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Suez

ENXTPA:SEV
Snowflake Description

Fair value second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SEV
ENXTPA
€8B
Market Cap
  1. Home
  2. FR
  3. Utilities
Company description

Suez SA, together with its subsidiaries, engages in the water and waste cycle management business in France, Europe, and internationally. The last earnings update was 49 days ago. More info.


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SEV Share Price and Events
7 Day Returns
1.5%
ENXTPA:SEV
-0.9%
Europe Integrated Utilities
2%
FR Market
1 Year Returns
4.3%
ENXTPA:SEV
1.3%
Europe Integrated Utilities
3.4%
FR Market
SEV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Suez (SEV) 1.5% 3.8% 7.3% 4.3% -25.6% -16%
Europe Integrated Utilities -0.9% -0.7% 3.5% 1.3% -7.2% -20.2%
FR Market 2% 2.6% 15.1% 3.4% 28% 31.4%
1 Year Return vs Industry and Market
  • SEV outperformed the Integrated Utilities industry which returned 1.3% over the past year.
Price Volatility
SEV
Industry
5yr Volatility vs Market

SEV Value

 Is Suez 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 Suez 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 Suez.

ENXTPA:SEV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) 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:SEV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
Integrated Utilities Unlevered Beta Simply Wall St/ S&P Global 0.31
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.307 (1 + (1- 33%) (165.69%))
0.764
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:SEV using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Suez 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:SEV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.05%)
2019 1,103.95 Analyst x3 1,040.94
2020 847.18 Analyst x4 753.23
2021 1,084.00 Analyst x1 908.78
2022 1,120.00 Analyst x1 885.37
2023 1,143.92 Est @ 2.14% 852.67
2024 1,163.54 Est @ 1.72% 817.80
2025 1,180.07 Est @ 1.42% 782.07
2026 1,194.40 Est @ 1.21% 746.39
2027 1,207.18 Est @ 1.07% 711.32
2028 1,218.87 Est @ 0.97% 677.22
Present value of next 10 years cash flows €8,175.80
ENXTPA:SEV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €1,218.87 × (1 + 0.73%) ÷ (6.05% – 0.73%)
€23,079.08
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €23,079.08 ÷ (1 + 6.05%)10
€12,822.98
ENXTPA:SEV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €8,175.80 + €12,822.98
€20,998.77
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €20,998.77 / 617.83
€33.99
ENXTPA:SEV Discount to Share Price
Calculation Result
Value per share (EUR) From above. €33.99
Current discount Discount to share price of €12.30
= -1 x (€12.30 - €33.99) / €33.99
63.8%

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

Current Discount
Amount off the current price Suez is available for.
Intrinsic value
>50%
Share price is €12.3 vs Future cash flow value of €33.99
Current Discount Checks
For Suez to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Suez's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Suez's share price is below the future cash flow value, and 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 Suez's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Suez's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:SEV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.47
ENXTPA:SEV Share Price ** ENXTPA (2019-04-17) in EUR €12.3
Europe Integrated Utilities Industry PE Ratio Median Figure of 17 Publicly-Listed Integrated Utilities Companies 24.03x
France Market PE Ratio Median Figure of 419 Publicly-Listed Companies 16.31x

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

** Primary Listing of Suez.

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

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

= 12.3 ÷ 0.47

26.19x

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

  • Suez is overvalued based on earnings compared to the Europe Integrated Utilities industry average.
  • Suez is overvalued based on earnings compared to the France market.
Price based on expected Growth
Does Suez's expected growth come at a high price?
Raw Data
ENXTPA:SEV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
13.6%per year
Europe Integrated Utilities Industry PEG Ratio Median Figure of 12 Publicly-Listed Integrated Utilities Companies 2.44x
France Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

ENXTPA:SEV PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.19x ÷ 13.6%

1.93x

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

  • Suez is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Suez's assets?
Raw Data
ENXTPA:SEV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €10.35
ENXTPA:SEV Share Price * ENXTPA (2019-04-17) in EUR €12.3
Europe Integrated Utilities Industry PB Ratio Median Figure of 21 Publicly-Listed Integrated Utilities Companies 1.58x
France Market PB Ratio Median Figure of 618 Publicly-Listed Companies 1.48x
ENXTPA:SEV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 12.3 ÷ 10.35

1.19x

* Primary Listing of Suez.

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

  • Suez is good value based on assets compared to the Europe Integrated Utilities industry average.
X
Value checks
We assess Suez'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 Integrated 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 Integrated Utilities industry average (and greater than 0)? (1 check)
  5. Suez has a total score of 3/6, 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.

SEV Future Performance

 How is Suez expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

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
13.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Suez expected to grow at an attractive rate?
  • Suez's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Suez's earnings growth is expected to exceed the France market average.
  • Suez's revenue growth is positive but not above the France market average.
Annual Growth Rates Comparison
Raw Data
ENXTPA:SEV Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:SEV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 13.6%
ENXTPA:SEV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 3%
Europe Integrated Utilities Industry Earnings Growth Rate Market Cap Weighted Average 18.5%
Europe Integrated Utilities Industry Revenue Growth Rate Market Cap Weighted Average 6%
France Market Earnings Growth Rate Market Cap Weighted Average 13.4%
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:SEV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:SEV Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 20,689 615 1
2022-12-31 19,805 2,854 539 2
2021-12-31 18,851 2,514 472 10
2020-12-31 18,291 2,270 424 11
2019-12-31 17,898 2,153 369 9
ENXTPA:SEV Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 17,331 1,973 290
2018-09-30 16,986 2,025 298
2018-06-30 16,729 2,077 312
2018-03-31 16,300 2,019 293
2017-12-31 15,783 1,962 268
2017-09-30 15,572 1,930 266
2017-06-30 15,360 1,897 263
2017-03-31 15,341 1,905 328
2016-12-31 15,322 1,913 393
2016-09-30 15,309 1,876 406
2016-06-30 15,295 1,838 420
2016-03-31 15,215 1,915 397

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Suez's earnings are expected to grow by 13.6% yearly, however this is not considered high growth (20% yearly).
  • Suez's revenue is expected to grow by 3% yearly, however this is not considered high growth (20% yearly).
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:SEV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Suez Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:SEV Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.76 0.76 0.76 1.00
2021-12-31 0.71 0.86 0.61 6.00
2020-12-31 0.65 0.74 0.56 8.00
2019-12-31 0.57 0.65 0.48 9.00
ENXTPA:SEV Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.47
2018-09-30 0.48
2018-06-30 0.51
2018-03-31 0.48
2017-12-31 0.45
2017-09-30 0.46
2017-06-30 0.47
2017-03-31 0.59
2016-12-31 0.72
2016-09-30 0.75
2016-06-30 0.78
2016-03-31 0.73

*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.
  • Suez is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Suez'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.
Suez has a total score of 2/6, 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.

SEV Past Performance

  How has Suez 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 Suez's growth in the last year to its industry (Integrated 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.
  • Suez's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Suez's 1-year earnings growth exceeds its 5-year average (8.2% vs -5.8%)
  • Suez's earnings growth has exceeded the Europe Integrated Utilities industry average in the past year (8.2% vs 3.9%).
Earnings and Revenue History
Suez'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 Suez Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:SEV 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 17,331.10 290.10 507.90
2018-09-30 16,985.75 297.70 485.55
2018-06-30 16,728.70 311.60 463.20
2018-03-31 16,300.00 292.95 463.20
2017-12-31 15,783.00 268.00 463.20
2017-09-30 15,571.55 265.50 449.35
2017-06-30 15,360.10 263.00 435.50
2017-03-31 15,341.05 327.90 435.50
2016-12-31 15,322.00 392.80 435.50
2016-09-30 15,308.55 406.20 419.15
2016-06-30 15,295.10 419.60 402.80
2016-03-31 15,214.90 396.60 402.80
2015-12-31 15,134.70 373.60 402.80
2015-09-30 14,931.35 310.65 399.95
2015-06-30 14,728.00 247.70 397.10
2015-03-31 14,526.05 308.45 397.10
2014-12-31 14,324.10 369.20 397.10
2014-09-30 14,249.00 409.90 393.10
2014-06-30 14,173.90 450.60 389.10
2014-03-31 14,248.40 389.55 389.10
2013-12-31 14,322.90 328.50 389.10
2013-09-30 14,570.55 320.75 375.85
2013-06-30 14,818.20 313.00 362.60
2013-03-31 14,959.90 270.35 362.60
2012-12-31 15,101.60 227.70 362.60
2012-09-30 14,939.35 173.00 352.15
2012-06-30 14,777.10 118.30 341.70

*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.
  • Suez has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Suez used its assets less efficiently than the Europe Integrated Utilities industry average last year based on Return on Assets.
  • Suez's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Suez'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 Integrated 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.
Suez has a total score of 2/6, 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.

SEV Health

 How is Suez'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 Suez's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Suez's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Suez's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Suez'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 not covered by short term assets, assets are 0.9x 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 Suez Company Filings, last reported 3 months ago.

ENXTPA:SEV Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 8,992.60 12,586.50 3,453.30
2018-09-30 8,992.60 12,586.50 3,453.30
2018-06-30 8,586.80 12,906.60 3,430.60
2018-03-31 8,586.80 12,906.60 3,430.60
2017-12-31 9,021.80 11,947.30 3,278.20
2017-09-30 9,021.80 11,947.30 3,278.20
2017-06-30 7,957.60 11,301.20 4,174.10
2017-03-31 7,957.60 11,301.20 4,174.10
2016-12-31 7,365.80 11,206.10 2,987.00
2016-09-30 7,365.80 11,206.10 2,987.00
2016-06-30 6,380.00 11,243.90 2,286.00
2016-03-31 6,380.00 11,243.90 2,286.00
2015-12-31 6,805.40 10,391.30 2,138.90
2015-09-30 6,805.40 10,391.30 2,138.90
2015-06-30 7,082.60 10,808.10 2,618.60
2015-03-31 7,082.60 10,808.10 2,618.60
2014-12-31 7,004.70 9,686.50 2,311.30
2014-09-30 7,004.70 9,686.50 2,311.30
2014-06-30 6,951.30 9,700.90 2,253.10
2014-03-31 6,951.30 9,700.90 2,253.10
2013-12-31 6,950.50 9,841.50 2,483.00
2013-09-30 6,950.50 9,841.50 2,483.00
2013-06-30 6,515.50 10,159.40 2,165.90
2013-03-31 6,515.50 10,159.40 2,165.90
2012-12-31 6,859.20 9,948.30 2,270.80
2012-09-30 6,859.20 9,948.30 2,270.80
2012-06-30 6,674.90 10,200.70 2,165.20
  • Suez's level of debt (140%) 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 (141.6% vs 140% today).
  • Debt is not well covered by operating cash flow (15.7%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.1x coverage).
X
Financial health checks
We assess Suez'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. Suez has a total score of 2/6, 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.

SEV Dividends

 What is Suez'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
5.29%
Current annual income from Suez dividends. Estimated to be 5.29% next year.
If you bought €2,000 of Suez shares you are expected to receive €106 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?
  • Suez's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.54%).
  • Suez's dividend is above the markets top 25% of dividend payers in France (4.4%).
Upcoming dividend payment

Purchase Suez before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:SEV 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 11 Analyst Estimates (S&P Global) See Below
Europe Integrated Utilities Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 5.3%
France Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3%
France Minimum Threshold Dividend Yield 10th Percentile 0.9%
France Bottom 25% Dividend Yield 25th Percentile 1.5%
France Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

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

ENXTPA:SEV Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.65 1.00
2022-12-31 0.65 2.00
2021-12-31 0.65 9.00
2020-12-31 0.65 12.00
2019-12-31 0.65 12.00
ENXTPA:SEV Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-04-17 0.650 5.416
2017-05-11 0.650 4.530
2016-07-28 0.650 4.607
2016-02-26 0.650 4.304
2015-03-02 0.650 3.819
2014-04-24 0.650 4.573
2013-02-14 0.650 5.557
2012-02-08 0.650 6.996
2011-03-18 0.650 5.633
2011-02-09 0.650 4.282
2010-10-28 0.000 0.000
2010-08-04 0.000 0.000
2010-02-25 0.650 4.277
2009-08-26 1.300 8.315
2009-04-20 1.300 10.336

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

  • 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
What portion of Suez's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Suez's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Suez afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Suez has a total score of 3/6, see the detailed checks below.


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

SEV Management

 What is the CEO of Suez'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
Jean-Louis Chaussade
COMPENSATION €1,467,857
AGE 67
TENURE AS CEO 10.8 years
CEO Bio

Mr. Jean-Louis Chaussade has been the Chief Executive Officer of SUEZ SA since July 23, 2008. Mr. Chaussade serves as the Chairman of the Management Board of Ondeo Degremont North America. He served as the Chief Executive Officer of Degrémont SAS (formerly Ondeo Degrémont SA). He was appointed Chairman and Chief Executive Officer of Degrémont in 2000 and, in 2004, Deputy CEO of SUEZ (now ENGIE) and Chief Executive Officer of SUEZ Environnement (now SUEZ). He served as Executive Vice-President of Environment at SUEZ Environnement of GDF Suez since March 2004 and Executive Vice-President of Environment at GDF Suez SA until July 23, 2013. He served as Executive Vice-President of ENGIE SA. Since March 2004, he served as Assistant General Manager of Suez, in charge of Suez Environnement. He served as General Manager Adjunct of Suez and General Executive Manager of Suez Environnement since 2004. Since 1989, Mr. Chaussade served as Chief Executive Officer of Degrémont Espagne, headquartered in Bilbao, then in 1992 Special Adviser of Dumez Copisa (Spain). From 1992 to May 1997, he served as Managing Director of Dumez Copisa (Spain). From 1989 to 1992, he served as General Manager of Degrémont Spain. From June 1997 to July 2000, he served as Vice Chairman and General Manager of Lyonnaise des Eaux Latin America and Representative of Lyonnaise in the Southern Cone. Mr. Chaussade joined Degrmont in 1978. Since 1997, he served as Group Delegate for the Southern Cone of South America and as Chief Operating Officer of Lyonnaise des Eaux America Latina since May 2000. He was Chief Operating Officer of SUEZ (now ENGIE) for South America. He served as General Manager of Aguas Argentinas (Argentina). He serves as Chairman of Lyonnaise Des Eaux France SA and SITA France. Mr. Chaussade served as the Chairman of Degrmont since March 2002. He serves as Vice Chairman of Agbar Capital, S.A. He serves as a Vice Chairman of Sociedad General de Aguas de Barcelona SA and has been its Director since June 19, 1996. He has been a Director of Kaufman & Broad S.A. since January 27, 2017. From September 1989 to June 2000, he served as Vice Chairman of EMOS (Water Company of Santiago de Chile). He served as Vice Chairman of Aguas Cordobesas (Argentina). Mr. Chaussade serves as a Member of Board of Directors of Criteria Caixa, S.A.U. since October 2011. He has been a Director of Aguas de Barcelona (Spain) since 1996. He has been a Director of SUEZ SA since December 05, 2007. He serves a as Director of Lyonnaise des Eaux France, Aguas de Barcelona, Lyonnaise Europe and Lyonnaise des Eaux (Uruguay). He serves as a Director of Asim, Tecsa, LYLAW, Aquasource, Chateau d'Eau International, Ondeo Industrial Solutions Corporate. He serves as Director Kaufmann & Broad (France), SUEZ Water Technologies and Solutions(1) (France) and the Institute for Responsible Capitalism. He serves as Chairman of the Board of Directors of University of Technology of Compiègne and SUEZ NWS Ltd (Hong Kong). He served as a Director of Ondeo Degrémont SA. He served as a Director at ACEA S.p.A. since April 29, 2009. He served as a Director of Inversiones Aguas Metropolitanas SA. He served as Director of ACEA SpA (Italy) until April 2013. He was Chairman of the Supervisory Board of the Institute of Economic Forecasting of the Mediterranean World (IPEMED) until December 5, 2013. He served as Non-Executive Director of SembSITA Australia Pty Limited until May 23, 2013. Mr. Chaussade served as a Director of Abertis Infraestructuras S.A. (formerly, Acesa Infraestructuras SA) from 1997 to 2003. From 1987 to 1989, he served as Director of Degrémont subsidiaries. He was Member of Board of Directors of Aguas Provinciales de Santa Fe (Argentina) and Member of Board of Directors, Aguas del Illimani (Bolivia). Mr. Chaussade obtained Engineering degree from E.S.T.P. in 1976, Master's degree in Economics in 1976, Diploma from the Ecole des Sciences Politiques de Paris in 1980 and studied AMP at Harvard Business School in 1988.

CEO Compensation
  • Jean-Louis's compensation has been consistent with company performance over the past year.
  • Jean-Louis's remuneration is about average for companies of similar size in France.
Management Team Tenure

Average tenure and age of the Suez management team in years:

6
Average Tenure
53
Average Age
  • The average tenure for the Suez management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jean-Louis Chaussade

TITLE
CEO & Director
COMPENSATION
€1M
AGE
67
TENURE
10.8 yrs

Gilles Benoist

TITLE
Executive Officer
COMPENSATION
€14K
AGE
72

Ana Calpe

TITLE
CEO Latin America and Industrial Markets & Key Accounts Executive VP
AGE
43
TENURE
1.3 yrs

Loïc Voisin

TITLE
Senior Vice President of Group Innovation

Isabelle Calvez

TITLE
Head of Group Human Resources
AGE
53
TENURE
2 yrs

Christophe Cros

TITLE
Chairman of Water Technologies & Solutions
AGE
59
TENURE
6.1 yrs

Angel Grimaldos

TITLE
Deputy CEO in charge of Spain
AGE
61
TENURE
6 yrs

Jean-Marc Boursier

TITLE
Deputy CEO in charge of Finance and Recycling & Recovery in Northern Europe
AGE
51
TENURE
6.1 yrs

Frédérique Raoult

TITLE
Group Director of Sustainable Development & Communications
AGE
52
TENURE
6 yrs

Marie-Ange Debon

TITLE
Group Senior Executive VP in charge of France
AGE
53
TENURE
11.5 yrs
Board of Directors Tenure

Average tenure and age of the Suez board of directors in years:

10.8
Average Tenure
60.5
Average Age
  • The average tenure for the Suez board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Gérard Mestrallet

TITLE
Chairman
COMPENSATION
€63K
AGE
69
TENURE
10.8 yrs

Jean-Louis Chaussade

TITLE
CEO & Director
COMPENSATION
€1M
AGE
67
TENURE
11.3 yrs

Lorenz d'Este

TITLE
Independent Director
COMPENSATION
€65K
AGE
63
TENURE
10.8 yrs

Guillaume Pepy

TITLE
Independent Director
COMPENSATION
€60K
AGE
60
TENURE
10.8 yrs

Delphine Cunci

TITLE
Independent Director
COMPENSATION
€54K
AGE
52
TENURE
6.9 yrs

Anne L. Marie Lauvergeon

TITLE
Independent Director
COMPENSATION
€57K
AGE
59
TENURE
4.5 yrs

Valérie Irène Amélie Bernis

TITLE
Director
COMPENSATION
€44K
AGE
60
TENURE
10.8 yrs

Nicolas Bazire

TITLE
Independent Director
COMPENSATION
€53K
AGE
61
TENURE
10.8 yrs

Isabelle Kocher

TITLE
Director
COMPENSATION
€29K
AGE
52
TENURE
7.2 yrs

Isidro Fainé Casas

TITLE
Director
COMPENSATION
€43K
AGE
76
TENURE
4.5 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 Suez'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. Suez 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.

SEV News

Simply Wall St News

What does Suez SA's (EPA:SEV) Balance Sheet Tell Us About Its Future?

Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Suez SA (EPA:SEV), with a market cap of €7.5b, are often out of the spotlight. … Despite this, the two other categories have lagged behind the risk-adjusted returns of commonly ignored mid-cap stocks. … Today we will look at SEV’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth.

Simply Wall St -

Read This Before Judging Suez SA's (EPA:SEV) ROE

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Another way to think of that is that for every €1 worth of equity in the company, it was able to earn €0.063. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Do You Know Suez SA’s (EPA:SEV) Cash Situation?

I will take you through Suez’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … Suez’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … I will be analysing Suez’s FCF by looking at its FCF yield and its operating cash flow growth.

Simply Wall St -

Suez SA (EPA:SEV): Poised For Long Term Success?

As Suez SA (EPA:SEV) announced its earnings release on 31 December 2018, … the consensus outlook from analysts appear fairly confident, … as a 31% increase in profits is expected in the upcoming year,

Simply Wall St -

Should We Worry About Suez SA's (EPA:SEV) P/E Ratio?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … That corresponds to an earnings yield of approximately 4.1%. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Do Institutions Own Shares In SUEZ SA (EPA:SEV)?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … We'd expect to see institutional investors on the register. … Companies of this size are usually well known to retail investors, too.

Simply Wall St -

Is SUEZ SA (EPA:SEV) Overpaying Its CEO?

Jean-Louis Chaussade became the CEO of SUEZ SA (EPA:SEV) in 2008. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Jean-Louis Chaussade's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Does The Hype Around SUEZ SA's (EPA:SEV) Growth Justify Its January Share Price?

SUEZ SA (EPA:SEV) is considered a high growth stock. … However its last closing price of €11.48 left investors wondering whether this growth has already been factored into the share price. … Investors in SUEZ have been patiently waiting for the uptick in earnings.

Simply Wall St -

Why You Should Care About SUEZ SA’s (EPA:SEV) Low Return On Capital

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … Analysts use this formula to calculate return on capital employed:

Simply Wall St -

Should We Be Cautious About SUEZ SA's (EPA:SEV) ROE Of 6.6%?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows SUEZ has a return on equity of 6.6% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

SEV Company Info

Description

Suez SA, together with its subsidiaries, engages in the water and waste cycle management business in France, Europe, and internationally. The company operates through five segments: Water Europe, Recycling and Recovery Europe, International, Water Technologies & Solutions, and Other. It provides water distribution and treatment services to individuals, local authorities, and industrial clients; and waste collection and treatment services, including collection, sorting, recycling, composting, energy recovery, and landfilling for non-hazardous and hazardous waste for local authorities and industrial clients. The company also offers water network management services; technical assistance, operation, cleaning, and maintenance services; and spare parts, refurbishment, and associated services, as well as designs and operates storage facilities for hazardous and non-hazardous residual waste. In addition, it provides resource management consulting services; engineering and construction contracts and other services; and digital technology solutions for resource and asset protection, as well as deconstructs industrial sites in the end-of-life phase and decontaminates soil and water tables. Additionally, the company generates waste wood biomass energy, as well as engages in plastic recycling activities. It serves food and beverage, chemical and pharmaceutical, construction, mining and metal, oil and gas, power, pulp and paper, electronic and electronic products, leisure, and healthcare industries, as well as automotive, transport, and aeronautic sectors. Suez SA was founded in 1858 and is headquartered in Paris, France.

Details
Name: Suez SA
SEV
Exchange: ENXTPA
Founded: 1858
€7,596,190,698
617,827,629
Website: http://www.suez.com
Address: Suez SA
CB21 Tower,
16 Place de l'Iris,
Paris,
Ile-de-France, 92040,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA SEV Ordinary Shares Euronext Paris FR EUR 22. Jul 2008
OTCPK SZEV.F Ordinary Shares Pink Sheets LLC US USD 22. Jul 2008
DB SZ1 Ordinary Shares Deutsche Boerse AG DE EUR 22. Jul 2008
XTRA SZ1 Ordinary Shares XETRA Trading Platform DE EUR 22. Jul 2008
LSE 0NRV Ordinary Shares London Stock Exchange GB EUR 22. Jul 2008
SWX SEV Ordinary Shares SIX Swiss Exchange CH CHF 22. Jul 2008
BATS-CHIXE SEVP Ordinary Shares BATS 'Chi-X Europe' GB EUR 22. Jul 2008
OTCPK SZEV.Y ADR Pink Sheets LLC US USD 18. Sep 2008
Number of employees
Current staff
Staff numbers
0
Suez employees.
Industry
Multi-Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/17 22:02
End of day share price update: 2019/04/17 00:00
Last estimates confirmation: 2019/04/16
Last earnings filing: 2019/02/27
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.