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Électricite de Strasbourg Société Anonyme

ENXTPA:ELEC
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ELEC
ENXTPA
€760M
Market Cap
  1. Home
  2. FR
  3. Utilities
Company description

Électricite de Strasbourg Société Anonyme distributes electricity and gas in France. The last earnings update was 21 days ago. More info.


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ELEC Share Price and Events
7 Day Returns
1%
ENXTPA:ELEC
1.9%
Europe Electric Utilities
1.6%
FR Market
1 Year Returns
-19.4%
ENXTPA:ELEC
10%
Europe Electric Utilities
-4.4%
FR Market
ELEC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Électricite de Strasbourg Société Anonyme (ELEC) 1% -0.5% 1% -19.4% 9.3% -9.9%
Europe Electric Utilities 1.9% 2.2% 3.6% 10% 27.3% -0.2%
FR Market 1.6% -3.8% 3.8% -4.4% 29.3% 26.7%
1 Year Return vs Industry and Market
  • ELEC underperformed the Electric Utilities industry which returned 10% over the past year.
  • ELEC underperformed the Market in France which returned -4.4% over the past year.
Price Volatility
ELEC
Industry
5yr Volatility vs Market

ELEC Value

 Is Électricite de Strasbourg Société Anonyme undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Électricite de Strasbourg Société Anonyme to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Électricite de Strasbourg Société Anonyme.

ENXTPA:ELEC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year FR Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTPA:ELEC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.23
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.235 (1 + (1- 33%) (1.55%))
0.489
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (0.8 * 6.65%)
6.05%

Discounted Cash Flow Calculation for ENXTPA:ELEC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Électricite de Strasbourg Société Anonyme is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ENXTPA:ELEC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.05%)
2019 58.96 Est @ -7.24% 55.59
2020 56.10 Est @ -4.85% 49.88
2021 54.32 Est @ -3.17% 45.54
2022 53.23 Est @ -2% 42.08
2023 52.60 Est @ -1.18% 39.21
2024 52.28 Est @ -0.61% 36.75
2025 52.18 Est @ -0.2% 34.58
2026 52.22 Est @ 0.08% 32.63
2027 52.36 Est @ 0.27% 30.85
2028 52.58 Est @ 0.41% 29.21
Present value of next 10 years cash flows €396.32
ENXTPA:ELEC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €52.58 × (1 + 0.73%) ÷ (6.05% – 0.73%)
€995.50
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €995.50 ÷ (1 + 6.05%)10
€553.11
ENXTPA:ELEC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €396.32 + €553.11
€949.43
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €949.43 / 7.17
€132.43
ENXTPA:ELEC Discount to Share Price
Calculation Result
Value per share (EUR) From above. €132.43
Current discount Discount to share price of €106.00
= -1 x (€106.00 - €132.43) / €132.43
20%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Électricite de Strasbourg Société Anonyme is available for.
Intrinsic value
20%
Share price is €106 vs Future cash flow value of €132.43
Current Discount Checks
For Électricite de Strasbourg Société Anonyme to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Électricite de Strasbourg Société Anonyme's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Électricite de Strasbourg Société Anonyme's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Électricite de Strasbourg Société Anonyme's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Électricite de Strasbourg Société Anonyme's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:ELEC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €7.74
ENXTPA:ELEC Share Price ** ENXTPA (2019-05-21) in EUR €106
Europe Electric Utilities Industry PE Ratio Median Figure of 66 Publicly-Listed Electric Utilities Companies 11.76x
France Market PE Ratio Median Figure of 419 Publicly-Listed Companies 17.64x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Électricite de Strasbourg Société Anonyme.

ENXTPA:ELEC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:ELEC Share Price ÷ EPS (both in EUR)

= 106 ÷ 7.74

13.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Électricite de Strasbourg Société Anonyme is overvalued based on earnings compared to the Europe Electric Utilities industry average.
  • Électricite de Strasbourg Société Anonyme is good value based on earnings compared to the France market.
Price based on expected Growth
Does Électricite de Strasbourg Société Anonyme's expected growth come at a high price?
Raw Data
ENXTPA:ELEC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-9%per year
Europe Electric Utilities Industry PEG Ratio Median Figure of 32 Publicly-Listed Electric Utilities Companies 1.38x
France Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Électricite de Strasbourg Société Anonyme, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Électricite de Strasbourg Société Anonyme's assets?
Raw Data
ENXTPA:ELEC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €52.18
ENXTPA:ELEC Share Price * ENXTPA (2019-05-21) in EUR €106
Europe Electric Utilities Industry PB Ratio Median Figure of 73 Publicly-Listed Electric Utilities Companies 0.89x
France Market PB Ratio Median Figure of 619 Publicly-Listed Companies 1.45x
ENXTPA:ELEC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:ELEC Share Price ÷ Book Value per Share (both in EUR)

= 106 ÷ 52.18

2.03x

* Primary Listing of Électricite de Strasbourg Société Anonyme.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Électricite de Strasbourg Société Anonyme is overvalued based on assets compared to the Europe Electric Utilities industry average.
X
Value checks
We assess Électricite de Strasbourg Société Anonyme's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check)
  5. Électricite de Strasbourg Société Anonyme has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ELEC Future Performance

 How is Électricite de Strasbourg Société Anonyme expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Électricite de Strasbourg Société Anonyme, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Électricite de Strasbourg Société Anonyme expected to grow at an attractive rate?
  • Électricite de Strasbourg Société Anonyme's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Électricite de Strasbourg Société Anonyme's earnings are expected to decrease over the next 1-3 years, this is below the France market average.
  • Unable to compare Électricite de Strasbourg Société Anonyme's revenue growth to the France market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ENXTPA:ELEC Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:ELEC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -9%
Europe Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 9.5%
Europe Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
France Market Earnings Growth Rate Market Cap Weighted Average 13.2%
France Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTPA:ELEC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:ELEC Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 734 123 56
2018-06-30 809 123 59
2018-03-31 813 123 62
2017-12-31 730 122 65
2017-09-30 773 70
2017-06-30 816 125 76
2017-03-31 846 137 75
2016-12-31 875 148 73
2016-09-30 885 136 65
2016-06-30 895 124 58
2016-03-31 930 107 56

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Électricite de Strasbourg Société Anonyme's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Électricite de Strasbourg Société Anonyme is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTPA:ELEC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Électricite de Strasbourg Société Anonyme Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:ELEC Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 7.74
2018-06-30 8.30
2018-03-31 8.66
2017-12-31 9.02
2017-09-30 9.82
2017-06-30 10.61
2017-03-31 10.41
2016-12-31 10.21
2016-09-30 9.13
2016-06-30 8.04
2016-03-31 7.87

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Électricite de Strasbourg Société Anonyme will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Électricite de Strasbourg Société Anonyme's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Électricite de Strasbourg Société Anonyme has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ELEC Past Performance

  How has Électricite de Strasbourg Société Anonyme performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Électricite de Strasbourg Société Anonyme's growth in the last year to its industry (Electric Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Électricite de Strasbourg Société Anonyme's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Électricite de Strasbourg Société Anonyme's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Électricite de Strasbourg Société Anonyme's 1-year earnings growth is negative, it can't be compared to the Europe Electric Utilities industry average.
Earnings and Revenue History
Électricite de Strasbourg Société Anonyme's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Électricite de Strasbourg Société Anonyme Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:ELEC Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 734.32 55.52 121.58
2018-06-30 808.96 59.49 123.72
2018-03-31 812.92 62.09 122.93
2017-12-31 730.28 64.69 122.14
2017-09-30 773.36 70.40 123.19
2017-06-30 816.45 76.11 124.24
2017-03-31 845.52 74.67 127.60
2016-12-31 874.60 73.23 130.96
2016-09-30 884.59 65.45 129.25
2016-06-30 894.58 57.68 127.54
2016-03-31 930.07 56.45 127.90
2015-12-31 965.57 55.23 128.27
2015-09-30 977.14 59.00 130.32
2015-06-30 988.71 62.78 132.37
2015-03-31 974.91 62.40 130.42
2014-12-31 961.10 62.02 128.48
2014-09-30 926.52 59.49 126.81
2014-06-30 891.93 56.96 125.15
2014-03-31 874.71 63.87 124.18
2013-12-31 857.50 70.78 123.22
2013-09-30 850.03 68.54 123.51
2013-06-30 842.57 66.30 123.80
2013-03-31 782.56 62.09 122.50
2012-12-31 722.55 57.87 121.20
2012-09-30 672.55 58.49 115.81
2012-06-30 622.55 59.11 110.41

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Électricite de Strasbourg Société Anonyme has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Électricite de Strasbourg Société Anonyme used its assets less efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.
  • Électricite de Strasbourg Société Anonyme's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Électricite de Strasbourg Société Anonyme's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Électricite de Strasbourg Société Anonyme has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ELEC Health

 How is Électricite de Strasbourg Société Anonyme's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Électricite de Strasbourg Société Anonyme's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Électricite de Strasbourg Société Anonyme is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Électricite de Strasbourg Société Anonyme's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Électricite de Strasbourg Société Anonyme's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 37.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Électricite de Strasbourg Société Anonyme Company Filings, last reported 4 months ago.

ENXTPA:ELEC Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 378.91 11.77 149.98
2018-06-30 339.40 14.09 160.72
2018-03-31 339.40 14.09 160.72
2017-12-31 350.02 11.75 141.24
2017-09-30 350.02 11.75 141.24
2017-06-30 321.73 7.04 232.91
2017-03-31 321.73 7.04 232.91
2016-12-31 332.29 13.87 248.30
2016-09-30 332.29 13.87 248.30
2016-06-30 307.64 14.76 215.32
2016-03-31 307.64 14.76 215.32
2015-12-31 325.05 0.24 234.28
2015-09-30 325.05 0.24 234.28
2015-06-30 294.30 13.13 227.16
2015-03-31 294.30 13.13 227.16
2014-12-31 309.48 0.00 238.58
2014-09-30 309.48 0.00 238.58
2014-06-30 285.40 3.80 229.65
2014-03-31 285.40 3.80 229.65
2013-12-31 310.30 0.00 268.57
2013-09-30 310.30 0.00 268.57
2013-06-30 276.08 0.50 262.31
2013-03-31 276.08 0.50 262.31
2012-12-31 276.06 0.00 243.78
2012-09-30 276.06 0.00 243.78
2012-06-30 256.56 1.81 242.89
  • Électricite de Strasbourg Société Anonyme's level of debt (3.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 3.1% today).
  • Debt is well covered by operating cash flow (1040.9%, greater than 20% of total debt).
  • Électricite de Strasbourg Société Anonyme earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Électricite de Strasbourg Société Anonyme's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Électricite de Strasbourg Société Anonyme has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ELEC Dividends

 What is Électricite de Strasbourg Société Anonyme's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.72%
Current annual income from Électricite de Strasbourg Société Anonyme dividends.
If you bought €2,000 of Électricite de Strasbourg Société Anonyme shares you are expected to receive €94 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Électricite de Strasbourg Société Anonyme's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.59%).
  • Électricite de Strasbourg Société Anonyme's dividend is above the markets top 25% of dividend payers in France (4.5%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTPA:ELEC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 44 Stocks 4.5%
France Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.1%
France Minimum Threshold Dividend Yield 10th Percentile 1%
France Bottom 25% Dividend Yield 25th Percentile 1.6%
France Top 25% Dividend Yield 75th Percentile 4.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTPA:ELEC Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-30 5.000 4.744
2018-03-23 6.400 5.714
2017-03-20 6.000 4.906
2016-03-18 5.300 5.331
2015-03-27 5.700 5.353
2014-03-27 6.800 6.156
2014-02-11 6.800 6.132
2013-03-26 5.600 5.832
2013-02-12 5.600 5.918
2012-03-28 6.100 6.379
2012-02-16 6.100 5.833
2011-03-22 5.900 5.524
2011-02-11 5.900 4.930
2010-03-25 6.200 5.332
2010-02-19 6.200 5.156
2009-06-22 5.900 5.373

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Électricite de Strasbourg Société Anonyme's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Électricite de Strasbourg Société Anonyme's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Électricite de Strasbourg Société Anonyme afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Électricite de Strasbourg Société Anonyme has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ELEC Management

 What is the CEO of Électricite de Strasbourg Société Anonyme's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Marc Kugler
CEO Bio

Mr. Marc Kugler serves as Chief Executive Officer of Électricite de Strasbourg Société Anonyme. Mr. Kugler served as Vice-President of Operations and Corporate Affairs at EDF Inc. since January 2010. He served as Executive Vice-President of EDF International North America, Inc. since January 2009. Mr. Kugler served as Senior Vice President of European Sales at EDF Group from 2006 to 2008, where he supervised the European Key Account Management program of EDF Group, as well as sales & marketing operations in Belgium and Spain. He also led the EDF Group Business Customer Network, coordinating and synergizing vast B2B sales activities. From 2003 to 2005, Mr. Kugler served as Managing Director for EDF's Business Customer unit in the North-West Region of France. He first joined the EDF Group in 1998 as Key Account Manager. His background also includes 11 years of international sales and management experiences with AIR LIQUIDE Group (a world leader in industrial gases), and RHODIA Group (formerly known as Rhône-Poulenc, chemicals), mainly in the wider Europe 4 years, Asian and South African 5 years regions. He also serves as a Director of the Board of EDF Inc. He holds an MBA from Grenoble School of Management.

CEO Compensation
  • Insufficient data for Marc to compare compensation growth.
  • Insufficient data for Marc to establish whether their remuneration is reasonable compared to companies of similar size in France.
Management Team

Birgit Fratzke-Weiss

TITLE
Deputy Chief Executive Officer
COMPENSATION
€333K
TENURE
5.1 yrs

Marc Kugler

TITLE
Chief Executive Officer

Xavier Girre

TITLE
CFO & Director
AGE
49

Jean-Claude Mutschler

TITLE
Technical Director

Bernard Kempf

TITLE
Development & External Relations Director

Thierry Frieh

TITLE
Human Resource Director

Dominique Gruchet

TITLE
Secretary General

Gaëlle Salaün

TITLE
Director of Individual Clients Relation Centers and Director
Board of Directors Tenure

Average tenure and age of the Électricite de Strasbourg Société Anonyme board of directors in years:

4.8
Average Tenure
54
Average Age
  • The tenure for the Électricite de Strasbourg Société Anonyme board of directors is about average.
Board of Directors

Marianne Laigneau

TITLE
Chairwoman
COMPENSATION
€134K
AGE
54

Xavier Girre

TITLE
CFO & Director
AGE
49

Gaëlle Salaün

TITLE
Director of Individual Clients Relation Centers and Director

Christine Goubet-Milhaud

TITLE
Director
TENURE
5.1 yrs

Pierre Acker

TITLE
Employee Representative Director
COMPENSATION
€96K
TENURE
4.8 yrs

Olivier Fauqueux

TITLE
Director
COMPENSATION
€294K

Olivier Petros

TITLE
Director
COMPENSATION
€317K

Jean-Marie Sander

TITLE
Director
COMPENSATION
€12K
AGE
69

Jean-François Wolff

TITLE
Employee Representative Director
COMPENSATION
€14K
TENURE
4.8 yrs

Stéphane Boof

TITLE
Employee Representative Director
COMPENSATION
€14K
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Électricite de Strasbourg Société Anonyme's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Électricite de Strasbourg Société Anonyme has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ELEC News

Simply Wall St News

Boasting A 15% Return On Equity, Is Électricite de Strasbourg Société Anonyme (EPA:ELEC) A Top Quality Stock?

Our data shows Électricite de Strasbourg Société Anonyme has a return on equity of 15% for the last year. … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Électricite de Strasbourg Société Anonyme: 15% = €56m ÷ €379m (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Électricite de Strasbourg Société Anonyme's Debt And Its 15% ROE Électricite de Strasbourg Société Anonyme has a debt to equity ratio of just 0.054, which is very low.

Simply Wall St -

Brief Commentary On Électricite de Strasbourg Société Anonyme's (EPA:ELEC) Fundamentals

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … that has been able to sustain great financial health over the past

Simply Wall St -

Those Who Purchased Électricite de Strasbourg Société Anonyme (EPA:ELEC) Shares A Year Ago Have A 20% Loss To Show For It

Unfortunately the Électricite de Strasbourg Société Anonyme (EPA:ELEC) share price slid 20% over twelve months. … Unfortunately Électricite de Strasbourg Société Anonyme reported an EPS drop of 22% for the last year. … It might be well worthwhile taking a look at our free report on Électricite de Strasbourg Société Anonyme's earnings, revenue and cash flow.

Simply Wall St -

Does Électricite de Strasbourg Société Anonyme (EPA:ELEC) Have A Place In Your Portfolio?

Over the past 10 years Électricite de Strasbourg Société Anonyme (EPA:ELEC) has been paying dividends to shareholders. … Let's dig deeper into whether Électricite de Strasbourg Société Anonyme should have a place in your portfolio. … See our latest analysis for Électricite de Strasbourg Société Anonyme?

Simply Wall St -

How Do Électricite de Strasbourg Société Anonyme’s (EPA:ELEC) Returns Compare To Its Industry?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … How Do You Calculate Return On Capital Employed?

Simply Wall St -

Électricite de Strasbourg Société Anonyme (EPA:ELEC) Delivered A Better ROE Than Its Industry

By way of learning-by-doing, we'll look at ROE to gain a better understanding Électricite de Strasbourg Société Anonyme (EPA:ELEC). … Our data shows Électricite de Strasbourg Société Anonyme has a return on equity of 18% for the last year. … See our latest analysis for Électricite de Strasbourg Société Anonyme?

Simply Wall St -

Is Électricite de Strasbourg Société Anonyme's (EPA:ELEC) High P/E Ratio A Problem For Investors?

We'll look at Électricite de Strasbourg Société Anonyme's (EPA:ELEC) P/E ratio and reflect on what it tells us about the company's share price. … Électricite de Strasbourg Société Anonyme has a price to earnings ratio of 12.4, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

What Should Investors Know About Électricite de Strasbourg Société Anonyme's (EPA:ELEC) Return On Capital?

and want to better understand how you can grow your money by investing in Électricite de Strasbourg Société Anonyme (EPA:ELEC). … Therefore, looking at how efficiently Électricite de Strasbourg Société Anonyme is able to use capital to create earnings will help us understand your potential return. … Check out our latest analysis for Électricite de Strasbourg Société Anonyme

Simply Wall St -

Can Électricite de Strasbourg Société Anonyme (EPA:ELEC) Continue To Outperform Its Industry?

Électricite de Strasbourg Société Anonyme (EPA:ELEC) outperformed the electric utilities industry on the basis of its ROE – producing a higher 17.62% relative to the peer average of 8.90% over the past 12 months. … If ELEC borrows debt to invest in its business, its profits will be higher. … Check out our latest analysis for Électricite de Strasbourg Société Anonyme

Simply Wall St -

Should You Be Tempted To Sell Électricite de Strasbourg Société Anonyme (EPA:ELEC) At Its Current PE Ratio?

Électricite de Strasbourg Société Anonyme (EPA:ELEC) trades with a trailing P/E of 13.6x, which is higher than the industry average of 12.7x. … While ELEC might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … View our latest analysis for Électricite de Strasbourg Société Anonyme

Simply Wall St -

ELEC Company Info

Description

Électricite de Strasbourg Société Anonyme distributes electricity and gas in France. It builds, operates, maintains, and renews an electrical network of approximately 14,000 kilometers to communities, businesses, and individuals. The company also offers gas services for private and professional customers under its ÉS Gaz de Strasbourg brand. In addition, it engages in the construction and operation of geothermal power plant in Soultz-Sous-Forêts. The company was founded in 1899 and is headquartered in Strasbourg, France. Électricite de Strasbourg Société Anonyme is a subsidiary of EDF Développement Environnement SA.

Details
Name: Électricite de Strasbourg Société Anonyme
ELEC
Exchange: ENXTPA
Founded: 1899
€759,954,916
7,169,386
Website: http://groupe.es.fr
Address: Électricite de Strasbourg Société Anonyme
Building l'Avancée,
26, boulevard du Président Wilson,
Strasbourg,
Alsace, 67932,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA ELEC Share Capital Euronext Paris FR EUR 01. Jan 1990
LSE 0J74 Share Capital London Stock Exchange GB EUR 01. Jan 1990
BATS-CHIXE ELECP Share Capital BATS 'Chi-X Europe' GB EUR 01. Jan 1990
Number of employees
Current staff
Staff numbers
316
Électricite de Strasbourg Société Anonyme employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/21 20:46
End of day share price update: 2019/05/21 00:00
Last earnings filing: 2019/04/30
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.