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CNP Assurances

LSE:0IUQ
Snowflake Description

Proven track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0IUQ
LSE
€15B
Market Cap
  1. Home
  2. GB
  3. Insurance
Company description

CNP Assurances SA provides personal insurance products in France, Latin America, and other European countries. The last earnings update was 20 days ago. More info.


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0IUQ Share Price and Events
7 Day Returns
0.4%
LSE:0IUQ
-0.6%
GB Insurance
1.2%
GB Market
1 Year Returns
1.3%
LSE:0IUQ
-5.4%
GB Insurance
2.5%
GB Market
0IUQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CNP Assurances (0IUQ) 0.4% 10.2% 7.1% 1.3% 41.5% 28.7%
GB Insurance -0.6% 7.9% 9.8% -5.4% 16.5% 21%
GB Market 1.2% 5.3% 9.8% 2.5% 16.9% 6.7%
1 Year Return vs Industry and Market
  • 0IUQ outperformed the Insurance industry which returned -5.4% over the past year.
  • 0IUQ underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.5% over the past year.
Price Volatility
0IUQ
Industry
5yr Volatility vs Market
Related Companies

Value

 Is CNP Assurances 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 CNP Assurances 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 CNP Assurances.

LSE:0IUQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 6 analysts.
= Stable Book Value * Return on Equity
= €26.53 * 8.3%
€2.21
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. €26.53
Discount Rate (Cost of Equity) See below 9.1%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 LSE:0IUQ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.724 (1 + (1- 33%) (115.45%))
1.191
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.191 * 6.65%)
9.15%

Discounted Cash Flow Calculation for LSE:0IUQ using Excess Returns Model Model

The calculations below outline how an intrinsic value for CNP Assurances is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:0IUQ Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.3% – 9.15%) * €26.53)
€-0.22
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-0.22 / (9.15% - 1.23%)
€-2.76
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €26.53 + €-2.76
€23.77
LSE:0IUQ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0IUQ represents 1.00561x of ENXTPA:CNP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00561x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 23.77 x 1.00561
€23.90
Value per share (EUR) From above. €23.90
Current discount Discount to share price of €21.50
= -1 x (€21.50 - €23.90) / €23.90
10%

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

Current Discount
Amount off the current price CNP Assurances is available for.
Intrinsic value
10%
Share price is €21.5 vs Future cash flow value of €23.9
Current Discount Checks
For CNP Assurances to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CNP Assurances's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • CNP Assurances'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 CNP Assurances's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CNP Assurances's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0IUQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €1.92
ENXTPA:CNP Share Price ** ENXTPA (2019-04-25) in EUR €21.38
United Kingdom of Great Britain and Northern Ireland Insurance Industry PE Ratio Median Figure of 19 Publicly-Listed Insurance Companies 16.15x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.3x

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

** Primary Listing of CNP Assurances.

LSE:0IUQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 21.38 ÷ 1.92

11.14x

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

  • CNP Assurances is good value based on earnings compared to the GB Insurance industry average.
  • CNP Assurances is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does CNP Assurances's expected growth come at a high price?
Raw Data
LSE:0IUQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
4.6%per year
United Kingdom of Great Britain and Northern Ireland Insurance Industry PEG Ratio Median Figure of 16 Publicly-Listed Insurance Companies 1.55x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 566 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

LSE:0IUQ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.14x ÷ 4.6%

2.44x

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

  • CNP Assurances is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on CNP Assurances's assets?
Raw Data
LSE:0IUQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €25.92
ENXTPA:CNP Share Price * ENXTPA (2019-04-25) in EUR €21.38
United Kingdom of Great Britain and Northern Ireland Insurance Industry PB Ratio Median Figure of 24 Publicly-Listed Insurance Companies 2.09x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.52x
LSE:0IUQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 21.38 ÷ 25.92

0.82x

* Primary Listing of CNP Assurances.

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

  • CNP Assurances is good value based on assets compared to the GB Insurance industry average.
X
Value checks
We assess CNP Assurances'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 Insurance 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 Insurance industry average (and greater than 0)? (1 check)
  5. CNP Assurances 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.

Future Performance

 How is CNP Assurances expected to perform in the next 1 to 3 years based on estimates from 7 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
4.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CNP Assurances expected to grow at an attractive rate?
  • CNP Assurances's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • CNP Assurances's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • CNP Assurances's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0IUQ Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0IUQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 4.6%
LSE:0IUQ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts -1.7%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Revenue Growth Rate Market Cap Weighted Average 18.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
LSE:0IUQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0IUQ Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 36,155 1,633 1
2021-12-31 34,866 1,504 2
2020-12-31 34,140 1,484 4
2019-12-31 33,172 1,416 4
LSE:0IUQ Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 38,521 8,070 1,317
2018-09-30 45,748 1,265
2018-06-30 43,063 5,317 1,252
2018-03-31 45,766 1,247
2017-12-31 45,011 4,109 1,236
2017-09-30 41,647 1,164
2017-06-30 45,290 4,092 1,162
2017-03-31 40,979 1,145
2016-12-31 42,403 8,302 1,124
2016-09-30 44,347 1,067
2016-06-30 40,689 7,749 1,061
2016-03-31 44,223 1,057

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CNP Assurances's earnings are expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).
  • CNP Assurances's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
LSE:0IUQ 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 7 Analyst Estimates (S&P Global) See Below

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

LSE:0IUQ Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 2.30 2.30 2.30 1.00
2021-12-31 2.13 2.27 2.04 3.00
2020-12-31 2.13 2.37 1.97 7.00
2019-12-31 2.03 2.18 1.88 7.00
LSE:0IUQ Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 1.92
2018-09-30
2018-06-30 1.82
2018-03-31
2017-12-31 1.80
2017-09-30
2017-06-30 1.69
2017-03-31
2016-12-31 1.64
2016-09-30
2016-06-30 1.55
2016-03-31

*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.
  • CNP Assurances is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess CNP Assurances'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
CNP Assurances has a total score of 1/6, 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.

Past Performance

  How has CNP Assurances 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 CNP Assurances's growth in the last year to its industry (Insurance).
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.
  • CNP Assurances's year on year earnings growth rate has been positive over the past 5 years.
  • CNP Assurances's 1-year earnings growth exceeds its 5-year average (6.5% vs 5.8%)
  • CNP Assurances's earnings growth has exceeded the GB Insurance industry average in the past year (6.5% vs 5.3%).
Earnings and Revenue History
CNP Assurances'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 CNP Assurances Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0IUQ 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 38,520.90 1,317.00 202.30
2018-09-30 45,748.30 1,265.10 197.80
2018-06-30 43,062.50 1,251.80 205.40
2018-03-31 45,766.30 1,247.10 197.80
2017-12-31 45,011.30 1,236.10 198.80
2017-09-30 41,646.80 1,164.40 210.30
2017-06-30 45,290.20 1,161.50 181.30
2017-03-31 40,978.80 1,145.40 201.30
2016-12-31 42,403.30 1,124.40 186.30
2016-09-30 44,347.30 1,067.10 176.10
2016-06-30 40,688.70 1,061.20 178.30
2016-03-31 44,223.30 1,057.10 160.10
2015-12-31 43,584.30 1,056.10 168.10
2015-09-30 44,425.60 1,053.00 225.60
2015-06-30 44,862.40 1,033.90 194.60
2015-03-31 44,453.60 1,044.00 207.60
2014-12-31 44,077.60 1,020.00 196.60
2014-09-30 44,534.30 1,004.90 195.80
2014-06-30 44,853.40 992.00 193.00
2014-03-31 42,621.30 999.90 197.80
2013-12-31 41,603.50 973.90 195.10
2013-09-30 43,426.70 921.50 202.80
2013-06-30 41,733.50 929.60 200.70
2013-03-31 42,408.70 848.50 206.80
2012-12-31 42,312.70 893.50 204.80
2012-09-30 33,400.80 1,045.60 204.50
2012-06-30 36,554.70 810.40 206.20

*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.
  • CNP Assurances has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CNP Assurances used its assets less efficiently than the GB Insurance industry average last year based on Return on Assets.
  • CNP Assurances has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CNP Assurances'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 Insurance 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.
CNP Assurances has a total score of 4/6, 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.

Health

 How is CNP Assurances'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 CNP Assurances's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CNP Assurances's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • CNP Assurances's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CNP Assurances'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 6.9x 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 CNP Assurances Company Filings, last reported 3 months ago.

LSE:0IUQ Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 19,520.90 16,933.00 85,698.40
2018-09-30 19,790.80 15,600.60 87,030.10
2018-06-30 19,790.80 15,600.60 87,030.10
2018-03-31 20,023.00 16,808.40 82,952.70
2017-12-31 20,023.00 16,080.30 84,962.60
2017-09-30 19,149.40 15,188.40 83,510.20
2017-06-30 19,149.40 15,188.40 83,510.20
2017-03-31 19,296.60 14,983.20 75,940.50
2016-12-31 19,296.60 14,983.20 75,940.50
2016-09-30 18,963.00 12,189.60 76,717.60
2016-06-30 18,963.00 12,189.60 76,717.60
2016-03-31 18,570.80 11,167.30 70,820.60
2015-12-31 18,570.80 11,167.30 70,820.60
2015-09-30 18,046.30 12,268.80 75,636.40
2015-06-30 18,046.30 12,268.80 75,636.40
2015-03-31 18,299.50 12,998.00 69,571.20
2014-12-31 18,299.50 12,998.00 69,571.20
2014-09-30 16,916.70 10,682.60 73,297.50
2014-06-30 16,916.70 10,682.60 73,297.50
2014-03-31 15,993.70 11,915.00 73,438.70
2013-12-31 15,993.80 13,084.10 66,583.40
2013-09-30 15,740.40 8,794.50 74,272.90
2013-06-30 15,740.40 8,794.50 74,272.90
2013-03-31 15,588.00 7,282.70 75,745.80
2012-12-31 15,588.00 7,282.70 75,745.80
2012-09-30 13,946.40 5,300.90 77,584.70
2012-06-30 13,946.40 5,300.90 77,584.70
  • CNP Assurances's level of debt (86.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (81.7% vs 86.7% today).
  • Debt is well covered by operating cash flow (47.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10x coverage).
X
Financial health checks
We assess CNP Assurances'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. CNP Assurances has a total score of 3/6, 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.

Dividends

 What is CNP Assurances'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
4.16%
Current annual income from CNP Assurances dividends. Estimated to be 4.55% next year.
If you bought €2,000 of CNP Assurances shares you are expected to receive €83 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?
  • CNP Assurances's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • CNP Assurances's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.1%).
Upcoming dividend payment

Purchase CNP Assurances 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
LSE:0IUQ 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 7 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Insurance Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

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

LSE:0IUQ Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 1.10 1.00
2021-12-31 1.00 5.00
2020-12-31 0.98 8.00
2019-12-31 0.93 8.00
LSE:0IUQ Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-05 0.890 4.234
2019-02-21 0.890 4.417
2018-03-29 0.840 4.223
2018-02-22 0.840 4.148
2017-04-07 0.800 4.058
2017-02-23 0.800 4.308
2016-02-17 0.770 5.132
2015-05-06 0.770 5.779
2014-05-06 0.770 5.060
2013-04-25 0.770 5.713
2012-07-27 0.770 7.047
2012-06-29 0.770 9.342
2011-05-09 0.770 6.982
2010-03-01 0.750 5.033
2010-02-24 0.750 4.571

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

  • Whilst dividend payments have been stable, CNP Assurances has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but CNP Assurances only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of CNP Assurances's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess CNP Assurances'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 CNP Assurances afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CNP Assurances 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.

Management

 What is the CEO of CNP Assurances'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
Antoine Lissowski
COMPENSATION €530,865
AGE 62
TENURE AS CEO 0.6 years
CEO Bio

Mr. Antoine Lissowski serves as Chief Executive Officer since November 2018 and served as its Chief Financial Officer since December 16, 2013. He served as Interim Chief Executive Officer at CNP Assurances Société anonyme since September 1, 2018 until November 2018. Mr. Lissowski has been Member of Executive Board at CNP Assurances SA since December 16, 2003 and its Deputy Chief Executive Officer of Finance since July 10, 2007. Mr. Lissowski was Chief Executive Officer of CNP Assurances at Caisse des Dépôts et Consignations since 2018 until November 2018. Mr. Lissowski served as an Acting Chief Executive Officer of CNP Assurances SA from June 2012 to September 26, 2012 and has been a Finance Director since December 16, 2003. He began his career with Caisse des Depots et Consignations, where he was in charge of Foreign Exchange and Eurocredit operations. In 1985, he joined the Commission des Operations de Bourse (COB), where he led the first working groups set up to look into the code of ethics applicable to the financial services industry. He returned to Caisse des Depots in 1988 to take charge of developing the money market and bond businesses. In 1990, he was appointed Managing Director of Caisse Autonome de Refinancement (CAR - Caisse des Depots Group). In this position, his responsibilities included managing the refinancing of very long term assets and he also developed a financial R&D activity. In 1993, He was appointed Finance Director of the Banking and Financial Services division of Caisse des Depots, going on to become the Finance Director of CDC Ixis when this new entity was set up in December 2000. Since September 2003 he has been Chairman of the Supervisory Board of CDC Ixis Financial Guaranty Holding, an insurance company specialized in insuring municipal and corporate bond issues and structured funds, operating in both Europe and the United States. He served as a Member of the supervisory board of Groupe Caisse d'Epargne SA (formerly, Caisse Nationale des Caisses d’Epargne (CNCE). Mr. Lissowski is a graduate of Institut d'Etudes Politiques de Paris and an alumnus of Ecole Nationale d'Administration.

CEO Compensation
  • Insufficient data for Antoine to compare compensation growth.
  • Insufficient data for Antoine to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the CNP Assurances management team in years:

0.6
Average Tenure
55
Average Age
  • The average tenure for the CNP Assurances management team is less than 2 years, this suggests a new team.
Management Team

Virginie Chapron du Jeu

TITLE
Finance Director & Director
COMPENSATION
€30K
AGE
57

Antoine Lissowski

TITLE
CEO & Member of Management Board
COMPENSATION
€531K
AGE
62
TENURE
0.6 yrs

Thomas Béhar

TITLE
Chief Financial Officer
AGE
46
TENURE
0.3 yrs

Xavier Larnaudie-Eiffel

TITLE
Deputy CEO & Member of Executive Board
COMPENSATION
€572K
AGE
60
TENURE
15.3 yrs

Yves Couturier

TITLE
Deputy CEO & Member of Executive Board

Bérangère Grandjean

TITLE
Human Resources Director & Member of Executive Board
AGE
55

Martine Vareilles

TITLE
Head of La Banque Postale Partnership Business Unit & Member of Executive Board

Laurent Jumelle

TITLE
Head of Latin America Business Unit & Member of Executive Board
AGE
37
TENURE
1.7 yrs

Olivier Guigné

TITLE
Investments Director
TENURE
0.6 yrs

Marie Grison

TITLE
Group Administrative Officer
AGE
46
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the CNP Assurances board of directors in years:

6.8
Average Tenure
60
Average Age
  • The tenure for the CNP Assurances board of directors is about average.
Board of Directors

Jean-Paul Faugère

TITLE
Chairman of the Board
COMPENSATION
€320K
AGE
62
TENURE
6.8 yrs

Edmond Alphandéry

TITLE
Honorary Chairman
AGE
75

Virginie Chapron du Jeu

TITLE
Finance Director & Director
COMPENSATION
€30K
AGE
57
TENURE
6.8 yrs

Stéphane Pallez

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

Rose-Marie Van Lerberghe

TITLE
Independent Director
COMPENSATION
€43K
AGE
71
TENURE
5.6 yrs

Philippe Wahl

TITLE
Director
COMPENSATION
€33K
AGE
62
TENURE
8.2 yrs

Olivier Mareuse

TITLE
Director
COMPENSATION
€47K
AGE
55
TENURE
6 yrs

Marcia Campbell

TITLE
Independent Director
COMPENSATION
€55K
AGE
59
TENURE
8.2 yrs

Jean-Yves Forel

TITLE
Independent Director
COMPENSATION
€48K
AGE
57
TENURE
6.3 yrs

Rémy Weber

TITLE
Director
COMPENSATION
€33K
AGE
61
TENURE
5.4 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 CNP Assurances'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. CNP Assurances 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.

News

Simply Wall St News

Company Info

Description

CNP Assurances SA provides personal insurance products in France, Latin America, and other European countries. It offers life, accident, long term care, death and funeral, term life, and health insurance products; term creditor insurance products; solutions in the area of guarantees for real estate loans in the retail market; and pension plans and annuities, as well as assistance and support services. CNP Assurances SA was founded in 1850 and is headquartered in Paris, France. CNP Assurances SA was founded in 1850 and is headquartered in Paris, France.

Details
Name: CNP Assurances SA
0IUQ
Exchange: LSE
Founded: 1850
€14,667,104,050
686,019,834
Website: http://www.cnp.fr
Address: CNP Assurances SA
4, Place Raoul Dautry,
Cedex 15,
Paris,
Ile-de-France, 75716,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA CNP Ordinary Shares Euronext Paris FR EUR 06. Oct 1998
OTCPK CNPA.F Ordinary Shares Pink Sheets LLC US USD 06. Oct 1998
DB XNP Ordinary Shares Deutsche Boerse AG DE EUR 06. Oct 1998
LSE 0IUQ Ordinary Shares London Stock Exchange GB EUR 06. Oct 1998
BATS-CHIXE CNPP Ordinary Shares BATS 'Chi-X Europe' GB EUR 06. Oct 1998
OTCPK CNPA.Y UNSPONSORD ADR Pink Sheets LLC US USD 21. Nov 2008
DB A1HNRT 6.875%-FRN SUB PERP USD200000 'REGS' Deutsche Boerse AG DE USD 12. Jul 2013
Number of employees
Current staff
Staff numbers
5,243
CNP Assurances employees.
Industry
Life and Health Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 21:21
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/22
Last earnings filing: 2019/04/05
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.