OTCPK:EFGS.F

Stock Analysis Report

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Executive Summary

Eiffage SA engages in the construction, infrastructure, energy systems, and concessions businesses in France and internationally.


Snowflake Analysis

Established dividend payer and fair value.


Similar Companies

Share Price & News

How has Eiffage's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EFGS.F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

EFGS.F

9.7%

US Construction

3.8%

US Market


1 Year Return

n/a

EFGS.F

-1.1%

US Construction

9.7%

US Market

Return vs Industry: Insufficient data to determine how EFGS.F performed against the US Construction industry.

Return vs Market: Insufficient data to determine how EFGS.F performed against the US Market.


Shareholder returns

EFGS.FIndustryMarket
7 Day0%9.7%3.8%
30 Day15.4%21.2%11.4%
90 Dayn/a1.3%6.8%
1 Yearn/a-0.4%-1.1%12.1%9.7%
3 Yearn/a1.1%-1.2%36.2%27.2%
5 Yearn/a19.6%15.3%63.7%45.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Eiffage undervalued compared to its fair value and its price relative to the market?

8.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EFGS.F ($91.53) is trading below our estimate of fair value ($99.78)

Significantly Below Fair Value: EFGS.F is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: EFGS.F is good value based on its PE Ratio (11.7x) compared to the Construction industry average (13.9x).

PE vs Market: EFGS.F is good value based on its PE Ratio (11.7x) compared to the US market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: EFGS.F is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: EFGS.F is overvalued based on its PB Ratio (1.6x) compared to the US Construction industry average (1.5x).


Next Steps

Future Growth

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

7.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EFGS.F's forecast earnings growth (7.4% per year) is above the savings rate (2.2%).

Earnings vs Market: EFGS.F's earnings (7.4% per year) are forecast to grow slower than the US market (22.3% per year).

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

Revenue vs Market: EFGS.F's revenue (0.4% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: EFGS.F's revenue (0.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EFGS.F's Return on Equity is forecast to be low in 3 years time (13.4%).


Next Steps

Past Performance

How has Eiffage performed over the past 5 years?

20.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EFGS.F has high quality earnings.

Growing Profit Margin: EFGS.F's current net profit margins (3.9%) are higher than last year (3.7%).


Past Earnings Growth Analysis

Earnings Trend: EFGS.F's earnings have grown significantly by 20.1% per year over the past 5 years.

Accelerating Growth: EFGS.F's earnings growth over the past year (15.3%) is below its 5-year average (20.1% per year).

Earnings vs Industry: EFGS.F earnings growth over the past year (15.3%) underperformed the Construction industry 15.6%.


Return on Equity

High ROE: EFGS.F's Return on Equity (17.9%) is considered low.


Next Steps

Financial Health

How is Eiffage's financial position?


Financial Position Analysis

Short Term Liabilities: EFGS.F's short term assets (€12.7B) do not cover its short term liabilities (€13.6B).

Long Term Liabilities: EFGS.F's short term assets (€12.7B) do not cover its long term liabilities (€13.1B).


Debt to Equity History and Analysis

Debt Level: EFGS.F's debt to equity ratio (241.5%) is considered high.

Reducing Debt: EFGS.F's debt to equity ratio has reduced from 562% to 241.5% over the past 5 years.

Debt Coverage: EFGS.F's debt is not well covered by operating cash flow (14.8%).

Interest Coverage: EFGS.F's interest payments on its debt are well covered by EBIT (7.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Eiffage's current dividend yield, its reliability and sustainability?

3.19%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EFGS.F's dividend (3.19%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: EFGS.F's dividend (3.19%) is low compared to the top 25% of dividend payers in the US market (4.32%).


Stability and Growth of Payments

Stable Dividend: EFGS.F's dividends per share have been stable in the past 10 years.

Growing Dividend: EFGS.F's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: EFGS.F's dividends in 3 years are forecast to be well covered by earnings (38.4% payout ratio).


Next Steps

  • Explore strong dividend paying companies in the Capital Goods industry.

Management

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

4.4yrs

Average management tenure


CEO

Benoit de Ruffray (53yo)

4.42yrs

Tenure

€3,832,200

Compensation

Mr. Benoit de Ruffray has been the Chairman and Chief Executive Officer of Eiffage SA since January 18, 2016. Mr. de Ruffray served as Chief Executive Officer of Soletanche Freyssinet SAS at VINCI SA from  ...


CEO Compensation Analysis

Compensation vs Market: Benoit's total compensation ($USD4.34M) is below average for companies of similar size in the US market ($USD11.52M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Benoit de Ruffray
Chairman & CEO4.42yrs€3.83m0.0010% 99.8k
Christian Cassayre
Chief Financial Officer8.92yrsno datano data
Claudine Font
Head of Social & Human Developmentno datano datano data
J. Nourry
Chairman of Motorway Concessions in Franceno datano datano data
Olivier Genis
Chairman of the Construction Division3.42yrsno datano data
Laurent Girou
Chairman of Eiffage Route1.42yrsno datano data
Valérie David
Head of Sustainable Development & Transversal Innovationno datano datano data
Erick Lemonnier
Head of Risk Prevention - Eiffage Infrastructuresno datano datano data
Xavier Julien
Head of Risk Prevention - Eiffage Constructionno datano datano data
Yannick Lecomte
Head of APRR’s Network Risk Prevention Departmentno datano datano data

4.4yrs

Average Tenure

54yo

Average Age

Experienced Management: EFGS.F's management team is considered experienced (4.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Benoit de Ruffray
Chairman & CEO4.42yrs€3.83m0.0010% 99.8k
Laurent Girou
Chairman of Eiffage Route1.42yrsno datano data
Bruno Flichy
Non-Independent Director5.17yrs€75.00k0.0055% 546.2k
Jean-François Roverato
Vice-Chairman & Senior Director4.42yrs€290.00k0.055% 5.4m
Dominique Marcel
Independent Director12yrs€45.00k0.00010% 9.9k
Thérèse Cornil
Independent Director9.33yrs€60.00k0.00010% 9.9k
Jean Guénard
Independent Director8.75yrs€60.00k0.040% 4.0m
Carol Xueref
Independent Director6.17yrs€54.00k0.00030% 29.6k
Guillaume Sauvé
Chairman of Eiffage Génie Civil & Chairman of Eiffage Métal1.42yrsno datano data
Isabelle Salaün
Independent Director5.17yrs€60.00k0.0010% 99.8k

5.2yrs

Average Tenure

64yo

Average Age

Experienced Board: EFGS.F's board of directors are considered experienced (5.2 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

Eiffage SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Eiffage SA
  • Ticker: EFGS.F
  • Exchange: OTCPK
  • Founded: 1920
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: €8.720b
  • Listing Market Cap: €9.878b
  • Shares outstanding: 99.38m
  • Website: https://www.eiffage.com

Number of Employees


Location

  • Eiffage SA
  • 3-7, place de l’Europe
  • Vélizy-Villacoublay
  • Ile-de-France
  • 78140
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FGRENXTPA (Euronext Paris)YesOrdinary SharesFREURJan 1992
EF3DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
0NPTLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
EFGS.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
FGRPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
EFGS.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008

Biography

Eiffage SA engages in the construction, infrastructure, energy systems, and concessions businesses in France and internationally. The company’s Construction segment offers urban development, building design and construction, property development, and maintenance and facilities management services for public and private-sector customers. Its Infrastructure segment is involved in the civil engineering, road and rail design and construction, drainage, earthworks, and metallic construction. The company’s Energy Systems segment designs, constructs, integrates, operates, and maintains of energy and telecommunication systems and installations. Its Concessions segment finances, designs, builds, maintains, and services motorways and other large infrastructure projects, public facilities, and buildings and urban developments, as well as operates toll structures under concessions and public-private partnerships. The company was incorporated in 1920 and is headquartered in Vélizy-Villacoublay, France. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 03:51
End of Day Share Price2020/05/28 00:00
Earnings2019/12/31
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.