COFACE SA (COFA.PA)
FR0010667147 - Common Stock
We assign a fundamental rating of 6 out of 10 to COFA. COFA was compared to 32 industry peers in the Insurance industry. COFA scores excellent on profitability, but there are some minor concerns on its financial health. COFA is valued quite cheap, but it does not seem to be growing. COFA also has an excellent dividend rating. With these ratings, COFA could be worth investigating further for value and dividend investing!.
1. Profitability
1.1 Basic Checks
In the past year COFA was profitable.
COFA had a positive operating cash flow in the past year.
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
With an excellent Return On Assets value of 4.59%, COFA belongs to the best of the industry, outperforming 93.55% of the companies in the same industry.
With an excellent Return On Equity value of 17.68%, COFA belongs to the best of the industry, outperforming 80.65% of the companies in the same industry.
The Return On Invested Capital of COFA (5.29%) is better than 93.55% of its industry peers.
| Industry Rank | Sector 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 83.87% of its industry peers.
In the last couple of years the Profit Margin of COFA has grown nicely.
COFA's Operating Margin of 21.27% is amongst the best of the industry. COFA outperforms 87.10% of its industry peers.
In the last couple of years the Operating Margin of COFA has grown nicely.
| Industry Rank | Sector 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
2. Health
2.1 Basic Checks
COFA has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it 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
COFA has an Altman-Z score of 1.39. This is a bad value and indicates that COFA is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of COFA (1.39) is better than 96.77% 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.
COFA has a Debt to FCF ratio (12.34) which is comparable to the rest of the industry.
A Debt/Equity ratio of 1.62 is on the high side and indicates that COFA has dependencies on debt financing.
COFA has a worse Debt to Equity ratio (1.62) than 90.32% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.62 | ||
| Debt/FCF | 12.34 | ||
| Altman-Z | 1.39 |
ROIC/WACC1.05
WACC5.06%
2.3 Liquidity
COFA has a Current Ratio of 8.70. This indicates that COFA is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 8.70, COFA belongs to the best of the industry, outperforming 96.77% of the companies in the same industry.
A Quick Ratio of 8.70 indicates that COFA has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 8.70, COFA belongs to the best of the industry, outperforming 96.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 8.7 | ||
| Quick Ratio | 8.7 |
3. Growth
3.1 Past
The earnings per share for COFA have decreased strongly by -11.56% in the last year.
The Earnings Per Share has been growing by 15.36% on average over the past years. This is quite good.
Looking at the last year, COFA shows a small growth in Revenue. The Revenue has grown by 1.15% in the last year.
COFA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.99% yearly.
EPS 1Y (TTM)-11.56%
EPS 3Y43.16%
EPS 5Y15.36%
EPS Q2Q%11.94%
Revenue 1Y (TTM)1.15%
Revenue growth 3Y15.36%
Revenue growth 5Y6.99%
Sales Q2Q%-2.05%
3.2 Future
COFA is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.96% yearly.
Based on estimates for the next years, COFA will show a small growth in Revenue. The Revenue will grow by 1.93% on average per year.
EPS Next Y6.04%
EPS Next 2Y1.72%
EPS Next 3Y1.48%
EPS Next 5Y-0.96%
Revenue Next Year0.49%
Revenue Next 2Y1.91%
Revenue Next 3Y1.93%
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 5.57, the valuation of COFA can be described as very cheap.
Based on the Price/Earnings ratio, COFA is valued cheaply inside the industry as 93.55% of the companies are valued more expensively.
COFA is valuated cheaply when we compare the Price/Earnings ratio to 24.41, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 8.41, the valuation of COFA can be described as reasonable.
Based on the Price/Forward Earnings ratio, COFA is valued a bit cheaper than the industry average as 61.29% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.59, COFA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.57 | ||
| Fwd PE | 8.41 |
4.2 Price Multiples
61.29% of the companies in the same industry are more expensive than COFA, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of COFA indicates a somewhat cheap valuation: COFA is cheaper than 77.42% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.68 | ||
| EV/EBITDA | 8.36 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of COFA may justify a higher PE ratio.
PEG (NY)0.92
PEG (5Y)0.36
EPS Next 2Y1.72%
EPS Next 3Y1.48%
5. Dividend
5.1 Amount
COFA has a Yearly Dividend Yield of 9.37%, which is a nice return.
COFA's Dividend Yield is rather good when compared to the industry average which is at 5.57. COFA pays more dividend than 100.00% of the companies in the same industry.
COFA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.37% |
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
62.60% of the earnings are spent on dividend by COFA. 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 2Y1.72%
EPS Next 3Y1.48%
COFACE SA
EPA:COFA (7/26/2024, 7:00:00 PM)
13.81
+0.11 (+0.8%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.06B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.37% |
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)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
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)
Max Revenue beat(4)
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.57 | ||
| Fwd PE | 8.41 | ||
| 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)0.92
PEG (5Y)0.36
Profitability
| Industry Rank | Sector 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 Rank | Sector 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)
High Growth Momentum
Growth
EPS 1Y (TTM)-11.56%
EPS 3Y43.16%
EPS 5Y
EPS Q2Q%
EPS Next Y6.04%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)1.15%
Revenue growth 3Y15.36%
Revenue growth 5Y
Sales 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