COFACE SA (COFA.PA)

FR0010667147 - Common Stock

14.63  +0.18 (+1.25%)

Fundamental Rating

5

COFA gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 36 industry peers in the Insurance industry. While COFA has a great profitability rating, there are some minor concerns on its financial health. COFA is valued correctly, but it does not seem to be growing. Finally COFA also has an excellent dividend rating. This makes COFA very considerable for dividend investing!



7

1. Profitability

1.1 Basic Checks

In the past year COFA was profitable.
In the past year COFA had a positive cash flow from operations.
COFA had positive earnings in each of the past 5 years.
COFA had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

COFA has a Return On Assets of 4.59%. This is amongst the best in the industry. COFA outperforms 94.29% of its industry peers.
COFA has a Return On Equity of 17.68%. This is in the better half of the industry: COFA outperforms 80.00% of its industry peers.
COFA's Return On Invested Capital of 5.29% is amongst the best of the industry. COFA outperforms 94.29% of its industry peers.
Industry RankSector Rank
ROA 4.59%
ROE 17.68%
ROIC 5.29%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

The Profit Margin of COFA (14.23%) is better than 82.86% of its industry peers.
COFA's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 21.27%, COFA belongs to the top of the industry, outperforming 88.57% of the companies in the same industry.
In the last couple of years the Operating Margin of COFA has grown nicely.
Industry RankSector Rank
OM 21.27%
PM (TTM) 14.23%
GM N/A
OM growth 3Y17.13%
OM growth 5Y3.62%
PM growth 3Y23.63%
PM growth 5Y7%
GM growth 3YN/A
GM growth 5YN/A

5

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), COFA is creating some value.
There is no outstanding debt for COFA. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.

2.2 Solvency

Based on the Altman-Z score of 1.40, we must say that COFA is in the distress zone and has some risk of bankruptcy.
COFA's Altman-Z score of 1.40 is amongst the best of the industry. COFA outperforms 97.14% of its industry peers.
The Debt to FCF ratio of COFA is 12.34, which is on the high side as it means it would take COFA, 12.34 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 12.34, COFA is in line with its industry, outperforming 42.86% of the companies in the same industry.
A Debt/Equity ratio of 1.62 is on the high side and indicates that COFA has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.62, COFA is doing worse than 94.29% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.62
Debt/FCF 12.34
Altman-Z 1.4
ROIC/WACC1.07
WACC4.96%

2.3 Liquidity

A Current Ratio of 8.70 indicates that COFA has no problem at all paying its short term obligations.
COFA has a better Current ratio (8.70) than 97.14% of its industry peers.
COFA has a Quick Ratio of 8.70. This indicates that COFA is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of COFA (8.70) is better than 97.14% of its industry peers.
Industry RankSector Rank
Current Ratio 8.7
Quick Ratio 8.7

3

3. Growth

3.1 Past

The earnings per share for COFA have decreased strongly by -14.37% in the last year.
Measured over the past years, COFA shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.36% on average per year.
Looking at the last year, COFA shows a small growth in Revenue. The Revenue has grown by 4.11% in the last year.
Measured over the past years, COFA shows a small growth in Revenue. The Revenue has been growing by 6.99% on average per year.
EPS 1Y (TTM)-14.37%
EPS 3Y43.16%
EPS 5Y15.36%
EPS growth Q2Q-19.36%
Revenue 1Y (TTM)4.11%
Revenue growth 3Y15.36%
Revenue growth 5Y6.99%
Revenue growth Q2Q0.18%

3.2 Future

COFA is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -1.96% yearly.
COFA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.46% yearly.
EPS Next Y0.51%
EPS Next 2Y-0.06%
EPS Next 3Y0.93%
EPS Next 5Y-1.96%
Revenue Next Year0.22%
Revenue Next 2Y1.4%
Revenue Next 3Y1.46%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.

6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 6.02, which indicates a rather cheap valuation of COFA.
Based on the Price/Earnings ratio, COFA is valued cheaper than 85.71% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 24.95, COFA is valued rather cheaply.
COFA is valuated reasonably with a Price/Forward Earnings ratio of 9.17.
The rest of the industry has a similar Price/Forward Earnings ratio as COFA.
When comparing the Price/Forward Earnings ratio of COFA to the average of the S&P500 Index (21.40), we can say COFA is valued rather cheaply.
Industry RankSector Rank
PE 6.02
Fwd PE 9.17

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, COFA is valued a bit cheaper than 74.29% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, COFA is valued a bit cheaper than 71.43% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.1
EV/EBITDA 8.54

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates COFA does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of COFA may justify a higher PE ratio.
PEG (NY)11.71
PEG (5Y)0.39
EPS Next 2Y-0.06%
EPS Next 3Y0.93%

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5. Dividend

5.1 Amount

COFA has a Yearly Dividend Yield of 9.00%, which is a nice return.
COFA's Dividend Yield is rather good when compared to the industry average which is at 5.28. COFA pays more dividend than 100.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.45, COFA pays a better dividend.
Industry RankSector Rank
Dividend Yield 9%

5.2 History

The dividend of COFA is nicely growing with an annual growth rate of 25.65%!
Dividend Growth(5Y)25.65%
Div Incr Years2
Div Non Decr Years2

5.3 Sustainability

COFA pays out 62.60% of its income as dividend. This is not a sustainable payout ratio.
COFA's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP62.6%
EPS Next 2Y-0.06%
EPS Next 3Y0.93%

COFACE SA

EPA:COFA (4/22/2024, 7:00:00 PM)

14.63

+0.18 (+1.25%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.18B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 9%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 6.02
Fwd PE 9.17
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)11.71
PEG (5Y)0.39
Profitability
Industry RankSector Rank
ROA 4.59%
ROE 17.68%
ROCE
ROIC
ROICexc
ROICexgc
OM 21.27%
PM (TTM) 14.23%
GM N/A
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.32
Health
Industry RankSector Rank
Debt/Equity 1.62
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 8.7
Quick Ratio 8.7
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-14.37%
EPS 3Y43.16%
EPS 5Y
EPS growth Q2Q
EPS Next Y0.51%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)4.11%
Revenue growth 3Y15.36%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y