ENXTLS:SONC

Stock Analysis Report

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Executive Summary

Sonae Capital, SGPS, SA primarily engages in the resort, hospitality, fitness, energy, industrial engineering, real estate, refrigeration, heating, ventilation, air conditioning, and other businesses. More Details


Snowflake Analysis

Reasonable growth potential and slightly overvalued.

Share Price & News

How has Sonae Capital SGPS's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SONC is less volatile than 75% of Portuguese stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: SONC's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

0%

SONC

1.3%

PT Industrials

3.1%

PT Market


1 Year Return

-3.8%

SONC

0.9%

PT Industrials

1.5%

PT Market

Return vs Industry: SONC underperformed the Portuguese Industrials industry which returned 1.7% over the past year.

Return vs Market: SONC underperformed the Portuguese Market which returned -2.3% over the past year.


Shareholder returns

SONCIndustryMarket
7 Day0%1.3%3.1%
30 Day0%11.9%15.2%
90 Day13.6%-1.8%8.9%
1 Year-3.8%-3.8%11.4%0.9%5.4%1.5%
3 Year5.6%-9.0%25.2%6.2%15.0%2.4%
5 Year149.7%76.2%71.9%36.4%26.7%-40.1%

Long-Term Price Volatility Vs. Market

How volatile is Sonae Capital SGPS's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Sonae Capital SGPS undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SONC (€0.77) is trading below our estimate of fair value (€2.79)

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


Price To Earnings Ratio

PE vs Industry: SONC is unprofitable, so we can't compare its PE Ratio to the XE Industrials industry average.

PE vs Market: SONC is unprofitable, so we can't compare its PE Ratio to the Portuguese market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SONC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SONC's PB Ratio (1x) is in line with the XE Industrials industry average.


Next Steps

Future Growth

How is Sonae Capital SGPS forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

79.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SONC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.1%).

Earnings vs Market: SONC is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SONC's is expected to become profitable in the next 3 years.

Revenue vs Market: SONC's revenue (10.1% per year) is forecast to grow faster than the Portuguese market (6% per year).

High Growth Revenue: SONC's revenue (10.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SONC's Return on Equity is forecast to be low in 3 years time (2.1%).


Next Steps

Past Performance

How has Sonae Capital SGPS performed over the past 5 years?

-62.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SONC is currently unprofitable.

Growing Profit Margin: SONC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SONC is unprofitable, and losses have increased over the past 5 years at a rate of 62% per year.

Accelerating Growth: Unable to compare SONC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SONC is unprofitable, making it difficult to compare its past year earnings growth to the Industrials industry (4.5%).


Return on Equity

High ROE: SONC has a negative Return on Equity (-16.01%), as it is currently unprofitable.


Next Steps

Financial Health

How is Sonae Capital SGPS's financial position?


Financial Position Analysis

Short Term Liabilities: SONC's short term assets (€177.8M) do not cover its short term liabilities (€211.9M).

Long Term Liabilities: SONC's short term assets (€177.8M) exceed its long term liabilities (€159.3M).


Debt to Equity History and Analysis

Debt Level: SONC's debt to equity ratio (90.5%) is considered high.

Reducing Debt: SONC's debt to equity ratio has increased from 55.5% to 90.5% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: SONC has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if SONC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Sonae Capital SGPS current dividend yield, its reliability and sustainability?

7.79%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SONC's dividend (7.79%) is higher than the bottom 25% of dividend payers in the Portuguese market (2.54%).

High Dividend: SONC's dividend (7.79%) is in the top 25% of dividend payers in the Portuguese market (7.56%)


Stability and Growth of Payments

Stable Dividend: SONC has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SONC has only been paying a dividend for 5 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: SONC is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: SONC is not forecast to pay a dividend in 3 years.


Next Steps

Management

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

2.3yrs

Average management tenure


CEO

Miguel Jorge da Cruz Gil Mata (46 yo)

2.33yrs

Tenure

€331,278

Compensation

Mr. Miguel Jorge Moreira da Cruz Gil Mata has been the Chief Executive Officer since July 17, 2018 at Sonae Capital, SGPS, SA and its Executive Director since April 07, 2016.


CEO Compensation Analysis

Compensation vs Market: Miguel Jorge's total compensation ($USD391.35K) is about average for companies of similar size in the Portuguese market ($USD538.43K).

Compensation vs Earnings: Miguel Jorge's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Miguel Jorge da Cruz Gil Mata
CEO & Executive Director2.33yrs€331.28kno data
Ivone Maria Pinho da Silva
CFO & Executive Director7.67yrs€283.87k0%
€ 0
Pedro Manuel Bruno
Executive Director1.58yrs€227.84k0%
€ 0
Anabela de Matos
Company Secretaryno datano datano data

2.3yrs

Average Tenure

47yo

Average Age

Experienced Management: SONC's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Miguel Jorge da Cruz Gil Mata
CEO & Executive Director2.33yrs€331.28kno data
Ivone Maria Pinho da Silva
CFO & Executive Director7.67yrs€283.87k0%
€ 0
Pedro Manuel Bruno
Executive Director1.58yrs€227.84k0%
€ 0
Francisco de La Fuente Sánchez
Independent Non-Executive Director12.58yrs€37.30kno data
Ângelo Gabriel dos Santos Paupério
Non-Executive Director0.92yrno datano data
Álvaro Carmona e Costa Portela
Independent Non-Executive Vice-Chairmanno data€79.30k0%
€ 0
Duarte Paulo de Azevedo
Non-Executive Chairman5.67yrs€142.30kno data
Maria Cláudia de Azevedo
Non-Executive Director9.67yrs€37.30k0%
€ 0
Paulo José Jubilado de Pinho
Independent Non Executive Director12.58yrs€37.30k0.0051%
€ 9.7k
Manuel Sismeiro
Member of Statutory Audit Board11.58yrs€7.80kno data
Isabel Maria Pereira Vaz
Independent Non-Executive Director1.58yrs€26.23kno data
António Monteiro Magalhães
Chairman of Statutory Audit Boardno datano datano data

6.7yrs

Average Tenure

55yo

Average Age

Experienced Board: SONC's board of directors are considered experienced (6.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sonae Capital, SGPS, SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sonae Capital, SGPS, SA
  • Ticker: SONC
  • Exchange: ENXTLS
  • Founded: 2007
  • Industry: Industrial Conglomerates
  • Sector: Capital Goods
  • Market Cap: €190.026m
  • Shares outstanding: 246.79m
  • Website: https://www.sonaecapital.pt

Number of Employees


Location

  • Sonae Capital, SGPS, SA
  • Lugar do Espido
  • Via Norte
  • Maia
  • Norte
  • 4471-907
  • Portugal

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SONCENXTLS (Euronext Lisbon)YesOrdinary SharesPTEURJan 2008
6SCDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 2008
0IEFLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 2008
SONCUBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 2008

Biography

Sonae Capital, SGPS, SA primarily engages in the resort, hospitality, fitness, energy, industrial engineering, real estate, refrigeration, heating, ventilation, air conditioning, and other businesses. The ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/23 21:56
End of Day Share Price2020/11/20 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.