COFACE SA (COFA.PA)

FR0010667147 - Common Stock

14.65  +0.06 (+0.41%)

Fundamental Rating

5

Taking everything into account, COFA scores 5 out of 10 in our fundamental rating. COFA was compared to 37 industry peers in the Insurance industry. While COFA belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. COFA has a valuation in line with the averages, 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 dividend investing!.



7

1. Profitability

1.1 Basic Checks

In the past year COFA was profitable.
COFA had a positive operating cash flow in the past year.
Each year in the past 5 years COFA has been profitable.
COFA had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

COFA has a better Return On Assets (6.22%) than 91.67% of its industry peers.
COFA has a better Return On Equity (23.96%) than 91.67% of its industry peers.
The Return On Invested Capital of COFA (7.09%) is better than 94.44% of its industry peers.
Industry RankSector Rank
ROA 6.22%
ROE 23.96%
ROIC 7.09%
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

COFA's Profit Margin of 14.26% is amongst the best of the industry. COFA outperforms 86.11% of its industry peers.
COFA's Profit Margin has improved in the last couple of years.
COFA has a Operating Margin of 21.09%. This is amongst the best in the industry. COFA outperforms 88.89% of its industry peers.
In the last couple of years the Operating Margin of COFA has grown nicely.
Industry RankSector Rank
OM 21.09%
PM (TTM) 14.26%
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

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so COFA is still creating some value.
COFA has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.

2.2 Solvency

COFA has an Altman-Z score of 1.59. 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 (1.59) is better than 97.22% of its industry peers.
The Debt to FCF ratio of COFA is 12.51, which is on the high side as it means it would take COFA, 12.51 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 12.51, COFA is in line with its industry, outperforming 41.67% 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.
COFA's Debt to Equity ratio of 1.62 is on the low side compared to the rest of the industry. COFA is outperformed by 94.44% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.62
Debt/FCF 12.51
Altman-Z 1.59
ROIC/WACC1.46
WACC4.87%

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.
COFA has a better Current ratio (8.70) than 100.00% of its industry peers.
A Quick Ratio of 8.70 indicates that COFA has no problem at all paying its short term obligations.
COFA has a Quick ratio of 8.70. This is amongst the best in the industry. COFA outperforms 100.00% of its industry peers.
Industry RankSector Rank
Current Ratio 8.7
Quick Ratio 8.7

3

3. Growth

3.1 Past

COFA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 16.07%, which is quite good.
COFA shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.36% yearly.
COFA shows a strong growth in Revenue. In the last year, the Revenue has grown by 40.84%.
COFA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.99% yearly.
EPS 1Y (TTM)16.07%
EPS 3Y43.16%
EPS 5Y15.36%
EPS growth Q2Q73.52%
Revenue 1Y (TTM)40.84%
Revenue growth 3Y15.36%
Revenue growth 5Y6.99%
Revenue growth Q2Q107.71%

3.2 Future

The Earnings Per Share is expected to decrease by -1.96% on average over the next years.
COFA is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.53% yearly.
EPS Next Y0.64%
EPS Next 2Y-0.26%
EPS Next 3Y-1.43%
EPS Next 5Y-1.96%
Revenue Next Year2.01%
Revenue Next 2Y2.6%
Revenue Next 3Y-0.53%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.

6

4. Valuation

4.1 Price/Earnings Ratio

COFA is valuated cheaply with a Price/Earnings ratio of 4.45.
COFA's Price/Earnings ratio is rather cheap when compared to the industry. COFA is cheaper than 97.22% of the companies in the same industry.
COFA's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.48.
A Price/Forward Earnings ratio of 9.17 indicates a reasonable valuation of COFA.
COFA's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.79. COFA is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 4.45
Fwd PE 9.17

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of COFA indicates a rather cheap valuation: COFA is cheaper than 88.89% of the companies listed in the same industry.
72.22% of the companies in the same industry are more expensive than COFA, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 8.22
EV/EBITDA 6.51

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.
COFA has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)6.93
PEG (5Y)0.29
EPS Next 2Y-0.26%
EPS Next 3Y-1.43%

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5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 9.17%, COFA is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.23, COFA pays a better dividend. On top of this COFA pays more dividend than 100.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, COFA pays a better dividend.
Industry RankSector Rank
Dividend Yield 9.17%

5.2 History

On average, the dividend of COFA grows each year by 25.65%, which is quite nice.
Dividend Growth(5Y)25.65%
Div Incr Years2
Div Non Decr Years2

5.3 Sustainability

46.19% of the earnings are spent on dividend by COFA. This is a bit on the high side, but may be sustainable.
DP46.19%
EPS Next 2Y-0.26%
EPS Next 3Y-1.43%

COFACE SA

EPA:COFA (3/28/2024, 7:00:00 PM)

14.65

+0.06 (+0.41%)

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 9.17%
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)
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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)
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 RankSector Rank
PE 4.45
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)6.93
PEG (5Y)0.29
Profitability
Industry RankSector Rank
ROA 6.22%
ROE 23.96%
ROCE
ROIC
ROICexc
ROICexgc
OM 21.09%
PM (TTM) 14.26%
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 Turnover0.44
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)16.07%
EPS 3Y43.16%
EPS 5Y
EPS growth Q2Q
EPS Next Y0.64%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)40.84%
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