

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Shareholder Returns

EDFFR Electric UtilitiesFR Market
7D-1.2%-0.3%-3.6%
1Y-2.9%-0.2%23.7%

Return vs Industry: EDF underperformed the French Electric Utilities industry which returned -1.3% over the past year.

Return vs Market: EDF underperformed the French Market which returned 21.5% over the past year.

Price Volatility

Is EDF's price volatile compared to industry and market?
EDF volatility
EDF Average Weekly Movement4.1%
Electric Utilities Industry Average Movement4.2%
Market Average Movement4.6%
10% most volatile stocks in FR Market9.3%
10% least volatile stocks in FR Market2.6%

Stable Share Price: EDF is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: EDF's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1946161,203Jean-Bernard Levyhttps://www.edf.fr

Electricité de France S.A., an integrated energy company, engages in the power generation, transmission, distribution, supply, and trading activities in France, the United Kingdom, Italy, and internationally. The company generates electricity through nuclear, fossil fuel, hydro, solar, wind, biomass, biogas, tidal, and cogeneration plants. It also manages low and medium-voltage public electricity distribution networks; operates, maintains, and develops high-voltage and very-high-voltage electricity transmission networks; and services and produces equipment and fuel for nuclear reactors.

Electricité de France Fundamentals Summary

How do Electricité de France's earnings and revenue compare to its market cap?
EDF fundamental statistics
Market Cap€38.97b
Earnings (TTM)€5.02b
Revenue (TTM)€73.94b

7.8x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EDF income statement (TTM)
Revenue€73.94b
Cost of Revenue€43.25b
Gross Profit€30.69b
Expenses€25.67b
Earnings€5.02b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.59
Gross Margin41.51%
Net Profit Margin6.79%
Debt/Equity Ratio89.3%

How did EDF perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

37%

Payout Ratio

Valuation

Is Electricité de France 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: EDF (€12.35) is trading below our estimate of fair value (€77.14)

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


Price To Earnings Ratio

PE vs Industry: EDF is good value based on its PE Ratio (7.8x) compared to the European Electric Utilities industry average (14.3x).

PE vs Market: EDF is good value based on its PE Ratio (7.8x) compared to the French market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: EDF is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: EDF is good value based on its PB Ratio (0.7x) compared to the XE Electric Utilities industry average (1x).


Future Growth

How is Electricité de France forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

4.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EDF's forecast earnings growth (4.9% per year) is above the savings rate (0.3%).

Earnings vs Market: EDF's earnings (4.9% per year) are forecast to grow slower than the French market (11.9% per year).

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

Revenue vs Market: EDF's revenue (2.7% per year) is forecast to grow slower than the French market (6.5% per year).

High Growth Revenue: EDF's revenue (2.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EDF's Return on Equity is forecast to be low in 3 years time (8.6%).


Past Performance

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

11.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EDF has high quality earnings.

Growing Profit Margin: EDF's current net profit margins (6.8%) are higher than last year (2.3%).


Past Earnings Growth Analysis

Earnings Trend: EDF's earnings have grown by 11.8% per year over the past 5 years.

Accelerating Growth: EDF's earnings growth over the past year (213.7%) exceeds its 5-year average (11.8% per year).

Earnings vs Industry: EDF earnings growth over the past year (213.7%) exceeded the Electric Utilities industry 10.4%.


Return on Equity

High ROE: EDF's Return on Equity (8.5%) is considered low.


Financial Health

How is Electricité de France's financial position?


Financial Position Analysis

Short Term Liabilities: EDF's short term assets (€74.9B) exceed its short term liabilities (€61.2B).

Long Term Liabilities: EDF's short term assets (€74.9B) do not cover its long term liabilities (€193.2B).


Debt to Equity History and Analysis

Debt Level: EDF's net debt to equity ratio (46.3%) is considered high.

Reducing Debt: EDF's debt to equity ratio has reduced from 160% to 89.3% over the past 5 years.

Debt Coverage: EDF's debt is well covered by operating cash flow (25.9%).

Interest Coverage: EDF's interest payments on its debt are well covered by EBIT (16.6x coverage).


Balance Sheet


Dividend

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

2.43%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EDF's dividend (2.43%) is higher than the bottom 25% of dividend payers in the French market (1.33%).

High Dividend: EDF's dividend (2.43%) is low compared to the top 25% of dividend payers in the French market (4.07%).


Stability and Growth of Payments

Stable Dividend: EDF's dividend payments have been volatile in the past 10 years.

Growing Dividend: EDF's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.4%), EDF's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EDF's dividends in 3 years are forecast to be well covered by earnings (43% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.5yrs

Average management tenure


CEO

Jean-Bernard Levy (66 yo)

7yrs

Tenure

€453,660

Compensation

Mr. Jean-Bernard Levy serves as Non-Voting Director at Société Générale Société anonyme since 2021. He serves as Independent Director at Faurecia S.E. since February 19, 2021. He has been the Chief Executi...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Jean-Bernard's total compensation is reasonable compared to companies of similar size in the French market.

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


Leadership Team

Experienced Management: EDF's management team is seasoned and experienced (5.5 years average tenure).


Board Members

Experienced Board: EDF's board of directors are considered experienced (5.8 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 been diluted in the past year, with total shares outstanding growing by 2%.


Top Shareholders

Company Information

Electricité de France S.A.'s 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: €38.973b
  • Shares outstanding: 3.16b
  • Website: https://www.edf.fr

Number of Employees


Location

  • Electricité de France S.A.
  • 22-30, avenue de Wagram
  • cedex 08
  • Paris
  • Ile-de-France
  • 75008
  • France

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/29 22:54
End of Day Share Price2021/11/29 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.