COFACE SA (COFA.PA)
FR0010667147 - Common Stock
We assign a fundamental rating of 5 out of 10 to COFA. COFA was compared to 33 industry peers in the Insurance industry. COFA scores excellent on profitability, but there are some minor concerns on its financial health. COFA is cheap, but on the other hand it scores bad on growth. Finally COFA also has an excellent dividend rating. These ratings could make COFA a good candidate 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.
Each year in the past 5 years COFA had a positive operating cash flow.
1.2 Ratios
COFA's Return On Assets of 4.87% is amongst the best of the industry. COFA outperforms 93.75% of its industry peers.
Looking at the Return On Equity, with a value of 19.13%, COFA belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 5.64%, COFA belongs to the top of the industry, outperforming 96.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.87% | ||
| ROE | 19.13% | ||
| ROIC | 5.64% |
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
With an excellent Profit Margin value of 15.20%, COFA belongs to the best of the industry, outperforming 90.63% of the companies in the same industry.
In the last couple of years the Profit Margin of COFA has grown nicely.
COFA has a better Operating Margin (22.77%) than 90.63% of its industry peers.
COFA's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.77% | ||
| PM (TTM) | 15.2% | ||
| 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.
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 1.44. This is a bad value and indicates that COFA is not financially healthy and even has some risk of bankruptcy.
COFA has a better Altman-Z score (1.44) than 96.88% of its industry peers.
The Debt to FCF ratio of COFA is 10.42, which is on the high side as it means it would take COFA, 10.42 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 10.42, COFA is doing worse than 62.50% of the companies in the same industry.
A Debt/Equity ratio of 1.64 is on the high side and indicates that COFA has dependencies on debt financing.
With a Debt to Equity ratio value of 1.64, COFA is not doing good in the industry: 90.63% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.64 | ||
| Debt/FCF | 10.42 | ||
| Altman-Z | 1.44 |
ROIC/WACC1.1
WACC5.14%
2.3 Liquidity
COFA has a Current Ratio of 8.83. This indicates that COFA is financially healthy and has no problem in meeting its short term obligations.
COFA's Current ratio of 8.83 is amongst the best of the industry. COFA outperforms 96.88% of its industry peers.
COFA has a Quick Ratio of 8.83. This indicates that COFA is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 8.83, COFA belongs to the top of the industry, outperforming 96.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 8.83 | ||
| Quick Ratio | 8.83 |
3. Growth
3.1 Past
COFA shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.89%.
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.
COFA shows a decrease in Revenue. In the last year, the revenue decreased by -1.89%.
COFA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.99% yearly.
EPS 1Y (TTM)-6.89%
EPS 3Y43.16%
EPS 5Y15.36%
EPS Q2Q%10.89%
Revenue 1Y (TTM)-1.89%
Revenue growth 3Y15.36%
Revenue growth 5Y6.99%
Sales Q2Q%-2.01%
3.2 Future
Based on estimates for the next years, COFA will show a decrease in Earnings Per Share. The EPS will decrease by -0.96% on average per year.
Based on estimates for the next years, COFA will show a small growth in Revenue. The Revenue will grow by 4.03% on average per year.
EPS Next Y6.94%
EPS Next 2Y2.22%
EPS Next 3Y1.89%
EPS Next 5Y-0.96%
Revenue Next Year3.9%
Revenue Next 2Y3.94%
Revenue Next 3Y4.03%
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.
4. Valuation
4.1 Price/Earnings Ratio
COFA is valuated cheaply with a Price/Earnings ratio of 5.72.
Based on the Price/Earnings ratio, COFA is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
COFA is valuated cheaply when we compare the Price/Earnings ratio to 30.97, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 8.86, the valuation of COFA can be described as reasonable.
The rest of the industry has a similar Price/Forward Earnings ratio as COFA.
COFA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.72 | ||
| Fwd PE | 8.86 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of COFA indicates a somewhat cheap valuation: COFA is cheaper than 65.63% of the companies listed in the same industry.
68.75% of the companies in the same industry are more expensive than COFA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.95 | ||
| EV/EBITDA | 8.21 |
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)0.82
PEG (5Y)0.37
EPS Next 2Y2.22%
EPS Next 3Y1.89%
5. Dividend
5.1 Amount
COFA has a Yearly Dividend Yield of 8.97%, which is a nice return.
COFA's Dividend Yield is rather good when compared to the industry average which is at 5.41. COFA pays more dividend than 93.75% of the companies in the same industry.
COFA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.22.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.97% |
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
50.70% of the earnings are spent on dividend by COFA. This is a bit on the high side, but may be sustainable.
COFA's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP50.7%
EPS Next 2Y2.22%
EPS Next 3Y1.89%
COFACE SA
EPA:COFA (10/9/2024, 12:31:42 PM)
14.7
-0.08 (-0.54%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.20B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.97% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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PT rev (1m)
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EPS NQ rev (1m)
EPS NQ rev (3m)
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Revenue NQ rev (1m)
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Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.72 | ||
| Fwd PE | 8.86 | ||
| 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)0.82
PEG (5Y)0.37
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.87% | ||
| ROE | 19.13% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 22.77% | ||
| PM (TTM) | 15.2% | ||
| 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 | 1.64 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 8.83 | ||
| Quick Ratio | 8.83 | ||
| 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)-6.89%
EPS 3Y43.16%
EPS 5Y
EPS Q2Q%
EPS Next Y6.94%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-1.89%
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